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Happi Asia
Happi Asia 2015-10
Divest or diversify, time for a change When talking about the growth of any industry, being prepared to fight slowdown in the global economic activity is a must. Divest or diversify seems to be a good solution for some companies. Although it is not usually the first choice of strategy for a business. However, as product demand changes and firms alter their strategies, there will always be some portion of the business that is not performing to management's expectations. We learned about the recent activities of many top players in the industry, for example P&G. The company is selling up to 100 brands to refocus on its core business, while Unilever on the other hand is acquiring a range of premium brands in an effort to expand in skin care arena. However, there are still major players headquartered in Asia where brighter prospects are still widely predicted in Happi. Our annual report, The Asia Top, unveils how they have managed to maintain or even strengthen their leading positions in the past year. As you can read, few of them are holding back the businesses, and
  • Happi Asia
    Happi Asia 2015-7
    Dealing with Smog, Dirt and Dust A CREATIVE approach is a requirement to find success in the Vietnamese beauty market, we learn from entrepreneur Nguyen Thi Minh Thu. Her company, Nhan Sac Viet, is competing in a sector where foreign-owned companies dominate with around 80% market share. As she relates in Happi Word, Ms. Nguyen uses a very personalized client service strategy. In five years, this approach has created a niche market for the Korean and Japanese brands the company distributes in Viet Nam as well as its own products – a number of them anti-aging solutions, which are very much in line with the global trend. This trend has very much to do with consumers relying on beauty products to protect themselves from the impact of pollution, particularly the way it contributes to skin aging. Primary skin problems and extrinsic aging associated with air pollution include dehydration, redness, age spots, increased wrinkling, eczema and acne. Anti-pollution cleansers, creams, facial mists and wipes, among others, make a variety of claims from anti-stress, whitenin
  • Happi Asia
    Happi Asia 2015-3
    Innovation, constantly evolving IS the most talked-about topic across the full business spectrum for years, about to lose its luster? Its definition is still elusive. Something different/novel? Perhaps a new idea, device, or process? Or filling an untapped customer need? Different companies will probably come up with different answers for what INNOVATION really is. Indeed, while increasingly regarded as a cliché and in danger of losing its meaning, innovation has also been constantly evolving either by getting more specific, like "open innovation" and "disruptive innovation" or completely changing the term to "invention". No matter how widely it is defined, however, the ultimate goal of innovation largely remains unanimous: To create value for customers. This is also an important benefit highlighted by all winners of this year's China Personal Care & Cosmetics Innovation Awards (CPCIA). Looking across all categories of CPCIA 2015, winning products have never been so committed to added-value than ever before. Whether sourced exotically, manufactured/ processed un
  • HAPPI Asia 2014-10
    A Catalyst for Change AS we were putting this issue to bed, marches against climate change were taking place ahead of the UN Climate Summit 2014 in New York, where business leaders were expected to take part. Businesses, through their “ambitious vision and commitments” have a crucial role to play, said UN Secretary-General Ban Ki-moon. This year also marks the 15-year anniversary of the Dow Jones Sustainability Indices (DJSI) review, the first global index to track leading sustainability-driven companies worldwide. The index is based on an analysis of companies’ economic, environmental and social performance, including areas such as corporate governance, climate strategy, supply chain standards and labor practices. Unilever NV has been in the global list, DJSI World, since it was first issued in 1999. Bayer AG, parent of polymers specialist Bayer MaterialScience, has also been in the list for 15 consecutive years. This signifies these companies’ commitment to their sustainable goals – not easy, as the number of companies stricken off the list this year (46 in
  • HAPPI Asia 2014-6
    THE approach towards beauty has never been so holistic. When it comes to looking good, today’s consumers increasingly opt for oral-taken nutricosmetics to complement their topical products. Especially in Asia Pacific where consumers have long been aware of the role of foods and dietary supplements in beauty and the concept of beauty-from-within sits well with traditional herbal medicine; Japan by far remains the largest market globally for nutricosmetics, followed by China with great growth potential. As sales of beauty-from-within category are very much at home in the Asian market, the Eastern influence is also spreading to the West. With anti-ageing demand being required across all demographics globally and nutricosmetics aligning closely with such demands, this increasing consumer receptiveness to beauty-from-within has opened the way for nutricosmetics growth. As such, we are now witnessing a broadening variety of nutricosmetics in order to appeal to different consumer groups, such as gummy bears for hair and nail care, or de-tox drink for anti-acne. Cha
  • HAPPI Asia 2014-1
    THE world is changeable. It seems that just a while ago that BRIC were still the most-talked emerging countries, but now it seems to be MINT’s turn. But one thing is for certain, whether BRIC (Brazil, Russia, China and India) or MINT (Mexico, Indonesia, Nigeria and Turkey), Asian countries are always in the spotlight. For the cosmetics industry, the prosperous prospects in Asia will always remain attractive. Whilst the global cosmetics industry is exhibiting buoyant growth, the latest report by Markets and Markets indicates that the Asia-Pacific region is estimated to grow with the fastest CAGR, due to buoyant economies like China and India, with their increasing numbers of beauty-conscious consumers. And future growth in this area is likely to be driven by women over the age of 30, who are looking for anti-aging treatments. This is the major reason why anti-aging is always the most hotly-contested category in our China Personal Care & Cosmetics Innovation Awards (CPCCI). Co-organised by Ringier and Reed Sinopharm, these Awards have become one of the most antici
  • HAPPI Asia 2013-10
    Without exception, the ever booming e-commerce in Asia Pacific also opens up numerous opportunities for beauty and personal care companies. While consumer electronics accounted for nearly 25% of all e-commerce revenue in 2012, an expanding cyberspace is widely expected for beauty and personal care products. We are now seeing nearly all personal care companies, from multinational to local ones, marketing and selling their products online. While research shows that demographically more than half of Asia's online population is under the age of 35, the concept of healthy aging along with solutions to common skin problems among younger consumers are all well embraced across the entire demographic spectrum, largely fuelled by online promotions and discussions. It comes as no surprise that companies in the region are actively seeking innovative and effective skin care solutions that are backed by science in order to tap into these growing demands. And tis is also reflected in the companies' activities reported in our annual report, Top Beauty Companies in Asia Pacific.
  • HAPPI Asia 2013-3
    In the pursuit of looking better , today's consumers are increasingly looking for personal care products with valid efficacy claims. Although the instant 'effects', mainly provided by texture and sensory enhancing ingredients, still need to be experienced during and soon after application, consumers are also expecting long-term effects. These have to be achieved by active ingredients, the backbone of an efficacious product.Along with the booming personal care product market, risingconsumer demand for efficacious products has driven the growth of the personal care active ingredient market, and this trend is widely expected to continue in the coming years. In Asia-Pacific, it is estimated that the personal care active ingredients market will reach US$176.4 million in 2017, according to Frost & Sullivan.The growth of the personal care active ingredients market has spurred a slew of innovations, as both manufacturers and suppliers are making bigger efforts to ensure their products are distinctive among others. This is also reflected by the fact that active ingredient
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