12 NEWS
US men skin care usage ‘soars 68% in two years’
More than half of US men (52%) now use facial skin care products, a 68% increase from 2022 (31%), according to new research by market analysts Mintel. US Men’s Grooming Market
Report 2024 found facial skin care is especially popular among Gen Z men (ages 18-27 in 2024), of which 68% use facial skin care, compared to 42% in 2022. Not only are more men using
skin care products, but they are also investing in higher-end products. Over two-fifths (42%) of men
ages 18-34 purchase premium facial moisturizers over mass- market brands, while 33% of Gen Z men who use facial skincare products at home have traded up
making buying decisions. Three-fifths (60%) of those
who previously purchased clean personal care products say they’ve stopped using a product in the past year due to an ingredient safety concern. “Our research shows a growing
to more premium products. Additionally, over a third (35%)
of men ages 18-34 purchase premium hand and body lotions, compared to just one-fifth (21%) of all male consumers. In line with a preference for
premium products, nearly half (46%) of men ages 18-34 say clean ingredients are a key factor when
market for male skin care products as younger men are willing to invest in higher-end products, specifically those touting clean ingredients,” said Mintel Beauty and Personal Care senior analyst Carson Kitzmiller. “To effectively engage this
audience, BPC brands must lean into the clean beauty space by underscoring their dedication to safe, non-toxic ingredients,” she added.
in-cos Asia to host ‘Cosmetic Conference’
The 2024 edition of the in- cosmetics Asia trade show in Bangkok, Thailand this November will feature the inaugural Cosmetic Conference in association with the International Federation of Societies of Cosmetic Chemists (IFSCC). Sponsored by DSM-Firmenich,
the Cosmetic Conference will feature speakers from Shiseido, L’Oréal, A*Star Skin Research Labs, Formulae 8, Shieling Laboratories and more. The two-day conference, which
runs from 5-6 November, will bring together scientists and R&D experts from diverse disciplines during the in-cosmetics Asia event held from 5-7 November at BITEC, Bangkok. Robert McPherson, IFSCC Presidium Member said:
Sensient Beauty partners with
Kolmar Korea French personal care ingredient supplier Sensient Beauty has entered into a strategic partnership with Korean finished product maker Kolmar to target the global colour cosmetics market. The collaboration aims to
accelerate Kolmar’s efforts in the global market by leveraging Sensient Beauty’s extensive experience and innovative pigments. Sensient Beauty will provide
Kolmar Korea with new pigments that have not yet been introduced to the market. Kolmar Korea plans to use these
pigments to develop products that align with market trends, catering to the diverse tastes of consumers. The duo signed a Memorandum
of Understanding (MOU), ‘New Pigment and Raw Material Development’ at Kolmar’s technology centre in Seoul. The signing ceremony was
attended by Byung-Seok Moon, Head of Technology Research at Kolmar Holdings (pictured, right) and Marianne Peltier, General Manager of Sensient Beauty Asia (left). “Through this MOU, we will
develop a variety of products that meet the demands of the global market and become a company that leads the latest makeup trends,” Kolmar said in a statement. In a related development,
“Collaboration between in- cosmetics Asia and the IFSCC makes total sense, as we complement each other perfectly. “With over 16,000 members
worldwide, the IFSCC is dedicated to advancing cosmetic research and fostering innovation,” he added.
“Joining forces allows us
to provide unique insights and cutting-edge information to showcase the latest developments in our field. This partnership is a testament to our shared commitment to drive the industry forward through collaboration and mutual support.”
Barentz buys Indian distributor Anshul Life Sciences
Speciality ingredients distributor Barentz International has acquired Mumbai, India-based supplier Anshul Life Sciences. Established in 1978, Anshul is
a speciality chemicals distributor that caters to the personal care, pharmaceuticals, and food & nutraceuticals markets. Barentz said the acquisition gives it leading life science
PERSONAL CARE September 2024
distribution platform in India and reinforces its commitment to providing solutions, expertise, and a wider range of ingredients to customers and principals pan- India.
“The acquisition emphasizes
Barentz’ commitment to the Indian market and is expected to open a realm of strategic opportunities for growth across the country and
the broader Asia-Pacific region,” it added. “Both companies are committed
to ensuring a seamless transition and maintaining the highest standards of value-added services.” Chief executive Nagarajan
Kailasam and the current team of Anshul Life Sciences will continue to manage the day-to-day business operations.
www.personalcaremagazine.com
Kolmar has bolstered its North American subsidiary management ahead of a planned expansion in the United States early next year. The Seoul-based firm has
named Yongchul Hur as CEO of Kolmar Laboratories and Kolmar USA; Philippe Warnery as global chief commercial officer; George Rivera as chief science officer of Kolmar USA; and Inki Park as head of the R&D Centre for North America, responsible for bridging the Korean and North American markets.
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