There is an ever-increasing demand for natural products, and the Caribbean has an abundance of naturally grown produce that can be used within the nutraceutical and natural cosmetics market. Coconuts for example can be used in a wide range of products including foods, cosmetics, chemicals etc.
September 27, 2019
09:00 – 10:00 Master Class – Natural Health Products
Join us for a master class on natural products and learn how to effectively use authentic Caribbean nutraceuticals and natural cosmetics. Damian Cohall, Senior Lecturer in Pharmacology UWI, will share what makes the Caribbean unique in the health-based product market as well as the full range of products available. Attendees will also will learn about the health based properties and cosmetic benefits of cosmeceuticals .
10:30 Business to Business Meetings
Natural products, for example, coconuts can be used in a wide range of products including cosmetics and the FMI reports that the natural cosmetics market is projected to grow at 4.9% volume CAGR through 2027. In 2017, the European cosmetics market was valued at €77.6 billion, making Europe the largest cosmetics market in the world and natural cosmetics accounts for around 5% of total market. The sector is currently growing at an annual rate of 8-10%.
Among the European countries, Germany has the largest market for cosmetic products, valued at €13.6 billion, followed by France (€11.3 billion), the UK (€11.1 billion), Italy (€10.1billion) and Spain (€6.8 billion).
The UK’s certified natural and organic cosmetics market is at an all-time high as sustainable shoppers continue to drive the market for green beauty. Around 50% of British consumers favour cosmetics made from natural ingredients – the highest figure in Europe. In 2018, sales of certified organic and natural beauty products grew for an eighth consecutive year to reach £86.5m, up 14% on the previous year.
The gluten-free foods & beverages market is also growing and Europe accounts for 25% of global gluten free product demand. Furthermore, the gluten free market is expected to grow to the value of €29 billion by 2025.
Why you should attend…
- Meet leading suppliers from the Caribbean
- Reduce sourcing costs
- Buy directly from producers
- Explore new opportunities for trade with the Caribbean
- Take advantage of the EU-Economic Partnership Agreement (EPA) with the Caribbean and source authentic Caribbean products and services.