Research
shows that women in general spend 90 mins every day to appear beautiful. It’s
amazing that marketers have leveraged this aspiration to build a strong
category to enhance beauty of the women! Multiple product formulations and
brands are available to fulfil beauty cue from head-to-toe. Millions of dollars
spent every year on R&D to bring-in new usage patterns and create a product
which is not hackneyed and inspires new consumption patterns.
Let us look at the market opportunity briefly. There is crux
of personal care branding which abetted category creation, increase in penetration
and per capita consumption.
Presently, Indian personal care market stands at Rs 18,000 Cr ($ 4 billion). It’s clearly segmented as Beauty & Wellness, Skincare and Haircare. Most of the brands are leveraging their brand equity from single category to expand and create line extensions in other categories to buy-in consumer loyalty for a single brand. (Refer image)
Presently, Indian personal care market stands at Rs 18,000 Cr ($ 4 billion). It’s clearly segmented as Beauty & Wellness, Skincare and Haircare. Most of the brands are leveraging their brand equity from single category to expand and create line extensions in other categories to buy-in consumer loyalty for a single brand. (Refer image)
If you analyse the evolution of Indian personal care market
since 1995, post economic liberalisation and with the entry of International
brands consumers’ awareness towards internal beauty, through a proper diet and exercise,
and external beauty by using natural products for maintaining a healthy skin
has increased. In such scenario brands have to put enormous effort to convince
the consumer about the product and its functional benefits.
L’Oreal, Garnier,
Lakme, Revlon strongly manifest scientific beauty both in the positioning and
communication. They have already established the brand equity and have created
consumer franchisee globally basis scientific positioning. Consumers in west
are evolved and there is strong trust in the brands those who manifest
scientific proof in product development and benefit. Unlike West, Indian
consumers have mixed behavior; it is because of long drawn tradition and
culture. Indian consumers who are exposed to global brands have developed trust
on the scientific beauty products. However, there is a huge untapped market of nouveau
riche those believe in mix of science and nature to gain beauty. These customers
ponder that scientific beauty products are effective and act very fast but
don’t last, while natural beauty products work slowly but are effective and
stay for a longer duration (that’s why you will find success of Homeopathic and
Ayurvedic medicines in India)
Inecto (United Kingdom |
Another classic example of beauty through nature & science is Clarin’s. Clarins Spas can be found in luxury hotels worldwide. They harmoniously bring together local tradition and the brand's unique know-how to offer prestigious, one-of-a-kind, exclusive therapy. They strongly manifest amalgamation of beauty and therapy relying completely on nature to bestow its benefits ‘the 100 % natural way’. Today, the group has presence in around 150 countries. Clarins international success is due to their exceptional product range and exceptional spa treatments of unrivalled quality to deliver beauty through nature and science
The above examples clearly evince the shift in consumers’
mindset and preferences when it comes to beauty. Whether it is product/service
offering problem-solution or prevention everything has to give the end result
of beauty through a balance of nature and science. If the
international/domestic brands have to connect with growing Indian consumers’
then they have to revisit their branding strategies, if they have not already.
A billion people country may be having billion behaviours and mind-sets but all
of them look for single proposition of Beauty
with an amalgamation of nature and science.
Rajesh, 90 mins are too less for a woman to look beautiful...:-)
ReplyDeleteWell, good insights and i agree to your points that beauty is the end benefit and we all look for scientifically proven natural products