From long-lasting lipsticks, celebrity beauty brands, such as Rihanna’s Fenty Beauty, have pierced through the perfume industry. As it seems, this came about when shoppers switched to spritzing fragrances as quick luxury fixes to feel happier during downturns, which was once fulfilled by painting the lips.
ZALORA Corporate Communications Director Christopher Daguimol told Singapore Business Review that the better-than-expected sales can be attributed to fragrances, comparable to aromatherapy, are experiencing the “lipstick effect.”
“Fragrances could have also been a way for consumers to feel more ‘dressed up’ and presentable on Zoom calls,” Daguimol said.
In both 2020 and 2021, fragrances emerged as the top beauty product purchased by consumers in Southeast Asia, respectively accounting for 19.82% and 22.58% of the region’s sales in the beauty category, based on its Southeast Asia TRENDER Report 2021.
Fragrances also grew by 455.66% year-on-year (YoY) in 2020 and by 77.54% YoY in 2021. It also stood second in terms of the top luxury products consumers buy with an 8.03% share, closely following wallets and purses with 8.79%.
This trend is not exclusive to women as fragrances also topped the men’s beauty category. Data from TRENDER showed that fragrances made up 42.9% of the sales in the beauty category. It overtook face serums and treatments (16.28%) and bath and body (10.12%).
It is expected that the increased investment in self-care, growth of the male beauty market, as well as the confidence to purchase luxury goods will likely continue and further contribute to the demand for fragrances.
Diese Geschichte stammt aus der Issue 100-Ausgabe von Singapore Business Review.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der Issue 100-Ausgabe von Singapore Business Review.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How TikTok powers cross-border shopping for Singapore retailers
The yellow basket feature allows viewers to purchase items directly during livestreams.
Income Insurance seeks to fill billion-dollar financing gap in climate transition
The region skimmed its carbon intensity by 2.8%, far below the 17.2% needed.
SIDS fights misconceptions in interior design with accreditation, education
The organisation is setting up a digital platform to speed up accreditation from 6 to 2 months.
IHH's proton therapy takes aim at tumours with precision and low risk
Leaving surrounding organs at risk during cancer treatment might become a thing of the past.
SingPost pivots from mail to logistics as e-commerce demand drives growth
It is banking on e-commerce to drive its logistics unit, which accounts for 69% of revenue.
Singapore needs SEA neighbours to power renewable energy transition
Experts favour Malaysia and Indonesia as renewable energy import sources.
Singapore's architecture blueprint spurs push to tackle brain drain in other sectors
Paying the country's architects just right will hopefully stop the brain drain.
Millionaires eye a piece of Singapore's rich colonial era
The country's remaining 6,500 shophouses are in high demand amongst the ultra-rich.
HDB resale portal unlikely to cut out property agents
The portal enables sellers to list their units themselves.
Factory and retail spaces shine as housing heads for worst market slump in 16 years
Its manufacturing and tourism rebound will spur demand for industrial and high-street shops.