[PRNewswire] The quest for health and a natural look boosts sales of beauty
products in Asia
-- Image conscious men increase use of skincare products and colossal opportunity remains for brands to extend footprint with 'male only' variants
-- The report findings show that personalised and customised product ranges will be more critical in 2020
(SINGAPORE, Nov. 27, 2019 PRNewswire=연합뉴스) Kantar, the world's leading data, insights, and consulting company, announced today that key drivers of growth in the Asia beauty market are natural ingredients that help consumers achieve good skin health, makeup that helps people obtain a natural look, and skincare products aimed at male shoppers. The Beauty Trends in Asia report highlights the key drivers behind the +8% growth in beauty product sales between 2017-18 compared to +4% for fast-moving consumer goods (FMCG) as a whole, while sales of personal care products in the region continue to outperform the total FMCG market.
For the full multimedia release, click here:
https://www.prnasia.com/mnr/kantar_201911.shtml
"Asian people believe health is almost twice as important to their happiness as having more money," says Ashley Kang, Head of Beauty Sector at Kantar Worldpanel division. "They see what they put on their skin as a health supplement - and this has changed the products and benefits they desire. They are extremely knowledgeable too, so brands must be transparent in their communications. The wellness trend is also encouraging certain emerging formats to thrive."
Derma-care is becoming mainstream
New sophisticated formats in skincare and makeup that provide derma-care properties are rising in popularity. Derma brands have reached almost 45% penetration in Korea, a massive influx from just over 25% in 2017. Their second highest reach is Taiwan at 40%, an increase from 37.6% in 2017.
Derma products contain sophisticated ingredients that deliver a high level of efficacy in treating specific skin issues, such as eczema, but are increasingly used to solve more general problems, such as sensitive skin and pollution protection. With consumer brands launching their own ranges, derma-care is increasingly more mainstream, when it was once a niche segment and a domain of brands with a heritage in pharmaceuticals. Developments in retail and distribution are helping to increase the footprint of these products outside drugstores.
The natural look is driving the launch of new ranges and variants
The most sought after look in Asia right now is a natural glow. Being well-hydrated is a prerequisite for this look, which has helped drive sales of serums that promise intense hydration. Penetration of serums is highest in Korea at 61%, rising from 58% in 2017. In China, penetration has increased from 18% in 2017 to nearly 26% today.
This 'effortless' natural look can require significant work. The specific makeup products that help people achieve the right translucent effect include liquid foundation, BB creams, and primer/concealer - all of which are soaring in popularity.
Kantar predicts that makeup that provides skincare or medicinal benefits will be a key growth area for the future. Various crossover products have already emerged between the skincare and makeup segments, such as toner cream that instantly brightens the skin. Positioning these products closer to skincare can be an effective strategy in China, where there remains a perception that the pigments in makeup could be harmful.
Men-only skincare is a major growth opportunity
The number of men using skincare products is also growing steadily across Asia, particularly in China, South Korea, and Thailand. They are buying in more categories as they add more steps to their beauty regime. However, most are still not buying products that have been created specifically for men. Products targeted at men contribute 10% of the total value sales for beauty in the region, but this segment is growing slower than unisex skincare brands.
"Men in their twenties are most likely to buy men-only skincare products, but as they get older they begin to use whatever products they find on the bathroom shelf," continues Kang. "There is a substantial growth opportunity here for brands that can shift spend from unisex products to men-only variants, and prevent men from 'lapsing' as they get older, particularly for products promising oil control, anti-aging, whitening, and sunscreen benefits."
Consumers crave products that are 'just for me'
Shoppers in Asia believe that if a product is tailored to them, it will be more effective -- and it also helps them to feel special. Customisation is rapidly gaining momentum in both skincare and makeup. Computer-aided diagnosis enables skincare brands to assess an individual's skin and formulate a product that provides the benefits specific to that individual. Makeup with customised colours, textures, and finishes is also growing in popularity.
Notes to editor:
The data and insights from this report come from the Worldpanel division's Beauty Panel in Asia. This unique Beauty Panel tracks the usage and shopper behaviour concerning beauty products.
About Kantar
Kantar is the world's leading data, insights, and consulting company. We understand more about how people think, feel, shop, share, vote, and view than anyone else. Combining our expertise in human understanding with advanced technologies, Kantar helps the world's leading organisations succeed and grow.
Further information about Kantar Worldpanel can be found at www.kantarworldpanel.com
Twitter [https://twitter.com/K_worldpanel/ ]
Facebook [https://www.facebook.com/KantarWorldpanelGlobal/ ]
LinkedIn [https://www.linkedin.com/company/kantar-worldpanel/ ]
A copy of the full report can be made available upon request.
For further information please contact:
Charles Chow
Head of Marketing, Asia
+65-68549132
Charles.Chow@kantar.com
Video - http://cdn4.prnasia.com/002071/mnr/201911/kantar/video1.mp4
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-a
Personal care is outperforming FMCG in Asia
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-b
Serums and masks are the fastest-growing facial skincare formats in Asia
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-c
Derma brands have reached almost 45% penetration in Korea and 40% in Taiwan
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-d
Asia Consumers believe bare faced, natural look as the priority
Logo - https://photos.prnasia.com/prnh/20190611/2492962-1logo
Logo
Source: Kantar
[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.
(끝)
<저작권자(c) 연합뉴스, 무단 전재-재배포 금지>
products in Asia
-- Image conscious men increase use of skincare products and colossal opportunity remains for brands to extend footprint with 'male only' variants
-- The report findings show that personalised and customised product ranges will be more critical in 2020
(SINGAPORE, Nov. 27, 2019 PRNewswire=연합뉴스) Kantar, the world's leading data, insights, and consulting company, announced today that key drivers of growth in the Asia beauty market are natural ingredients that help consumers achieve good skin health, makeup that helps people obtain a natural look, and skincare products aimed at male shoppers. The Beauty Trends in Asia report highlights the key drivers behind the +8% growth in beauty product sales between 2017-18 compared to +4% for fast-moving consumer goods (FMCG) as a whole, while sales of personal care products in the region continue to outperform the total FMCG market.
For the full multimedia release, click here:
https://www.prnasia.com/mnr/kantar_201911.shtml
"Asian people believe health is almost twice as important to their happiness as having more money," says Ashley Kang, Head of Beauty Sector at Kantar Worldpanel division. "They see what they put on their skin as a health supplement - and this has changed the products and benefits they desire. They are extremely knowledgeable too, so brands must be transparent in their communications. The wellness trend is also encouraging certain emerging formats to thrive."
Derma-care is becoming mainstream
New sophisticated formats in skincare and makeup that provide derma-care properties are rising in popularity. Derma brands have reached almost 45% penetration in Korea, a massive influx from just over 25% in 2017. Their second highest reach is Taiwan at 40%, an increase from 37.6% in 2017.
Derma products contain sophisticated ingredients that deliver a high level of efficacy in treating specific skin issues, such as eczema, but are increasingly used to solve more general problems, such as sensitive skin and pollution protection. With consumer brands launching their own ranges, derma-care is increasingly more mainstream, when it was once a niche segment and a domain of brands with a heritage in pharmaceuticals. Developments in retail and distribution are helping to increase the footprint of these products outside drugstores.
The natural look is driving the launch of new ranges and variants
The most sought after look in Asia right now is a natural glow. Being well-hydrated is a prerequisite for this look, which has helped drive sales of serums that promise intense hydration. Penetration of serums is highest in Korea at 61%, rising from 58% in 2017. In China, penetration has increased from 18% in 2017 to nearly 26% today.
This 'effortless' natural look can require significant work. The specific makeup products that help people achieve the right translucent effect include liquid foundation, BB creams, and primer/concealer - all of which are soaring in popularity.
Kantar predicts that makeup that provides skincare or medicinal benefits will be a key growth area for the future. Various crossover products have already emerged between the skincare and makeup segments, such as toner cream that instantly brightens the skin. Positioning these products closer to skincare can be an effective strategy in China, where there remains a perception that the pigments in makeup could be harmful.
Men-only skincare is a major growth opportunity
The number of men using skincare products is also growing steadily across Asia, particularly in China, South Korea, and Thailand. They are buying in more categories as they add more steps to their beauty regime. However, most are still not buying products that have been created specifically for men. Products targeted at men contribute 10% of the total value sales for beauty in the region, but this segment is growing slower than unisex skincare brands.
"Men in their twenties are most likely to buy men-only skincare products, but as they get older they begin to use whatever products they find on the bathroom shelf," continues Kang. "There is a substantial growth opportunity here for brands that can shift spend from unisex products to men-only variants, and prevent men from 'lapsing' as they get older, particularly for products promising oil control, anti-aging, whitening, and sunscreen benefits."
Consumers crave products that are 'just for me'
Shoppers in Asia believe that if a product is tailored to them, it will be more effective -- and it also helps them to feel special. Customisation is rapidly gaining momentum in both skincare and makeup. Computer-aided diagnosis enables skincare brands to assess an individual's skin and formulate a product that provides the benefits specific to that individual. Makeup with customised colours, textures, and finishes is also growing in popularity.
Notes to editor:
The data and insights from this report come from the Worldpanel division's Beauty Panel in Asia. This unique Beauty Panel tracks the usage and shopper behaviour concerning beauty products.
About Kantar
Kantar is the world's leading data, insights, and consulting company. We understand more about how people think, feel, shop, share, vote, and view than anyone else. Combining our expertise in human understanding with advanced technologies, Kantar helps the world's leading organisations succeed and grow.
Further information about Kantar Worldpanel can be found at www.kantarworldpanel.com
Twitter [https://twitter.com/K_worldpanel/ ]
Facebook [https://www.facebook.com/KantarWorldpanelGlobal/ ]
LinkedIn [https://www.linkedin.com/company/kantar-worldpanel/ ]
A copy of the full report can be made available upon request.
For further information please contact:
Charles Chow
Head of Marketing, Asia
+65-68549132
Charles.Chow@kantar.com
Video - http://cdn4.prnasia.com/002071/mnr/201911/kantar/video1.mp4
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-a
Personal care is outperforming FMCG in Asia
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-b
Serums and masks are the fastest-growing facial skincare formats in Asia
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-c
Derma brands have reached almost 45% penetration in Korea and 40% in Taiwan
Photo - https://photos.prnasia.com/prnh/20191125/2647417-1-d
Asia Consumers believe bare faced, natural look as the priority
Logo - https://photos.prnasia.com/prnh/20190611/2492962-1logo
Logo
Source: Kantar
[편집자 주] 본고는 자료 제공사에서 제공한 것으로, 연합뉴스는 내용에 대해 어떠한 편집도 하지 않았음을 밝혀 드립니다.
(끝)
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관련뉴스
