• Login
    • Join
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Components
    • Markets
    • Materials
    • Solutions
    • Top 20 Companies
    • Buyers Guide
    • Events
    • More
  • Magazine
  • News
  • Components
  • Markets
  • Materials
  • Solutions
  • Top 20 Companies
  • Buyers Guide
  • Events
  • Current & Past Issues
    Features
    Editorial
    Departments
    Columns
    Digital Edition
    eNewsletter Archive
    Staff
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    eBook
    Top Features
    Benvenuto a Bologna!

    Stick Formats That Stack Up

    Reaping the Dividends of Customized Stock Packaging

    L’Oréal’s Brice André Looks to a Circular Packaging Future

    New Innovations in Airless Packaging
    Breaking News
    Regulatory
    Events
    Association
    Packaging
    Adv/Marketing
    Financial
    Retail & Travel
    People
    Products
    Experts
    Press Releases
    Exclusives
    Live From Shows
    Video Bites
    Packaging Personalities
    Top News
    Estée Lauder Pledges 100% Electric Fleet of Vehicles by 2030

    Luster Products Unveils Comfort Oil Scalp Serum

    Anomatic & Novelis Introduce Eco-Friendly Alloy

    NJPEC Announces 2022 Package of the Year Awards

    Tree Hut Introduces New Sugar Scrubs
    3D
    Accessories
    Aerosols
    Airless
    Applicators
    Bags
    Bottles/Jars
    Brushes
    Cans
    Cartons/Boxes
    Closures
    Compacts
    Devices
    Dispensers
    Double Duty
    Droppers
    Environmental
    Labels
    Lipstick packages
    Mascara Containers
    Paper
    Pouches
    Printing
    Pumps
    Rollerballs
    Small Sizes
    Stock Pkg
    Tubes
    Wipes/Sheets

    Stick Formats That Stack Up

    Reaping the Dividends of Customized Stock Packaging

    Arkay

    Cospack America Corporation

    L’Oréal’s Brice André Looks to a Circular Packaging Future
    Bath/Body
    Cosmetics
    Ethnic
    Fragrances
    Hair
    Health and Beauty
    Home Fragrance
    Men
    Nails
    Personal Care
    Sample/Travel Sizes
    Sets/Kits
    Skin

    Estée Lauder Pledges 100% Electric Fleet of Vehicles by 2030

    Luster Products Unveils Comfort Oil Scalp Serum

    Tree Hut Introduces New Sugar Scrubs

    Fashion Designer Issey Miyake Dies

    Batiste Kicks Off Partnership with Fitness Brand
    Brush Fibers
    Eco-friendly
    Flexibles
    Glass
    Metal
    Paper/Board
    PCR
    PET
    Plastics
    Wood

    Verescence Leads the Future of Eco-Friendly Glass Packaging and Deco

    Neenah Unveils Idea Shop Promotion

    APC Packaging Creates Mono-Material System Dropper & Bottle

    Alder Packaging Launches in Los Angeles

    L’Oréal’s Brice André Looks to a Circular Packaging Future
    Anti-Counterfeit
    Contract Services
    Decorative Effects
    Design Capabilities
    Digital Printing
    Injection Molding
    Machinery
    Made in USA
    Package Development
    Printing/Decorating
    Sustainable Pkg/Practices
    Turnkey

    United & Free Touts ‘No Unnecessary Ingredients, Products or Plastics’

    Chinese Beauty Brand Launches Sustainable Packaging Made with Eastman Material

    Stick Formats That Stack Up

    Revlon Inks Deal with Origin to Develop Next-Gen Sustainable Packaging for Cosmetics

    Irene Forte Skincare Is Like a Mediterranean Diet for Your Skin
    Top 20 Companies
    Mary Kay

    Estée Lauder

    Avon

    Oriflame

    Natura Cosméticos S.A.
    All Companies
    Categories
    Company Profiles
    Jobs
    Add New Company
    International Buyers Guide Companies
    GAR Labs

    Derik Industrial USA

    TAESUNG

    3C Inc.

    Neenah
    Industry Events
    Live From Shows
    Exhibitor Showcase
    Webinars

    BolognaFiere, Informa Markets and PBA Announce Joint Venture

    Luxe Pack New York Announces 2023 Dates

    Indie Beauty Media Group Announces ‘Adit Live’ Event

    Benvenuto a Bologna!

    Honoring the 2022 Inductees at the NJPEC Hall of Fame Awards
    • Magazines
      • Current / Back Issues
      • Features
      • Editorial
      • Departments
      • Columns
      • Digital Edition
      • eNewsletter Archive
      • Staff
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Buyers Guide
      • Companies
      • Categories
      • Corporate Capabilities
      • Add Your Company
    • Components
      • 3D
      • Accessories
      • Aerosols
      • Airless
      • Applicatiors
      • Bags
      • Bottles / Jars
      • Brushes
      • Cans
      • Cartoons / Boxes
      • Closures
      • Compacts
      • Devices
      • Dispensers
      • Double Duty
      • Droppers
      • Environmental
      • Labels
      • Lipstick Packages
      • Mascara Containers
      • Paper
      • Pouches
      • Printing
      • Pumps
      • Rollerballs
      • Small Sizes
      • Stock Pkg
      • Tubes
      • Wipes/Sheets
    • Markets
      • Bath/Body
      • Cosmetics
      • Ethnic
      • Fragrances
      • Hair
      • Health And Beauty
      • Home Fragrance
      • Men
      • Nails
      • Personal Care
      • Simple/Travel Sizes
      • Sets/Kits
      • Skin
    • Materials
      • Brush Fibers
      • Eco-friendly
      • Flexibles
      • Glass
      • Metal
      • Paper/Board
      • PCR
      • PET
      • Plastics
      • Wood
    • Solutions
      • Anti-Counterfeit
      • Cotract Services
      • Decorative Effects
      • Design Capabilities
      • Digital Printing
      • Injection Molding
      • Machinery
      • Made In USA
      • Package Development
      • Printing/Decorating
      • Sustainable Pkg/Practices
      • Turnkey
    • Top 20 Companies
    • Online Exclusives
    • Slideshows
    • Expert Opinions
    • Videos
      • eBook
    • Infographics
    • Whitepapers
    • Products Showcase
    • Events
      • Industry Events
      • Live From Show Events
      • Webinars
    • Jobs
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms Of Use
    Online Exclusives

    The New Consumerism: Impact on Beauty and Fashion Industries

    Advance highlights of a Euromonitor webinar on September 21

    The New Consumerism: Impact on Beauty and Fashion Industries
    Related CONTENT
    • New High Glass Inc.
    • Alkos Scores Two Spots on the Innovation Tree
    • Fast, Faster Beauty
    • Sophisticated Samples Turn Trials into Sales
    • This Cicabel Mask Is Made with Stem Cells
    Hannah Symons and Michelle Grant,, Euromonitor International 09.14.17

    Euromonitor International is hosting a free webinar, “The New Consumerism: Impact on Beauty and Fashion Industries”, on Thursday, September 21 at 9 a.m. CDT.

    Register now to:
    • Uncover the seven drivers of the New Consumerism and help viewers understand how customer expectations are shifting
    • Identify emerging shopper trends and how retailers in the beauty industry innovate online and offline to meet demand
    • Learn how to best meet evolving shopper demand from global leaders in fashion and beauty industries
    Webinar Preview:
    How the New Consumerism is Impacting Beauty and Fashion Industries

    The New Consumerism was born out of the difficult economic times resulting from the protracted nature of the economic recovery from the global financial crisis in 2008. In the years following the crisis, stagnant incomes, high unemployment and weak consumer confidence helped fundamentally to alter attitudes to consumption. Long-term global trends, including the increasing interdependence of the world’s economies, ageing populations, rising urbanisation and growing awareness of the world’s environmental challenges, have added to the mix.

    These fundamental shifts in the economy, demographics, household formation and environmental attitudes are combining and, enabled by great technological leaps, and are driving change in consumption habits, laying the foundations for a new type of consumerism.

    This New Consumerism eschews the conspicuous consumption of yesteryear and instead sees consumers re-evaluating their priorities and re-assessing their values. People are asking themselves what really matters to them, and, conversely, what is ultimately not important. Conscious consumption is winning out. Experience is trumping possessions, and how we spend our time is more keenly considered.

    There are two broad trends that we are seeing in the fashion and beauty industries as a result of the New Consumerism. The circular economy has fundamentally changed the way shoppers view ownership of goods, and the rising demand for experience has changed the way companies in both the fashion and beauty industries are engaging with their customers.

    The Circular Economy: Fashion and Beauty

    What’s the circular economy?

    The circular economy is one where everything is re-used and nothing is wasted. It is the antithesis of the linear “build, buy, bury” model of a one-way stream of raw material to factor, to user, then landfill. Essentially, the way consumers think about ownership is fundamentally changing. Instead of purchasing new products to own, consumers are increasingly buying used products, and renting instead of buying. The rise of second-hand fashion sites, C2C beauty marketplaces, and the sharing economy within beauty and fashion industries are a result of this New Consumerism.

    The Experience Economy: Experience Over Possession

    “Experientialism” is gradually replacing materialism as the new status quo. Experience is the prioritization of doing, seeing and feeling over having more “stuff”.

    The trend is more than this, though, with many consumers seeking to “do something different” by searching for unique, often personalized experiences. The experience trend is impacting many sectors, from the value placed on the dine-in experience in consumer foodservice, and the importance of the shopping experience in the retail sector, through to the priority some consumers give to experiences such as holidays, over purchasing products.

    Companies across both fashion and beauty industries are trying to build more of an emotional connection with shoppers by offering experiences with their brands.

    Learn More 

    Register for Euromonitor International’s webinar here. 
    ABOUT THE AUTHORS

    Hannah Symons, shown above, left, is Beauty and Personal Care Analyst, Euromonitor International; Michelle Grant, above right, is Head of Retailing, Euromonitor International.
    Related Searches
    • Trends
    • financial
    • Material
    • shoppers
    Suggested For You
    New High Glass Inc. New High Glass Inc.
    Alkos Scores Two Spots on the Innovation Tree Alkos Scores Two Spots on the Innovation Tree
    Fast, Faster Beauty Fast, Faster Beauty
    Sophisticated Samples Turn Trials into Sales Sophisticated Samples Turn Trials into Sales
    This Cicabel Mask Is Made with Stem Cells This Cicabel Mask Is Made with Stem Cells
    Packaging Contest to Award 5 with $1 Million in Grants Packaging Contest to Award 5 with $1 Million in Grants
    Redken Redken
    Essential Oils Market Worth 11.19 Billion USD by 2022 Essential Oils Market Worth 11.19 Billion USD by 2022
    Estee Lauder & Unilever Sign Estee Lauder & Unilever Sign 'We Are Still In' To Support the Paris Accord
    Compax Compax
    Packaging Contest to Award 5 with $1 Million in Grants Packaging Contest to Award 5 with $1 Million in Grants
    Four Key Trends Shaping Beauty and Personal Care Packaging Four Key Trends Shaping Beauty and Personal Care Packaging
    Unilever’s New Technology for Dealing with Sampling Waste Unilever’s New Technology for Dealing with Sampling Waste
    Experts To Discuss ‘Luxury’s New Cornerstone’ on Thursday Experts To Discuss ‘Luxury’s New Cornerstone’ on Thursday
    The New Age of Sustainability The New Age of Sustainability

    Related Buyers Guide Companies

    • Glass
      New High Glass Inc.

      New High Glass Inc.

      ...
      Eugenia Torrealba, Marketing 06.18.21

    • Alkos Scores Two Spots on the Innovation Tree

      The Perfume Body Tattoo Pencil and Exfoliating Charcoal Stick are featured.
      09.08.17

    • Fast, Faster Beauty

      ...
      Jamie Matusow, Editor-in-Chief 09.01.17


    • Cosmetics | Plastics | Sample Sizes | Skin Care/Sun Care
      Sophisticated Samples Turn Trials into Sales

      Sophisticated Samples Turn Trials into Sales

      There are plenty of practical reasons why beauty brands invest in product sampling initiatives.
      Joanna Cosgrove, Contributing Editor 09.01.17

    • Skin Care/Sun Care
      This Cicabel Mask Is Made with Stem Cells

      This Cicabel Mask Is Made with Stem Cells

      Is high-tech "medical skincare" a growing category?
      08.25.17

    Loading, Please Wait..
    Trending
    • Ranking The Top 50 Cosmetic Companies
    • Tree Hut Introduces New Sugar Scrubs
    • 4 Key Beauty Trends For 2023 By Trendalytics
    • The Top Skincare And Beauty Trends Of 2022 So Far
    • Top Beauty Brands In The US—Ranked By Cosmetify
    Breaking News
    • Estée Lauder Pledges 100% Electric Fleet of Vehicles by 2030
    • Luster Products Unveils Comfort Oil Scalp Serum
    • Anomatic & Novelis Introduce Eco-Friendly Alloy
    • NJPEC Announces 2022 Package of the Year Awards
    • Tree Hut Introduces New Sugar Scrubs
    View Breaking News >
    CURRENT ISSUE

    July/August 2022

    • Cosmoprof Bologna Welcomes Back the Beauty Industry
    • Stick Packaging: Stick Formats That Stack Up for Beauty
    • Reaping the Dividends of Customized Stock Packaging
    • View More >

    Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
    You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

    • About Us
    • Privacy Policy
    • Terms And Conditions
    • Contact Us

    follow us

    Subscribe
    Nutraceuticals World

    Latest Breaking News From Nutraceuticals World

    ADM and Benson Hill Partner to Scale High Protein Soy for U.S. Market
    Tazo Transitions to Regenerative Organic Agriculture
    Protein Ingredient Formulated for Chronic Kidney Disease Patients
    Coatings World

    Latest Breaking News From Coatings World

    USGBC Urges the House to Pass the Inflation Reduction Act
    The ChemQuest Technology Institute Enters Agreement with Universal Matter
    Sherwin-Williams’ TERRA: Embracing Community & Connection in 2023
    Medical Product Outsourcing

    Latest Breaking News From Medical Product Outsourcing

    Tiny Optical Sensors Could Eradicate Hospital Bed Sores
    Hypoxia Study Confirms Accuracy of Movano Ring for SpO2 & Heart Rate Monitoring
    Seno Medical's Imagio System Wins Supplemental FDA Approval
    Contract Pharma

    Latest Breaking News From Contract Pharma

    Captor Therapeutics Selects CDMO for Clinical Trial Materials
    Catalent to Acquire Metrics Contract Services for $475M
    Sartorius Stedim Biotech Agrees to Acquire Albumedix
    Beauty Packaging

    Latest Breaking News From Beauty Packaging

    Estée Lauder Pledges 100% Electric Fleet of Vehicles by 2030
    Luster Products Unveils Comfort Oil Scalp Serum
    Anomatic & Novelis Introduce Eco-Friendly Alloy
    Happi

    Latest Breaking News From Happi

    TBH Kids Enters Retail Market with Exclusive Partnership with HEB Stores
    Blushington Expands with New Services and Manhattan Flagship Launch
    Makeup in New York Returns to the Javits Center on Sept. 14-15
    Ink World

    Latest Breaking News From Ink World

    INX to Highlight New Products at Labelexpo Americas
    Sonoco Names Aditya Gandhito Company’s First Chief Accounting Officer
    Quinacridone Pigments Market Size Projected to Reach $539 Million by 2030: Straits
    Label & Narrow Web

    Latest Breaking News From Label & Narrow Web

    APR issues report on state of US recycling
    Durst details Labelexpo Americas product lineup
    Heidelberg USA-Gallus opens new Screeny Demo Room in Pennsylvania
    Nonwovens Industry

    Latest Breaking News From Nonwovens Industry

    Vapor Fresh Upgrades Plant-Based Gym Wipe Canisters
    Suominen Releases Half-Year Financial Report
    Essity Switches to Recyclable Packs for Feminine Pads
    Orthopedic Design & Technology

    Latest Breaking News From Orthopedic Design & Technology

    Surgalign, RTI Settle Lawsuit Over OEM Biz Sale
    Zavation Shares Results from In-Vitro and In-Vivo Research Study for its Labyrinth Technology
    Cortland Biomedical Adds Suite of Post-Processing Services & Technologies
    Printed Electronics Now

    Latest Breaking News From Printed Electronics Now

    Stratasys Signs Agreement to Acquire Covestro’s Additive Manufacturing Materials Business
    The Future of Electronics RESHAPED Event Reports High Demand
    SEMI Applauds President Biden’s Signing of CHIPS and Science Act of 2022

    Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

    AD BLOCKER DETECTED

    Our website is made possible by displaying online advertisements to our visitors.
    Please consider supporting us by disabling your ad blocker.


    FREE SUBSCRIPTION Already a subscriber? Login