Market overview: At a glance
What's in this report?
Introduction
Top 5 trends:
Percentage of consumers who choose, switch to or boycott a brand on its societal issues
Source: 2018 Edelman Earned Brand Study: Brands Take A Stand
Key market challenges addressed
At a time when trust in government and media is at an all-time low, and environmental concern has reached an all time high, consumers are turning to brands to take a firm stand. And while brand activism isn’t new in the beauty industry, what has dramatically changed is how many more brands are speaking out and standing up for what they believe in.
“In beauty, brands have become much more transparent about what they stand for, from their sourcing and supply chain principles to their views about gender, authenticity, diversity and inclusivity,” says Janet Milner-Walker, founder and Director of beauty brand consultancy Bespoke Advantage.
Consumers want brands to declare their views on the issues that matter: globally, 64% will make a purchasing decision based on a brand’s social or political position, says Edelman’s 2018 Earned Brand study.
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- Companies:
- Free the Birds
- MAC Cosmetics
- Mintel International Group
- The Body Shop
- Unilever
- Lush Cosmetics
- Avon Products
- Dove Spa
- Beautycounter
- Dr Bronner
- Biovene Cosmetics