SEP 11-12, 2024

2024 Beauty Insights- 1st Edition

On January 2, Thai Prime Minister Seta Ta announced that China and Thailand will permanently exempt visas for each other’s citizens starting in March. At a press conference held by the Chinese Foreign Ministry on January 2, Foreign Ministry spokesman Wang Wenbin said that further strengthening of cultural exchanges between China and Thailand and mutual visa exemption are in line with the fundamental interests of the two countries.

Eager to reinforce its authority in skin longevity science, Estée Lauder has unveiled a new expert collective across multiple disciplines to educate and empower consumers to rethink how they approach skincare and lifestyle – reframing the conversation from anti-aging to visible age reversal.

The global beauty group – Coty, seeks to expand the footprint of its business in India. Strategic plans include the appointment of Rizwan Mulla, formerly at the Chalhoub Group, as Business Development Director, India, the inauguration of new premises in Mumbai, as well as the signing of an agreement with distribution and marketing company House of Beauty.

The Guangdong Provincial Food and Drug Administration announced: Currently, Guangdong has more than 3,100 cosmetics manufacturers, accounting for 56% of the China’s total; the province’s cosmetics industry has a total output value of 210 billion yuan, accounting for 60%, ranking first in the country.

The export value of Chinese cosmetics to South Korea has increased significantly year-on-year. Data shows that from January to August in 2023, the export value of Chinese cosmetics to South Korea has increased by approximately 190% year-on-year.

The 2023 Douyin Platform Lotion/Cream Market Insight Report shows that from January to August 2023, Douyin Platform’s lotion/face cream sales accounted for 21.3%, and sales increased by more than 98.93% year-on-year.

The Japanese cosmetics giant – Shiseido Company has signed an agreement to acquire Dr. Dennis Gross Skincare Holdings (DDG). Headquartered in New York, USA, DDG is a leading company offering dermatologist-led, science-based prestige skincare. Through this acquisition, the Shiseido Company seeks to strengthen its core business – prestige skincare – that already includes the Shiseido and Clé de Peau Beauté brands.

Unilever continues to optimize its portfolio of brands. Hot on the heels of the announcement of the sale of Elida Beauty to private equity firm Yellow Wood Partners, the FMCG conglomerate has reached an agreement to acquire “biotech” hair care brand K18.

Douglas completed its financial year 2022/23 with record results. The European leading premium beauty retail chain posted net sales of 4.1 billion euros between October 2022 and September 2023 (compared to 3.65 billion euros on the same period in 2021/22), growing by 12.1% and surpassing the threshold of 4 billion euros in net sales for the first time in the company’s history.

Barentz International, a global life science and specialty performance ingredients distributor, headquartered in Hoofddorp, The Netherlands, has acquired Radian Chemical Products in India, a high-end niche specialty solutions provider predominantly in colour cosmetics and personal care industries.