The report highlights that the global beauty industry is undergoing a tectonic shift, with significant growth opportunities for mass products in emerging markets (on the back of the growing middle class) and premium products in developed countries. It further identifies the top players from the sector, startups disruptors, as well as non-beauty retailers venturing into the market through organic and inorganic routes. The report concludes that the time is right to network in support of fundraising and commercial partnerships with established and emerging industry players
Key trends highlighted in the report include:
- Instore + online model is more effective than the standalone e-commerce model
- Shop-in-shop concept is gaining momentum
- Fast-fashion model for beauty is gaining increasing popularity amongst youngsters
- Significant e-commerce “replenishment” opportunity for global players
- Korean brands have a huge influence on the global beauty market
- Consolidation continues with a drive to attain scale, new capabilities, and entry into new geographies
