Re reading the RNS18 Feb 2023 11:16
Coupled with this, the Board has strengthened the Company's intellectual property portfolio, beyond the two pre-existing licenced process patents, filing two new patents in the areas of "Nanoparticles for the use in anti-pathogenic applications" (WO2022084685A1) and "Soluble nanoparticles for the use in cosmetic and sunscreen applications" (GB202118048DO). The Company's research and development across its seven chosen vertical markets has led to additional intellectual property being identified which we expect to file in due course.
Cosmetics Industry:
According to the latest statistics, the global beauty industry market size is set to be worth $571.1 billion in 2023. This will mark an 8% increase year-over-year, the fastest annual growth rate in at least 13 years. The beauty industry market size has grown by $113.1 billion since 2015, when it was worth $458 billion.
Sunscreen industry : This statistic shows the forecasted market value of sunscreen cream worldwide in 2019 and 2024. Sunscreens are being increasingly used in beauty products. The global sunscreen cream market size amounted to about 8.5 billion U.S. dollars in 2019, and was forecast to reach over 10.7 billion U.S dollars by 2024