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EP42. Breaking into the Natural Beauty Market in Asia

UNLIMITED

EP42. Breaking into the Natural Beauty Market in Asia

FromGreen Beauty Conversations by Formula Botanica


UNLIMITED

EP42. Breaking into the Natural Beauty Market in Asia

FromGreen Beauty Conversations by Formula Botanica

ratings:
Length:
38 minutes
Released:
Sep 3, 2019
Format:
Podcast episode

Description

It seems that barely a week goes by without beauty industry headlines covering the latest Asian beauty trends or the meteoric growth of the cosmetics' spending in Asia, including also the rise of the natural beauty market. Cosmetics Business commented in early 2019 that online beauty sales were set to help Asia-Pacific outpace North America as global cosmetics' leader: "Growing e-commerce and online shopping will shift the country leading the biggest beauty spends and change the nation of 'beauty obsessed". While Cosmetics Design Asia noted that the demand for premium and prestige global beauty brands, particularly in China, is continuing apace in line with the growth of disposable income and the rise of a middle class traveling internationally. These headlines tend to focus on the success of mainstream, premium global cosmetics' giants like the Estee Lauders and L'Oréals of this world, but there are signs that the natural beauty market in Asia is gaining foothold. Our guest in this episode of Green Beauty Conversations gives us fascinating insider insights into the natural cosmetics' market in Asia and dispels the myth that the business opportunities are only for large multinational brands. Allie Rooke studied Chinese at university and then spent nearly a decade living and working in Asia for luxury brands Chanel, L'Oréal and Burberry before setting up her consultancy Clean Beauty Asia. Allie focuses on helping natural and indie beauty brands gain the know-how, confidence, strategies and cultural savviness to grasp the business opportunities this region offers. Her key message is not to be scared of setting your sights on selling in the Asian beauty market. "Don’t be scared of Asia and especially don't feel it’s all about big brands. Don't be put off because they are not English-speaking markets. There is absolutely an indie beauty market in Asia Pacific, and when a new beauty idea, trend or product does grow, it can grow fast and explode." If you have aspirations to retail your beauty brand in Asia, our interview with Allie will give you a good feel for what's required to succeed in the dynamic, vast and diverse beauty markets the region offers; and importantly, what is going on behind those headlines.   In this episode on the natural beauty market in Asia, you'll hear about: The diversity of markets and consumers across the Asia-Pacific region and how each market lends itself to different brand propositions and positioning. For example, China offers huge potential to prestige brand, while Singapore and Taiwan are more price sensitive; Why distributors in the region are key brand allies and can be powerful advocates for your brand but why you need to be actively involved in brand building in local Asian markets as well; The importance of being established and sufficiently known in your own home markets before expecting to make it in Asia. Typically, Asian consumers like to check out a new brand online and feel they can trust it, even if they are keen to embrace the new experiences and products international indie beauty brands can offer; Why you need to understand the social media scene in your chosen Asian market as both beauty brands and influencers are big on key Asian platforms and run sophisticated set-ups. Again, start out getting known on social media in your home markets as Asian consumers comb these platforms for 'the next big thing' as well. Key take-outs include: Asian consumers are often more interested in the safety of a product than whether it's sustainable or not. They need the information to judge whether they trust a new brand, and this is all the more so for indie, natural brands. Ensure transparency in all your communcations, media collateral, marketing and social media aimed at Asian markets. Don't leap into signing an exclusive distributorship that spans several Asian countries. The region's diversity means that few distributors will truly have the ability to support your brand sufficiently in mu
Released:
Sep 3, 2019
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.