Industry Insights: Consumer Health, Cosmetics, and Toiletries-Accessing Financially Concerned Consumers

"Industry Insights: Consumer Health, Cosmetics, and Toiletries-Accessing Financially Concerned Consumers", published by GlobalData, provides extensive insight and analysis of the factors that determine consumers' purchasing decisions and strategies for meeting their demands.

Amidst ongoing economic pressures, affordability and accessibility have become critical towards determining consumers purchasing decisions. The report outlines consumers' concerns in the current economic climate and introduces strategies to continue delivering value for money. As consumers become more discerning in their purchases, product quality and trust, clear communication, and overall alignment with consumer values serve to strengthen brand loyalty in cost-conscious segments.

Scope

• High concern over personal finances is widespread, with a significant share of consumers actively seeking ways to reduce everyday spending across health, hygiene, and cosmetics.
• Private label and own-brand products are gaining traction, as consumers perceive them to offer similar functionality to branded alternatives at a lower cost.
• Consumers are not willing to compromise on product safety and effectiveness, even when opting for more affordable options-trust in product performance remains non-negotiable.
• Simplified, functional innovations can successfully meet the needs of cost-conscious consumers.

Reasons to Buy

• Consumer Insight focused analysis of consumers' decision making and what it means for operators as well as the market as a whole.
• Learn about core drivers of the market shifts and how these are likely to play out in the future from a consumer insight perspective.
• Relevant product examples will allow readers to learn from and apply lessons discovered from success stories in the industries.