12 NEWS
Ingredients market ‘to reach $16.3 billion by 2030’
The global market for personal care ingredients will be worth $16.3 billion by 2030, according to a new report by ReportLinker. ‘Global Personal Care
Ingredients Industry’ states the market will growing at a compound annual growth (CAGR) rate of 4.1% between 2022 and 2030. Emollients, one of the segments
analyzed in the report, is projected to record 4.5% CAGR and reach $5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the surfactants segment is readjusted to a revised 3.5% CAGR for the next 8-year period. The personal care ingredients
market in the US was estimated to be $3.2 billion as of the end of 2022.
Marinova schools future talent
Australian marine ingredient producer Marinova has launched a graduate programme to support the next generation of fucoidan experts. Marinova makes highly
bioactive polysaccharides derived from select species of brown seaweed. High purity fucoidan is
an ingredient sought after for a range of nutritional, cosmetic and animal health applications. “Our exceptional
China is forecast to reach a
projected market size of $3.4 billion by the year 2030 with a CAGR of 6.6% out to 2030. Among the other noteworthy
geographic markets are Japan and
Canada, each forecast to grow at 2.4% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is
forecast to grow at approximately 3% CAGR.
Nordmann opens Netherlands-based Benelux subsidiary near Rotterdam
German speciality chemicals distributor Nordmann has opened a Benelux subsidiary based in the Netherlands. Nordmann Benelux, located
in Capelle aan den Ijssel near Rotterdam, is headed by Jost E. Laumeyer. “The foundation of our own
subsidiary gives us even better access to this important market in Europe, where we see great potential for the future,” said Nordmann managing director Gerd Bergmann. “This provides our suppliers
with expanded sales opportunities and our customers with local service and advice throughout the Benelux region. I am very happy, that we have won Jost E. Laumeyer, who has many years of expertise in distribution and a high level of intercultural competence, as managing director,” he added. Laumeyer, who has been
global sales director for plastics at Nordmann since 2018, said: “Our goal is to intensify the already existing business relationships, but also to develop new partnerships. “This investment underlines our Nordmann approach of “Global
PERSONAL CARE May 2023
leadership team will be mentoring our first graduate over the course of the next 12 months, providing experience across all facets of the company’s operations,” said CEO Paul Garrott. “Following successful
completion of the program, graduates are offered a permanent role at Marinova in the area most suited to their skillset and interests,” he added. Rising to the fore of a
highly competitive field in the program’s inaugural year was Dr Ellie Paine. “Dr Paine has recently
completed her PhD in seaweed science and is passionate about pursuing a career in biotechnology,” said Garrott.
presence, local best”. I am looking forward to representing Nordmann in the Benelux region together with my team and to distribute products from well-known manufacturers here, as well as to developing new product lines.” In a related development,
Berkem has expanded its collaboration with Unipex for the distribution of the former’s cosmetic and personal care ingredients to Benelux and French- speaking Switzerland. Already the distributor of
Berkem’s plant extracts in France, Unipex will distribute to Benelux and Romandy thanks to its sales force combined with its technical marketing department.
“This new agreement with
Unipex follows the one we signed together in 2022 for the distribution of our solutions dedicated to the ‘Health, Beauty & Nutrition’ area of expertise in France,” said Berkem sales VP Eric Moussu. “We are thus pursuing our
internationalization strategy alongside a recognized player in the distribution of speciality ingredients that has already proved its worth in our domestic market,” he added.
“Based on this solid partnership,
we intend to meet the demand of cosmetics manufacturers wishing to increase the naturalness of their products while preserving their effectiveness.”
www.personalcaremagazine.com
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