SEP 11-12, 2024

2024 Beauty Insights- 3rd Edition

The China Bureau of Statistics released data on retail sales of consumer goods in December. In December, the total retail sales of consumer goods was 4,355 billion yuan, a year-on-year increase of 7.4%; from January to December, the total retail sales of consumer goods was 47,149.5 billion yuan, a year-on-year increase of 7.2%. Among them, in December, the total retail sales of cosmetics was 32.3 billion yuan, a year-on-year increase of 9.7%; from January to December, the total retail sales of cosmetics was 414.2 billion yuan, a year-on-year increase of 5.1%.

According to data from the General Administration of Customs, the China import volume of beauty cosmetics and toiletries in December 2023 was 8.51 billion yuan, and the import volume from January to December 2023 was 126.02 billion yuan.

On the banks of the Susquehanna river in rural Pennsylvania, a quiet, unassuming plot of land is the unlikely backdrop for a simmering debate over chemical recycling, a controversial process for dealing with plastic waste. The technology promises to transform hard-to-recycle containers, food packaging, lids, mailers and endless other items into usable petrochemicals and is championed in particular by the plastic-producing fossil fuel industry.

According to the data, the total sales of Douyin in the men’s beauty and skin care market in 2023 will exceed 100 million yuan, a year-on-year increase of 235.37%, among which, men’s care sets, men’s cleansers, men’s facial creams, men’s BB creams, men’s concealers and other subcategories grew rapidly year-on-year, with increases exceeding 100%. Men’s beauty consumers are mainly young people, with people aged 24 to 30 and 31 to 40 accounting for nearly 60%.

Maggie Chan, general manager of Sephora China, will officially leave on January 19. The next manager has not yet been officially announced. During the transition period, Alia Gogi, president of Sephora Asia, will directly manage the business of China. Sephora has appointed Anca Marola as its new global chief digital officer, replacing Marc Abergel, effective from February 12.

iKOU, founded in 2007 by Naomi and Paul Whitfeld in the Blue Mountains, is gearing up to welcome a strategic partner on board. This strategic decision aligns with iKOU’s ambitious plans to unveil 10 additional retail stores across Australia, with a particular focus on captivating regional holiday destinations.

Recognized for 40 years for its expertise in the skincare and make-up markets, Cosmogen is now positioning itself as a supplier of high value-added primary packaging solutions for the pharmaceutical sector. The company, which already has several customers in this sector, will be exhibiting its dedicated products and applicators at the Pharmapack trade show, under the new Cosmogen Pharma Care banner.

At ISPO, the world’s largest sports trade show, which was held on 28-30 November 2023, in Munich, Germany, HeiQ specializes in textile innovation introduce its Skin Care, a 100% biobased and long-lasting cosmetic finishing technology that takes care of the skin. Designed for next-to-skin apparel and home textiles, the HeiQ Skin Care technology harnesses the power of active probiotics and selected prebiotics to enhance the cutaneous microbiome for glowing skin.

Representatives from 175 nations meet in Nairobi from November 13 to 19, in order to negotiate what concrete measures should be included in a binding global treaty to end plastic pollution. Nations agreed last year to finalise a world-first UN treaty by the end of 2024.

This year’s Consumer Electronics Show (CES) concluded on January 12 in Las Vegas, Nevada, after showcasing a host of new gadgets designed to revolutionize daily lives. Such is the case in the beauty sector, where new technologies — led by artificial intelligence — are on a mission to facilitate and optimize consumers’ personal care routines.