PRO - 2030 Beauty Trends - Ebook - v2
PRO - 2030 Beauty Trends - Ebook - v2
beauty trends
accelerated after
COVID-19
Leading the BPC industry
to a more ethical,
science-based future
Content
01. Introduction
COVID-19 has impacted every single aspect of consumer lifestyles. From the
global economy to the psychological factors that arise from uncertainty and
distress, people around the world have experienced a shift in their lives with
no recent precedents.
This lifestyle shift has naturally translated into changes of behavior, including
consumer behavior.
On top of that, this sanitary and economic crisis has come at a time of great
transformation in every industry, but also specifically in the beauty and
personal care market.
In short, it could be said that there were two main trends already shaping the
BPC market before COVID-19:
3 • Technology and communication: before 2020 and COVID-19, brands were
already reshaping the way they communicated with consumers due to the
rise of digital technology. Companies had been changing towards a new
more social paradigm, where a two-way interaction between client and
company was the new rule.
• Sustainability and brand ethics: for a while now, consumers have been
more aware of climate change and the impact that different economic
activities have on the environment.
This has made brands rethink their strategies in the search for new, more
sustainable ingredients and processes that appeal to environmentally aware
consumers. This transformation has conveniently blended with the natural
and organic beauty trend.
Besides, company ethics related to worker rights or animal welfare have
also been put on the spot, and brands have been looking for new formulas
to respond.
In order to transmit company efforts in sustainability and ethics, a new
transparency approach has been adopted by many BPC companies, in
beauty claims and beyond.
COVID-19 has taken these two transformations and amplified them,
2030 beauty trends accelerated after COVID-19, leading the
accelerating the pace at which BPC brands must react to them in order to
survive in an increasingly competitive market.
BPC industry to a more ethical, science-based future
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02. The consumer-
2030 beauty trends accelerated after COVID-19, leading the
BPC industry to a more ethical, science-based future
behavior
transformations
that BPC brands
must address
Technological changes and environmental trouble were already shaping a
new BPC landscape before COVID-19. These were not transient trends but
were rooted in deep transformations that have altered consumer values
5
and lifestyles.
First, there are a few new consumer values detected by Mintel on their
‘2030 Global Consumer Trends’ that had been shaping the BPC market:
1. Wellbeing: consumers are demanding products that enhance their physical
and mental wellbeing. This new approach, where both mind and body are
interconnected, leads to new BPC claims that might also explore concepts
such as de-stressing products.
2. A connection to nature: feeling connected to the external environment
is increasingly important to consumers. This is, in part, responsible for a
renovated interest in natural and organic ingredients and products.
3. New technology: consumers are more and more used to looking for
solutions to their needs using technology. This also includes the shift in
communication with brands, where a two-way approach is now preferred.
4. Human rights: rights for minorities, the end of racial injustice and a
renovated interest in feminism are again on the spot. Consequently,
consumers are interested in brands that support equality and human rights
in a tangible and verifiable manner.
5. Value: clients are looking for companies that can provide them with value
2030 beauty trends accelerated after COVID-19, leading the
and meet their needs in a satisfactory way. This includes all customer
experiences, from product research to post-sale support.
BPC industry to a more ethical, science-based future
(1) Source: Lightspeed/Mintel; Dynata/Mintel cited in 'How COVID-19 acceletared the 2030 BPC trends' (2020)
(2) Source: Lightspeed/Mintel; Dynata/Mintel cited in ‘How COVID-19 acceletared the 2030 BPC trends’ (2020)
This translates into beauty products that can now be targeted to specific
2030 beauty trends accelerated after COVID-19, leading the
lifestyles and behaviors (for instance, formulas that help prevent damage
caused by pollution on hair or skin, targeted to urban consumers).
BPC industry to a more ethical, science-based future
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
Respondents
Short-term change only (2020) Mid-term change, but will eventually return to pre-crisis norms
Source: Euromonitor International Voice of the Industry: Beauty and Personal Care survey, October 2020, N=961
4. Finally, these eco-ethical claims must be communicated in a transparent
2030 beauty trends accelerated after COVID-19, leading the
and honest light. It’s also important to reinforce the positive steps that
brands are taking to protect the environment, eliminating negative claims
BPC industry to a more ethical, science-based future
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03. What has shifted
2030 beauty trends accelerated after COVID-19, leading the
BPC industry to a more ethical, science-based future
Along with the previously mentioned long-term changes that had been set in
motion for the past years, a new set of transformations were prompted by the
health crisis caused by COVID-19 and all the social and economic adjustments
that were made in order to halt its spread.
New priorities have taken place in people’s lifestyles and mindsets,
9 translating into specific consumer behaviors and values that accelerate the
transformations observed in the last few years.
These new trends can be summarized into 3 key movements that beauty and
personal care brands must follow closely:
A couple of stats serve as testimony: on the one hand, the Online Retail
BPC industry to a more ethical, science-based future
Results report by IMRG Capgemini observed that online sales grew 74% in
January 2021 compared to January 2020, just in the UK. On the other hand,
McKinsey found that, during the first quarter of 2020, the rate of eCommerce
penetration in the US grew by 10 years in a 90-day period. This now means
that around 33% sales in the US are online.
Shifts in Sales Channels 2020
Travel retail
Salon and spas
Department stores
Beauty specialist retailers
Tradicional grocery retailers
Mass merchandisers
Direct selling
Drugstores/parapharmacies
0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%
10 Respondents
Source: Euromonitor International Voice of the Industry: Beauty and Personal Care survey, October 2020, N=1,037
Digital engagement
Focus on hygene, prevention, protection
Ethical products and brands
Health-inspired beauty/therapeutics
New formulations
Wellness beauty
New ingredients
Alternative distribution models
New packaging sizes
New packaging functionality
Inclusivity
Personalised product experiences
Product portability
Personalised products
DIY/product alternatives
Changing textures
0% 20% 40% 60%
Respondents
Source: Euromonitor International Voice of the Industry: Beauty and Personal Care survey, October 2020
for sustainability,
BPC industry to a more ethical, science-based future
87.3% 88.5%
Energy saving processes of production Achieving the Sustainable Development Goals NEW
63.6% 69.1%
51.4% 65.8%
49.8% 63.6%
53.4%
51.4%
49.7%
48.6%
% of respondents
this 2020 survey shows how this issue is now considered from an extended
point of view: working conditions, suppliers, and local communities are now
BPC industry to a more ethical, science-based future
science
A brand’s honesty and expert authority are key factors in the post-
COVID-19 world. Consumers’ key values have been altered after this sanitary
crisis, while other long-term factors mentioned above have made the focus on
science and transparency a key factor for clients to trust a brand.
In a way, consumers are looking for transparent and authentic BPC companies
that are clear about their product claims and processes. A brand that
provides effective, science-based results and brings experts to the forefront
will be more likely to avoid online criticism and crisis and, instead, build
lasting relationships with loyal clients.
In a world where fake news and information overload abound, brands
must take the lead to display true expert voices and scientifically proven
16 information and make an effort to communicate this in a clear manner.
Credibility can thus become a company’s biggest asset.
It’s however important to be able to convey a scientific and authentic message
while also focusing on the positive attributes of a product or company. Brands
must stay away from negative marketing and make sure they’re able to
communicate how their products are a solution to consumers’ needs.
There are many ways technology is helping brands communicate their
science-backed facts and give voice to their experts.
For instance, one particularly effective strategy has been developed by some
brands, offering personalized virtual consultations for clients and prospects,
who can pose their questions to a brand’s sales team and experts.
This strategy manages to combine consumers’ new interest in hearing about
scientific claims, their need for connection through technology, and their
demand for personalized content that caters to their specific needs.
3. Create a community
2030 beauty trends accelerated after COVID-19, leading the
BPC industry to a more ethical, science-based future
Social distancing, anxiety over health and security, and lockdown measures
have taken their toll on a physical and emotional level. As a reaction,
consumers are now more than ever looking for connection and belonging to a
community, as highlighted in Mintel Trend Driver Identity.
In fact, beauty and personal care products have become part of people’s
identities, where consumers look to control how they present themselves to
the world. BPC products can also enable the creation of communities and
belonging, the “clean beauty” movement being an example of this.
In order to generate this community and sense of belonging, brands must
be willing to originate memorable experiences that speak directly to their
clients’ emotional needs.
Thanks to technological innovation, the idea of community has expanded
and can now exist in the digital world. In fact, during lockdown periods, the
most successful brand strategies have involved companies taking the lead into
creating communication opportunities.
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This is in part why the ever-present live streaming events have been
successful: they fostered communication between consumers and brands
(including influencers), but also among clients themselves, in open discussions
and comments.
But communities can also be built offline, taking all necessary precautions
in a safe environment, while also generating exclusive and memorable events
that take customer experience one step beyond.
Finally, communities can also be defined by the possibility of being
entertained together. In this context, the generation of dynamic, interactive
online content will gain traction in the next few years.
Platforms such as Shoploop from Google offer an idea of what this looks like:
users can discover new beauty and personal care products by watching short
videos. They can then share, save or directly purchase the product.
4. Take the lead in ethics,
2030 beauty trends accelerated after COVID-19, leading the
Accelerated
Pollution 5.0%
Water 5.5%
Energy 10.4%
Waste 11.4%
Recycling 15.5%
enhanced during and after the pandemic. In fact, between 2020 and 2025,
71.1% of companies plan to invest in supporting employee programs, while
BPC industry to a more ethical, science-based future
41.1% will invest in supply chain resilience, according to the Voice of the
Industry: Sustainability Survey, 2020.
Packaging is at the forefront of this discussion, with many consumers now
being reticent to plastics or an excessive package.
Companies must research and redesign their packaging in order to obtain
safe, hygienic, and eco-friendly solutions. Later, this must be conveyed in an
efficient and transparent way to consumers, including the now ubiquitous
and easy-to-understand measure of carbon footprint, which already
differentiates brands and their efforts for sustainability.
But sustainability goes even further and makes companies rethink their
processes in a new, creative light. For instance, some brands have created
unique algae-based products that are grown and produced upon clients’
orders, eliminating excessive stock.
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Considering all
these factors...
...many would argue that there’s a new, exciting time ahead for the BPC
industry.
At the heart of the next few years in the market lies an unparalleled
opportunity for product innovation, with new values that are beyond
transient trends and will see those brands creative enough to adjust thrive.
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