{"id":4484,"date":"2023-02-13T01:32:18","date_gmt":"2023-02-13T06:32:18","guid":{"rendered":"https:\/\/advertisingweek.com\/aw360\/2023\/02\/13\/attention-beauty-and-personal-care-marketers-are-you-ignoring-a-multimillion-dollar-market\/"},"modified":"2023-02-13T01:32:18","modified_gmt":"2023-02-13T06:32:18","slug":"attention-beauty-and-personal-care-marketers-are-you-ignoring-a-multimillion-dollar-market","status":"publish","type":"post","link":"https:\/\/advertisingweek.com\/aw360\/news\/attention-beauty-and-personal-care-marketers-are-you-ignoring-a-multimillion-dollar-market\/4484\/","title":{"rendered":"Attention Beauty and Personal Care Marketers: Are You Ignoring a Multimillion-Dollar Market?"},"content":{"rendered":"

Women 50+ account for roughly half of cosmetics, skin care, hair care, and personal care product usage.<\/em><\/h1>\n

By Laurie Levitt, AARP Media Advertising Network<\/em><\/p>\n\n\n\n\n\n

Ageism is finally becoming old-fashioned.<\/p>\n\n\n\n\n\n\n\n

Today\u2019s top beauty and personal care brands are embracing aging, with major players like Cover Girl, L\u2019Or\u00e9al, Revlon, Maybelline, Neutrogena, and Olay \u2013 the list keeps growing \u2013 making a much more inclusive appeal to consumers. It\u2019s a trend celebrated by industry innovators like Laura Geller, who recently joined forces with Paulina Porizkova and Fran Drescher and set out to \u201cmake all women feel beautiful and worthy<\/em><\/strong>, whether they\u2019re 19 or 90.\u201d<\/p>\n\n\n\n\n\n\n\n

To put it simply, aging doesn\u2019t change a woman\u2019s desire to look and feel her best. That\u2019s why beauty marketers who focus exclusively on younger consumers are missing the heart of the market. According to AARP research, nine in 10 women 50+ say that beauty and personal grooming are priorities in their lives. Every day, women 50+ devote at least 30 minutes to their own beauty and personal care regimen, using, on average, five products.<\/p>\n\n\n\n\n\n\n\n

For marketers of everything from cosmetics to personal care products, 50+ women are a must-win audience if you want to increase market share. Here are four things to know about them.<\/p>\n\n\n\n\n

They spend billions more each year<\/strong><\/h2>\n

Women 50+ spend billions more each year on cosmetics and personal care products compared to younger consumers. They account for nearly half (44%) of all health and beauty aids purchased annually \u2013 $8.4 billion, according to the latest data from MRI-Simmons. By comparison, women 18-34 and women 35-49 each contribute only 28% of spending.<\/p>\n\n\n\n\n

They drive market share<\/strong><\/h2>\n

Women 50+ buy and use a wide range of cosmetics, skin care, hair care, and personal care products \u2013 representing a large percentage of market share. In many instances, they account for half of the market or more, which makes them a high-value, high-impact audience for marketers looking to strengthen consumer relationships, build businesses, and move the needle.<\/p>\n\n\n\n\n

They are skin care and hair care enthusiasts<\/strong><\/h2>\n

As women age, their skin and hair age, too. Sun damage, fewer natural oils, loss of hormones, and side effects from certain medications can all lead to dry, rough, itchy skin. Women are also prone to changes in hair color, texture, thinning and hair loss, and hair breakage. Fortunately, there are many products to address these needs. So it\u2019s no wonder that women 50+ are prime prospects, accounting for roughly half (45% – 63%) of cosmetics, skin care, hair care, and personal care product usage, according to MRI-Simmons.<\/p>\n\n\n\n\n

They buy online, big time<\/strong><\/h2>\n

Women 50+ are responsible for 41% of all cosmetics and toiletries purchased online in the past six months \u2013 far outpacing adults 18-34 (30%) and adults 35-49 (29%), again based on the latest MRI-Simmons data. They are an e-commerce powerhouse, driving purchases of cosmetics and personal care items up 81% since the pandemic began, according to MRI-Simmons data \u2013 which makes it all the more essential for marketers to reach them in the environments they trust and prefer.<\/p>\n\n\n\n\n

The bottom line<\/strong><\/h2>\n

Successful beauty and personal care marketers are beginning to strengthen relationships with 50+ women and engage them in bold new ways, recognizing their superior spending power, ability to drive market share, and their interest in a wide range of products, services, and channels. It\u2019s a growing trend \u2013 and a positive one that bodes well for those brands prepared to make the most of it.<\/p>\n\n\n\n\n\n

As model and actress Lauren Hutton recently told Byrdie<\/a>, “Whether it\u2019s beauty or fashion, there’s an obsession with youth. But if we’re lucky, we’re all going to get old. We should all be focused on taking good care of our skin and ourselves, and the industry can help shift that conversation for the future.”<\/p>\n\n\n\n\n\n\n\n

Marketers who lead that conversation \u2013 and meet consumer needs \u2013 will earn new and repeat business from the beauty and personal care market\u2019s most vital demographic: women 50+.<\/p>\n","protected":false},"excerpt":{"rendered":"

Women 50+ account for roughly half of cosmetics, skin care, hair care, and personal care product usage.<\/p>\n","protected":false},"author":7,"featured_media":4485,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","editor_notices":[],"footnotes":""},"categories":[1],"tags":[7],"topics":[2],"class_list":["post-4484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-storytelling","topics-editorial"],"acf":[],"yoast_head":"\nAttention Beauty and Personal Care Marketers: Are You Ignoring a Multimillion-Dollar Market? | AW360<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/advertisingweek.com\/aw360\/news\/attention-beauty-and-personal-care-marketers-are-you-ignoring-a-multimillion-dollar-market\/4484\/\" \/>\n<meta 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