Shrey Chauhan’s Post

𝗛𝗨𝗟 𝗹𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗻𝗲𝘄 𝗯𝗿𝗮𝗻𝗱 𝗶𝗻 𝗕𝗣𝗖 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 • HUL is set to launch its luxury cosmetic brand, Hourglass, in the Indian beauty and personal care market. Known for its cruelty-free premium makeup and skincare products. • Hourglass will be available through HUL's dedicated counters in department stores and various e-commerce platforms. • This new brand will compete with established names like Bobbi Brown, Estee Lauder, and Sephora, offering customers both online and offline shopping options. 𝗛𝗨𝗟 𝘁𝗼 𝗲𝘅𝗽𝗮𝗻𝗱 𝗶𝘁𝘀 𝗕𝗲𝗮𝘂𝘁𝘆 𝗽𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼 𝘁𝗼 𝗺𝗲𝗲𝘁 𝘀𝘂𝗿𝗴𝗲 𝗶𝗻 𝗱𝗲𝗺𝗮𝗻𝗱 • HUL has maintained its position as a market leader with established    brands like Lakme and Dove. • It is now set to introduce Hourglass as a new offering, with potential future expansions to include Tatcha and Living Proof, though those plans remain tentative. 𝗥𝗶𝘀𝗲 𝗶𝗻 𝗽𝗲𝗿 𝗰𝗮𝗽𝗶𝘁𝗮 𝗶𝗻𝗰𝗼𝗺𝗲 𝗶𝘀 𝗱𝗿𝗶𝘃𝗶𝗻𝗴 𝗮 𝘁𝗿𝗲𝗻𝗱 𝘁𝗼𝘄𝗮𝗿𝗱 𝗽𝗿𝗲𝗺𝗶𝘂𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻. • Market data indicates that the middle class is increasingly willing to invest in premium products. This shift in consumer demand is beneficial for HUL, as its premium portfolio contributes 35% to overall revenue.  • The company is focusing on high-margin, low-penetration segments to capitalize on this trend. #HUL#Beauty#Skin#Care#FMCG#Premuim#Hourglass#Lakme#Dove Rishabh Kale

TOP 100 BEAUTY COMPANIES: 2023 was a record year with sales reaching $245.17bn (+5.3% or +18bn! vs. 2022). L’Oréal owns 18% (!!) of that, and the top 10 companies almost 60%. More than 3/4 of the TOP 100 have increased their sales, 37 of them double-digit. Just 21 players registered sales declines, and none of them by more than 20%. Interestingly, companies with a broader portfolio across distribution channels did better than those focused on the premium market only. Only exceptions have been high-end fragrance companies who continued to outperform the market. But the landscape shifted, and the agility and cultural relevance of the world’s leading manufacturers was key to their performance. As consumers’ purchasing power is shrinking, they seem more and more discerning about how and where they spend. This is particularly the case in China affecting especially the big players. The market is heavily skewed towards premium products while given the economic slow down, many consumers are moving to bulk purchase. Japanese players were doubly penalized due to consumer backlash over the release of wastewater from Fukushima into the Pacific Ocean. Skin health and dermocosmetics continued to accelerate, while it was another tough year for the majority of direct sellers. Thank you, WWD for pulling this analysis together for us! #beauty #top100 #landscapeshift #consumers #growth

India, is a hot destination for global beauty players, as they tap into the huge demand and potential of this diverse market.  some highlights: -> NARS Cosmetics from Shiseido partnering with Shoppers Stop has exceeded early sales expectations -> L'Oréal reaches 50,000 salons in 400 (out of 800) cities, with a vision to expand to more untapped areas and consumers. --> India’s beauty and personal care market is expected to be worth a whopping $30 billion, with a projected 10% annual growth rate till 2027. --> #kbeauty is creating a buzz among Indian teens, who are drawn to its trendy and natural offerings. --> India’s population is young, diverse, and beauty-conscious, with a growing appetite for new and innovative products. Get all the latest trends, innovations and more at Cosmoprof Worldwide Bologna Cosmoprof India Redseer Strategy Consultants Peak XV Partners TheEconomic Times

L'Oréal CEO Nicolas Hieronimus sent shares of his company and others downward following comments that the global #beauty market will grow at 4.5-5.0% in 2024, compared to a previous forecast of 5.0%. The key culprit was weakness in the Chinese market. This is creating significant interest among brands in the Indian beauty market, which is anticipated to grow nearly 15% annually through 2026, totaling $28.9 billion by the end of the forecast period. Not to mention that McKinsey & Company recently noted that #India is "expected to emerge as a new hot spot." Here's what's happening in the market and what brands and retailers are doing to capture growth.

🌟 Exploring the Untapped Potential of Lingerie Brands in India 🌟 India is already a global hub for lingerie manufacturing, with many major international brands sourcing their products from here. Despite this, the domestic market remains largely untapped, presenting a tremendous opportunity for creating high-quality lingerie brands within the country. 🔍 The Current Landscape: On one hand, we have basic, affordable bras that often require compromises on design and comfort. On the other hand, beautifully designed bras come with a hefty price tag, making them inaccessible to many. 🔧 Challenges to Overcome: Skilled Labor: While India has a strong manufacturing base, the lingerie industry still faces a shortage of skilled labor specialized in this sector. Training programs and educational initiatives can empower the workforce to meet industry standards. Advanced Machinery: Investing in state-of-the-art machinery is crucial to producing high-quality lingerie that meets international standards. This will not only enhance production efficiency but also ensure superior product quality. 🚀 The Opportunity: By addressing these challenges, we can create homegrown brands that offer a perfect balance of quality, design, and affordability. This not only caters to the vast domestic market but also positions India as a leader in the global lingerie industry. 🗣️ We Need Your Insights: To better understand customer behavior when buying lingerie, I would love to hear from you. Please take a moment to share your experiences and preferences by filling out this short survey. https://lnkd.in/gRTrm7gJ Let's harness this potential and bring about a revolution in the Indian lingerie market. Together, we can make high-quality, beautifully designed lingerie accessible to every woman in India. #LingerieRevolution #MadeInIndia #FashionForward #EmpowermentThroughQuality #Entrepreneurship #IndianMarketPotential #CustomerInsights

I often come across this question of how big is the beauty and wellness industry? How fast is it growing? In the recent news article by The Economic Times, India emerged as the key growth driver for global cosmetics giants like L'Oréal! With presence in over 50,000 salons across 400 cities in India, it is already the 5th largest market in the professional products division that mainly sells products to salons. There are more than 60 lakh salons in India amounting to 40% of the overall beauty & wellness segment revenue. With the rise in the disposable income, both, quality and value for money is being sought by the customers. This gives LUZO | Backed by 100X.VC a perfect opportunity to scale in this rapidly growing industry. Maan Jetley Nikhil Kalwani https://www.luzo.app/ #beauty #india #growth https://lnkd.in/d2E9VHQ2

Max Factor, a line of cosmetics from multinational beauty company Coty Inc. has entered the Indian market in partnership with New Delhi-based specialty beauty retailer House of Beauty. Click on the link below to know more... Coty I House of Beauty I Kristina Strunz I Sanjali Giri #coty #maxfactor #beautyretail #priyankachopra #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailindia #retailsectornews #retailresults #retailtrends #retailbusiness #ir #IndiaRetailing

Pilgrim announced the introduction of its makeup line, a strategic move to tap into the flourishing Indian beauty and personal care market projected to hit $30 billion by 2027. With a vision to bring global beauty ingredients to Indian households, Pilgrim launches a vibrant makeup range co-created with its dedicated customer community. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness

Sweden's cherished clean beauty brand, IDUN Minerals, is making waves as it steps into the dynamic retail and beauty arena of India. #retailnews #retailtrends #retailsector #retailindustry #retailing #retailresults #retailupdates #businessnews #retailgrowth #retailsectornews #retailindia #retailreports #retailtechcase #retailtrends #retailbusiness Caroline Thunstedt

𝐇𝐔𝐋'𝐬 𝐄𝐧𝐭𝐫𝐲 𝐢𝐧𝐭𝐨 𝐋𝐮𝐱𝐮𝐫𝐲 𝐂𝐨𝐬𝐦𝐞𝐭𝐢𝐜𝐬 𝐰𝐢𝐭𝐡 𝐇𝐨𝐮𝐫𝐠𝐥𝐚𝐬𝐬 Hindustan Unilever (HUL) is introducing its global luxury beauty brand Hourglass to India, marking its debut in the luxury cosmetics segment.   Hourglass, founded in 2004 and acquired by Unilever in 2017, is a premium cruelty-free cosmetic brand that will be sold through beauty stores, department counters, and e-commerce.   Besides Hourglass, Unilever may introduce other prestige beauty brands like Tatcha and Living Proof in the future.   𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝐞𝐬𝐭𝐚𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐥𝐮𝐱𝐮𝐫𝐲 𝐛𝐫𝐚𝐧𝐝𝐬 𝐥𝐢𝐤𝐞 𝐁𝐨𝐛𝐛𝐢 𝐁𝐫𝐨𝐰𝐧, 𝐄𝐬𝐭𝐞𝐞 𝐋𝐚𝐮𝐝𝐞𝐫 This move positions HUL to compete with established luxury brands like Bobbi Brown, Estee Lauder, and Sephora, marking its entry into the prestige beauty segment.   𝐇𝐔𝐋'𝐬 𝐩𝐫𝐞𝐦𝐢𝐮𝐦 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐧𝐨𝐰 𝐜𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐞𝐬 𝐚𝐫𝐨𝐮𝐧𝐝 35%, 𝐰𝐢𝐭𝐡 𝐚 𝐬𝐭𝐫𝐨𝐧𝐠 𝐟𝐨𝐜𝐮𝐬 𝐨𝐧 𝐡𝐢𝐠𝐡-𝐦𝐚𝐫𝐠𝐢𝐧 𝐜𝐚𝐭𝐞𝐠𝐨𝐫𝐢𝐞𝐬 HUL has increased its premium portfolio contribution from less than 20% to nearly 35%, aligning with the growing demand for premium products among Indian consumers.   HUL’s strategy includes targeting high-margin, low-penetration categories, splitting its beauty and personal care division to sharpen focus on this growing sector.   𝐋'𝐎𝐫é𝐚𝐥, 𝐌𝐚𝐦𝐚 𝐄𝐚𝐫𝐭𝐡, 𝐚𝐧𝐝 𝐍𝐲𝐤𝐚𝐚 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐭𝐨 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐭𝐡𝐞𝐢𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞 𝐭𝐨 42% Focused beauty brands like L'Oréal, Mama Earth, and Nykaa are expected to increase their market share from 33% to 42% by 2027, while established players like HUL and P&G will see their share decline to 58%. Global beauty giants like L'Oréal and Shiseido are also focusing on India as a key growth market, with L'Oréal identifying India as its fifth largest market in professional products. Rishabh Kale