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New Insights into Under-Targeted Age Groups in Health andBeautyReport Details:Published:November 2012No. of Pages: 81Price: Single User License – US$2950This report offers a completely fresh look at how Health and Beauty consumption habits differ byage, allowing marketers to understand peoples consumption patterns like never before. Thisoffers unique opportunities to effectively target new consumer groups, behaviors, and trends,based on actual empirical data in Health and Beauty consumption across 10 core countries.Introduction and LandscapeWhy was the report written?Health and Beauty consumption habits evolve with age; therefore, an in-depth study of how keyconsumption patterns and trends differ by age is vital in order to spot the consumer groups thatoffer more value than has been currently achieved in Health and Beauty markets, and capitalizeon these opportunities.What is the current market landscape and what is changing?Fear of Aging is the key driving force within Health and Beauty markets, and while acceptance ofthe inevitable aging process is slowly growing, strong pressure remains to, at the very least, lookgood for your age. Greater knowledge of the causes of aging is driving a shift from “curative” to“preventative” anti-aging products.What are the key drivers behind recent market changes?Marketers in the Non-BRIC region are already adjusting to aging populations as a result of longerlife expectancies and the transition of baby boomers into retirement age; however, marketers inChina and Russia are also going to have to increase their targeting of Older Consumers aspopulations in these countries are a lot older than some might think. In contrast, Brazilian andIndian Health and Beauty markets are driven by large, and increasingly affluent, youngpopulations.What makes this report unique and essential to read?The analysis provided is unique in the market as it tracks consumption behavior by age through toits actual impact on a product market, which provides readers with a unique analysis of Health and
Beauty markets, driven by survey-based data on consumer trends and groups, and integrated withmarket data, which quantifies the precise consumption of key consumer groups and the influenceof key motivators. Knowing who to target with what products allows marketing tactics andstrategies to be updated to meet new and valuable opportunities.Key Features and BenefitsThe value and volume of key age groups and their consumption habits in 10 core countries isquantified through a unique integration of survey and market data, which This allows the impact ofconsumer trends to be compared by age group, showing where hotspots to target exist andexactly which trends are most important to target.Concise case studies show how leading brands and retailers are effectively targeting keyconsumer trends and consumption behaviors.Key Market IssuesAs consumer awareness of the causes and effects of aging increases, theres a shift in behaviorfrom seeking “curative” solutions to “preventative” anti-aging, which safeguards against the agingprocess in the first place. This extends the anti-aging concept to include young consumers andvastly increases the number of people who might consider using these products, and createslifelong consumers of anti-aging products.The Russian population is in decline; the country will have 3.5 million fewer people in 2016 than itdid in 2011. Despite this, the value of Health and Beauty markets in Russia will still record aCAGR of 10.8% during 2011-2016 as the economy grows and modern retail formats continue toexpand. Health and Beauty marketers in Russia can survive this decline in the countryspopulation, but they must be able to effectively target the leading trends and consumer groups togain full value from the market.A restricted disposable income means consumers want better value for money. While this oftenmeans they will trade down or limit their consumption, increased awareness of the relationshipbetween a products price and its quality means consumers are, occasionally, also prepared tospend more for less volume if the quality of the product is worth it. Older Young Adults are theyoungest age group to consistently display this behavior.Tweens and Early Teens are sophisticated consumers who have grown up in an environmentwhere they are increasingly targeted by marketers; these consumers want adult-like brands andproducts, but parents are still actively involved in their childrens consumption choices and willprevent consumption of brands or products they feel are not age appropriate.Male grooming is an important growth market and is also one that isnt limited to Young Adults, butis important for Mid-Lifers as well. Older mens use of Health and Beauty products needsencouraging, more so than Young Adults who have grown up in an environment where specific
“for men” brands and products are widely available. Mid-Life males use the fewest Health andBeauty products by overall volume of any age group, but are increasingly concerned about theirappearance and some could be encouraged to use a greater range of Health and Beauty productsmore regularly.Key HighlightsBrazil and India will present key opportunities for marketers, with rapid population growth drivingrapid value growth. Meanwhile, consumers in China and Russia will be trading up as both thesemarkets will record double digit value CAGRs during 2011-2016, despite limited population growth,negative even in the case of Russia. Marketers need to consider how they are going to transitionconsumers in China and Russia from value products to mid-tier and premium products.While the anti-aging concept is established in Skincare, opportunities exist to extend this to othermarkets; for instance, over-exposure to the sun is proven to prematurely age skin, so make-upbrands such as Almay are responding by including SPF protection in their foundations.Furthermore, Suncare products are beginning to include ingredients associated with anti-agingSkincare products; however, the extension of the anti-aging concept to Health and Beautyproducts that arent applied to the skin is more complex.The Individualism consumer trend influences a greater value share of Early Young Adults Healthand Beauty consumption than for any other adult age group. Targeting this desire for self-expression doesnt mean appealing to the most image-driven cultural groups; the majority of EarlyYoung Adults simply want a product that is a little bit different from the norm. Early Young Adultslive in a marketing-saturated environment; therefore, products with some unique aspect to them,such as limited editions, will appeal to them.Many Older Consumers feel ignored by advertising, which is often targeted at young adults, andnew products that fail to recognize their complex need states. Most marketing directed at OlderConsumers is ineffectual and this age group is undervalued overall. However, Older Consumersalready substantial effect on Health and Beauty markets is only going to increase, both in the Non-BRIC region and in China and Russia. Brands such as MAC Cosmetics have launched campaignsfeaturing older women, yet this remains a youth-focused brand responding to the significantnumbers of Older Consumers who also happen to use MAC products, rather than a concertedeffort to target mature consumers on a par with the resources used to reach the 18-34demographic.Targeting age-related needs is vital among the youngest and oldest consumers in Brazilian Healthand Beauty markets. Trust is also an important issue for Mid-Lifers and Older Consumers; amidBrazils rapid industrialization, these consumers need to be assured that the products they usehave been made using trustworthy production processes.Companies Mentioned in this Report:
Almay, Aveeno, Batiste, Benefit Cosmetics, Body Shop, Bulldog Natural Grooming, Colgate ,EstéeLauder ,EtsyGet your copy of this report @http://www.reportsnreports.com/reports/204171-new-insights-into-under-targeted-age-groups-in-health-and-beauty.htmlMajor points covered in Table of Contents of this report include1 Executive Summary2 Industry Dynamics2.1 Definitions2.1.1 Market coverage definitions2.1.2 Age Group Definitions2.1.3 Defining consumer trends2.1.4 Volume units and aggregation2.2 Key Growth Markets of the Future2.2.1 Skincare and Make-up offer the greatest absolute growth in the future2.2.2 The next five years will see average consumer spending increase2.2.3 Brazil is a key opportunity, as is Skincare in Europe2.2.4 Young consumers are key in BRIC, but Older Consumers shouldnt be forgotten about either2.2.5 Non-BRIC Older Consumers are being under-served in Make-up3 Key Issues: Aging, Demographics and Recession3.1 Fear of Aging drives Health and Beauty consumption3.1.1 Introduction3.1.2 In Skincare, offering prevention is better than cure3.1.3 Opportunities still exist to extend the anti-aging concept to other markets3.1.4 Mid-Lifers and Older Consumers arent looking for Anti-aging Haircare, but do have age-related needs3.2 The importance of demographics as a driver of BRIC markets should not be under-estimated3.2.1 Population time bombs exist in China and Russia3.2.2 Targeting under-consuming Older Consumers is a fundamental long term strategy in China3.2.3 Declining population size will limit future growth in Russia3.3 Marketers must provide Better Value for Money in the Non-BRIC Region3.3.1 The recession meant women moved the salon into the house3.3.2 Consumers in the Non-BRIC region will still pay premium prices for quality products3.3.3 Small affordable treats allow consumers to indulge4 Improving the Effective Targeting of Age Groups4.1 Kids and Babies, and Tweens and Early Teens4.1.1 Brazil and India are the key youth markets to target4.1.2 Young consumers want products designed to meet age-specific needs4.1.3 Sophisticated Tweens and Early Teens want “mature” products, but parents must beconvinced first
4.1.4 Tweens and Early Teens have limited spending power4.2 Early Young Adults4.2.1 China and India are the key Early Young Adults markets to target4.2.2 Early Young Adults want products made for their gender at a good price4.2.3 Products must meet Early Young Adults individual needs4.2.4 Fun and novelty is appealing to Early Young Adults4.3 Older Young Adults4.3.1 China and India are the key Older Young Adult markets to target4.3.2 Unique products, at the right price, are important for Older Young Adults4.3.3 Older Young Adults have an evolving notion of value for money4.3.4 Older Young Adult Men want their own Skincare products4.4 Pre-Mid-Lifers4.4.1 China is the key Pre-Mid-Lifer market to target4.4.2 Consumer Trends are relatively weak among Pre-Mid-Lifers4.4.3 Private Labels offer Better Value for Money to Pre-Mid-Lifers in the Non-BRIC region4.5 Mid-Lifers4.5.1 Russia is the key Mid-Lifer market to target4.5.2 Beauty is still a pressing concern among Mid-Lifers4.5.3 Mid-lifers fear aging4.5.4 Mid-life men want to look good for their age too4.6 Older Consumers4.6.1 Older Consumers are a key, and often overlooked, market in Europe4.6.2 Products targeting Older Consumers must meet age-specific needs, without alienating thisgroup4.6.3 Older Consumers are the forgotten consumers5 Country Profiles5.1 Key Features of Health and Beauty Markets by Country5.2 Brazil5.3 China5.4 France5.5 Germany5.6 India5.7 Italy5.8 Russia5.9 Spain5.1 UK5.11 US6 Appendix6.1 Supplementary Data for Figure 4: The lower the per capita consumption, the faster the marketwill grow6.2 Supplementary Data for Figure 5: Fragrances, Make-up, Skincare and Suncare in BRIC areyouth-oriented markets
6.3 Supplementary Data for Figure 6: Over 45s use almost half of the volume of Make-up and OralHygiene products in the Non-BRIC region6.4 Survey Methodology6.5 Definitions6.5.1 Consumer Trends Framework6.5.2 Country Coverage and Region Definition6.5.3 Volume Units and Aggregations6.6 About Canadean6.7 DisclaimerList of TablesTable 1: Age Group Definitions 11Table 2: Growth by Market (%), 2006-2016, and Market Value (US$ Million), 2011 13Table 3: Growth (%) by Country: Market Value and Population, 2011-2016 15Table 4: Volume Share Influenced by the Changing Age Structures Consumer Trend in theShampoo and Conditioner Categories (%), 2011 23Table 5: Rank (Out of 20) of Selected Consumer Trends Among Mid-Lifers and Older Consumersin the Shampoo and Conditioner Categories, 2011 23Table 6: Top Three Consumer Trends (out of 20) among Older Consumers in China by ValueShare Influenced (%), 2011 27Table 7: Top Three Consumer Trends (out of 20) among Older Consumers in Russia 28Table 8: Volume Share Influenced by the Personal Space and Time Consumer Trend in HairColorants (%), 2011 29Table 9: Volume Share Driven by the Indulgence Consumer Trend among Females in SelectedMarkets (%) and Rank (out of 20), 2011 31Table 10: Health and Beauty Marketers 2011-2016 Value CAGR (%) and Kids and Babies ValueShare (%) and Population (million) 34Table 11: Health and Beauty Markets 2011-2016 Value CAGR (%) and Tweens and Early TeensValue Share (%) and Population (million) 35Table 12: Health and Beauty Markets 2011-2016 Value CAGR (%) and Early Young Adults ValueShare (%) and Population (million) 40Table 13: Value Share Influenced by the Individualism Consumer Trend (%), 2011 41Table 14: Health and Beauty Markets 2011-2016 Value CAGR (%) and Older Young Adults ValueShare (%) and Population (million) 44Table 15: Median Weekly Earnings in the US by Age Group (US$), Q2 2012 46Table 16: Top Three Consumer Trends in the Male Older Young Adults Skincare Market byVolume Influenced (%), 2011 47Table 17: Health and Beauty Markets 2011-2016 Value CAGR (%) and Pre-Mid-Lifers ValueShare (%) and Population (million) 49Table 18: Categories with the Ten Highest and Lowest Private Label Volume Shares for Pre-Mid-Lifers in the Non-BRIC region (%), 2011 51
Table 19: Health and Beauty Markets 2011-2016 Value CAGR (%) and Mid-Lifers Value Share(%) and Population (million) 53Table 20: Rank of Selected Trends in Skincare for Mid-Lifers, Men vs. Women 57Table 21: Health and Beauty Marketers 2011-2016 Value CAGR (%) and Older Consumers ValueShare (%) and Population (million) 58Table 22: Volume Share of Make-up Categories accounted for by Older Consumers in the Non-BRIC Region (%), 2011 60Table 23: Leading Two Consumer Trends (out of 20) among Older Consumers in Make-upCategories by Volume Influenced, 2011 60Table 24: Health and Beauty Market Value Growth (%), 2011-2016, and 2011 Per CapitaConsumption (US$) 72Table 25: Market Value Share by Age Group in the BRIC Region (%), 2011 75Table 26: Market Value Share by Age Group in the Non-BRIC Region (%), 2011 75Table 27: Consumer Trends Framework 77Table 28: Country Coverage and Region Definition 78Table 29: Health and Beauty Volume Units 79List of FiguresFigure 1: Extending anti-aging beyond Skincare increases the market value this concept cantarget 9Figure 2: Skincare and Make-up to record the largest absolute growth during 2011-2016 13Figure 3: China and Russias Health and Beauty markets will record rapid value growth despitelimited population growth 14Figure 4: The lower the per capita consumption, the faster the market will grow 16Figure 5: Fragrances, Make-up, Skincare, and Suncare in BRIC are youth-oriented markets 17Figure 6: Over 45s use almost half of the volume of Make-up and Oral Hygiene products in theNon-BRIC region 18Figure 7: Strong potential exists for preventative anti-aging Skincare products among YoungAdults 20Figure 8: Skincare brands such as Estée Lauder are targeting demand for “preventative” anti-aging products 21Figure 9: Extending anti-aging beyond Skincare increases the market value this concept cantarget 22Figure 10: Targeting solutions, not ages, in Haircare 24Figure 11: Marketers must take into account population time bombs in China and Russia 25Figure 12: The value shares of Chinas Health and Beauty markets accounted for by OlderConsumers are lower than their share of the population, especially for Beauty products 26Figure 13: Russian Older Consumers are key users of Oral Hygiene products and Fragrances 28Figure 14: Salon-style hair-dye for Mid-Lifers 30Figure 15: Online commerce sites such as Etsy provide a platform for niche and craftmanufacturers to find a large audience in Health and Beauty 31
Figure 16: The Body Shops indulgent positioning meant growth in sales during 2010 and 2011 asconsumers fatigued by austerity looked to treat themselves 32Figure 17: Despite economic problems in the countries in which it operates, the Body Shoprecognizes that consumers still want to pamper themselves 32Figure 18: Brazil and India are the key Kids and Babies markets to target 33Figure 19: Brazil and India are the key Tweens and Early Teens markets to target 35Figure 20: Meeting age-related needs with quality products is vital for Kids and Babies 36Figure 21: Tweens and Early Teens look for products which meet age and gender needs 37Figure 22: GeoGirl targets the sophisticated Tween and Early Teen Market, but much of its focusis on convincing parents that their cosmetics are age-appropriate 38Figure 23: China and India are the key Early Young Adult markets to target 39Figure 24: Gender-specific products at good value key to targeting Early Young Adults 41Figure 25: Limited edition Dry Shampoo 42Figure 26: Ranging from off-beat to risqué, Benefit cosmetics advertising emphasizes the fun ofthe brand 42Figure 27: China and India are the key Older Young Adult markets to target 43Figure 28: Older Young Adults will trade up, if the quality is right 45Figure 29: Increased income means Older Young Adults begin to look more for quality, notquantity 46Figure 30: Older Young Adult men do not use Skincare products as often as women 47Figure 31: Bulldog uses shaving as a starting point to get men to diversify the Skincare productsthey use 48Figure 32: China the key Pre-Mid-Lifer market to target 48Figure 33: Pre-Mid-Lifers want value for money in functional Health and Beauty markets 50Figure 34: Private label consumption increases with age in the Non-BRIC region 51Figure 35: Russia the key Mid-Lifer market to target 52Figure 36: Mid-Lifers want to look good for their age, but at the right price 54Figure 37: Revlon extends the anti-aging concept to Make-up and includes SPF protection tocombat a known cause of premature aging 55Figure 38: Mid-Life males use the fewest Health and Beauty products by volume (Liters categoriesonly) 56Figure 39: LOréal use unusual spokesmen such as Hugh Laurie and Eric Cantona to assure Mid-Life men that Skincare products are for them 57Figure 40: Older Consumers will drive Health and Beauty markets in Europe, yet theyre oftenunder-valued 58Figure 41: Value-driven Older Consumers want products to “cure” the effects of aging 59Figure 42: MACs Beauty Icons Campaigns have featured increasingly older women 60Figure 43: Key Features of Health and Beauty Markets in Brazil by Age Group 62Figure 44: Key Features of Health and Beauty Markets in China by Age Group 63Figure 45: Key Features of Health and Beauty Markets in France by Age Group 64Figure 46: Key Features of Health and Beauty Markets in Germany by Age Group 65Figure 47: Key Features of Health and Beauty Markets in India by Age Group 66
Figure 48: Key Features of Health and Beauty Markets in Italy by Age Group 67Figure 49: Key Features of Health and Beauty Markets in Russia by Age Group 68Figure 50: Key Features of Health and Beauty Markets in Spain by Age Group 69Figure 51: Key Features of Health and Beauty Markets in the UK by Age Group 70Figure 52: Key Features of Health and Beauty Markets in the US by Age Group 71Figure 53: Issue Report Methodology 76Contact: email@example.com for more information.