Cosmetics exports from Korea surged 15% in 2020, thanks to growing demand from the US and other Asian countries, per the Korea Customs Service and the Korea Cosmetic Association. As soon as this statistic is updated, you will immediately be notified via e-mail. The Asia Pacific region, including China, has the biggest beauty industry market share, at 46%, followed by North America at 24%, and Western Europe at 18%. LOral is doubling down on the South Asia Pacific, the Middle East, and North Africa regions which will account for the bulk of LOrals new business over the next decade, per the company. The company invested in Curie Co, a startup that makes biomaterials to replace preservatives in everyday beauty and personal care products, through its JLABS incubator. G07-G09 Jalan Bukit Bintang Kuala Lumpur, Level G, Fahrenheit 88 Shopping Mall, Kuala Lumpur, Wilayah Persekutuan, 55100. Its AI Skin Diagnostic tool leverages AI-powered algorithms to analyze a users skin across dimensions including wrinkles, redness, oiliness, texture, and more to make personalized skincare product recommendations. Furthermore, China represents one of the fastest-growing markets for mens beauty and grooming products. ", National Retail Federation, Retail sales of Sephora in the United States from 2017 to 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1139843/retail-sales-of-sephora-us/ (last visited March 04, 2023), Retail sales of Sephora in the United States from 2017 to 2020 (in billion U.S. dollars) [Graph], National Retail Federation, September 27, 2021. Lack of representation reaches beyond foundation shades and marketing. Though brands commonly cite clinical studies alongside their products, consumers may become skeptical if they dont notice a difference in a real-world scenario, especially for products positioned as having a direct impact on health. They can view receipts on their smartphones after leaving the store. 14 photos. Top Sephora promo code: 20% Off. That could unravel some of the inroads that chains like CVS, Sephora and Walmart made in the aftermath of George Floyd's murder in 2020, when they promised to avoid racially biased practices . Sephora employees are most likely to be members of the democratic party. Figures prior to 2019 were taken from previous editions of the publication. Sephora launched a Teen Makeup Class in September 2016 that helps teenagers find products that best fit their needs. In doing so, the incumbent is diversifying its product portfolio and catering to new segments of shoppers whether they are seeking more affordable product lines, like The Ordinary, or more expensive ones, such as La Mer skincare, also owned by Este Lauder. News. National Retail Federation. TikTok, in particular, is a massive opportunity for brands, driving viral sales and reshaping consumer preferences. These companies formulate and package products to improve convenience and user experience, which eases consumers into using more sustainable products without changing their routines to accommodate, for instance, scoopable shower gels or chewable toothpastes. Covid-19 caused interest in categories like makeup which was already falling to further wane as consumers had fewer social engagements. However, more sophisticated approaches are starting to emerge, such as that taken by early-stage startup Zamface, which offers a platform to help viewers find a livestreamer with similar facial features to them. Rouge members, the highest tier, get the earliest access on Oct. 30; VIBs get access to the sale on Nov. 3. In 2020, retailer Revolve, for one, saw more deliberate purchasing behavior by consumers during the Covid-19 pandemic as well as a Covid-19-driven shift to product categories with lower price points and lower return rates, such as beauty, and away from occasion wear.. Investors have backed companies in this space such as skincare supplement startup Moon Juice, beauty-focused vitamin provider HUM Nutrition, and Nutrafol, a company offering supplements for thicker hair growth which has raised $36M from investors including Unilever. Sephora is planning its biggest expansion to date, opening 100 stores in the US. Beauty brands and conglomerates will increasingly use varied pricing strategies to appeal to a broader range of shoppers, with the goal of remaining essential to their routines. Meanwhile, incumbent brands like Chanel, YSL, and others are revamping their product launch and marketing strategies to attract younger shoppers. Nearly three quarters of all female customers who shopped at Sephora in the United States in 2016 were between the ages of 18 and 34 years . You only have access to basic statistics. Our estimates are verified against BLS, Census, and current job openings data for accuracy. This includes Asian beauty markets like China, which is a hotbed for virtual beauty thanks to its advanced mobile technologies and tech giants. Beauty hasnt historically been a key focus area for big tech, but these giants will inevitably continue to extend their influence in the sector. Male grooming has expanded beyond face washes, moisturizers, and basic hygiene products to include eye creams, face masks, sunscreen, makeup, and more over the past few decades. Already, the countrys male skincare market was more than twice the size of South Koreas and more than three times the size of the US market as of last year, per Euromonitor. Major opportunity exists in meeting the needs of cohorts beyond the young adult (ages 18 to 35) segment. Several brands are experimenting with biosynthetic ingredients: Beauty conglomerates have been active in developing biotechnology partnerships as well. There are currently 10 remote jobs available at Sephora, compared to 1,394 traditional jobs. In the Food & Personal Care market in the United States, sephora.com is ranked # 6 with > US$2,000m in 2021. Biotech ingredients-as-a-service company. Livestreaming, which refers to livestreamed shopping trips where viewers can purchase the items being featured, is offering a new way to engage younger audiences and boost sales. Social media has become a critical way for teenagers to find the trendiest products in line with their clean beauty needs and beyond edutainment for beauty and skincare products. The company raised a $4M seed round in May 2021. Nail care is also increasingly coming out of the salon and into the home. DOWNLOAD THE FULL REPORT BELOW This is one of the best Sephora products. CPG incumbents are also making moves. For instance, Aeroscena, which backs its scents with clinical research and also focuses on healthcare applications, has seen its fragrances used throughout select MGM Resorts in their wellness-focused Stay Well suites. As a Premium user you get access to background information and details about the release of this statistic. The Body Shop launched its refill stations globally in March 2021, allowing consumers to refill shower gels, hand soaps, shampoos, and conditioners in stores. (For more, read our brief on How Material Innovation Will Improve Sustainability In Beauty & Personal Care.). Even major brands took a hit: Coty (owner of CoverGirl and Rimmel) saw its share price drop 52% at the end of March, while Ulta Beauty 's stock saw a 29% decline though both have . Competitors and similar companies. The average employee at Sephora makes $43,889 per year. Since Fenty Beautys launch in 2017, inclusive beauty has become an industry buzzword, encompassing new demographic markets that are becoming increasingly important for the beauty industry to target. They are also quick to pick up the current beauty trends that Chinese consumers are drawn to, and are fast in launching products that leverage those trends, Nanyang Technological University associate professor Elison Lim said in an interview with Insider. Long controlled by retail conglomerates, the beauty industry has turned online. Another important factor in a successful omnichannel experience is the ability for store associates to connect with customers online. Along with the new members announced on Tuesday, Sephora also has launch partners through the end of the year which includes well-known influencers Monica Veloz, Tennille Jenkins and Tiff Benson . 4. I did read recently however that Sephora is launching its biggest expansion ever in 2020 . In addition to relying on doctors endorsements and scientific studies to prove their products efficacy, beauty stakeholders from brands to dermatologists to makeup artists are relying on social media platforms to educate users. Makeup, Skincare, Fragrance, Hair & Beauty Products | Sephora 2020 was a redefining year for every industry including beauty. My total 2020 Sephora pre-tax spend was $4749. Synthetic biotech company Amyris recently acquired a majority stake in sustainable cosmetics brand EcoFabulous the seventh clean beauty brand in its portfolio. 77% of Sephora employees are women, while 23% are men. Perfect Diary dropped an eyeshadow collaboration with the Metropolitan Museum of Art in 2019 and signed Australian singer Troye Sivan as an ambassador. Up to 50% Off Fenty Beauty + Free Shipping. The most common age range of Sephora employees is 20-30 years. However, that doesnt mean that the in-store experience is a thing of the past. Demographics Note: 01/01/2020-12/31/2020. Recycling models are also being adopted, such as those by early pioneers of the process MAC Cosmetics and Lush, both of which allow consumers to return empty product containers (to be recycled) for free items. Each floor at Sephora is equipped with a Mother's Room for new moms, and we provide each new mom a hospital-grade nursing pump. 23% of Sephora employees are male and 77% of Sephora employees are female. ( Statista) The company sells products under the hair color, skincare, sun protection, make-up, perfumes, and hair care categories. The Colorado-based beauty brand emphasizes ingredient transparency and restricts over 1,800 ingredients in its formulations (compared to the 30 restricted by US regulations). Nine states, including California, New York, and Maine, have enacted statewide plastic bag reduction laws or bans. And with a further emphasis on health and wellness, beauty brands have had to evolve from a one-dimensional category to something more holistic and inclusive. The data presented on this page does not represent the view of Sephora and its employees or that of Zippia. 03-19-2020 03:00 PM. Sustainability is a hot topic across virtually every sector, but its become a particularly important conversation within CPG, an industry with replenishable products historically featuring single-use packaging. Join 840,000+ CB Insights newsletter readers. The ultimate beauty destination. But the benefits of personalization, including serving those missed in mass-market product offerings, will push brands to strike a balance between preserving privacy and innovating for new revenue streams. Customers can also use technology throughout the store to get product information, digitally test items like skincare products, and find personalized recommendations by taking quizzes. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 60m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Beauty conglomerates and indie brands alike have tapped into this trend: LOral, Este Lauder, and Unilever have all pledged to reduce single-use packaging, while brands like Pai Skincare and HiBar are reducing virgin plastic use or moving away from plastic entirely. In December 2020, Google launched an AR-powered cosmetics try-on tool in Google Search, partnering with brands like LOral, Este Lauder, MAC Cosmetics, and more to let users try on searched-for makeup products using front-facing mobile phone cameras. In the physical Shiseido flagship store, customers wear connected wristbands that scan product signs and add items to digital carts. This inside-out approach emphasizes preventing issues that other beauty products may only be able to cover up. TikTok influencers Nel Twins also launched their own cosmetics line in April 2020, while the DAmelio family has worked with Morphe Cosmetics to roll out a variety of makeup products. Research Summary. Shop today! In recent years, one of the biggest ways ingredient transparency has manifested is through the clean beauty movement, which focuses on natural and organic products. For example, major retailers like Sephora, Macys, and Bluemercury have committed to the 15 Percent Pledge a promise to commit 15% of shelf space to Black-owned businesses. November 16, 2020. Consumers especially millennials and Gen Zers are leading the shift away from single-use plastic. The rankings eliminate fuel sales at locations designated as having a gasoline/fueling station as its primary business. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Source: Alizila. Following its $600M purchase of a 51% stake in Kylie Cosmetics in 2019, Coty snapped up a 20% stake in Kim Kardashians beauty business, In September 2019, SC Johnson purchased mens skincare brand, Edgewell announced plans to buy mens grooming brand, It was reported in October 2020 that mens personal care company. Going forward, expect to see beauty brands and tech giants alike turn to virtual try-on to gather shopper data and make more personalized product recommendations. Meanwhile, LOral, in partnership with tech startup Gjosa, developed a device called the Water Saver that reduces the amount of water required at rinsing stations in salons. Sent the wrong item to me (its value is only half of the price I paid for). Nordstrom. In China, Perfect Diary has become one of the countrys most talked-about beauty brands since launching in 2016, competing with well-known global players like LOral and Este Lauder, even while offering its products at a mass-market price point. Virtual try-on tech leverages augmented reality to allow shoppers to test how different beauty products will look without needing to reach for the makeup remover wipes afterward. With smart home concepts continuing to gain traction, beauty brands will have to consider how voice technology and partnerships with big tech could be used to address shopper pain points, from personalized recommendations to conveniently booking reservations. Many are addressing personalization with a variety of different technologies and approaches, such as: AI also presents a big opportunity for brands looking to further personalize processes, especially in areas like skincare analysis. Beauty-focused SPACs have emerged of late, including Powered Brands, which is looking to acquire between $800M to $1.5B of assets to compete with legacy beauty brands, and Waldencast Acquisition Corp., which is expected to ink deals in the $1.5B to $3B range. Sephora is the world's leading specialty beauty retailer, and a pioneer in the field of predictive analytics, topping the Retail Personalization Index two years in a row. In November 2020, Unilever-owned Vaseline launched the Equitable Skincare for All program in conjunction with actress Regina King and startup Hued to offer more training for dermatologists and resources for people of color. Good luck to all of our Community applicants! You need a Statista Account for unlimited access. Moving to off-mall locations, their aim is to get closer to their female target audience. The success of this expansion has been built upon Sephora's exceptional recruitment strategy, which has built teams of extraordinarily high quality. In a recent survey by the Harvard Business Review, 77 percent of top executives mentioned that they consider adopting artificial intelligence (AI) or Big Data a major challenge. Please create an employee account to be able to mark statistics as favorites. Sephora is a French multinational retailer of personal care and beauty products. As the pandemic subsides, customers are undoubtedly excited to return to their favorite spas and salons. Use Ask Statista Research Service. The open-sell environment . The heavy Midwest presence of Kohl's will allow Sephora to grow into a new market with limited real estate investment, allowing easy access to a new swathe of untapped shoppers. Featuring nearly 340 brands, [3] along with its own private label, Sephora Collection, Sephora offers beauty products including cosmetics, skincare, body, fragrance, nail color, beauty tools, body lotions and haircare . For example: Below, we look at where big tech and beauty are colliding. Target also has its own accelerator program, Target Takeoff, to mentor emerging beauty brands. Some beauty brands are even carrying out clinical studies to test out their products: Juice Beauty and ZO Skin Health both feature real patients results from clinical laboratory studies on their websites. At-home devices, which can measure user conditions, like the emergence of dark spots or surrounding environmental concerns, on a daily basis. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. As consumer values and expectations shifted, big beauty corporates and startups alike have been forced to adapt. easy canvas painting with black background. Often, it can be cheaper to incubate or accelerate new companies (that could serve as potential partners or acquisitions down the line) instead of developing in-house brands. Demographics. The brand's experience, famed for its playful and customer-centered approach, spans online and offline channels, with 2.3 million visits monthly to its site, a top-ranked Shopping app in the App Store, over 1 million . Learn more about Sephora and find answers to your questions regarding Company leadership, stores and the Beauty Insider program. Synthetic beauty ingredients are also getting attention. Get free shipping . Given rapid expansion plans and high demand, companies should keep an eye on quality control new plants can encounter hiccups that may compromise the final product. And while some trends will fizzle out, others will only expand their reach. Even major brands took a hit: Coty (owner of CoverGirl and Rimmel) saw its share price drop 52% at the end of March, while Ulta Beautys stock saw a 29% decline though both have since bounced back as the US beauty market is expected to recover and reach pre-pandemic levels in 2021. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Industry-specific and extensively researched technical data (partially from exclusive partnerships). The average employee at Sephora makes $43,889 per year. The service also works well for customers purchasing products they already know and love. During VIB savings events, you get different discounts based on your membership level: Beauty Insiders get 10% off, VIB members get 15% off and ROUGE members get 20% off. The company has a high value brand in cosmetics category in mind of its consumers. Skincare brands from Aesop to Ursa Major to Non Gender Specific have ditched gendered marketing, opting to package and sell unisex products that focus on specific skin concerns or conditions instead. Beauty markets across the globe are developing brands for internal consumption while also exporting them globally. 2. TikTok especially is gaining traction as a beauty product education and exploration platform, boosting sales when products go viral. For example, Glamera, which offers on-demand spa and makeup services, is based in Egypt. Sephora said it would dedicate 15% of its stores' shelf space to the products of black-owned companies, becoming the first major retailer in the United States to take the "15% pledge." Customers are increasingly demanding greater insight into what their products are made of, and ingredient transparency has become a top priority not only for beauty and personal care brands but also for CPG and retail companies more broadly. Customer journeys that combine the online world with the offline are here to stay. Hair color has seen a notable boost in the past year as lockdowns have prompted new forms of self-expression, per Sally Beauty Chief Merchandising Officer Pam Kohn. Beyond Fenty, a number of inclusion-focused brands like Mented Cosmetics, Urban Skin Rx, and Live Tinted have forged partnerships with larger retailers like Ulta Beauty, Target, and CVS to roll out their products nationally. Business Solutions including all features. Amid this shift, beauty has largely held its place in shoppers lives, attracting spending even when other product categories have taken a hit. Expect to see livestream shopping becoming more popular in the US after already taking off in China. Livestreamer Jiaqi Li promoting beauty products on Alibabas platform. The most common ethnicity at Sephora is White (54%). But its place in the beauty world is more secure than ever. It's open to all shoppers not just Beauty Insiders and traditionally runs from mid-March and again in September. Companies going after the space will have to calibrate their messaging carefully and prioritize transparency to successfully engage customers while managing expectations. After extensive research and analysis, Zippia's data science team found that: 77% of Sephora employees are women, while 23% are men. Sephora is an innovative skincare, beauty, and fragrance retailer catering to customers who want quality, freedom, and a positive shopping experience. In Asia, mens skincare and makeup has been a burgeoning trend for years now, with the US catching up only fairly recently, which some attribute to quarantine boldness.. An absolutely horrible company with poor business ethics. Show publisher information Mon to Sun: 10am - 10pm. lana tisdel 2020, did michael and jubilee break up,
