What to Watch for in The Growing Skincare Industry

Why are Organic Skincare Products Becoming Popular?

The growing popularity is not the only factor that is driving demand for organic skincare products. A steady increase in distribution channels is allowing consumers to choose the best products. E-commerce platforms allow consumers to enjoy access to products they can’t buy from their local malls and stores. Such advancements pave the path for numerous emerging skincare brands.

Products indicate the evolving preferences of consumers for better health, beauty, and hygiene in modern times. Thus, R&D efforts and new technologies will result in the development of oral care and other hygiene products from various brands.

The modern consumer is willing to pay a high price for such products, first, because consumers now trust organic products more, especially from countries like Japan, U.S., China, and India; second, because organic products claim more benefits than synthetic products. Consumers are keen to purchase these products because natural ingredients ensure fewer to no side effects.

The Effect on Popular Beauty Brands

Successful brands are already working to capture the target audience that is slowly shifting towards organic products. Big brands are now setting up internal incubators that are quick to launch groundbreaking skincare products. For instance, Unilever, the brand behind world-famous products such as Suave and Dove, acquired new skincare-focused brands. Another famous brand, Procter & Gamble, added another skincare brand to their portfolio when they bought Kiwi. That’s because the company from New Zealand was making headlines because of their natural products.

Additionally, the skincare industry is observing a shift from an older consumer base to a younger consumer base. Thanks to the global impact of fashion influencers on the internet, teens are now beginning to capture the market more than women do. Hence, skincare brands are now targeting the younger generation and making efforts to retain their older consumer base.

The U.S. skincare industry is now focusing on using natural ingredients for manufacturing safe and organic products. According to a survey, 35% of women showed interest in using all-natural and organic skin products in 2016.

Hence, brands continue to develop innovative skincare products that are great for us and the environment. The concept of using locally sourced ingredients and adapting eco-friendly production methods is also gaining more popularity.

The Future of Anti-Aging Organic Products

Emerging and successful brands are producing a variety of organic anti-aging creams, lotions, and serums. Today’s consumers are more wellness-conscious than before. Groundbreaking trends like CBD, Ayurvedic herbs, and personal rituals are changing the way consumers use skincare products.

Modern consumers look forward to developing a deeper relationship with their wellness. That’s the reason many brands focus on creating an “experience” rather than a “product.” Another factor to consider is that many of our current interest-driving skin concerns were less relevant in the past. Work-related stress during the pandemic, sun protection, and pollution influence brands to develop new and improved skincare products. UV exposure, daily exposure to pollution, and premature aging are common problems of today’s consumers; consequently, brands are switching to natural and local ingredients to develop relevant and effective products.

Consumers believe that natural products will reverse or slow down the progression of these problems. Organic skincare products do not have parabens or synthetic ingredients, which guarantee effective results.

Bottom Line

Cell communicating ingredients can improve the appearance of our skin. Brands are partnering with researchers and scientists to identify the most valuable elements and ingredients for improving the health of our skin. Skincare brands continue to place a high emphasis on manufacturing products out of natural and local ingredients, an approach that will help them drive revenues and expand their services in emerging markets such as Africa, Asia Pacific, and the Middle East.

Sources

https://www.wellandgood.com/skin-care-trends/

https://crstoday.com/articles/2015-aug/a-consumers-perspective-on-skin-care/

https://www.grandviewresearch.com/industry-analysis/organic-personal-care-market

https://www.prnewswire.com/news-releases/survey-35-of-women-plan-to-increase-purchases-of-all-natural-beauty-products-in-next-two-years-300334992.html

https://www.unilever.com/news/press-releases/2015/unilever-to-acquire-dermalogica-skincare.html

https://retailleader.com/pg-acquires-kiwi-skin-care-brand#:~:text=The%20company%20has%20acquired%20New,also%20includes%20SKII%20and%20Olay.