Skin
and Hair Treatment Trending; Plant Based and #Organic Products Demand (OTCQB:
$RVIV) (NYSE: $EPC) (NYSE: $NUS) (CSE: $GGB.C)
Point Roberts WA, Delta BC – August 7, 2019
- 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.
Read
this in full at https://www.investorideas.com/news/2019/lohas/08071SkinHairTreatment-RVIV-EPC-NUS-GGB.asp
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.
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