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EP13. Lifting the Lid on Beauty Industry Trends with Imogen Matthews

EP13. Lifting the Lid on Beauty Industry Trends with Imogen Matthews

FromGreen Beauty Conversations by Formula Botanica


EP13. Lifting the Lid on Beauty Industry Trends with Imogen Matthews

FromGreen Beauty Conversations by Formula Botanica

ratings:
Length:
46 minutes
Released:
Aug 7, 2018
Format:
Podcast episode

Description

Making sense of beauty industry trends can be daunting if you're an aspiring skincare entrepreneur. How do you interpret the daily flow of opinion on social media?  Isn't trend forecasting just finger in the wind anyway? On top of this, there is also the lingering worry that by the time you've grasped the next big beauty industry trend, consumers will have moved on. However, as our interviewee in this episode of Green Beauty Conversations explains, market research is an incredibly powerful tool for businesses of any size if they truly listen to what consumers are saying about their needs. We are excited to lift the lid on interpreting beauty industry trends in this hard-hitting and in-depth podcast with market insider Imogen Matthews. A long-time researcher, journalist and commentator, Imogen set up her own beauty industry research and consultancy business in 1993 after many years working in-house with large cosmetic brands and research firms. Imogen Matthews Associates produces highly-regarded trend reports on various aspects of the premium beauty market. We tackle two example market niches - anti-ageing and male grooming - that are frequently misunderstood and yet present a range of opportunities to new beauty entrepreneurs. Chatting to Imogen, we realised that there are certainly riches in niches if you know how to empathise with your customers and talk to them rather than just sell. Even if these two niches are not on your radar, do listen in as Imogen gives us an invaluable overview of some 30 years of the beauty industry and where it's heading today. In this episode, you'll hear about beauty industry trends in 2018 and issues such as: Why maturer women care far less about the term 'anti-ageing' or any of its recent replacements than brands might think; Why traditional beauty industry segments such as 'male grooming' or 'women 50+' aren't homogenous groups; What older women really want for their skin, and why wrinkles aren't their sole focus; Why men have been notoriously difficult to market to and how and why this final frontier in the beauty industry might be overcome; The rise and impact of gender-neutral skincare and how it is upsetting stereotypical consumer profiling and habits. Imogen gives us plenty of examples of beauty firms building, and also misreading markets. There's a lot we can learn from their experiences. Some of the key takeouts from this episode include: When building your cosmetic product range, think first about how your products resolve customers' skincare issues rather than solely in terms of how they address age or gender-related issues. The male grooming market is growing slowly but is set to rise. It is likely to be driven more by gender-neutral products than those focused on promoting the usual marketing images of masculinity.  Note that for decades retailers have typically considered men's self care products as being just deodorant and after shave. Women over 50 have considerable financial clout and are living life to the full, perhaps changing careers and also launching businesses in their empty-nester years; but don't assume 50 year olds have the same needs as 65 year olds. Mature skincare is a nuanced market. Your product story, your brand's authenticity and your awareness of issues such as sustainability are important to consumers who are far more critical and informed than 30 years ago.  Imogen Matthews shares regular beauty industry trends' analysis and commentary both on the company website and in her enews. Find out more about Imogen Matthews Associates here: Imogen Matthews Associates Website Imogen Matthews Associates on Twitter Imogen Matthews Associates on LinkedIn Imogen Matthews Associates on Pinterest Thank you for joining us for this episode of the Formula Botanica: Green Beauty Conversations podcast. If you enjoyed this episode, please share, subscribe and review on iTunes or Stitcher so that more people can enjoy the show. Don’t forget to follow and connect with us on F
Released:
Aug 7, 2018
Format:
Podcast episode

Titles in the series (100)

The Green Beauty Conversations podcast brings the world of green beauty to your earbuds. Join Gemma and Lorraine from the Formula Botanica Team as they demystify confusing topics on ingredients, formulations, business practices and political issues in the beauty world. Hear directly from established brands in the green beauty sector and engage with a variety of experts who willingly share their knowledge with you. Formula Botanica is the accredited online organic cosmetic science school, hosting thousands of students in 125+ countries who have enrolled for their award-winning online formulation courses. The school has long been a hub for artisan skincare entrepreneurs, who form part of their large, engaged global online community. The global green beauty community looks to Formula Botanica for guidance on major events in the industry, such as new ingredient releases, innovative formulation techniques and indie business guidance. Formula Botanica is at the forefront of the global green beauty industry and is committed to bringing you the best and most up-to-date information from the green beauty world. Listen to the Green Beauty Conversations podcast and become part of the global green beauty movement.