Premium Fragrances Outshine Other Beauty Segments

 

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Premium fragrances outshone all other premium categories, with an absolute growth contribution of 35% of total premium beauty in 2011, compared to 30% and 15% for premium skin care and premium makeup respectively. While Western Europe remains the largest spender on luxury scents, it was North America that saw the most exceptional growth, the highest on record in the last decade. Greater demand for exclusivity and unconventional fragrances were at the core of this successful performance.

 

Hear Euromonitor Speak at the 2012 World Perfumery Congress

Date: 12-14 June, 2012
Location: Mashantucket, Connecticut, USA

The World Perfumery Congress (WPC) is an educational and networking forum uniting fragrance industry professionals, their suppliers and marketers to address and discuss solutions to the industry's latest challenges.

Irina Barbalova, Head of Global Beauty and Personal Care Research, will present, "Reinventing Fragrances: New Global Strategies for Growth." The presentation will discuss:

• Global industry dynamics: the key growth stories and the new premium-mass paradigm
• Regional and country disparities in consumption, expenditure patterns and attitudes
• Shifts in consumer perception of quality, value and luxury
• Breaking with conventional innovation: individuality and personal engagement
• The strategic challenge of differentiation: diversification vs exclusivity
• Evolving retail patterns, the impact of non-store retail and the main channel beneficiaries
• The state of things to come: key growth opportunities and the next industry hotspots  

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China Driving the Global Luxury Goods Industry

By Fflur Roberts, Head of Global Luxury Goods Research at Euromonitor International

Hit by the global economic slowdown, the luxury goods industry went through a period of decline in 2008-2009 but by 2010 the recovery had already begun, with most developed countries recording positive growth. At the same time the luxury goods market has witnessed a new wave of newly middle class consumers from China, India, Russia and Brazil beginning to sample the delights of luxury goods, with China’s hunger for luxury in particular proving to be unstoppable.

Benefitting from a fast-growing middle class and a fast-developing luxury distribution network, sales of luxury goods in China have consistently outperformed the global market and the country will overtake France and the UK by 2015, making China the fourth biggest luxury market in the world. Click to tweet!

Opportunities for Aerosol Cans

Aerosol cans are mainly used in the home care and beauty and personal care industries, with applications in deodorant, insecticides, air fresheners and styling agents. Deodorants lead the way in growth opportunities, with global sales expected to increase by 4 percent in 2012. In fact, 46 percent of all unit volume sales of aerosol cans are expected to come from deodorants between 2011 and 2015.

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Nail Polish Brings New Affordable Luxury

Analyst Insight By Irina Barbalova, Head of Beauty and Personal Care Research at Euromonitor International

Euromonitor International’s latest research, published earlier this month, revealed another solid year from the beauty industry despite economic uncertainty and pressures from an increasingly polarised market. Industry growth was slightly stronger than that of the previous year, with total sales approaching US$426 billion globally. Discretionary categories, including colour cosmetics and fragrances, put in a reasonably steady performance, with reported growth close to that of the industry average at 5%.

What was most notable, however, was that while most categories were heavily reliant on emerging markets for growth, for colour cosmetics and fragrances North America featured among the top three growth regions. Much of the region’s impressive sales of colour cosmetics were down to nail polish, which grew by a staggering 30% in the US, thus enabling it to overtake Brazil to become the biggest nail polish market globally. Sales of premium nail polish alone more than doubled on the back of a robust performance from brands like Essie and OPI, which were brought to the retail market and saw distribution continued to widen.

Latest Research: Beauty and Personal Care 2012 Now Live

Euromonitor is pleased to announce that the new and enhanced 2012 Beauty and Personal Care system edition is now live and available to access on Passport. The updated research provides latest insights on how the beauty industry performed during 2011 and identifies the key prospects through to 2016.

Euromonitor's latest research reveals another year of solid performance for the beauty industry despite economic uncertainty and pressures from an increasingly polarised market. Industry growth slightly bettered that of the previous year and total sales reached nearly US$ 426 billion globally.

Although Brazil was down to single-digit growth last year due to a cooling of the economy and overall consumption, Latin America managed to supersede North America to become the third largest region globally. Asia Pacific's dominance was reinforced further, as the region added an extra US$6.6billion last year and widened the gap with Western Europe, its second ranking rival.

Sunscreens: Trusted Ingredients Expand Their Horizons

Consumer awareness of the potentially adverse effects of sun exposure has never been higher and there is rising demand for products that can offer protection. Sunscreen ingredients are, therefore, attracting considerable attention, not only from the sun care market but also from other personal care categories, such as skin and hair care. This report assesses global sunscreen trends, looking at market sizes and segmentation and exploring some of the drivers impacting usage and development.

Download a sample of the report

 

Hear Us Speak at HBA 2012

Date: Tuesday, June 19, 2012
Time: 10:15am EST
Location: Javits Convention Center, NYC

Latin America was the fastest growing region for beauty spending in 2010 and is expected to remain so through 2015. Brazil, the third largest beauty market in the world, is experiencing a beauty boom as the fastest growing among the BRICs.

In this presentation, Virginia Lee, Senior Research Analyst at Euromonitor International will present, "The World of Beauty for Latin American Consumers." In her presentation, Lee will review the Latin American beauty market, revealing consumer trends, data analysis as well as techniques, strategies and real-world experience for entering this blossoming region.

About HBA

HBA Global Expo & Conference, www.hbaexpo.com, is the most important product development source–from concept to market–for the cosmetics, personal care, skin care, fragrance and wellness industries and features a comprehensive educational program and exhibits floor with attendees coming from the top prestige, mass and emerging beauty and personal care brands worldwide.

HBA Global Expo & Conference will take place June 19-21, 2012 at the Jacob K. Javits Convention Center in New York.  Register online at www.hbaexpo.com/register with priority code: WEMT for a complimentary exhibits pass!

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Download a Free Copy of our In-Cosmetics 2012 Press Briefing

Irina Barbalova, head of beauty and personal care research, discusses the state of the global beauty market as well as new tactics beauty players are taking to drive growth.

Please complete the following form to download a free copy of the presentation. 

Hard Value, Secondary Brands and BRICs Identified as Key Luxury Goods Themes in 2012

Analyst Insight by Rob Walker, Senior FMCG Analyst at Euromonitor International

The luxury goods industry has shown a high degree of insulation from global economic volatility over the past five years, but what is the prognosis for 2012, and what are the main trends, opportunities and company strategies to look out for? Euromonitor International makes some New Year predictions for five key categories.

Designer clothing and footwear: Growth of diffusion brands

In 2012, designer labels will be up against a new set of challenges due to a new era of austerity in the developed markets. We will see stronger investment in secondary (or diffusion) luxury collections as a means to drive demand in lacklustre consumption bases, specifically Western Europe, North America and Japan.