Analyst Insight by Nicholas Micallef - Beauty and Personal Care Analyst
Against a backdrop of consumers looking to improve their general wellness and appearance, the beauty industry is gradually transforming to become more health orientated. As a result, cosmetics companies are increasingly focusing their innovation efforts in this new direction.
In responding to these demands, new product development is steadily becoming ever more concentrated on the capability of addressing topical health conditions experienced by consumers. This requires sophisticated technology to offer efficacy as well as to combine beauty with therapeutic solutions. Most commonly, these products are known as cosmeceuticals, and are generally prevalent in the areas of hair and skin care.
Continue reading "Beauty and Healthcare in the Convergence Zone" »
Event: Cosmeeting 2014
Date: September 9-11, 2014
Location: Paris, France
Event Description: For 3 days in 1 prime location, COSMEETING Paris is offering the most comprehensive and innovative selection of finished products targeted to all distribution networks. Get an exclusive preview of the latest trends and beauty products!
Continue reading "Euromonitor to Speak at COSMEETING Paris" »
Analyst Insight by Virginia Lee - Senior US Research Analyst
The HBA Global conference took place in New York City’s Javits Center from 10-12 June. Digital beauty was a big theme at the conference as speakers talked about how growth in e-commerce, digital products, and social media has impacted the beauty industry.
Consumers Going Online to Buy Beauty Products
Online beauty sales are outpacing the beauty industry according to Diane Miles, Operating Partner at TSG Consumer Partners. Data from Euromonitor International shows that sales of beauty and personal care through internet retailing grew by a 15% CAGR from 2008 to 2013. In contrast, total global beauty and personal care sales grew by just 4% in the same time period. Ms Miles said that one in four beauty shoppers make beauty purchases online. Fifteen years ago, women purchased prestige beauty products from department stores in shopping malls and mass products from drugstores. Now, consumers have a wider range of options, including internet retailing, infomercials and home shopping, speciality retailers like Sephora, and subscription beauty boxes like Birchbox. Consumers are not just buying online but going online to obtain product information and compare prices. Avid beauty shoppers are also using smartphones and tablets to research beauty topics, sometimes even while they are in stores, a melding of modern and traditional shopping habits.
Continue reading "HBA Global 2014 Recap: Beauty Goes Digital" »
Analyst Insight by Nicole Tyrimou - Beauty and Personal Care Analyst
Back in February during LVMH’s annual shareholder meeting, Bernard Arnault stated that the company aims to make J’Adore the world’s best-selling women’s fragrance. He went on to say how the fragrance has already overtaken its main rival (Chanel No 5) in many markets around the world and has retained its leading position in France. This statement was reaffirmed by Mr Arnault at April’s annual general meeting when he credited the strong performance of Christian Dior fragrances, including J’Adore, as a key growth driver of LVMH’s Cosmetics and Fragrances division.
2013 marked a crucial turning point for both J’Adore and LVMH as J’Adore overtook Chanel No 5 to become the best-selling women’s fragrance in China. Of the top 10 markets in women’s premium fragrances in 2013, J’Adore ranked first in four of them, two more than its main rival, which had a higher ranking in the rest of the top 10 with the exception of South Africa.
Continue reading "The Battle of the Fragrance Titans - J'Adore Dior Vs. Chanel No. 5" »