The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
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Learn moreFeb 2017
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The niche beauty segment has been under the spotlight over its impact on legacy brands in multiple categories, and its greater influence on the industry course in innovation. In turn, M&A activity is heating up for those players with the financial muscle to catapult their market sturdiness, as they seek high-yield ventures to widen their scope and renew their brand portfolios. The market is expected to become more fragmented, as more brands compete with a differentiated proposition to consumers.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
As BPC prospects increasingly favour the premium segment, the opportunity for niche brands is enhanced. Meanwhile, as mass brands feel the squeeze, it becomes imperative for brand owners to improve their price-value equation.
Trendsetting niche brands were among the best performers over 2010-2015, fuelling M&A interest among key industry players. While their success can be attributed to a unique standing in the market, growth may falter unless these brands are reinvented, as new disruptive entrants move in.
Euromonitor International’s Beauty Survey gives evidence of greater demand for luxury labels among high-income earners. On the other hand, while this demand can be linked to educational attainment, low-income professionals seek authenticity in their products, opening prospects for mass niche brands.
Small brands have been among the pioneers in spearheading evolution in the beauty industry manifested in product proliferation based around green and clean living, hybrids, wellbeing and multicultural influences among others. This is fuelling competitive pressures for legacy brands such as Johnson’s.
L’Oréal, Estée Lauder and Unilever have been among the most active players in pursuing niche labels to profit from their novelty and high value generation, consolidating their industry position, as mid-sized rivals become more distant.
In markets where few brands hold a significant category share such as oral care in Western Europe, the potential for niche entrants is high. Conversely, in fragmented markets, growth by acquisition is a better suited strategy, while seeking growth through targeted customisation.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.