News & Analysis on Cosmetics Innovation
Germany-based consumer goods company Henkel has reported strong growth in its business for the latest quarter and full year, on the back of significant gains from cosmetics and toiletries.
Innovation will be key to beauty brands gaining consumer confidence in spending on beauty products in 2011, thanks to the economic picture and frugal spending habits picked up over time, according to Mintel.
Germany experienced a “significant increase “ in turnover for aluminium packaging across cosmetics as well as food and pharmaceuticals in 2010 as the sector recovered from recession, said the national trade body.