Beauty and personal care trends for 2023

 3 consumer trends that will impact the global beauty industry in 2023

Beauty Rx (medicalization of beauty)

Increased craving for more efficient and powerful products and treatments. Potential development of beauty brands could come from the advent of gene sequencing and advances in diagnostic and wearable devices. Expect huge opportunities stemming from hormones, health risks and diagnostics, 3D printing, personalized vitamins and supplements, and gene editing. Synthetic biology technology is expected to mature to the point where almost anything can be manufactured competitively and sustainably. The beauty industry must learn to use this technology to develop new products and processes, improve existing ones, reduce costs and remain competitive in the future.


Evolved Self-Care

Consumers are spending less and less time in wellness routines, yet they seek ways to self-care in the face of stress and upheaval. Beauty is considered the best category to support it, and it is important to ensure that all consumers feel seen and spoken of, no matter what approach brands and retailers take. become. After the pandemic, the importance of community continues to grow. The concept of community self-care is projected to grow in popularity as everyone realizes the importance of helping each other as a way to live a better life and feel better. In the future, we expect global beauty companies to focus on developing holistic products/habits that support everything from sleep to blood circulation to beauty connections.


New Rules of Engagement

Technology brings the next generation of experiences, whether in store or at home. As online and offline formats continue to converge, from RFID (radio frequency identification) to digital avatars and metaverses, we expect simple approaches to recreate experiences across multiple channels. Going forward, advances in VR (virtual reality) technology, hardware and content will enable convenient and practical engagement that consumers can use on a daily basis. Beauty brands are expected to use these technologies strategically to create “phygital” (physical and digital) experiences that provide a way for consumers to discover, shop, and connect with brands. .


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