28-29 Oct, 2014 - Mexico City, MEXICO
JW Marriott Hotel Mexico City
JW Marriott Hotel Mexico City
|
|---|
Euromonitor predicts that growth of the economy as well as the population in Latin America will boost the region's body care segment. Brazil, Chile, Colombia and Mexico are the four biggest economies in the region that will drive growth in this segment.
Brazil has been registering positive growth trends but a weak economy might be a dampener in the growth forecasts for the body care category. Nevertheless, Euromonitor predicts sustained growth in the next five years up to 2017. Brazil is expected to witness market growth of 12.4% with a market value of €1.17bn while Chile's market will grow 6.9% at a market value of €135m.
Colombia will register 9.2% growth with a market value of €206m and Mexico will register 6.2% with a market value of €616m.
The research firm also expects that per capita spend will almost double in the five years to 2017 in all 4 markets, although the increase is from a relatively low base.
Colombia will witness the biggest increase in spending. Currently, Colombia's average consumer spends €1.60 per capita on body care products, which is expected to hit €3.10 by 2017.
The per capita spend in the body care category in Brazil is estimated to be €2.27 currently, and it is expected to rise to €4.27 by 2017.
More on body care and other personal care trends will be discussed at 2nd LATAM Surfactants HPC Markets opening on 28-29 October, 2014 in Mexico City.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
Skin care major Beiersdorf, recently inaugurated its new state-of-the-art production center with an integrated research and development center in Silao, Mexico. The plant is Beiersdorf's second largest within its production network after Hamburg. With this investment, Beiersdorf plans to tap the growing demand for skin care products in the North and Central American regions.
The plant has been opened for production after a construction time of less than two years. The new plant is strategically located at around 350 kilometers northwest of Mexico City in the state of Guanajuato.
The new factory has a production capacity of about 280 million cosmetic products and 45,000 tons of products annually. It is expected to primarily produce creams, lotions, shower products and lip care from the NIVEA, Eucerin, and Labello brands for the Mexico, Central and North America markets.
Further, the integrated innovation center will enable the company to develop customized products catering to the consumer needs in the Latin American market. With the R&D center, Beiersdorf plans to promote regional innovation with 20 researchers who will develop products for local consumer needs on-site.
More on Mexico's skin care industry will be discussed at 2nd LATAM Surfactants HPC opening on 28-29 October, 2014 in Mexico City.
Contact Ms. Grace at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
In a move to strengthen their green portfolios further, chemical majors - Versalis (the chemical subsidiary of Eni) and Elevance Renewable Sciences, Inc. (specialty chemicals producer from natural oils), have decided to enter a partnership. The two companies signed a Memorandum of Understanding (MoU) earlier this year, whereby they will jointly develop and scale a new metathesis technology for the production of bio-chemicals from vegetable oils.
The partners aim to use the bio-chemicals produced via this technology for the production of personal care, detergents and cleaners, bio-lubricants and oilfield chemicals.
Versalis and Elevance are expected to develop and scale new catalysts and leverage the significant progress of the technology that is already developed by Elevance. Further under the partnership, the design and construction of the first world-scale ethylene metathesis-based production will also be assessed, which will use renewable oils at the Versalis Porto Marghera site. Existing infrastructure and production streams will also be used for this purpose.
While Versalis is said to bring in their catalysis process development skills and engineering design scale-up capabilities, Elevance will contribute in terms of proprietary know-how (especially with respect to metathesis and associated engineering of using vegetable oils in specialty chemicals production for premium applications). Elevance is also expected to bring in their expertise of dealing with similar projects in the US and Asia.
More on specialty chemical trends, especially biochemicals for home and personal care will be discussed at 2nd LATAM Surfactants HPC on 28-29 Oct, 2014 in Mexico City.
Contact Ms. Grace OH at grace@cmtsp.com.sg or call +65 6346 9147 for more details.
