Beauty and Personal Care Quarterly Statement Q3 2021

September 2021

This briefing provides updates on Euromonitor’s August 2021 forecast restatement for the Beauty and Personal Care industry. A more positive economic outlook over the past quarter has led to an upgrade to the global beauty forecast. Rising confidence and faster vaccination campaigns have boosted the recovery pace for China, United States and markets in the Eurozone.

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Euromonitor International and Coronavirus (COVID-19): Forecasts and analysis

Macro Model

Global macroeconomic model, updated to reflect COVID-19’s impact on GDP and unemployment.

Three new macro scenarios built to reflect potential virus progression and macroeconomic impact.

Passport Baseline

2020 data, 5-year forecasts updated to reflect COVID-19’s impact on consumer demand and corporate strategy.

Forecast Dashboard

New macroeconomic estimates, updated analyst research combined into a single forecasting tool.

Three COVID-19 scenarios built to reflect the potential industry impact of various virus progression outcomes.

Analysis

Strategy briefings discussing COVID-19’s impact across a range of industries.

Industry updates to follow, examining the latest impacts of COVID-19 on consumer demand and corporate strategy.

Introduction

Scope
Euromonitor International and Coronavirus (COVID-19): Forecasts and analysis
Beauty and personal care COVID-19 data and reporting timeline

Q3 2021 Macroeconomic Update

Strong global economic recovery underway
Downside risk factors remain significant
Real GDP annual growth forecasts and revisions from last quarter, AE
Real GDP annual growth forecasts and revisions from last quarter, EMDE

Q3 2021 BPC Update

Slight upgrade to global beauty forecast
China shows the highest quarterly forecast upgrade, followed by the US
Positive soft drivers to outweigh negative ones as industry recovers
Premium beauty rebound supported by Asia and younger generations
Premium beauty surpasses growth expectations compared to mass
Renewed interest in fragrances supported by China and the US
Skin health at the center of skin care dynamics
“ Maskne ” further drives awareness of skin health
Companies strengthen investment in skin care to accelerate growth
Skin-powered make-up gaining traction across both US and China

About Our Industry Forecast Model

About Euromonitor International’s Industry Forecast Model
Soft drivers and the Industry Forecast Model
Growth decomposition explained
Significance and applications for growth decomposition
Key applications for Industry Forecast Models
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