12 NEWS Lubrizol announces Foresee Lab
Lubrizol Life Science – Beauty (LLS Beauty) has created Foresee Lab, “a programme which combines science, future thinking and consumer and market insights to give brands a clear picture of the future of beauty”. This was developed in 2021 but has only just been revealed publicly. Foresee Lab collects market
and consumer insights locally and globally to identify growth opportunities. For example, an online product review analysis tool uses AI to identify millions of
Azelis buys in Thailand
Distribution giant Azelis has made another acquisition in the form of a majority stake in Catalite. Founded in 2015, Catalite is a distributor of speciality chemicals in the personal care, home care and other market segments in Thailand.
The deal is expected
to close within Q1, subject to closing conditions. CEO Udomlak Kootiratrakarn and COO Vaivit Arkaresvimun will continued to lead the business and all 49 employees will transfer to Azelis.
“With an attractive
portfolio of products from several key principals, Catalite serves a large, growing customer base from its site in Bangkok, providing the Group a solid platform to accelerate its growth in the domestic market, and the wider Asia Pacific region,” Azelis said.
Herbal beauty market to grow
A new report by Future Market Insights (FMI) projects an increase of 6.1%/year in the herbal beauty products market between 2021 and 2031 as demand for these products grows all around the world. This will be driven by a number of factors the report concluded, such as:
PERSONAL CARE February 2022
■ Increasing consumer inclination towards a healthy lifestyle ■ Veganism among millennials driving the general shift towards green beauty products ■ Within the male grooming sector, changing attitudes towards body care and beauty products along with the media portrayals of ‘lumbersexuals’ and ‘metrosexuals’
“Players currently operating in the market are focusing on innovations to expand their portfolio. Some are even targeting specific skin problems to carve a niche. Meanwhile, leading brands are expanding their availability across e-commerce platforms,” said an FMI analyst.
consumer reviews across different segments while video analysis captures consumer behaviour for feedback on ideas and concepts. These are then connected within the LLS Beauty portfolio of active and functional ingredients and formulation capabilities. “The results are new market concepts and product line opportunities for clients, as well as new formulations that enhance performance, deliver aesthetic benefits, and provide a superior sensory experience for consumers,” LLS Beauty said.
Sandream Specialities has named Surfachem as its exclusive distributor for its range of effect pigments within the personal care and cosmetics industries across Germany, Austria, Switzerland, Poland, and the Benelux countries. The two firms have already worked in partnership
for these products within the UK and France since 2018 and now Surfachem will represent Sandream’s ingredient portfolio across all its European subsidiaries. They said that this extension highlights the synergistic relationship they have established and their common goals for growth across Europe.
NEWS IN BRIEF New CEO named
The Jungbunzlauer Group has announced that Bruno Tremblay will be its CEO from 1 May. Tom Knutzen is to retire after nearly ten years in the role, although he will remain a board member. Tremblay has spent most of his career in what is now Bayer CropScience. Since 2018, he has been based in Basel, Switzerland, as EVP of the EMEA region, accountable for a business with $4 billion in sales and 6,000 staff.
New BRB facility Petronas Chemicals Group (PCG) operation BRB International has officially opened an 8,000 tonnes/ year GMP blending facility in the vicinity of PCG’s petrochemical complex in Gebeng, Malaysia. The facility will produce cosmetic grade silicone gum blend, silicone EMPOL emulsion and amino- silicone emulsion for the Asia- Pacific and Middle East/Africa regions, among other things. It has ISO 22000, HACCP, MeSTI, Halal and Kosher certificates.
Ban is in force The Humane Cosmetics Act came into force on 1 January in the US state of Virginia, preventing cosmetics manufacturers from conducting or contracting for cosmetic animal testing there. It also bans the sale of cosmetics tested on animals from 1 July. Virginia is the fourth US state to enact such a ban since 2018, following California, Nevada and Illinois.
www.personalcaremagazine.com
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