Winds of Change: Reimagining Growth in the Global Beauty Industry

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Euromonitor Senior Analyst Nicholas Micallef presented this session at in-cosmetics global on April 4, 2017 in London. This session examines global beauty industry trends, growth, and consumer priorities.

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Winds of Change: Reimagining Growth in the Global Beauty Industry

  1. 1. WINDS OF CHANGE: REIMAGINING GROWTH IN THE GLOBAL BEAUTY INDUSTRY NICHOLAS MICALLEF SENIOR INDUSTRY ANALYST - BEAUTY AND PERSONAL CARE 04 APRIL 2017
  2. 2. THE GLOBAL PICTURE: DETECTING GROWTH POCKETS LESS IS MORE: A LIFESTYLE REDEFINING CONSUMER VALUES AND PRIORITIES SHIFTING CONSUMER PRIORITIES CREATE CROSS-INDUSTRY OPPORTUNITIES FUTURE SCENARIOS
  3. 3. © Euromonitor International 3 3 4 5 6 7 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 %RetailvalueGrowth Global Beauty and Personal Care / Premium / Mass Growth Total Beauty and Personal Care Premium Beauty and Personal Care Mass Beauty and Personal Care Premium Beauty Consolidates As Industry’s Growth Engine THE GLOBAL PICTURE: DETECTING GROWTH POCKETS 20bn US$ of extra value to come from premium beauty by 2021 54% Of total premium beauty revenues by 2021 to be generated by US and China
  4. 4. © Euromonitor International 4 US$ 7-30BillionUS$ 60 Billion Growth Shifts: US Solid, EM Mixed Results of Falter and Recovery THE GLOBAL PICTURE: DETECTING GROWTH POCKETS US$ 141 Billion US$ 92 Billion 8.7% 6.8% 9.2% 5.2% 4.6% 1.8% 4% %value growth US$ fixed 2016 BRAZIL 4.8% INDONESIA 10.6% INDIA 9.2%SAUDI ARABIA 1.3% MEXICO 6.7% EGYPT 16.6% RUSSIA 9.8%
  5. 5. © Euromonitor International 5 0 1 2 3 4 0 2000 4000 6000 8000 10000 12000 14000 16000 %CAGR AbsoluteValueGrowth(US$million) Beauty and Personal Care Forecasts by Region 2016-2021 Premium BPC Mass BPC % CAGR Total BPC North America Dominates Scope with Premium Beauty THE GLOBAL PICTURE: DETECTING GROWTH POCKETS US$90 North America’s per capita expenditure on premium beauty in 2021. Highest global spend and increase over 2016
  6. 6. © Euromonitor International 6 0 1 2 3 4 0 20 40 60 80 100 120 140 Skin Care Hair Care Colour Cosmetics Fragrances %CAGR RetailValueSales(US$billion) Global Beauty and Personal Care: Historic vs Forecast Sales Growth in Key Categories Value Sales 2016 Absolute Sales Growth 2016-2021 Historic CAGR Forecast CAGR Premium Segment Buoys Skin Care and Colour Cosmetics THE GLOBAL PICTURE: DETECTING GROWTH POCKETS
  7. 7. © Euromonitor International 7 0 2 4 6 8 10 12 14 16 18 Facial Moisturisers Anti-Agers Facial Make-Up Lip Make-Up Eye Make-Up Face Masks Facial Cleansers 0 1 2 3 4 5 6 %Y-oYGrowth AbsoluteValueGrowth(US$billion) Top Categories by Forecast Absolute Growth and % CAGR 2016-2021 Absolute Growth 2016-2021 (Constant Prices) 2015 Growth 2016 Growth Pursuit of Prevention and Wellness Echoed In Thriving Categories THE GLOBAL PICTURE: DETECTING GROWTH POCKETS
  8. 8. © Euromonitor International 8 0 40 80 120 Fogg Vult Urban Decay Wardah Beautrio E.L.F. Honest Innisfree The History of Whoo IT Cosmetics One Leaf Dollar Shave Club Too Faced Rodan + Fields NYX Seeyoung Harry's Fast Growing Brands 2015-16 (<20%) Beauty Industry Growth Drives Reflect A More Diverse Landscape THE GLOBAL PICTURE: DETECTING GROWTH POCKETS 0 10 20 Yunnan Baiyao La Roche-Posay Lakmé Kiko Milano Himalaya Yanbal OGX Tom's of Maine Monange Faberlic Yunifang Carolina Herrera Patanjali Tom Ford Rituals KanS Bulldog Smashbox Fast Growing Brands 2015-16 (10-20%)
  9. 9. © Euromonitor International 9 Skin Care and Make-Up a Hotbed For Niche and Start-Up Activity THE GLOBAL PICTURE: DETECTING GROWTH POCKETS Personalised skin care through diagnostics with focus on skin renewal over anti-ageing positioning Exuviance Cover Blend Skin Caring Foundation SPF 20, make-up born out of a dermocosmetic brand Deciem’s Niod Photography Fluid, a skin care and make-up hybrid Dr. Russo’s sun protective facial cleanser
  10. 10. THANK YOU FOR YOUR ATTENTION For more insights, contact: Nicholas Micallef Senior Industry Analyst - Beauty and Personal Care Twitter: @NichMicallef To download the full presentation, click here.

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