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Demand for natural and organic cosmetics is expanding globally, with growth set to continue.
That is according to Ecovia Intelligence, which has examined the future market and found that while growth initially stemmed from Europe and North America, demand for natural and organic cosmetics is becoming increasingly global; Asia’s share of the international natural cosmetics market is expected to continue to rise as its consumers seek products without contentious synthetic chemicals.
Ecovia explained that more natural and organic product launches are likely to be in the Asia-Pacific, as well as other regions. It highlighted multinationals launching natural and ethical lines in the last 12 months, including Unilever with Love, Beauty & Planet, and L’Oreal launching Seed Phytonutrients and La Provençale Bio.
The analysts also forecast that we can expect to see more investments and acquisitions involving natural and organic cosmetic firms in 2019. Some of the notable acquisitions in the last 12 months were Logocos Naturkosmetik by L’Oreal, The Organic Pharmacy by Istituto Ganassini, and Natural Products Group by Groupe Rocher.
Consumer concerns about plastic pollution in the oceans and landfill is making cosmetic and personal care companies address their packaging impacts. A growing number of companies are looking at sustainable materials and/or eco-design approach. Ecovia also found that cosmetic and ingredient firms will continue to invest in sustainable sourcing of raw materials.
Other labels making headway include vegan, halal, non-GMO, as well as COSMOS and Natrue (natural and organic labels).
The matter will be discussed at the Sustainable Cosmetics Summit in New York on May 8-10. Find out more at www.sustainablecosmeticssummit.com
New research has revealed that health benefits are the main reason why almost a quarter of Brits want to cut back on red meat this year.
According to new YouGov Consumer Research, 24 per cent aim to eat less red meat next year (27 per cent among meat eaters), with improving personal health the main motivation for half of those looking to cut back (50 per cent). Women, those aged over 55 and those of higher social classes, are most likely to look at cutting back.
One third (35 per cent) support Government involvement in getting people to eat less meat, 29 per cent neither support nor oppose and a third (33 per cent) oppose. By contrast, people are considerably more supportive of Government intervention to change behaviour around people’s health. For example, two thirds (67 per cent) support the government making diet recommendations to reduce obesity, with just one in eight (13 per cent) opposing the idea.
Commenting on the research, James Mundell, Director of Consumer Research at YouGov, explained: “It’s been proven that a worldwide reduction of mass red meat consumption would have a positive impact on the environment, as well as personal health benefits, so it’s no surprise that a quarter are considering changing their diet next year. However the fact that more oppose government intervention to environmentally beneficial changes than oppose intervention to health policies suggests the environment isn’t such a major factor for those considering change. Moreover, even when consumers have good intentions, whether they will actually make these changes is another matter.”
The Food and Drink Business UK Conference, a leading gathering of food and beverage industry professionals, takes place on the 7th November in the Ricoh Arena, Coventry with a focus on Manufacturing, IT, Data, Logistics and more. The annual event will welcome 2,000 food industry professionals, 200 speakers and 170+ exhibitors.
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There will be 28 conferences taking place within the event including the Supply Chain & Logistics Summit, Craft Beer and Spirits Expo, Sustainable Food & Beverage Manufacturing Summit and Quality & Safety Summit. Read More