Benchmarking Insights into Emerging Haircare Trends - PowerPoint PPT Presentation

About This Presentation
Title:

Benchmarking Insights into Emerging Haircare Trends

Description:

The haircare industry is evolving, driven by consumer demands for sustainability, natural ingredients, and digital innovations. The AI-driven research uncovered emerging trends across Australia, the UK, and the US, with key differences in product preferences, ethical concerns, and digital tools. To continue this reading, please visit our blog at www.grapheneai.com – PowerPoint PPT presentation

Number of Views:0
Date added: 30 October 2024
Slides: 5
Provided by: GrapheneAI
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: Benchmarking Insights into Emerging Haircare Trends


1
Benchmarking Insights into Emerging Haircare
Trends
The haircare industry is evolving, driven by
consumer demands for sustainability, natural
ingredients, and digital innovations. The
AI-driven research uncovered emerging trends
across Australia, the UK, and the US, with key
differences in product preferences, ethical
concerns, and digital tools. This article
explored these benchmarking trends and offered
actionable insights for our clients haircare
brands to stay competitive and innovative. Methodo
logy and Scope The study used AI to analyze
conversations related to haircare and compare
results across Australia, the UK, and the US,
focusing on female consumers. A significant
sample size was taken from each country
(Australia 2,109, UK 2,999, US 4,641), and
consumer conversations were monitored over a
six-month period. The AI identified approximately
140 themes, which were clustered and further
refined to around 100 relevant themes through
human assessment. Data collected included the
number of people mentioning specific topics, as
well as shifts in positive or negative
sentiment. Trends with high growth rates based on
positive sentiment were considered emerging. The
benchmarking analysis covered seven key areas
unmet needs, ingredients (both positive and
negative), popular products, packaging, digital
utilities, and hairstyles.
2
  • Key Emerging Benchmarking Trends by Country
  • Here are the key benchmarking trends that emerged
    via the analysis by country.
  • United States
  • In the US, the focus has shifted toward hair
    revitalization, digital styling tools, and
    products addressing diverse hair types. Key
    trends include
  • Roe Extract for Hair Growth (15 growth) Roe
    extract, known for stimulating hair follicles
    and promoting growth, has become a favored
    ingredient for consumers seeking solutions for
    hair thinning.
  • AR/VR Look Modifiers (13 growth) Augmented and
    virtual reality tools that helped consumers
    visualize different hairstyles and colors,
    emerged as influential in product choices.
  • Refillable Products and Recycled Packaging (13
    growth) Like in other markets, US consumers
    were prioritizing eco-friendly packaging
    solutions, including refillable containers and
    recycled materials.
  • Diverse Haircare Products Products that cater to
    non-mainstream hair types, including frizzy,
    curly, and afro-textured hair, gained momentum.
    Brands like Z were celebrated for their
    offerings in this niche.
  • Popular products in the US include x, which
    balances moisture and quality for normal hair,
    and y for taming frizzy hair.
  • United Kingdom
  • In the UK, trends focused on deep scalp care,
    ethical products, and convenient solutions for
    home care. Key trends include
  • Probiotics for Scalp Health (12 growth)
    Probiotics became popular for their potential to
    improve scalp health, with a focus on products
    that enhance the microbiome balance of the
    scalp.
  • Sustainable and Ethical Labels (12 growth) UK
    consumers were highly conscious of the ethical
    implications of their purchases, seeking products
    that were sustainably sourced and labeled
    accordingly.
  • Home Haircare Solutions (15 growth) The demand
    for salon-quality haircare products that could
    be easily used at home had risen, driven by the
    COVID-19 pandemics impact on professional salon
    access.
  • Strong/Blunt Bob and Tight Crop (14-15 growth)
    These hairstyle trends, along with an increased
    interest in hair accessories, defined the UK
    haircare market.
  • Products like B C for hydration and silkiness
    made a mark in the UK, reflecting consumer
    interest in both high-performance and ethically
    sourced products.
  • Australia
  • Australian consumers showed a strong preference
    for ethical and eco-friendly products, as well
    as innovations in digital utilities. Key emerging
    trends include
  • Face-to-Style Recommender Apps (92 growth)
    Digital apps that allowed users to experiment
    with hairstyles in virtual or augmented reality
    were gaining traction.

3
  • These apps offered personalized recommendations,
    enhancing consumer engagement.
  • Oat Straw for Scalp Health and Dandruff (82
    growth) Oat straw was gaining popularity as a
    natural remedy for scalp health, particularly in
    combating dandruff.
  • Short Unisex Styles (81 growth) Gender-neutral
    hairstyles were increasingly popular, reflecting
    broader trends toward inclusivity and simplicity.
  • Gooseberry/Amla for Scalp Health (68 growth)
    Products containing gooseberry or amla, known
    for their scalp-soothing properties, were
    trending, with some brands leading the way.
  • Recyclable/Refillable Packaging (66 growth)
    Environmental concerns were pushing consumers
    toward products with sustainable packaging,
    including recyclable and refillable options.
  • Brands like A, known for products such as X Y,
    were recognized for delivering volume and shine,
    aligning with the consumer focus on both efficacy
    and sustainability.
  • Key Benchmarking Recommendations for Our Client
  • To capitalize on these emerging and benchmarking
    trends, our client could focus on three primary
    areas commercial innovation, product innovation,
    and competitive defense.
  • 1. Commercial Innovation
  • Ingredient Transparency Consumers were
    increasingly aware of harmful ingredients in
    haircare products, such as DMDM Hydantoin,
    hydroquinone, and silicones. Our client could
    emphasize the absence of these ingredients in
    their products while promoting healthier,
    scalp-friendly alternatives like gooseberry,
    amla, and oat straw.
  • Messaging for Popular Hairstyles Leveraging
    hairstyle trends like short unisex cuts,
    mop/muppet styles, and frizz control could
    enhance brand relevance, particularly in digital
    campaigns.
  • 2. Product Innovation
  • Ethical and Sustainable Products Our client
    should continue to invest in ethical sourcing
    and environmentally friendly packaging solutions,
    such as refillable packs and clear, reusable
    containers. These trends were seeing growth
    across all three countries.
  • Targeting Diverse Hair Types Developing products
    that cater to rougher or non- mainstream hair
    types, especially in markets like the US, could
    enhance brand appeal to a broader audience.
  • 3. Competitive Defense
  • o Partnerships with Digital Styling Tools
    Collaborating with popular digital utilities
    such as AR/VR apps and face-to-style recommender
    tools could position our client as a leader in
    innovative haircare solutions. Early adoption of
    these technologies would give them a competitive
    edge.

4
o Monitoring Their Competitor Our client could
closely observe the success of their
competitors, like Xs volume-enhancing shampoos
and Zs products for frizzy and afro-textured
hair, to inform future product developments. Getti
ng Ahead with GrapheneAIs Benchmarking By
staying attuned to these trends and innovating in
both product development and digital
integration, our client could not only meet
current consumer demands but also set the stage
for future growth. The study also uncovered
additional benchmarking insights specific to the
client brand and its product offerings these
are to be withheld in the interest of
confidentiality.  Contact us at GrapheneAI to
stay ahead of trends via competitive benchmarking
insights.
Write a Comment
User Comments (0)
About PowerShow.com