FACIAL SKINCARE AND MAKEUP MARKET ANALYSIS

Market News

Recent Developments

• On November 1, 2022, Consumer goods Company Procter & Gamble (P&G) Indiaset up US$ 2,000 Mn funds to invest in technology-led solutions to solve business problems. It would aim at the solutions to drive innovation across brand building and awareness, consumer research, go-to-market, and supply chain.
• On November 29, 2022, L’Oréal and the French biotech, Microphyt, announced a strategic partnership in which L’Oreal’s venture capital fund, BOLD (Business Opportunities for L’Oréal Development), acquires a minority stake in Microphyt.
  This partnership is an additional proof point of L’Oreal’s Research and Innovation strategy towards Greens Science and its investment in innovative biotech start-ups in France and across the world. This proactive strategy is at the heart of L’Oreal’s 2030 sustainable development program, including the objective that 95% of its ingredients will be bio-sourced, derived from abundant minerals, or circular processes.
• On December 22, 2022, Johnson & Johnson announced the completion of its acquisition of Abiomed, Inc. Abiomed is now part of Johnson & Johnson and will operate as a standalone business within Johnson & Johnson’s MedTech segment.