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MARKET
Singapore Cosmetics eCommerce Market Trends: Clean Beauty, Asian Ingredients and Indie Brands
Jun 28, 2020
In Southeast Asia, Singaporean shoppers are an eCommerce seller’s dream. It has the highest basket size1 in the region, at $91. (It far eclipses the second-largest basket size, which is that of the Philippines, at $56.) Conversion rate is 10% higher than average—second only to Vietnam, and a close tie with its much larger neighbour, Indonesia...
Singapore
MARKET
618 Vol 3: 618 Mid-Year Shopping Festival Cosmetic Sale List
Jun 23, 2020
Cosmetic highlights in 618 shopping festival 2020: - Tmall’s total GMV reached 698.2 billion yuan while JD’s GMV was 269.2 billion yuan - Cosmetic brand ranking in four platforms: TMALL, JD, Douyin and Kuaishou
Chinese Mainland
MARKET
The 40-billion-yuan Essence Market in China
Jun 23, 2020
The essence market size in China reached 40 billion yuan in 2019 and is still growing rapidly. Young consumers are now the main drivers of growth in the sector. Three new trends have emerged in this market 1) More affordable brands and domestic brands are starting to increase their market share 2) Consumers are paying more attention to ingredient source and functional characteristics 3) Pharmaceutical companies are starting to enter the market.
Chinese Mainland
Product Innovation
ANALYSIS
China Market Entry for Small Beauty Brands – Top Tips
Jun 22, 2020
China is a land of opportunity in so many ways. 1.3 billion people, 894M of them are shopping online and e-commerce sales are growing at +17% YOY. In 2020 e-commerce sales are expected to reach 30% of total retail sales which is amongst the highest percentages globally...
Chinese Mainland
MARKET
After Hygiene, Solid Products Are Revolutionizing Skincare
Jun 22, 2020
Perfectly in line with current trends, like nomadism, clean beauty, and zero waste, solid cosmetics are booming. Historically positioned on the makeup segment, over the past few years, solid products have stormed into that of hygiene, bringing both new solutions and gestures which quickly found their own public. They are now entering the skincare category due to the cumulated effect of innovation and a rising consumer expectation as regards more hygienic 'post-COVID' applications.
Skin Care
Business
NEWS
China Allows the Submission of Copies of Relative Certification Documents for Cosmetic Import amid Coronavirus Outbreak
Jun 19, 2020
On June 16, China’s National Medical Products Administration (NMPA) announced adjustments to the submission requirements of relevant certificates for imported cosmetics registration/filing...
Chinese Mainland
Pre-market Approval
ANALYSIS
Indonesia Issues Implementing Regulation for E-commerce Sector: Key Features
Jun 17, 2020
On May 19, 2020, Indonesia’s Ministry of Trade issued Regulation 50 of 2020 (Reg 50/2020), which sets out the legal guidelines for domestic and international businesses engaging in trade through electronic systems (e-commerce)...
Indonesia
NEWS
South Korea Implements the Regulation on the Examination of Designation and Changes of Cosmetics Ingredient Standards
Jun 16, 2020
This regulation specifies the scope of restricted ingredients, required application dossiers, application procedure, results notification, etc.
South Korea
Ingredients
Business
MARKET
China Cosmetic Market Data in May
Jun 16, 2020
The GMV of cosmetics across leading e-commerce platforms showed promising growth trends International brands are already beginning to recover from the impact of the COVID-19 pandemic. Some domestic brands, especially Dr. Yu, performed excellently despite the impact of COVID-19. Brands started their 618 pre-sale promotions in May and have recorded excellent sales results.
Chinese Mainland
NEWS
Hebei MPA Clarifies Filing Requirements for Non-special Use Cosmetics Using “Original Liquid” as Product Name
Jun 15, 2020
On June 9, the Hebei Medical Products Administration (Hebei MPA) issued an internal notice clarifying the filing requirements for non-special use cosmetics whose product name is “original liquid” (“原液” in mandarin Chinese)...
Chinese Mainland
Pre-market Approval
Labeling/Claim/Advertising
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