Increasing Demand for Personal Skin Products Anticipated to Generate Continued Market Growth
PALM BEACH, Florida, October 24, 2017 /PRNewswire/ --
According to a report issued by ReportLinker [https://www.reportlinker.com/p05112181/Cosmetic-Skin-Care-Market-Global-Industry-Analysis-Trends-Market-Size-Forecasts-to.html ] , the global Cosmetic Skin Care market was worth USD 130.7 Billion in 2016. The report predicts the global Cosmetic Skin Care market to grow with a CAGR between 4.7 % and 5.3 % from 2017 to 2023. Additionally according to the Professional Skincare Products market research information, a large number of Global Skincare Products companies are increasingly focusing on creative solutions with advanced cosmetic skincare products efficiency and features to improve risk evaluation for faster and effectual business operations. Developing news and events in the industry today are headlined by: Ulta Beauty, Inc. (NASDAQ: ULTA), Wal-Mart Stores, Inc. (NYSE: WMT), Trimax Corporation, Inc. (OTC: TMXN), Costco Wholesale Corporation (NASDAQ: COST), Target Corporation (NYSE: TGT)
Trimax Corporation, Inc. (OTC: TMXN) and its wholly owned subsidiary Saavy Naturals Inc., is pleased to announce the creation of a new line of quality cost effective body care products geared towards big-box retailers and their consumers.
Saavy Naturals Everyday is the company's answer to repeated demands for a quality, all-natural body care line, that will set the bar for luxurious body care products that can be purchased at a cost conscience price. Saavy Naturals expects Saavy Naturals Everyday and its new soaps, lotions and bath bombs to be easily accessible to consumers under its own brand and marketing label at various big-box retailers over the next several weeks. Read this and more news for TMXN at http://www.marketnewsupdates.com/news/tmxn.html
The Company is also pleased to announce the appointment of Beverly Hills, CA-based Diversified Repackaging a/k/a US Merchants ("USM") as their exclusive representative for the branding, marketing, packaging and distribution to Walmart(R) for the Saavy Naturals Everyday product line.
US Merchants packages and distributes popular consumer products onto palletized displays. Their products are carried by national retailers such as Costco Wholesale Corporation (NASDAQ: COST), Sam's Club(R), B.J.'s(R) Wholesale Clubs, Wal-Mart Stores, Inc. (NYSE: WMT) and Target Corporation (NYSE: TGT). The company also manufactures a popular line of plastic consumer storage containers under the Greenmade(TM) brand name that are sold at major retailers across the United States. As a vertically integrated company, USM's success was forged in part because the company offers customers a turnkey solution that includes everything from package and graphic design to manufacturing and distribution. This enables them to offer clients a superior level of quality and service. Over the years, the company has built strong relationships with retail buyers and executives, who rely upon USM not only for services, but also for advice about nearly every aspect of retailing, packaging and distribution. Today, USM operates from a corporate office located in Beverly Hills, CA, and five manufacturing, packaging and distribution facilities throughout North America.
In other Skincare market activity of note from around the industry:
Ulta Beauty, Inc. (NASDAQ: ULTA) is the largest beauty retailer in the United States. It operates 1,010 retail stores in 48 states and the District of Columbia. "Ulta Beauty is revolutionizing the beauty experience for all by providing all things beauty in one place, " said Casey Foxen, who manages all grand openings for Ulta Beauty. "We are truly a premiere beauty destination for Bartlesville, and our Ulta Beauty experts are ready to help guests explore and lose themselves in the world of beauty." Ulta Beauty offers makeup, skincare, fragrances, hair car, professional hair tools, nail and the Ulta Beauty Collection, which includes makeup, skincare, bath/body and haircare.
Costco Wholesale Corporation (NASDAQ: COST) is now carrying a Korean beauty product that's already a cult fave - Mizon's All-in-One Snail Repair Cream. The All-in-One Snail Repair Cream is formulated with 92 percent snail extract, and according to Peach and Lily, it hydrates, helps improve the appearance of fine lines, and helps reduce the appearance of acne scarring and blemishes. They also say that it's ideal for oily and acne-prone skin types, but those with drier skin can use it as well, as long as a moisturizer is applied directly after.
Wal-Mart Stores, Inc. (NYSE: WMT) is expanding its program to clean up the products it sells, setting a 2022 target for reducing potentially harmful substances and widening the list of chemicals it wants to avoid. The world's largest retailer aims to reduce the chemicals in products such as household cleaners, cosmetics, skin care and infant items by 10 percent by then, according to a company statement Wednesday. It's also added some fragrance allergens to its so-called priority list of substances it wants to remove from goods. The new goal is the latest in the retailer's efforts to respond to consumers seeking greener products and more information about what's in them.
Target Corporation (NYSE: TGT) has been leading the pack in natural beauty offerings for years. Since its 2010 exclusive launch of SheaMoisture's hair-care line the store has focused heavily on differentiating its beauty offerings from other drugstore competitors by integrating lesser known, mid-priced brands into its offerings, focusing especially on those with natural beauty messages. Brands that have become segment staples, like S.W. Basics, W3ll People, Fig + Yarrow, Pacifica and natural deodorant megabrand Schmidt's have all increased their profile, thanks to prominent placement in Target's roster.
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