Beauty and Personal Care: Quarterly Statement Q4 2020

Introduction

Scope

Euromonitor International and COVID-19: forecasts and analysis

Beauty and personal care COVID-19 data and reporting timeline

Q4 2020 Macroeconomic Update

Summer was more optimistic, but the pandemic starts the second wave

In our baseline view, economies start rebounding in 2021

Three scenarios examining the impact of a more severe outbreak

Our view in short

Forecast real GDP growth in 2020 under different scenarios

Q4 2020 BPC Update

Further downgrades for 2020 but a better recovery expected in 2021

2021 rebound in sight even under C19 pessimistic 1 scenario

Mixed geographical responses in Q4 2020

Home seclusion and dip in inbound tourism hit premium beauty in Japan

Big uncertainty surrounding India’s recovery

Shift towards essentials revitalises staples, prompting an upbeat outlook

Therapeutic skin care to thrive in both the mass and premium segments

“Maskne” solutions increase growth potential for acne treatments

Digital testing and subscription models to revive fragrances

Soft drivers and the Industry Forecast Model (IFM)

Soft drivers: how we quantify these COVID-19 specific effects in the IFM

Cleansing products to flourish on the back of improved hygiene practices

Investment in digital continues to proliferate

Sustainability efforts support narratives of purpose and conscious beauty

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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