LUXASIA’s Post

𝐑𝐮𝐬𝐬𝐢𝐚 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) The Russia cosmetics market is projected to exhibit a growth rate (CAGR) of 4.40% during 2024-2032. The report provides a detailed analysis of competitors and regions, offering insights into the industry's landscape. It breaks down various segments, giving a clear view of how each part contributes to the overall market. By examining these segments, the report helps identify trends and patterns that may affect future strategies and planning. 𝐆𝐫𝐚𝐛 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gjEC-UkW 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐍𝐚𝐭𝐮𝐫𝐚𝐥, 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞, 𝐚𝐧𝐝 𝐌𝐮𝐥𝐭𝐢𝐟𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬: Consumers are demanding natural, effective, and multifunctional cosmetics that cater to specific skincare concerns. Brands are investing in R&D to develop innovative products that meet these evolving preferences. ● 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐎𝐦𝐧𝐢𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐑𝐞𝐭𝐚𝐢𝐥: E-commerce platforms and social media are enabling easier access to a wider range of beauty products. Omnichannel strategies, combining online and offline experiences, are enhancing the overall shopper journey. ● 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐭𝐡𝐢𝐜𝐚𝐥 𝐒𝐨𝐮𝐫𝐜𝐢𝐧𝐠: Consumers are gravitating towards eco-friendly and ethically sourced cosmetics. Brands are increasingly incorporating sustainable ingredients and practices into their product development. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gPbTGn5J #Cosmetics #BeautyProducts #Skincare #Makeup #BeautyIndustry #SelfCare #CosmeticProducts #SkincareRoutine #BeautyTrends #CosmeticMarket #BeautyTips #HealthAndBeauty #CosmeticIndustry #CosmeticBrands #BeautyEssentials #CosmeticCare

𝐑𝐮𝐬𝐬𝐢𝐚 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟎𝟐𝟒-𝟐𝟎𝟑𝟐) The Russia cosmetics market is projected to exhibit a growth rate (CAGR) of 4.40% during 2024-2032. The report provides a detailed analysis of competitors and regions, offering insights into the industry's landscape. It breaks down various segments, giving a clear view of how each part contributes to the overall market. By examining these segments, the report helps identify trends and patterns that may affect future strategies and planning. 𝐆𝐫𝐚𝐛 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅: https://lnkd.in/gjEC-UkW 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: ● 𝐍𝐚𝐭𝐮𝐫𝐚𝐥, 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞, 𝐚𝐧𝐝 𝐌𝐮𝐥𝐭𝐢𝐟𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬: Consumers are demanding natural, effective, and multifunctional cosmetics that cater to specific skincare concerns. Brands are investing in R&D to develop innovative products that meet these evolving preferences. ● 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐎𝐦𝐧𝐢𝐜𝐡𝐚𝐧𝐧𝐞𝐥 𝐑𝐞𝐭𝐚𝐢𝐥: E-commerce platforms and social media are enabling easier access to a wider range of beauty products. Omnichannel strategies, combining online and offline experiences, are enhancing the overall shopper journey. ● 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐭𝐡𝐢𝐜𝐚𝐥 𝐒𝐨𝐮𝐫𝐜𝐢𝐧𝐠: Consumers are gravitating towards eco-friendly and ethically sourced cosmetics. Brands are increasingly incorporating sustainable ingredients and practices into their product development. 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://lnkd.in/gPbTGn5J #Cosmetics #BeautyProducts #Skincare #Makeup #BeautyIndustry #SelfCare #CosmeticProducts #SkincareRoutine #BeautyTrends #CosmeticMarket #BeautyTips #HealthAndBeauty #CosmeticIndustry #CosmeticBrands #BeautyEssentials #CosmeticCare

Gurugram-based beauty and personal care company Honasa Consumer Ltd., the holding company of Mamaearth, has announced its latest venture called Staze, a colour cosmetics brand. Honasa Consumer Ltd. | Mamaearth | Varun Alagh | Ghazal Alagh Click on the link below to know more... #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailbusiness #retailsectornews #retailindia #retailtrends #ir #IndiaRetailing

10 #insights for #engaging #Indian #shoppers at the #online #beauty and #personal #care counter. The #consumer #purchase #journey is becoming more personalized and fragmented than ever before. In this #digital age, it's crucial to be #online or risk being overlooked. #Search is the new #shopping aisle, and offline action starts with #online #research. Online #video is the new beauty counter, and building #trust with consumers is key. Partnering with #creators can help establish that trust. Beauty shopping is a #visual #experience, and technology can transform the shopping experience. Consumer #loyalty can change, so it's important to keep up with the latest #trends and #innovations. Online shoppers carry bigger baskets, making it essential to provide a wide range of #products and a seamless shopping experience. In conclusion, understanding the nuances of the Indian #market and leveraging #technology is vital for #success in the online beauty and personal care industry. #Ethinos #RelevantInteractions #BeautyCare #Fashion #GenZ

eMarketer Key stat: US sales of store brand beauty products grew 10.5% in 2023, according to February 2024 data from the Private Label Manufacturers Association and Circana. Beyond the chart: 17% of US shoppers said they were buying more store brand products to cut costs, per a December 2023 survey by Intelligence Node in partnership with Dynata. Many beauty shoppers have begun turning to dollar stores to find low-priced beauty products, with many stores selling dupes of popular brands and even some national brands like Garnier and Maybelline. To court cost-conscious consumers, Target recently launched a new private label brand, dealworthy, offering an assortment of items (including beauty, home, and essentials) for lower prices, with most items under $10. #privatebrands #plma #beauty #emarketer

Brick-and-Mortar is dead. … long live Brick-and-Mortar. I just came across a fascinating article in WWD Beauty Inc about how beauty is poised to be the key driver for brick-and-mortar stores, especially in these uncertain economic times. At cosnova Italia, we believe brick-and-mortar will have its place in customers hearts and here's why I'm so excited about this article: 💄 Beauty is more than just products - it's an experience! ✨ Think about it. Trying on new lipstick shades, discovering the perfect skincare routine, or getting expert advice from a beauty consultant - these are moments of self-discovery and joy. By now, they can't be replicated online in the way how it is lived instore. This is why physical stores are so important for the beauty industry. 💄 And the good news is, beauty is booming! The article highlights the impressive growth of mass beauty brands, which offer high-quality products at accessible prices. This is a win-win for both consumers and retailers. People are looking for value, and innovative mass brands are delivering. A perfect moment for innovative, price attractive, quality mass market brands like essence & Catrice 😁. 💄 But it's not just about price. The future of beauty retail is about creating a truly inspiring in-store experience. Imagine sleek, well-organized displays that showcase the latest trends. Think knowledgeable staff who can offer personalized advice. Envision interactive elements that make trying new products fun and engaging. This is what will draw customers in and keep them coming back. 💄 The future is bright for beauty retail! As beauty leaders, we have a responsibility to work together - brands and retailers alike - to create a dynamic in-store experience that ignites our customers' passion for beauty. Stores should be a destination to get inspired, engage, interact, not just places to pick up products. Let's inspire confidence and creativity through the power of beauty! What are your thoughts on the future of beauty retail? I am looking forward to the conversation in the comments! Thanks Faye Brookman for this insightful, detailed article at WWD. Keep on ROCKING 🤘🏻, kind regards from marvelous Milano, Nadine © WWD #cosnovaItalia #retail #experience #brickandmortar #innovation https://lnkd.in/dTAgYYGt

Beauty retailers have been investing heavily in digital experiences to attract, engage and retain customers. But what about pharmacy retailers specifically? How are pharmacy retailers driving growth in the beauty category? We are seeing leading pharmacy retailers across the globe also roll out their own digital experiences for beauty, with their own flavour to match the needs of their loyal customers. Miikka Mäkiö, our SVP based in Helsinki, shares his thoughts on how some of the leading pharmacy retailers are approaching this space and how they are benefiting from their strategies. What are you seeing in your region? Would love to hear your thoughts or observations! #pharmacy #beauty #skincare #retail #beautytech

The brainchild of brother duo Mohit and Amit Goyal, cosmetic retailer Swiss Beauty is expecting to become a Rs 1,000 crore brand in two to three years. Founded in 2013, the Delhi-based brand expanded to encompass over 25,500 retail touchpoints across more than 550 cities in India. Click on the link below to know more... Amit Goyal I Mohit Goyal I Saahil Nayar I Shailendra Gaur I Rumi Ambastha I Farhan Khan I Anagha R Ratna #beauty #beautybrand #swissbeauty #cosmeticretail #retailexpansion #beautyproducts #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailtrends #retailbusiness #ir #IndiaRetailing

Honasa: A Case Study in Building a Beauty Powerhouse in India Honasa, the parent company of Mamaearth, has been making waves in the Indian beauty space. But what's their secret sauce? Let's break down their winning strategies: Omnichannel FTW! Honasa understood the power of going beyond online-only early on. Their focus on physical stores, reaching 10,000 by 2020, helped establish Mamaearth as a mainstream brand. This, along with a well-established distribution network, has been a game-changer. Building a House of Brands Honasa didn't stop at Mamaearth. Strategic acquisitions like BBlunt (premium salon channel) and Dr. Sheth's (dermatologist-formulated skincare) allowed them to cater to different segments. They also nurtured homegrown brands like The Derma Co (already at a ₹500 crore annual run rate!). Innovation is Key New product development is a priority for Honda. They're focusing on emerging trends like ayurvedic products (Ayuga) and water-based formulations (Aqualogica). This constant innovation is fueling their growth, with new products contributing 18% to sales in FY24. Challenges and the Road Ahead ️ The Indian beauty market is fierce. Established players and new entrants are vying for attention. Honasa will need to stay ahead of the curve by: 1) Focusing on core strengths: They've wisely decided to stick to the beauty and personal care space, avoiding distractions. 2) Building brand recall: Investing in marketing across online and offline channels will be crucial. 3) Reducing reliance on Mamaearth: While Mamaearth is a powerhouse, fostering the growth of other brands is essential for long-term success. What are your thoughts on Honasa's journey? How do you see them navigate the competitive Indian beauty landscape? Let's discuss in the comments! #Honasa #Mamaearth #IndianBeauty #Omnichannel #BrandBuilding Equivaluesearch

On our way back from a road trip, Khushbu Jethwani, Taruna Paryani, and I talked about our recent favourite sunscreens and foundations. More than the brand or deal we got, each one of us was eager to share how we found our shade at different #omnichannelbeauty stores. Khushbu mentioned she would try a few shades every day while working as a Sales Associate at Harrods. Taruna shared how she invested in mini-packaging testers before buying a full size. I relied on SEPHORA's expert recommendations, trying a couple of shades before finalising my purchase. This conversation sparked another discussion about a #negativeexperience at a popular outlet, where the staff seemed more interested in selling products based on their convenience. The store had missing testers, unorganized shelves, and untrained staff. In contrast, their competitor Tira created a completely opposite experience for each one of us. I received #recommendations tailored to my skin type, and all my questions were answered. Tira's focus on #techdriven experiences, like smart mirrors and fragrance finders, sets them apart. Their scanner provides real-time feedback. During my visit, my skin’s age matched my actual age, creating a #personalized and memorable experience. This shift in customer expectations is reflected in broader industry trends. The beauty and personal care industry in India in 2023 was estimated to be $28 billion by IMARC and is expected to reach $46 billion by 2032. Reports also suggest that there is a rise in demand for #nontoxic, #natural products in India. While some experts say that although Reliance Retail's Tira has big pockets, the Indian beauty industry is far from becoming monopolized. A report found that 46% of customers would prefer shopping in-stores over online and that 55% of customers have abandoned a brand because of one poor shopping experience in-store. The impact of a #positiveexperience: - 83% return to the store, - 63% spend more per visit, and - 63% support your brand online too! It’s clear that the #vibe and openness of a store can make or break a brand's image. Nykaa, as the first woman-led unicorn, revolutionized the beauty industry in India, becoming a household name in 12 years. Now, it's interesting to see how Tira will carve out its niche in the #luxury segment. Have you ever had a shopping experience that changed your perception of a brand? Share your thoughts below! #CustomerExperience #RetailTrends #BeautyIndstry