Image Credit: Courtesy of Cosmoprof Asia
The beauty industry is advancing rapidly, driven by technological innovations, sustainability efforts, and a growing emphasis on personalization. This week, we highlight three pivotal developments shaping the landscape: from the increased global influence of Cosmoprof Asia, to Lyma’s success in beauty tech, and Shiseido’s groundbreaking integration of AI in product development. These innovations underscore the ongoing shift toward personalized, tech-driven solutions in the cosmetics sector. Let’s explore how these advancements are redefining the beauty industry today!
Cosmoprof Asia: A glimpse into the future of beauty
Scheduled for November 12-15 in Hong Kong, Cosmoprof Asia is poised to be the largest beauty event in the Asia-Pacific region, showcasing cutting-edge trends in skincare, cosmetics, and men’s grooming. This year’s focus includes the rise of organic beauty supplements, increased demand for premium fragrances, and sustainable packaging innovations. Known for its ability to connect global markets, Cosmoprof Asia plays a pivotal role for brands looking to expand into the booming Asia-Pacific beauty sector, particularly in markets like China and ASEAN nations.
Source: BeautyMatter, Cosmoprof Asia Special Highlights
Lyma’s 40% growth driven by US expansion and beauty tech tools
British wellness tech company Lyma has reported a 40% revenue increase for FY23, driven by rising demand for its innovative at-home laser devices. Endorsed by celebrities like Kate Beckinsale and Sienna Miller, Lyma’s laser technology has transformed the at-home skincare market. The company’s recent US expansion, supported by a new distribution center, has further bolstered its growth in the beauty tech space. Lyma’s focus on non-invasive, high-tech beauty solutions continues to resonate with consumers, and the company is set to introduce more groundbreaking products in 2025, solidifying its leadership in beauty technology.
Source: Cosmetics Business, Lyma Sales Soar Due to US Expansion
Shiseido leverages AI for beauty product co-creation
Shiseido is pushing the boundaries of product innovation by incorporating AI technology into its development process. Through a collaboration with Accenture, Shiseido has enhanced its Voyager digital platform to assess over half a million data points related to ingredients, product stability, and sensory properties. This cutting-edge AI-driven system accelerates product formulation, enabling researchers to focus on creative and strategic research. By integrating AI into product co-creation, Shiseido sets a new standard for efficiency and innovation, maintaining the brand’s high standards of quality while bringing new products to market faster.
Source: Global Cosmetics News, Shiseido to Co-Create Products with AI Technology
