Naples Soap Company to Launch New Sensitive Skincare Line for High Demand $41 Billion Market

Rhea-AI Summary

Naples Soap Company, Inc. (OTCQB: NASO) is set to launch Grow Beautii, a new sensitive skincare line targeting the $41 billion global market. The line includes mild cleaners and soothing moisturizers with natural ingredients. The company aims to expand its wholesale business into major retailers and cater to the under-served sensitive skin consumer segment. The launch is expected to boost the company's national reach and growth momentum.

Positive

• Launch of Grow Beautii taps into the $41 billion global sensitive skin care market, providing a new revenue stream for Naples Soap Company.

• Product formulas focus on premium all natural ingredients proven to soothe sensitive skin, catering to users of all ages with skin conditions.

• Strategic shift towards major national retail chains expected to drive wholesale growth and expand company's market presence.

• Growth in the sensitive skin care market presents a significant opportunity for the company to capitalize on the rising consumer demand for gentle hypoallergenic products.

Negative

• Competition in the sensitive skin care market is intense, with many established brands and products already catering to this consumer segment.

• Success of Grow Beautii will depend on effective marketing strategies to stand out in the crowded skincare market and attract discerning consumers.

Grow Beautii Line expected to boost Company’s wholesale business into major retailers across the U.S. and internationally

NAPLES, Fla.--(BUSINESS WIRE)-- Naples Soap Company, Inc. (OTCQB: NASO), (“the Company”), a pioneering health and wellness brand that offers premium-quality skin and hair care products throughout the United States, today announced the upcoming launch of Grow Beautii, a new line of skin care products formulated and designed specifically for users with sensitive skin. The Grow Beautii line is set to serve an unmet segment of the rapidly growing $41 billion global sensitive skin care products market.

Grow Beautii, a new line of skin care products formulated and designed specifically for users with sensitive skin is slated to launch in the fourth quarter of 2024. The Grow Beautii line will include mild cleaners and soothing moisturizers specially formulated for users of all ages with skin conditions. Product formulas will focus heavily on premium all natural ingredients proven to soothe the skin including goat’s milk, coconut oil, sea salt, witch hazel, and aloe vera. (Photo: Business Wire)

Slated for launch in the fourth quarter of 2024, Grow Beautii will include mild cleaners and soothing moisturizers specially formulated for users of all ages with skin conditions. Product formulas will focus heavily on premium all natural ingredients proven to soothe the skin including goat’s milk, coconut oil, sea salt, witch hazel, and aloe vera.

Naples Soap Company’s wholesale business, which has historically served the boutique and hospitality market, is set for a major strategic shift to create and distribute new product lines into major national retail chains including specialty beauty stores, department stores, big box stores, and pharmacies. Grow Beautii is expected to anchor this wholesale growth initiative and will also be available at Naples Soap Company’s physical stores, at www.naplessoap.com, and other direct to consumer digital marketing channels.

While there is a wide selection of products for sensitive skin in the over-the-counter pharmacy segment that are medicinally oriented and packaged, and there are numerous high-end skin care lines for sensitive skin, the Grow Beautii line will cater to the under-served and broadest segment of the consumer market that seeks high quality, affordable, gentle, appealing beauty and self-care products specifically for sensitive skin.

“Creating self care and beauty products for sensitive skin is in our DNA at Naples Soap Company. Having personally struggled with and suffered from eczema and psoriasis, I tried countless dermatological prescriptions and over-the-counter skin care products to relieve my symptoms. This personal journey is what inspired me to create and grow my own skin care line,” said Deanna Wallin, Founder & CEO of Naples Soap Company.

“We are very excited to launch Grow Beautii through our broadening wholesale distribution channels, and we believe this will have a significant impact on our Company’s national reach and growth momentum,” Wallin concluded.

Growth in the sensitive skin care market is driven by a sharp rise in people with skin sensitives combined with consumer awareness around the importance of using gentle hypoallergenic products. A recent study reported by Dermatology Times revealed that 71% of adults identify as having sensitive skin, marking a 55% increase over the past two decades. Participants in the study cited stress and product ingredients as the main causes of the majority of their skin reactions. According to the Cleveland Clinic, over 31 million Americans suffer from eczema, and the American Academy of Dermatology Association estimates 16 million Americans between the ages of 30 and 60 suffer from rosacea.

About Naples Soap Company, Inc.

Founded in 2009 by Deanna Wallin, Naples Soap Company is a supplier of more than 400 bath, body and personal care products. Products are sold at the Company’s 13 retail locations in Florida. Naples Soap Company products are sold online from the Company’s website at www.naplessoap.com, through other DTC (direct-to-consumer) channels such as Amazon.com and in more than 300 boutiques, spas and stores throughout the United States via the Company’s wholesale division. For more information about Naples Soap Company, visit ir.naplessoap.com.

Forward-Looking Statements

This release includes certain statements that are "forward-looking statements.” All statements in this release, other than statements of historical fact, that address events or developments that are expected to occur, are forward-looking statements. Forward-looking statements are generally, but not always, identified by the words like “anticipate,” “believe,” “expect,” “intend,” “plan,” “will” and variations of the same. Although we believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include our need to obtain additional capital or financing to support our business plans, which may not be available on acceptable terms or at all, market prices, competition, risks inherent in the development and launch of potential products and in new market segments, risks relating to the establishment and maintenance of relationships with athletes, celebrities and influencers, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of Naples Soap Company’s management on the date the statements are made. Except as required by applicable securities laws, Naples Soap Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240430706613/en/

Deanna Wallin, CEO & Founder, Naples Soap Company, (239) 325-8263, investorrelations@naplessoap.com

Source: Naples Soap Company

FAQ

When is the launch of Grow Beautii scheduled?

The launch of Grow Beautii is scheduled for the fourth quarter of 2024.

What are the key ingredients in the new skincare line?

Key ingredients in the Grow Beautii line include goat’s milk, coconut oil, sea salt, witch hazel, and aloe vera.

What market segment is Grow Beautii targeting?

Grow Beautii is targeting users with sensitive skin, aiming to serve the under-served consumer segment seeking high-quality, affordable, and appealing skincare products.

How is Naples Soap Company planning to distribute Grow Beautii?

Naples Soap Company plans to distribute Grow Beautii through major national retail chains, specialty beauty stores, department stores, big box stores, pharmacies, its physical stores, online at www.naplessoap.com, and other direct-to-consumer digital marketing channels.

Why is the launch of Grow Beautii significant for Naples Soap Company?

The launch of Grow Beautii is expected to have a significant impact on the company's national reach and growth momentum, helping it expand its market presence and revenue streams.