Category Archives: Public Health & Caring Center

237 companies worth $6.3 trillion in market cap now backing climate-risk disclosures

Thanks;Ciara Linnane

Published: Dec 12, 2017 3:22 p.m. ET

Task force seeking voluntary climate disclosure has more than doubled its support base since June

The Atlantic hurricane season broke records in 2017.

The Task Force on Climate-related Financial Disclosures (TCFD) now has 237 companies with a combined market capitalization of more than $6.3 trillion that have publicly committed to its goals, according to its head, Michael Bloomberg, the former New York mayor and entrepreneur.

The TCFD was established by the group of global regulators known as the Financial Stability Board, chaired by Bank of England Gov. Mark Carney, and published its recommendations in June with the aim of encouraging companies to help investors understand the risks to their investments from temperature change, rising sea levels and natural disasters.

The companies that have signed up include more than 150 financial firms with assets of more than $81.7 trillion, the TCFD said in a statement released at the One Planet Summit hosted by French President Emmanuel Macron. The summit marks the two-year anniversary of the Paris Climate agreement, which seeks to limit the global temperature rise to below 2 degrees Celsius by reducing greenhouse emissions. President Donald Trump has pledged to pull the U.S. from the Paris Agreement, dismaying climate activists but spurring a greater effort from the private sector to push through its goals without government help. Insurers have said anything higher than a 2 degree-temperature increase would make the world uninsurable.

In case you missed it: U.S. health insurers are in a state of denial about climate change

The companies span a broad range of industries and sectors, from construction to consumer goods, energy, metals and mining, as well as the full capital and investment chain, from companies that issue debt and equity to the largest credit rating agencies and stock exchanges. The list includes Bank of America Corp. BAC, +1.31% , BlackRock Inc. BLK, +1.09% , Citigroup Inc. C, +0.40% JPMorgan Chase & Co. JPM, +1.16% , Morgan Stanley MS, +2.05% and investors including the New York City Employees’ Retirement System, among others.

http://www.marketwatch.com/video/series/moving-upstream/carbon-from-pollutant-to-product-moving-upstream/5C40BD50-48B0-4401-A2EB-408133634887

“Climate change poses both economic risks and opportunities,” said Bloomberg. “But right now, companies don’t have the data they need to accurately measure the risks and evaluate the opportunities. That prevents them from taking protective measures and identifying sustainable investments that could have strong returns.”

Read now: In Trump era it’s up to companies to push climate agenda, advocates say

The movement won a victory late Monday, when energy giant Exxon Mobil Corp.XOM, -0.33% said it would disclose details on how climate change may affect its business, bowing to pressure from shareholders who voted 62% in favor of a resolution on climate change at its annual shareholder meeting this year.

Companies are expected to start making the first disclosures in the coming year and the TCFD will report on their progress this time next year at the G-20 summit in Argentina, said Carney.

The task force is also planning to launch a web-based platform to further support companies that are interested in implementing its recommendations. The TCFD Knowledge Hub will go live in the first quarter and be available via 222.tcfdhub.org.

The S&P 500 SPX, +0.15% has gained 19% in 2017, while the Dow Jones Industrial Average DJIA, +0.49% has gained 24%.

Read now: Axa to spend €1.2 billion to fight climate change

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This city has the most ultra-rich residents in the world

Thanks; Fang Block

Published: June 27, 2017 7:02 p.m. ET

The New York City metro area had 8,350 residents with a net worth of at least $30 million in 2016.

The New York metropolitan area remains the top magnet for the world’s ultra rich, attracting 8,350 residents with a net worth of at least $30 million in 2016, according to a Wealth-X report released Tuesday.

Compared with 2015, the ultra-high-net-worth individuals residing primarily in New York, New Jersey and Pennsylvania grew 9.6%, according to the World Ultra Wealth Report 2017 by Wealth-X, a global wealth information and insight business provider.

Hong Kong and Tokyo remained the second and third most popular global cities for the ultra rich; London and Paris ranked fifth and sixth.

London was the only top-10 city to register a decline in its ultra wealthy population, as wealth levels took a hit from currency weakness and Brexit-related concerns.

Worldwide, the ultra-rich population grew by 3.5% to 226,450 in 2016, representing a strong rebound from last year’s sharp fall of 7.1%.

However, there were significant regional fluctuations, with North America and Asia Pacific recording a rise in the number of the ultra rich and their overall fortunes, while the rest of the world saw a decrease in wealth creation.

Other major findings in the report include:

• The combined wealth of the ultra rich, which comprises just 0.003% of the global adult population, increased 1.5% year-over-year to $27 trillion.

• Almost half of the global ultra wealthy population (108,610) had a net worth of between $30 million and $50 million.

• The number of billionaires declined 3.1% to 2,397; their combined net wealth dropped 3.1% to $7,400 billions.

• Latin America and the Caribbean suffered double-digit falls in its ultra wealthy collective wealth, with the population decreasing 3.4% to 6,850.

• Liquid assets, primarily cash, owned by the ultra wealthy stood at $9.6 trillion in 2016, accounting for the largest share (35.4%) of their holdings.

Top 100 City Destinations Ranking: WTM London 2017 Edition

Thanks;Wouter Geerts

Published;NOVEMBER 7TH, 2017

Euromonitor International is pleased to release its annual Top City Destinations Ranking, covering 100 of the world’s leading cities in terms of international tourist arrivals. For the first time, the Top 100 City Destinations Ranking 2017 Edition was unveiled at World Travel Market (WTM) London, the leading travel and tourism event worldwide. This year’s report includes forecast data up to 2025 and incorporates future travel trends to give further insight on how travel trends are borne out of the opportunities and challenges that cities face.

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According to the report, Hong Kong was the most visited city in the world, benefiting from its strategic location and relationship with China, followed by Bangkok, which has overtaken London in 2015. Asian cities dominate the global destination rankings thanks to the inexorable rise of Chinese outbound tourism. In 2010, 34 cities from Asia Pacific were present in Euromonitor International’s ranking. This jumped to 41 cities in 2017 and is expected to grow to 47 cities in 2025. Asia Pacific is the standout region that has driven change in the travel landscape and is expected to continue doing so in the coming decade with Singapore overtaking London as the third most visited city in the world by 2025 making the podium fully Asian.

On the contrary, the performance of European cities has been hampered by several events in recent years, including the Eurozone and migrants crisis, as well as Brexit and terrorist attacks. Despite the uncertainty, some European destinations, in particular Greece, Italy and Spain have profited from unrest in the Middle East and North Africa (MENA), as they offer a similar climate to countries affected by unrest such as Turkey, Egypt and Tunisia.

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Performance in the MENA region has fluctuated greatly in recent years, however Euromonitor forecast data show a recovery for the region in 2017 and beyond. Most noteworthy, it is expected that Egypt will register growth in 2017, after a strong decline in 2016. While the Middle East and North Africa’s main challenges are wars and border disputes, Africa is looking to do the reverse: opening borders and enhancing collaboration with the African Union’s plans towards seamless border. African leaders are seeing travel and tourism as a way to boost the economic prosperity of the continent.

In stark contrast to Africa, the plans towards stronger border controls might weight heavily on America’s performance. Although seeing positive growth, US arrivals witnessed a slowdown in 2016 due to a strong dollar and political uncertainty surrounding the US elections. According to Euromonitor International’s Travel Forecast Model, if the US drops out the NAFTA and imposes a 35 percent tariff on Mexican imports, followed by Mexican retaliation, the impact on inter-regional travel would be considerable. New York, the most visited city in America and the only US city in the top ten most visited city ranking, has revised its 2017 forecast expecting a potential fall of 300,000 visitors, as a worst case scenario.

 

The top ten most visited cities are:

1. HONG KONG: 26.6 MILLION VISITORS

2. BANGKOK: 21.2 MILLION VISITORS

3. LONDON: 19.2 MILLION VISITORS

4. SINGAPORE: 16.6 MILLION VISITORS

5. MACAU: 15.4 MILLION VISITORS

6. DUBAI: 14.9 MILLION VISITORS

7. PARIS: 14.4 MILLION VISITORS

8. NEW YORK: 12.7 MILLION VISITORS

9. SHENZHEN: 12.6 MILLION VISITORS

10. KUALA LUMPUR: 12.3 MILLION VISITORS

Source: Euromonitor International

 

Euromonitor International’s report drills down into the detail of the figures to highlight why some cities are performing better than others and how emerging trends are going to re-shape the travel industry and disrupt the ranking up to 2025.

Some of the key emerging travel trends identified by the report are:

Asia – Cashless Asia

Cities as Digital Investments

To ensure continued arrivals growth and sustainable expansion, Asia cities are streaming ahead with initiatives to become smart cities. A big step towards as “smarter” society and economy is the growth of digital payment facilities. Cryptocurrencies are here to stay. The impact on the travel industry could be immense, not only in the way people travel, but also by simplifying smart contracts.

Europe – Angels and EU-nicorns

Cities as a Start-Up

While overcrowding represents a key issue in many European cities, there is a growing drive amongst start-ups in Europe to address other pain points in travel. Some of the largest start-ups in travel originate from the US. However, the US is increasingly competing with European hubs for start-up talents and investment.

UK – Rail Revolution

Cities as connectors

Over half of the international travelers coming to the UK visit London. There is a major gap between London and the second city, Edinburgh, which has less than 10% of London’s arrivals. Making the rest of the UK more accessible is an important focus of the UK’s strategy with rail a key focus to achieve a better connectivity and movement of international visitors.

Americas – Recognize that face?

Cities as hubs of innovation

As part of his policy to tighten border control, US President Donald Trump has ordered increased speed in implementing biometric scanners at airports. The travel industry is not only looking at the face to merely identify a traveler, but also to tell travel players what it wants, through speech and emotion. Voice is widely lauded as the latest frontier, which would have big implications for travel.

MEA – Looking beyond borders

Cities as entry points

Performance in the Middle East and Africa has fluctuated greatly due to unrest in many countries. However, 2017 is expected to be a good year across the board. Dubai seems insulated from all the turmoil that is going on around it. The city’s tourism industry is booking and is adopting new technologies at rapid pace. Johannesburg is the only Sub-Saharan Africa city in the ranking. However, tourism is considered a pillar of its economic growth strategy and the city is investing heavily in technology.

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Beauty and Personal Care in Australia Sees Strong Demand from Chinese Consumers

Thanks;Tim Foulds

Published;OCTOBER 30TH, 2017

Australia’s beauty and personal care market was supported by Chinese consumers, both local and international, who view Australian products with high regard. Chinese consumers are attracted to Australian products, not only in beauty and personal care but also in other industries including consumer health and packaged foods, which is due to the country’s clean and green reputation, strict regulations and quarantine control. Chinese consumers snapped up Australian-made beauty brands, particularly in skin care and bath and shower, with this trend supporting overall growth of the industry in 2016. Brands that resonate well with Chinese consumers are typically naturally positioned and feature natural ingredients.

Australian companies looked to capitalise on Chinese demand for Australian products, focusing on expanding their Chinese distribution as well as tailoring their products and retail stores to suit Chinese consumers. In 2016, chemist/pharmacy Amcal launched a Mandarin Chinese language version of its website, with the new store to ship orders from Australia to China. Australian online premium beauty retailer Adore Beauty opened a store on Chinese online platform Alibaba in 2016; however, the store was closed six months after opening, with the company to consider other channels to connect with Chinese consumers. Australian brand Goat Soap has become popular amongst Chinese consumers, with trade press reporting that the brand made AUD1 million in sales on China’s Singles’ day in 2016 through the company’s store on the Tmall platform.

Outlook

The demand for Australian products is not expected to wane, with Australian-made and -owned companies to maintain their strong reputations locally and abroad. Australian-made products are more trusted and perceived as higher quality, with consumers willing to pay a premium for Australian-made. Australian companies will continue to focus on their China strategies, with an increasing number of sales expected to occur in China direct to consumers through Chinese e-commerce sites Tmall and JD.com. An increasing number of Australian companies and retailers have opened their own sites through these channels, as they look to capitalise on the demand from Chinese consumers.

China provides promising export opportunities for Australian beauty and personal care companies, particularly given the challenging operating conditions in Australia with the high level of discounting activity. Natural skin care company BWX has seen success with its skin care brand Sukin, which has been performing strongly through drugstores/parapharmacies in Australia. The brand is a cruelty-free and vegan range featuring natural ingredients. BWX has been eyeing the Chinese market and has established Sukin flagship stores on online retailers JD.com and Tmall, as the company looks to increase brand awareness among Chinese consumers. Pental Products is also focusing on its China strategy through the export of its Australian-made Pental products, including its Country Life and Velvet soaps. The company has launched “The Australian Country Life” brand of goat’s milk soap for export to China, specifically tailored to this market.

New Lifestyles System Data: 2017 Global Consumer Trends Survey Results

Thanks;  Euromonitor Research

Published; SEPTEMBER 28TH, 2017

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We are excited to announce that the latest consumer survey results from the 2017 Global Consumer Trends survey are now live in the Lifestyles dashboard in our Passport database. Euromonitor International’s Global Consumer Trends surveys help companies stay ahead of a fast-changing consumer landscape by reaching out to internet-connected consumers from across the globe, then translating the results into comprehensive analysis and actionable opportunities.

Euromonitor International’s latest Global Consumer Trends survey data reveals a multitude of information about the 2017 consumer. With a global environment of rapid change and constant innovation, it is no surprise that consumer’s lifestyles are adapting quickly. The megatrend analysis enables Euromonitor International to identify emerging trends, while also monitoring how long-term megatrends are shaping the world. These megatrends are applicable to this year’s survey results.  Read on to learn more about the five key trends shaping consumer lifestyles.

Experience More

Millennials lead the way in trading the accumulation of things for experiences, particularly authentic, international travel opportunities. However, all consumers of all ages are looking for more time to relax.

Middle Class Retreat

Shopping preferences vary widely across markets and consumer segments, with some focused on buying fewer, high quality products and others succumbing to the pull of bargain hunting.

Connected Consumers

Consumers must now balance the benefits of ever-present internet access with added stresses and challenges to focus on “real world” activities.

Healthy Living

While consumers across the globe have nearly-endless access to health and wellness information, those with higher education are most likely to take advantage of tech advancements and opportunities to research and monitor their health.

Premiumisation

Meal preparation from scratch is often the first thing to go as consumers juggle priorities, particularly among younger consumers who are more likely to turn to meal preparation kits or delivery / takeaway options that offer convenience and premium ingredients.

To learn more about the latest Lifestyles trends, download our free survey extract or request a demonstration of Passport. If you’re a current client, the full system refresher highlighting key survey findings across all major consumer lifestyles areas can be found in the Lifestyles system in Passport.

 

Most Americans can’t kick this habit, and it’s killing them

Thanks;Ilene Raymond Rush

Published;Aug 24, 2017 1:52 pm ET

*Should you give up sugar?

This article is reprinted by permission from NextAvenue.org.

With obesity on the rise and high rates of Type 2 diabetes, more people are attempting to give up sugar. It isn’t easy. Although scientific opinion is far from unanimous, there is tantalizing evidence that sugar can be as neurologically rewarding as some addictive drugs, helping to explain why it’s so hard to kick the habit.

Even figuring out how much sugar you eat is tricky. As Gary Taubes points out in his book, “The Case Against Sugar,” the sweet stuff appears in everything from breakfast cereals to tobacco. And sugar can evade even careful label-readers, masquerading as glucose, fruit juice concentrate, high fructose syrup and sucrose.

75 pounds of sugar a year

According to the U.S. Department of Agriculture, average consumption of added sugars amounts to about 75 pounds of sugar per person a year.

Taubes find the widespread idea of sugar as simply “empty calories” naïve. Instead, he sees sugar as having specific and possibly harmful effects in the human body.

“Different carbohydrates, like glucose and fructose, are metabolized differently,” he says, “leading to different hormonal and physiological responses. Fat accumulation and metabolism are influenced profoundly by these hormones.”

“People act as though all that matters is the dose, but when you talk about sugar like any other drug you have a paradigm shift,” says Taubes. “Why does Zoloft [an antidepressant] do something different than Lipitor [used to lower cholesterol]? No matter what dose we give a patient of Lipitor, it’s never going to be an antidepressant.

“We keep talking about what’s the right dose of sugar rather than how it works in the body,” Taubes says. “We need to look at it differently.”

Sugars for fats: a poor trade-off

“I think we’re just starting to understand the short- and long-term problems that increased sugar intake can cause to the human body,” says Dr. David Becker, associate director of the preventive and integrative heart health program at the Temple Heart and Vascular Institute in Philadelphia. “From the heart point of view, sugar raises [unhealthy] triglycerides, lowers [healthy] HDL and causes something called metabolic syndrome, a condition where the body can’t process things normally. As we get older, this is as powerful a risk factor as high cholesterol, which causes an increased risk of hypertension and hyperlipidemia and sets the body up to have [a heart attack] over time.””

The dilemma is that “we traded one problem for another,” says Becker. Over the years, in giving up cholesterol, people turned to processed foods that were low in saturated fat but high in sugar.

“But because cholesterol is bad, that doesn’t mean sugar is good. They’re both bad for you,” Becker says.

So what should people eat?

Becker suggests the Mediterranean diet — which is high in healthy fats, proteins and complex carbohydrates such as legumes or whole grains — as one option.

“Diets have been operating between polar extremes,” says Becker. “On one end, there is the Ornish plan, which cuts fats below 10%, which means people eat more junk carbs such as white breads, pasta and sugar, to make up for missing calories. Then there is the Atkins diet, which is very high in saturated fat. I believe we need some balance.”

‘Stepping down’ from sugar

“You can definitely live without sugar,” says Susan Renda, assistant professor of community and public health at Johns Hopkins Medical School. “Mainly, it’s a source of quick energy that rapidly raises blood sugar. If you’re running a marathon, you might need that burst of energy, but in most cases you don’t.”

For those who can’t go cold turkey, Renda advises a “step-down” approach.

“First, be aware of the foods you’re eating. Sugar is everywhere, even in bread, where high fructose corn syrup can be used to help the yeast grow. People aren’t aware of how much sugar they consume.”

Then, she recommends substitutions.

“Pick a processed or refined carbohydrate and substitute a food of the earth, something closer to its natural state,” says Renda. “If you eat ice cream every night, consider substituting a handful of grapes or a few nuts three nights a week.”

Her third step is to work hard to enjoy whatever food you select.

“We tend to eat things we like very quickly. Choose a corner of a bar of dark chocolate — which is healthier than milk chocolate — and eat it very, very slowly,” says Renda.

Skip the soda

Becker finds that the simplest tip for many people is to watch what you drink.

“Sugary sodas are the most harmful — you can have 10 teaspoons of sugar in a single can. And fruit juices aren’t much better,” he says. “Get back to water, and if you must, put a tiny bit of fruit juice in it. It’s something that cuts down the calories and makes a huge difference.”

Despite Becker’s best advice, he admits that not many of his patients abandon sugar completely.

Don’t miss: Still not losing weight? These may be the reasons why

“We need a lot of educating,” he says. “People like things that taste good. But this is a condition that can be cured. Try a sugar purge for a couple of weeks — people say that within two or three weeks they lose the taste for sugar really quickly.”

Ilene Raymond Rush is a health and science writer whose work appears in the Philadelphia Inquirer, Diabetic Lifestyle, Diabetic Living, Good Housekeeping, Weight Watchers Magazine, Philadelphia Magazine and many other publications. She lives in Elkins Park, a suburb of Philadelphia, with her husband and overweight schnauzer, Noodle.

Canada: Consumer Lifestyles in 2017

THANKS;Jennifer Elster / EURO-MONITOR INTERNATIONAL

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In contrast to recent years, consumer confidence has strengthened based on an improving economy, supporting growth, albeit slow growth, in consumer spending. Rising levels of spending have also been reflected in greater comfort in consumer borrowing, but rising household debt has become a concern. High house prices have discouraged younger consumers from jumping on the property ladder and slowed demand for a wide range of household items. Younger consumers are driving growth in online shopping.CL2017-CA

People in this Swedish town gather in a ‘Solar Egg’ sauna instead of having town halls

Thanks;Leanna Garfield

Published ; Jun. 21, 2017, 5:41 PM

The Solar Egg by Bigert & Bergström.Jean-Baptiste Béranger

On the western border of Kiruna, Sweden, the state-owned mining company, LKAB, has been extracting iron ore from the Kirunavaara mountains for over a decade. But the long-term mining has caused fissures that are creeping closer to the city center of Kiruna.
Now, LKAB — which also founded the Arctic town in 1900 — is funding Kiruna’s relocation nearly two miles east, so that it can continue mining in the mountains.
Moving an entire town is no easy task and requires lengthy discussions with officials, the mining company, and residents. Local architects from Bigert & Bergström have designed one place where those talks can take place: a golden, egg-shaped sauna. 
Completed in late April, the sauna is a place for locals and officials to unwind and discuss questions and concerns about Kiruna’s relocation, the firm told Business Insider.


Located in Kiruna, Sweden, the Solar Egg is a sauna that’s free for anyone to use.

Visitors can book time in the saun ~> https://instagram.com/p/BTI25TCB8px/

By Jean-Baptiste Béranger

Its exterior is made of reflective sheets of plexiglass that were painted gold.


By Jean-Baptiste Béranger

The interior walls are made of pine ….

… and the benches from aspen wood. In the center, there’s a wood-powered stove made from iron and stone. The temperature inside can range from 167 to 185 degrees Fahrenheit (75 to 85 degrees Celsius).


Jean-Baptiste Béranger

The space, which fits up to eight people, is meant to serve as a local meeting place to discuss Kiruna’s relocation plan. “The egg shape seeks to symbolize rebirth and new opportunities at the start of Kiruna’s urban transformation,” the architects said.

Jean-Baptiste Béranger

To avoid being swallowed by the mine, Kiruna will need to move nearly two miles east. The Stockholm-based firm White Architects will be in charge of moving the town, where approximately 23,000 people live. Below is a rendering of what the new city center may look like:


Producing 90% of all iron in Europe, Kiruna’s mine has become the world’s largest iron ore extraction site. LKAB is also the biggest energy consumer in Sweden.
 
“It’s a dystopian choice,” Krister Lindstedt, a partner at White Architects, told The Guardian. “Either the mine must stop digging, creating mass unemployment, or the city has to move – or else face certain destruction. It’s an existential predicament.”Jean-Baptiste Béranger/Source: The Guardian

Later this summer, the Solar Egg will move to Nikkaluokta, a Swedish town about 45 miles west of Kiruna.

Evolving Trends and Hottest Ingredients in Sun Protection

THANKS:Maria Coronado Robles/EURO MONITOR INTERNATIONAL

Published; JUNE 18TH, 2017

As consumers are shifting to healthier lifestyles what is inside the products is becoming more important. More than ever before, consumers are questioning the ingredients and their sources and this is having an impact on the ingredients market.

Protection at the heart of consumer preferences

In a little over 50 years, the sun protection industry has evolved tremendously in both the level and type of protection and the aesthetic properties of the products, driven by consumer needs and technological advances, such as new encapsulating technologies and delivery systems. This has allowed companies to feed consumers with more attractive products that protect from a wide range of new environmental and technological stressors, from sun radiation to air and light pollution.

Change with your customers

The world is constantly changing and sun protection is no longer limited to traditional sun care products. Consumers are increasingly aware of the effects of UV radiation on skin health and appearance all year around and this is driving demand for sunscreen ingredients worldwide. Sunscreens are becoming essential ingredients in a wide range of products, from traditional sun protection and daily skin care to hair care, colour cosmetics and bath and shower products. As a result, there are an increasing number of new products and claims reaching the market. Perhaps one of the most interesting launches is Dr Russo Facial Cleanser SPF 30, with three encapsulated chemical UV filters (octocrylene, ethylhexyl methoxycinnamate and avobenzone) that remain on the skin once the cleanser is washed off, providing a protective layer.

Aware of the heterogeneous landscape of consumer lifestyles, preferences and needs across the globe, sun protection manufacturers are now targeting specific market segments. Multicultural products designed for different skin tones and environmental conditions or sports products designed for active lifestyles are gaining attention among consumers. In response, companies are launching specific sunprotection lines to cover this gap in the market. For instance, the natural brand UNSUN has launched its Sun Protection For All Skin Tones that do not leave whitening residue; Happy Skin is selling in Filipinas its Catch the Sun line with moringa seed oil that protects against UV rays and pollution and Lancaster is using its new Full Light Technology that can now be found in Lancaster’s Sun Beauty line.

More from less is driving consumer purchases in sun protection

Growing consumer and industry interest in multi-functional products is driving demand for ingredients that can serve multiple functions in their formulations. In fact, according to Euromonitor Beauty Survey, the use of multifunctional ingredients is among the top ten reasons to purchase sunscreens or dedicated sun protection products worldwide.

REASONS FOR PURCHASING SUNSCREEN OR DEDICATED SUN PROTECTION PRODUCTS

reasons-for-purchasing-sun-protection

As consumers increasingly want sun protection products that go beyond simple UV protection, there is a growing need for multifunctional ingredients and simpler formulations. Ingredients suppliers are developing ingredients able to play different roles in the formulation, from UV, light and pollution protection to anti-ageing, skin conditioning and benefiting agents.

Synthetic polymers with multiple functions and benefits such as film formers for better UV and pollution protection, as well as water and sand resistance, are expected to grow by 1,000 tonnes in the global sun protection market over 2015-2020. In this context, Covestro has launched a new waterproof polymer for transparent sun protection that shows an SPF-boosting effect. Demand for emollient esters with excellent spreadability on the skin – able to solubilise organic sun filters and disperse inorganic sunfilters, which also offer a barrier to the natural moisture loss from the skin and improve the sensorial sensation – are expected to grow globally by 2,000 tonnes in the sun protection market between 2015 and 2020. Vitamins and botanicals and especially plant extracts with antioxidant, anti-inflammatory andanti-pollution properties that boost SPF, provide UVA protection and have added skin benefits, are getting a lot of attention from both consumers and manufacturers.

Blending multifunctional actives with multiple claims is an increasingly appealing option which also fits the clean label trend. It enables manufacturers to use less ingredients which ultimately have a positive impact on the manufacturing process and the price of the product. In addition, this makes it easier for consumers to understand what is in their products.

Products that offer multiple properties are especially appealing to the youngest generations of consumers for whom pricing plays an extremely important role. Consumers that belong to Generation Z and especially those who live in developing countries are more likely to purchase sun protection products with multifunctional ingredients than those living in developed countries. These consumers with lower incomes own fewer products and thus want effective and cost-effective formulations with multifunctional ingredients that provide all-in-one integrated solution.

PERCENTAGE OF CONSUMERS WHO BUY SUNSCREEN OR DEDICATED SUN PROTECTION PRODUCTS WITH MULTIFUNCTIONAL INGREDIENTS

percentage-of-consumers-who-buy-sunscreen-with-multifunctional-ingredients

In developing countries such as India, Indonesia and Brazil, where the highest growth in sun protection is expected, between 30% and 40% of consumers opt to buy sunscreen products with multifunctional ingredients, while only 10% of the consumers in Australia, Japan and South Korea consider ingredients’ multifunctionality a key product feature

Opportunities in Western European sun protection

There is an increasing demand for healthier, safer and more effective sun protection products with improved spreadability and lighter textures which offer non-whitening, broad and long lasting sun, light and water protection. This has brought some challenges that the industry has turned into opportunities for a wide range of ingredients to meet consumer needs for convenience, protection and enhanced aesthetic appeal.

In Western Europe, the emphasis on protection is driving demand for a number of sunscreen ingredients, synthetic polymers, botanicals and vitamins, while the desire for easier application and better skin feeling is fuelling demand for emollient esters and hydroalcoholic formulas which tend to be lighter and dry faster.

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Sunscreen ingredients present huge opportunities for volume gains. Although there is a strong growth for ZnO in Western Europe due to the new regulation in place which approves the use of ZnO as UV filter (in its nano and non-nano form), the absolute growth in volume projected for mineral filters is still far lower than that expected for chemical filters. Homosalate is the UV filter which benefits the most from the high SPF trend due to its affordability, its high legal limits in sun protection formulations, its compatibility with other filters and its ability to dissolve and stabilise solid filters such as avobenzone.

Emollient esters with enhanced UV filter solubility and attractive skin feeling are ingredients that present big opportunities for growth. Although synthetic polymers and botanicals which also offer pollution and UVA protection offer smaller opportunities for growth in absolute volume, they are projected to grow at the fastest rate driven by the trend towards natural ingredients and the growing number of anti-pollution sunscreen product launches. Besides this, high-value ingredients such as peptides present further opportunities for growth in the forecast period (2015-2020).

What’s next for sun protection?

Global demand for multifunctional, full protection and long lasting products with increased sunscreen sensoriality, lighter touch and greater spreadability is projected to continue. The major challenges in the years to come are related to the need for safer and more effective sunscreens with fewer and more natural ingredients. Companies are now performing research to optimise the UV delivery systems and to improve the photostability, efficacy and wash-off resistance of the active ingredients with no detriment to aesthetic properties.

The new wave of products that goes beyond UV protection is expected to continue and this provides opportunities for novel ingredients with pollution and full light protection claims to enter the market. For instance, Indena has launched Vitachelox and antipollution active with botanical compounds andGreentech is marketing Soliberine with Buddleja Officinalis flowers that stimulate cellular detoxification systems and protect against blue light and IR rays.

Further studies are being conducted to look for natural alternatives to synthetic UV filters. In this context, the growing desire for natural and skin microbiome-friendly ingredients among consumers, with the recent penetration of probiotics in the skin care market, opens up opportunities for bio-derived sunscreens to reach the market in the long term. Although promising, however, the development of bio-UV filters that emulate bacterial natural sun protection mechanisms is a long and expensive road with many technical and regulatory barriers, especially in the US where SPF products are regulated as drugs and the process of getting approval for new ingredients is an overcomplicated path.

5 Things to Know About the Global Coffee Pods Market

Thanks ; 
Published ; May 8th, 2017

Euromointor International discusses five key trends that are shaping global coffee pods, including the growing power of Nestlé and JAB Holdings and the importance of addressing sustainability concerns.

5 Things to Know About the Global Coffee Pods Market

 

 

 

*a coffee pod is a single serving of coffee packed in its own filter (much like a tea bag).