BEAUTY TRENDS REPORT
As the UK's leading beauty retailer we are excited to share our insights
How COVID-19 is changing the world of beauty - McKinsey
The global beauty industry (comprising skin care trends
A Study of the European Cosmetics Industry
macro and microeconomic trends and aspects of the cosmetics market in each Italy and the U.K. which both grew on average at 2.5%.
The State of Fashion 2022: McKinsey
2 nov. 2021 with global luxury fashion and beauty ... megatrends reshaping the industry. ... most severe economic slowdowns
Philips
This report presents eight beauty and personal care trends shaping the UK today - from social media movements to the latest cult ingredients and the
GLOBAL TRENDS 2018
Source: Beauty Retailing UK 2017;. Facial Skincare China 2016; APAC. Metro Consumer Study; European. Consumer Research 2017. 50% of UK consumers who.
trends & insights gen z beauty 2022
reviewing the latest beauty trends. Our Gen Z trend pack takes a look at this only generation to drive growth in beauty sales in the UK.
15 Beauty Trends - from Ipsos
Time poor consumers are demanding on-the-go beauty which includes speedy services in-store and to-the- door mobile beauty treatments. UK-.
21/22
In our latest 2021/22 Health and Beauty trend report we'll sector has always prided itself on being at the cutting edge of e-commerce
gen z state of beauty report
beauty trends and bringing them to life IRL. 39% UK. 2% OTHER. GENDER. 95% FEMALE IDENTIFYING. 2.8% MALE IDENTIFYING. 0.7% NON-BINARY.
What is the UK health & beauty market research report?
The UK health & beauty market research report offers comprehensive insight and analysis of the country’s health & beauty market, the major players, the key drivers, and consumer attitudes. It also provides a detailed analysis of the key trends shaping the market, market size and forecasts, and the performance of key retailers.
What are the latest trends in the beauty industry?
The expansion of health and beauty, especially among the younger generation, has led to some interesting trends within the industry. Companies House further illuminates these trends as recent years have seen a noticeable increase in registered live companies relating to lashes and self-care.
How will the health & beauty industry perform in 2022?
Mintel estimates that retail sales through specialist health and beauty retailers rose 4.9% in 2022 to £12.9 billion as the sector continues to recover from the disruption caused during the pandemic. The market is expected to continue on this positive trajectory and is forecasted to reach £13.6 billion in 2027.
What is the UK's colour cosmetics market worth?
Mintel also reveals that the UK is the 4th biggest colour cosmetics market globally, valued at an estimated £2.1 billion in 2018 – following beauty powerhouses US, Japan and China. Brits are also the 4th biggest colour cosmetics spenders, with an average per capita spend of £32 per year.
Consumer Packaged Goods Practice
How COVID-19 is
changing the world of beauty The beauty industry has been resilient in the past. Could this crisis have a different outcome?May 2020
G e tt y I m a g e sby Emily Gerstell, Sophie Marchessou, Jennifer Schmidt, and Emma SpagnuoloThe global beauty industry (comprising skin care,
color cosmetics, hair care, fragrances, and personal care) has been shocked by the COVID?19 crisis. First-quarter sales have been weak, and there have been widespread store closures. The industry has responded positively to the crisis, with brands switching their manufacturing to produce hand sanitizers and cleaning agents and offering free beauty services for frontline response workers. At the same time, the industry's leaders have a responsibility to do their best to ensure that their companies survive. The global beauty industry generates $500 billion in sales a year and accounts for millions of jobs, directly and indirectly. Lives come first, but livelihoods also matter.This article examines the likely effects of
COVID?19 on the beauty industry over the next
three to six months. Then it explores how the crisis could fundamentally change the industry in the long term - and how retailers, strategic players, and investors can adapt. In many cases, it draws from the results of a McKinsey Global ConsumerSentiment Survey that took place in early April.
The short-term outlook for the
beauty industry Beauty may be in the eye of the beholder, but there is little debate when it comes to the long-term attractiveness of the global beauty industry. Not only has it grown steadily, it has created generations of loyal consumers. During the 2008 financial crisis, spending in the industry only fell slightly and fully bounced back by 2010 (Exhibit 1).Even though the economic magnitude of the
COVID?19 pandemic on brands and retailers will be
far greater than any recession, there are signs that the beauty industry may once again prove relatively resilient. In China, the industry's February sales fell up to 80 percent compared with 2019. In March, the year-on-year decline was 20 percent - a rapid rebound under the circumstances. In a variety of markets, consumers report they intend to spend less on beauty products in the near term (largely driven by declines in spending on color cosmetics) but more than they will in other discretionary categories, such as footwear and clothing (Exhibit 2). Noting the uptick in lipstick sales seen during the 2001 recession, LeonardLauder of the cosmetics company coined the term
"lipstick index" to describe this phenomenon. The principle is that people see lipstick as an affordable luxury, and sales therefore tend to stay strong, even in times of duress.McKinsey has explored nine scenarios for the
economy over the next few years, based on epidemiological trends and the effectiveness of economic-policy decisions. Based on the scenarios most expected by global executives and current trends, we estimate global beauty-industry revenues could fall 20 to 30 percent in 2020. In theUnited States, if there is a COVID?19 recurrence
later in the year, the decline could be as much as35 percent (Exhibit 3).
We looked at the beauty industry's recovery against each scenario, considering two key factors: where and how beauty products are being sold and what is being purchased.Where and how beauty products are being sold
In most major beauty-industry markets, in-store
shopping accounted for up to 85 percent of beauty- product purchases prior to the COVID?19 crisis, with some variation by subcategory. Even online-savvyAmerican millennials and Gen Zers (those born
between 1980 and 1996) made close to 60 percent of their purchases in stores (Exhibit 4). With the closure of premium beauty-product outlets because of COVID?19, approximately 30 percent of the beauty-industry market was shut down.Some of these stores will never open again, and
new openings will likely be delayed for at least a year.2How COVID19 is changing the world of beauty
Exhibit 1
GES 2020
COVID Beauty
Exhibit 1 of 5
The global beauty-industry market has been consistently resilient. Note: Figures may ,not sum to listed ,totals, because of r,ounding. 1Includes bath, hair,-care, men"s shavin,g, oral-care, showe,r, and adults" sun-,care products; deod,orants; and depilat,ories.
Source: Euromonito,r
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1 Priya Rao, "How Sephora is incubating the 'next guard' online," Glossy, April 14, 2020, glossy.co.Here are several ways beauty-product sales
are changing: - Increased online sales are not offsetting the decline in in-store sales.Some beauty-product
brands and retailers with inventory and shipment operations ready to scale up are reporting e-commerce sales twice as high as their pre-COVID?19 levels. Overall, we think 20 to 30
percent growth will be more typical. Sephora's US online sales are reportedly up 30 percent versus 2019,1 as were Amazon's beauty-product sales for the four-week period ending April 11. In China,
McKinsey research has seen online revenues for
beauty-industry players rise 20 to 30 percent during the outbreak. These figures are in line with what beauty-product consumers are reporting inMcKinsey COVID?19 Consumer Pulse Surveys.
- Beauty-product sales at essential retailers are down.While brick-and-mortar drugstores
and mass-market and grocery stores remain open, their customer traffic and revenues have plummeted. The Boots UK drugstore chain reported its overall sales fell by two-thirdsquotesdbs_dbs4.pdfusesText_8[PDF] uk citizens in france after brexit
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