Food and beverage, cosmetic and retail industries
In the USA, the Food and Drug Administration (FDA) under the Food, Drug, and Cosmetic Act regulate cosmetic products. FDA gives the standards but most of the states have their own regulations such as California.
In addition to cosmetic, FDA regulates all products containing more than one ingredient: foods, drugs, electronic products, medical devices, tobacco and cosmetics.
The food and beverage industry has been very dynamic in following trends in order to stay ahead of the game. Taking into consideration those trends, companies largely invest in new product development or re-formulation. Indeed, the need to develop new products through new or re-formulated recipes is supported by strong competition and demanding consumers – especially Millennials. Recently, there has been a great focus on reformulating or developing new product with healthier ingredients and cleaner labels. Formulators have been challenged to find new ways and ingredients to simplify labels while meeting expectations in term of nutrition, function and taste.
Here are some trends that should be embraced to stay relevant with consumers:
Each 50 states of the U.S. are under national and federal regulations. It is not uncommon that states have different regulations from others. This is exactly what happens in the state of California, especially, when it comes to cosmetic products. In addition to the Food and Drug Administration (FDA) regulations, California as its own rules that all businesses selling in this state must follow.
The new nutritional facts label should have been enforced in July 2018. However, the FDA is proposing to extend the compliance deadline.
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Cosmetic manufacturers and brands are subject to regulations requirements that are more and more strengthened all over the world. Cosmetic businesses more than ever, must optimize their innovation process to face:
One of the most important component of new product development concerns the product compliance in the country where it is going to be sold. Indeed, each country has its own regulations especially when it comes to product formulation and consumers safety.
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When it comes to packaging, brands have an ocean of choices: color, texture, shape, material, size, etc. And we all know how packaging is a key part of the customer experience and how it is determinant for them in the making a purchase decision process.
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The PIF includes all the elements considered to be of primary importance to the consumer and which may have an impact on his / her health: namely the identity of the product, the precaution of use, the list of ingredients … and also the possible negative effects.
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Thinking about counterfeit goods, clothing and accessories are usually the first things that come to mind. However, the food and beverage industry is also concerned and fake food scandals have drawn attention to this problem. Those recent scandals are not limited to one region; in fact counterfeiting is a global issue:
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