A leading skincare company aimed to develop natural preservatives into their products. The company partnered with Stellarix for a strategic initiative to identify and evaluate high-potential startups and SMEs specializing in natural preservatives. The goal was to foster innovation and meet the rising consumer demand for sustainable, eco-friendly cosmetic solutions.
Client Background:
The client is a top skincare company
Engagement Objective:
The objective was to conduct a collaboration study on the below concepts:
- Identification of all SMEs and start-ups manufacturing natural preservatives for the cosmetic industry.
- These preservatives can be available in the market or ready to be available in the market.
Client Impact:
- The insights drawn from the study helped the client in various strategic decisions, a few of which are enlisted below:
- Product formulation with identified preservatives
- Understanding technologies and methods for the formulation of cosmetic products
- Identification of startups with better technology for natural preservation
- Understanding the current market and strategies for the plan of action