As Gen Z will become the main consumer force in the future, it is important to understand how they are building their habits and preferences. At the same time, there is a fast evolution in the soft drinks industry to move away from the old perception of it being unhealthy, towards more health and wellness products.
Skinification is rapidly spreading across beauty and personal care. Euromonitor International explores the US consumer interest in skinification supported by self-care trends, highlighting future opportunities for players.
As the baby food market continues to grapple with challenges in birth rates and overall consumer mistrust, the 2022 formula shortages highlighted deeper underlying problems. As the market emerges into a recovery period, we may ask, what did we learn? An even more telling story lies then in analysing how the market has since adapted to prevent future similar cases.
Channeling multifunctionality and digital consumer education, electric toothbrushes catalyse oral care’s holistic development in the beauty space and bring the traditionally offline industry to online platforms.
While direct selling comprises a small proportion of beauty and personal care sales in North America, (less than 10% in 2022), the pandemic has brought new challenges and opportunities for players. Euromonitor International takes a closer look at how direct selling in North America has evolved since the emergence of COVID-19, highlighting strategies beauty players are undertaking to secure future success.
With the US having the largest economy in the world, a hard landing of the US economy will have widespread spill-over effects globally. Since the pandemic and the war in Ukraine, the US economy has faced exceptional circumstances that give rise to the risk of a recession. The prospects of a hard landing have increased substantially this year as persistent inflation and low unemployment could prompt an even more restrictive monetary policy than previously expected. Meanwhile, a sudden turmoil in the banking sector has added another layer of risk and uncertainty.