UK Beauty Buyers Have Adopted the ‘Skinimalism’ Trend
Minimalist beauty, cocooning and return to basics were forecasted among the main beauty trends for 2021, but the phenomenon has already impacted the UK with prestige skincare sales declining 23% in 2020 according to The NPD Group.
The Anti-aging Business in China
Anti-aging has recently become female consumers’ top1 demand in the skincare sector and one of the most popular sectors for investors. There are some highlights worth noting in this booming sector:
- Big high-end brands still dominate this sector, such as lamer, Lancome, CPB, etc. Consumers do prefer international brands while purchasing anti-aging skincare products.
- Beauty devices are becoming more popular as an anti-aging tool.
- More consumers are embracing medical beauty because of its stronger efficacy.
Breaking! Japan Implements the New Japanese Standards of Quasi-drug Ingredients (JSQI 2021)
On March 25, 2021, Japan Ministry of Health, Labour and Welfare (MHLW) issued four documents, including the new Japanese Standards of Quasi-drug Ingredients (hereafter referred to as JSQI 2021), new List of Permitted Additives in Quasi-drugs, new Pre-market Application Rules of Quasi-drugs and a Collection of FAQs. In the above four documents, the ingredient standards are revised, and the corresponding pre-market application requirements of quasi-drug products are adjusted.
CSAR Subsidiary Regulations: China Details Cosmetic Safety Assessment Requirements
The finalized Technical Guidelines for Cosmetic Safety Assessment clarify the detailed requirements for conducting safety assessment, requirements for safety assessors, content necessary in the assessment report, attach corresponding samples, and set transitional measures.
