The company will increase its capabilities to conduct on-site workshops as a means of enhancing consumer service which will impel the cosmetic formulations
Global: Symrise has opened a new laboratory for cosmetic ingredients in Holzminden, Germany. The new facility will enable the development, optimization, and testing of new cosmetic formulations, specifically utilizing the portfolio of antimicrobial ingredients from the Micro Protection category. The laboratory will support customer-specific projects as well as the development of new innovative materials for use in cosmetic applications. The company has broadened its capabilities to conduct on-site workshops as a means of enhancing customer service.
With the new laboratory, Symrise intends to expand the Micro Protection category’s capabilities within the Cosmetic Ingredients division. The category consists of a portfolio of safe and effective preservatives and multifunctional ingredients as well as skin protection products such as deodorants, anti-dandruff and hygiene solutions.
According to BlueWeave Consulting, with the increasing demand, manufacturers are focusing on bringing in products specific to the consumer requirement and hence, gender-specific products are also increasing at a rapid pace. Growing concerns on the long term effects due to the usage of cosmetics are forcing the manufacturer to bring in organic products as well which in turn is expected to increase the cosmetic market during the forecast period.
Due to rapid urbanization and industrialization, pollution has spiraled out of control in many emerging regions which leads to the increasing awareness among people about the adverse effects of pollution on the skin and hair simultaneously help in rising the demand of cosmetic products in coming years. Moreover, personal care companies are making their products available online at competitive prices. In recent years, anti-aging skin products have emerged as the most popular segment owing to consumer demand to improve their appearance and look youthful.
According to BlueWeave Consulting’s Titled “Global Cosmetic Products Market, by Product Type (Skincare, Haircare, Make-up,Fragrances, Personal care, and Oral Cosmetics), By Form (Solutions, Creams,Lotions, Ointments, Tablets, Powders, Gels, Sticks, and Aerosols), by Application (Lips, Eyes, Eyebrows, Nails, and Face), By Distribution Channel(Online, Healthcare & Beauty store, Retail store, Specialty stores,E-commerce, Pharmacy, and Others), By Region (North America, Latin America,Asia Pacific (APAC), Europe, Middle East & Africa), Size and Forecast,2015-2025”
Cosmetic products are primarily used to enhance physical appearance and to maintain personal hygiene. At present cosmetics industry is changing its course and is witnessed to be growing with the increasing adoption of natural & organic ingredients based products. The key factors increasing the market value of cosmetic products include increasing spending power of women, rising GDP per capita, availability of better and new products, raising awareness of consumers to adopt different products, aggressive promotional activities.
However, the market has also been spurred by the rising adoption of cosmetics products as a daily regimen by the consumer across the globe. The declining rate of fertility and mortality has resulted in the rise of the aging population thus; the desire among people to retain youthful appearances has groomed and nurtured the cosmetics industry worldwide.