Demand for herbal products could create a potential market of $ 25.11 billion by 2025, according to Grand View Research. “A quarter of consumers say they buy herbal skin care products today, and 39% say they would like to buy products with herbal ingredients. Faced with this type of demand, manufacturers are innovating to bring new plant-based beauty ingredients to the market, ”Linkage reports. Further, they report: “The majority of skin care consumers – 72% – see their skin like any other organ. Therefore, it’s no surprise that 50% of skin care consumers report looking for “all-natural” and “no synthetic chemicals” skin care products. Such demand creates a considerable amount of opportunities for companies such as Better Plant Sciences Inc. (CSE: PLNT) (OTC: VEGGF), Ulta Beauty (NASDAQ: ULTA), Coty Inc. (NYSE: COTY), Amazon.com (NASDAQ: AMZN), and Estee Lauder Companies Inc. (NYSE: EL).
Watch Better Plant Sciences Inc. (CSE: PLNT) (OTC: VEGGF), for example
Better Plant Sciences Inc., a wellness company that manufactures and sells plant-based products, is ramping up production at its production facility in Victoria, British Columbia, to meet incoming orders from seven Whole Foods Markets in Ontario, Canada.
Earlier this year, Better Plant received notice that Whole Foods would be releasing 14 of its Jusu Face products in seven of its stores in eastern Canada starting in August. Three of the seven stores are in Toronto, the others in Ottawa, Oakville, Mississauga and Markham. Jusu Juices are also currently stocked at the Whole Foods Market in Victoria.
The order includes three face cleansers, four face creams, four face oils, two serums, and a face mask. The deal was negotiated by Better Plant’s broker partner, Thank You Merci.
“Our Jusu facial products are a great fit for Whole Foods, and we’re excited to grow our relationship with the store,” said Amber Allen, Sales Manager at Better Plant. “Whole Foods’ standards for beauty and personal care products are extremely strict, and they have banned more than 100 commonly used ingredients, including parabens, phthalates, formaldehyde donors, oxybenzone, and EDTA.”
Jusu products correspond well to the trends predicted in “ Whole Foods Market Predicts Clean Beauty Trends For 2021 ”, published by the Retailer’s Trends Council. One of the trends identified is “Juiced-Up Skincare”, which is aligned with Jusu because its skincare is formulated with ingredients that are densely nutritious, healthy to consume and beneficial for the skin.
A recent online survey conducted by The Harris Poll on behalf of Whole Foods Market found that 85% of consumers who have simplified their beauty routines in the past year plan to continue their new practices. Transparency remains as important as ever. More than half (57%) of consumers surveyed said they want to know more about the ingredients of the beauty products they buy.
Other related developments coming from all over the markets include:
Ulta Beauty announced its intention to report on its financial results for the first quarter ended May 1, 2021 May 27, 2021, after market close. The Company will hold a conference call to discuss its financial results on May 27, 2021 at 4:30 p.m. Eastern Time / 3:30 p.m. Central Time. The conference call will be moderated by Mary Dillon, Managing Director, Dave Kimbell, President, and Scott Settersten, Chief Financial Officer.
Coty Inc. announced continuous improvement of its financial results and the first signs of recovery of all of its operations for the third quarter of fiscal 2021, ended March 31, 2021. In Q3, revenues fell by 3%, or 5.5% LFL, in a context Persistent COVID in Europe and some regions. At the same time, results were supported by + 20% growth in LFL in Asia-Pacific, 30% growth in e-commerce and a relatively stable performance in the Americas, including strong growth in sales of prestige in the United States. Brands like Gucci, Burberry and Marc Jacobs stood out, with double-digit growth in the quarter, and Coty continued to build on its new premium growth drivers in cosmetics and skin care. The 2% LFL growth in premium sales was remarkable, given Coty’s higher commercial weighting in Europe and the continued active reduction of sales in low-quality channels, which represented a high negative impact at a figure on prestige sales over the past two years.
Amazon Web Services and National Hockey League (NHL) announced that it will be launching two new advanced analytics during the 2021 Stanley Cup Playoffs. These new stats provided by AWS will appear as on-screen graphs and data visualizations during NHL games and give fans a better understanding and deeper appreciation for the performance of their favorite players and teams during crucial moments. The first two stats, Shot Analysis and Save Analysis, will debut on Saturday, May 15, Day 1 of the 2021 Stanley Cup Playoffs and will be used throughout the 2021-22 season.
Estee Lauder Companies Inc. reported net sales of $ 3.86 billion for its third quarter ended March 31, 2021, an increase of 16% on a reported basis and 13% at constant exchange rates, compared to $ 3.35 billion in the same period of the previous year. Net sales increased in every region and in most product categories, reflecting the recovery in several areas from the previous year where bricks and mortar began to shut down as COVID-19 spread throughout the world. world. The company reported net income of $ 456 million, compared to a net loss of $ (6) million in the prior year period. Diluted net income per common share was $ 1.24, compared to a loss of ($ 0.02) reported in the prior year period. Excluding the benefit of currency translation, adjusted diluted earnings per common share, which excludes the items detailed on page 3, increased 88%.
Legal Notices / With the exception of the historical information presented here, the subjects discussed in this article contain forward-looking statements which are subject to certain risks and uncertainties which could cause actual results to differ materially from the future results, performances or achievements expressed. or implied by these statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide or purport to provide investment advice or recommendations to readers of this release. To make specific investment decisions, readers should seek their own advice. Better Plant Sciences Inc. has paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only remunerated for its services in the form of cash compensation. Winning Media owns ZERO shares of Better Plant Sciences Inc.
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