Clean
and #Green continues to be #Consumer Trend for Skin and Hair Treatment
Products; (OTCQB: $RVIV) (NYSE: $EPC) (NYSE: $NUS) (CSE: $GGB.C)
Point
Roberts, WA and Delta, BC - August 8, 2019 (Investorideas.com Newswire) Investorideas.com, a leading
investor news resource covering wellness and cannabis stocks releases a sector
snapshot reporting on the continued growth being seen in the global skin and
hair care market as consumer awareness, demand for organic products, global
temperatures and UV exposure all continue to rise.
The hair care market is forecast to reach
USD 116.33 billion by 2024, registering a CAGR of 3.35% during the forecast
period (2019 - 2024).
A recent
report showed
that “the growing demand for organic/natural products for personal grooming has
become one of the primary concerns for individuals. Among organic hair care
products, owing to its wide usage, conditioners and shampoos held a majority
share in the global organic haircare market in 2018. Furthermore, anti-dandruff
organic hair oils are expected to register robust growth over the forecast
period.”
Reviv3 Procare
Company (OTCQB:
RVIV), a company engaged in the manufacturing, marketing, sale and
distribution of premium quality hair and skin care products under various
trademarks and brands announced that it plans to launch multiple product sets
of its plant-based products at Costco locations in the United Kingdom.
Donald
Starace, President of REVIV3, said “As part of our international market
expansion strategy, our customized product set offerings for Costco, UK will
provide exposure to a market that until now has not been able to experience the
amazing benefits we provide in hair and scalp health. It is our ultimate goal
to be the primary destination for anyone looking for drug-free alternatives to
improve follicle structural properties, nourish and rejuvenate hair.” Mr. Starace continued, “We believe the
quality and effectiveness of our hair products is our most powerful marketing
tool and the primary driver of our customer referrals and retention.”
The
product lines for Costco, UK are planned for launch in September 2019 and will
include a deep cleanser shampoo, moisturizing conditioner, hair follicle
treatment, hair thickening spray and thermal protectant spray. The products are
formulated with premium plant-based peptides and active botanicals formulated
for safe and effective daily use.
Reviv3
is currently expanding its sales channels domestically and across the globe
with customized product offerings in new markets. The recent expansions include
agreements with Asian distribution partners for sale of Reviv3 products in TMALL.com and JD.COM as reported in the
company’s press release on June 5, 2019. In conjunction, the company has
continued to build on its operational efficiencies which according to Reviv3’s
annual results on July 19, resulted in a 16.8% decrease in operating expenses
for FY2019, compared to the same period last year.
We are also seeing strings of acquisitions
and mergers to help companies meet the increased need for larger distribution
and production capabilities in this growing market.
Edgewell
Personal Care Company
(NYSE:
EPC)
and Harry's, Inc.
announced in May
that they entered into a definitive agreement under which Edgewell would
combine with Harry's in a cash and stock transaction that values Harry's at
$1.37 billion. The combination of Edgewell and Harry's brings together
complementary capabilities to create a next-generation consumer products
platform with an expansive runway for accelerated topline growth and enhanced
value creation.
Together, Edgewell and Harry's will create
a platform that enables building and scaling the next generation of impactful
consumer brands. Harry's has been a disruptive force across the men's and
women's shaving market and adjacent grooming and personal care categories. Its
demonstrated expertise in brand building and direct-to-consumer marketing are a
complementary fit with Edgewell's strong intellectual property, best-in-class
product technology, global scale and stable of strong consumer brands. The
combined company will have a leading portfolio of global brands in men's and
women's shaving, personal and sun and skin care.
Andy Katz-Mayfield and Jeff Raider, Harry's
Co-Founders and Co-CEOs, have agreed to join the Executive Team of Edgewell at
closing, to serve as Co-Presidents of US operations.
"The combination of Edgewell and
Harry's is a pivotal step forward in further transforming our organization and
strengthening our competitive position and ability to drive sustained growth
and value creation," said Rod Little, Edgewell's President and Chief
Executive Officer. "Building on Edgewell's and Harry's complementary
strengths, our combined company will have leading brands and omni-channel
capabilities that are essential to meet the needs of the modern consumer and
win in today's market environment. We welcome Harry's entrepreneurial employees
and look forward to working closely with Andy and Jeff, whose ingenuity and
demonstrated success will enable us to take our U.S. business to the next
level. We are excited about our future and the opportunities we have to deliver
superior long-term shareholder returns as a next-generation CPG platform."
Andy Katz-Mayfield and Jeff Raider,
Co-Founders and Co-CEOs of Harry's, said "When we launched Harry's six
years ago our vision was to create a grooming brand that better met our needs
as consumers, and over time, a CPG platform that creates brands people love across
more categories. Together with Edgewell, we see a significant opportunity to
continue delivering on that vision, leveraging Edgewell's advanced technology
and global footprint alongside our customer-first approach, brand building
expertise and omni-channel capabilities. We're incredibly proud of the brands
we've created and the team we've built, and have tremendous respect for
Edgewell and its established brand portfolio. We look forward to what we can
accomplish together."
ResearchAndMarkets.com recently
released the "Skin
Care Products Market: Global Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2019-2024" which discussed
the trends in the global skincare market, noting that the market was worth US$
128.9 Billion in 2018 and projected to reach a value of US$ 165.9 Billion by
2024, registering a CAGR of around 4% during 2019-2024.
The report continued, “Skin is one of the
organs that receive the most damage owing to the exposure to external factors
such as ultraviolet (UV) rays and pollution. Consequently, there has been an
increase in the inclination among the masses towards engaging in a regular skin
care regime, thus making it an integral part of personal well-being. This has
led to the introduction of diversified products containing various chemical and
herbal elements, aiming at the overall enhancement and maintenance of healthy
skin. Urban regions, in particular, have been a witness to increasing
consumers' inclination toward various skin care products owing to rising
disposable income, aggressive promotional activities, and launch of innovative
products by manufacturers. Rising awareness about both skin ailments and
available treatments is propelling consumers to start using skin care products
quite early, thus aiding the market growth. The market is further driven by an
increasing number of women preferring anti-aging products which form a crucial
segment of the skin care products market.”
As these factors influence the market we
see more companies looking to expand their product portfolios as well as enter
into new international marketplaces which are joining this skincare and
wellness trend.
Nu
Skin Enterprises, Inc. (NYSE:
NUS)
recently
announced
their estimated second-quarter results and updated its outlook for full-year
2019. The company anticipates reporting second-quarter revenue between $622 and
$623 million and earnings per share of $0.82 to $0.84. The company's revised
revenue outlook for 2019 is $2.48 to $2.52 billion with a negative foreign
currency impact of approximately 4 percent, and earnings per share of $3.20 to
$3.35.
"We are adjusting our guidance for the
year primarily due to a reduced revenue outlook in Mainland China following the
government's 100-day campaign to review and inspect the health products and
direct selling industries," said Ritch Wood, Chief Executive Officer.
"Continued restrictions on sales meetings, as well as media scrutiny, have
negatively impacted consumer sentiment and contributed to this adjustment.
While we anticipated we could begin holding meetings in the second quarter,
meeting approvals for the industry have been significantly more restrictive
than expected and remain limited. Additionally, the U.S. dollar has continued
to strengthen, and we have adjusted our 2019 guidance to include a
larger-than-anticipated foreign currency impact. We will provide more detail
regarding results for the second quarter in our earnings release scheduled for
Aug. 6."
Several institutional investors increased
or changed their position leading up to the results such as Handelsbanken Fonder
AB who increased its position in Nu Skin by 25.0%, Delek Group Ltd. who
purchased a new position in shares of Nu Skin Enterprises, Amalgamated Bank who
raised its holdings in shares of Nu Skin Enterprises by 14.8% and Trexquant
Investment LP who raised its holdings in shares by 7.0%.
Several research firms have also weighed in
on NUS such as Zacks Investment Research who raised shares
of Nu Skin Enterprises from a “sell” rating to a “hold” rating in a report on
Friday, May 3rd and ValuEngine who raised shares
from a “strong sell” rating to a “sell” rating in a research note on Thursday,
August 1st.
CBD is also playing
an important role in these markets with companies such as Green Growth Brands Inc. (CSE:
GGB)
(OTC:
GGBXF)
who announced it has received a
purchase order from American Eagle Outfitters, Inc. through which it will sell
hemp-derived cannabidiol (CBD) infused personal care products in nearly 500
American Eagle (AE) stores and American Eagle Outfitters, Inc.’s online
website.
The purchase order
represents GGB's third major wholesale agreement since the passage of the
Agriculture Act of 2018 in December 2018 (the 2018 Farm Bill).
The products, which
were exclusively developed for American Eagle include a wide assortment of
CBD-infused personal care items such as lotions, muscle balms, and
aromatherapy. Sales of the product are
expected to begin in October 2019.
"We are very
pleased to be partnering with American Eagle, a leader in the specialty retail
space," said Green Growth Brands CEO, Peter Horvath. "GGB provided
the expertise necessary to develop the product formulations and packaging to
create a really special line of products."
All Green Growth
Brands CBD products are sourced from US-based, licensed hemp processors and
comply with the 2018 Farm Bill. GGB
sells and distributes topical CBD products only in jurisdictions that permit
such sale.
Quality organic
products are becoming a majority trend not just in the US and EU but also
increasingly in every corner of the world. This increased awareness of product
quality in the global consumer is forcing companies to adapt, which in turn is
benefiting the consumer and their overall health and wellness.
For investors
following stocks and Health, Wellness & Sustainability stocks,
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