SEP 11-12, 2024

2023 Beauty Insights – 14th Edition

In a strategic move to bolster its research and development capabilities, L’Oréal has successfully finalised the acquisition of Lactobio, a prominent probiotic and microbiome research company headquartered in Copenhagen. This acquisition underscores L’Oréal’s commitment to advancing its understanding of the microbiome and fortifying its leadership position in this specialised field after two decades of dedicated research.

L ‘Occitane plans to open 10 to 15 stores a year in China market in the next five years, and the lineup of more than 250 stores listed on the brand’s official WeChat account has expanded to Qinghai and Xinjiang.

It is expected that the overall growth rate of China’s baby care market will reach more than 14% in 2023, and the growth rate will remain at about 8% in the next three years; Those mothers born after 1990 and 1995 with higher-income in first-tier cities are the main consumers; The consumption of baby care is mainly concentrated in the middle and high-end products above 65 yuan.

Wella Company is celebrating three years of sustained growth across its portfolio, marking its position as one of the fastest-growing companies in the sector. The company, specialising in the $100 billion hair and nail segment, reported high single-digit growth in constant currency for Fiscal Year 2023, solidifying its foothold in both developed and emerging markets.

Yves Saint Laurent (YSL) Beauty has joined forces with the Australian non-profit organisation Free From Family Violence (FVREE) as part of its global Abuse is Not Love initiative, dedicated to combating intimate partner violence (IPV) in over 25 countries. Abuse Is Not Love aims to educate two million people worldwide by 2030.

Australian retail sales in October saw a 1.2% year-on-year increase, reaching over $35.7 billion. Notably, the beauty and department store sectors showed resilience, with department stores experiencing a 0.4% uptick and other retail categories, including recreational, sporting goods, and cosmetics, maintaining stable spending (up 0.3%). In contrast, clothing, footwear, and accessories declined by 0.7%, while household goods recorded a 4.6% spending decrease, marking ten consecutive months of negative growth.

A pioneer in this field in the perfume world, young sustainable perfume company Bastille chose the RFID technology brought by Avery Dennison for its newly-launched Paradis Nuit fragrance and for its best-seller Pleine Lune. This technology offers direct product follow-up and provides consumers with guaranteed traceability and authenticity, simply by scanning a QR Code with a smartphone.

“A feeling of tenderness,” “a message of caring and sharing,” a shade “that awakens the senses”… These are some of the words that Pantone uses to describe the color it has selected for 2024, “Peach Fuzz,” a delicate, warm shade that is set to take over closets, makeup cabinets and home decoration accessories throughout the coming year.

Since its creation in 2012, the Alexandre.J brand has established a global presence. In contrast to the often-minimalist codes of niche perfumery, the brand boasts an opulent and sophisticated visual identity, as well as a desire to reach a public with varied budgets. Its latest collection, Art Nouveau, is aimed at a premium customer base in search of excellence.

During the period of this year’s “Black Friday” (October 27 – November 24), the GMV of TikTok Shop’s single-day in the United States (November 24) exceeded $33 million (about 236 million yuan). Among them, the GMV of personal care was about $5,354,300 (about 38.29 million yuan).