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Q&A
As economies around the world are struggling, a finance expert believes cosmetics companies will have a harder time securing funds.
CosmeticsDesign spoke with Jennifer Palmer, CEO of eCapital Assets Based Lending about what cosmetics and personal care financing may look like going into a tumultuous economic climate.
The interview originally focused on the natural personal care market but branched out to the industry more broadly.
To start out, can you give me a rundown on what the cosmetics personal care financing market looks like in 2022?
We certainly should talk about the trends that are affecting the market first. This industry is obviously not immune to all of the challenges that so many companies are facing. The industry is facing inflation, higher cost to produce and ship goods, labor shortages, supply chain issues and the ongoing pandemic, which all effects the world of financing.
The line between medical and cosmetic can be thin when it comes to skin conditions, and some botanicals maybe mean a topical answer to atopic dermatitis.
A research team out of Malaysia, Vanessa et al., recently published a review in Cosmetics of moisturizing additives for atopic dermatitis treatment.
Among the ingredients were a number of botanicals and natural extracts which may show promise in treating the most common form of eczema.
“The modern use of moisturizers to improve barrier repair and function is of great value,” Vanessa et al. said. “One of the approaches includes incorporating bioactive ingredients with clinically proven therapeutic benefits into dermocosmetics emollient.”
Cosmetics professionals have heard that consumers are increasingly interested in botanicals, and recent consumer studies back that up.
The Plants Based Product Council released its 2022 consumer research this week, offering consumer insight into the interest in plant-based products in the United States.
“This year’s consumer research findings really underscore that the majority of American consumers are thinking about, buying and using plant-based products,” Executive Director Jessica Bowman said in the study’s press release. “Awareness has been one of our biggest hurdles as an industry – this year’s findings show that we are overcoming that.”
Here are nine stats from the report that cosmetics professionals may find interesting.
Cosmoprof features hundreds of finish products vying for the attention of buyers, but the show also reveals some trends in consumer products.
Coffee can give the energy of a younger person, and it might just do the same for skin and hair.
A recent study published in Cosmetics, written by Nisakorn Saewan out of Thailand, sought to define the mechanisms by which coffee berry extract may work as a skin anti-aging and anti-hair loss active ingredient.
While Saewan notes that previous research has explored the impacts of coffee extract and there are cosmetics on the market containing the ingredient, research is light on the specific effects of the extract’s two main compounds, caffeine and chlorogenic acid.
“Our findings confirmed that coffee berry extract has high potential to be used as an active ingredient for skin anti-aging, anti-hair loss and hair growth stimulation in not only skincare but also hair care product applications,” Saewan said.
