CosmeticsDesign’s Post

Interesting article on China's ever evolving beauty market, with spot on insights from Lydianne Yap

The Chinese beauty market is undergoing significant shifts, with domestic C-beauty brands gaining traction and reshaping the competitive landscape. Faced with even stiffer competition, this is prompting a re-examining of the product and marketing strategies of international conglomerates in China. What does this ultimately mean for the industry and the end consumer?

Thrilled to share this article featuring insights from my colleague Lydianne Yap about the state of the beauty market in China. Adding on to this, i believe that the 3.8 Women's Day shopping festival will serve as good indicator for gauging the market's resurgence. According to beauty insiders, it seems that pre-day promotions have surpassed expectations, particularly benefiting C-beauty brands. One thing that hasn’t received much attention and has somewhat flown under the radar is how Chinese beauty conglomerates like Proya Cosmetics are quietly but confidently establishing their own beauty empires. With Chinese brands now commanding approx. 50% of the market — a significant leap from 10% two decades ago — and consumer spending projected to reach parity with American standards within the next decade or so, the stage is set for Chinese beauty groups to ascend as true industry titans.

As an all-encompassing discussion of the industry present and future, the #FUTURE50 panel lineup wouldn't be complete without an expert-driven talk on the second-largest beauty market: China. Home to some of the most innovative brands and retail concepts, the region remains an intriguing landscape, but with slowing growth and struggles for international brands, growth doesn’t come easy. John Cafarelli, President of BeautyMatter, spoke to GABBY YJ C., President of Global Expansion, Florasis; Xiaofeng Gu, Head of Jing Intelligence, Jing Daily; and Charles Denton, Chairman of ERNO LASZLO, about the realities of entering and prospering in an increasingly competitive market, which is set to hit $96 billion by 2027, according to McKinsey & Company. Discover the key takeaways: https://lnkd.in/eXMT5PUu #BeautyMatter #beautyindustry #beautybusiness #china

Finding growth within the beauty category can be challenging if your consumers are planning on spending less in 2024. Perhaps you are considering expansion into new markets or beauty segments? We've got you! NIQ are joining forces with the @BritishBeautyCouncil to bring you a webinar where we will be Unmasking global beauty trends as a foundation for future success Why Attend? Insightful Analysis: Delve into the impact of current economic dynamics on consumer spending and how inflation influences buying behaviors. Global Opportunities: Discover which beauty markets are set to soar, with a focus on high-potential regions outside of Europe. Trend Dissection: Unpack the trends driving the beauty industry forward, supported by case studies showcasing success in action. Special Highlight: Join a Q&A panel of NIQ beauty experts and @Eric Lebre, Head of Market Intelligence and Insights UK&Ireland at L'Oréal, in an enriching session hosted by the British Beauty Council CEO, @Millie Kendall OBE 📅 Mark Your Calendar! Don’t miss this opportunity to enhance your strategic approach to the evolving beauty landscape. If you’re looking to understand market dynamics, capitalize on emerging trends, then this webinar is where you need to be. Tuesday 26th March @2pm GMT Reserve Your Spot Today! Got a burning question for our panel? Share it in the comments below https://lnkd.in/gQQFaers

Euromonitor International values the MENA region at over $46 billion and estimates it will reach around $60 billion by 2025. Women in the Gulf (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE)) spend an average of $63 on makeup and $52 on skincare per month, with men spending an average of $16 per month on skincare. DIVE DEEPER: BeautyMatter Middle East Market Report FREE download - https://lnkd.in/enPpWEYs Commissioned by Beautyworld Middle East and Beautyworld Saudi Arabia #research #sponsored #middleeast #marketreport #beautyindustry

C-beauty brands boast strong performance domestically, but to achieve true global reach, they may need to adapt their products and marketing strategies to appeal to the European and Western market. How can C-beauty brands compete with more establish Western brands and translate their success to resonate with a global audience? Kudos to Gemma A. Williams for exploring the hot topic of C-beauty’s rise in this insightful piece!

Come along to our first webinar of 2024 - What is Next to China Beauty!

🚀 Stay Ahead in the Beauty Industry with NielsenIQ's Global Beauty Innovation Report! 🚀 In the fast-paced world of beauty, innovation is key to staying competitive. Our Global Beauty Innovation Report provides a deep dive into the current and emerging trends that are shaping the industry across key markets. 🌍 With insights from this report, you'll gain: A comprehensive understanding of the trend landscape 🗺️  A global lens on how trends differ across regions 🌐  Real-world examples of successful innovations that are resonating with consumers 💡 Whether it's personalization, inclusivity, sustainability, or luxury for all, this report offers actionable insights to help your brand innovate and thrive. 🔍 Ready to unlock the full potential of beauty innovation? Purchase your copy today: https://lnkd.in/gKxWehgX #BeautyInnovation #GlobalTrends #NielsenIQ #MarketInsights #InnovationLeadership #PersonalCare  

We had the privilege of attending TD Cowen Inc.'s Glowing Ahead: Beauty & Wellness Summit yesterday in New York City, which has us now reflecting on the beauty industry (with a special round of applause for Andrew Stanleick, who shared his insights on the convergence of healthcare, beauty, and wellness during a panel discussion.) On a similar note, this week we've come across an interesting article exploring the prestige beauty category, which has seen impressive growth in recent years. Rachel Brown at Beauty Independent asks industry executives and experts to weigh in: is prestige beauty at its peak? What challenges or opportunities are on the horizon? Two particularly notable insights come from Cristina Nuñez of True Beauty Ventures and Andrew Ross for XRC Ventures, who both challenge the notion of prestige beauty peaking, honing in on an increasingly educated and well-researched consumer who actively seeks out higher quality products to achieve specific results.  Karen Hayes of Indie Global Strategies emphasizes the need for beauty brands to pursue international expansion, spotlighting partnerships with non-US-based retailers like MECCA Brands, Niche-Beauty.COM GmbH, and Oh My Cream ! as avenues for growth.  Margarita Arriagada of Valdé Beauty suggests turning our attention to the masstige beauty category, which faces oversaturation and profitability challenges posed by low-margin products. As we await more developments and emerging brands in the beauty and wellness industry this year, we're curious to hear others' expectations and insights. #beauty #retail #consumerstrends #insights #wellness