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Selling cosmetics on the American market
In this article we will learn how to redefine the target audience to sell cosmetics in the US market
https://www.exportusa.eu/cosmetics-sale-american-market.phpFor young American consumers, having a "vintage" scent has become cool. Some colognes from the 1990s are experiencing a revival with a new target audience: teenagers, most of whom are Gen Z. They are part of a target audience (heavily influenced by social media) seeking classic perfumes to create a collection of expensive fragrances.
According to U.S. beauty industry executives, traditional brands—such as Jean Paul Gaultier, Dior, Giorgio Armani, and Hermès—have grown significantly in the past year. The average spending of a consumer under 20 ranges between $60 and $150 for a full bottle or samples of more prestigious fragrances. However, some opportunists, lacking a budget for discretionary purchases, use perfumes found at the back of their father's bathroom cabinet.
Market research provides a very promising overview of the perfumery market:
The result? Teenagers' rooms are adorned with dozens of old and new fragrances, neatly displayed on trays and in dedicated showcases. They are not the cheapest options, as many Gen Z individuals are willing to replace standard and inexpensive body sprays (e.g., the famous Axe) with more exclusive and expensive fragrances. Spending on perfumes among American teenagers has increased by +26% compared to a year ago [Source: Piper Sandler].
Some consumers pay for colognes in installments, while others ask their parents for more expensive perfumes for birthdays and holidays. Thus, some teenagers' perfume wardrobes have surpassed those of their parents, despite Millennials, Gen Xers, and Boomers tend to have only one "signature scent."
Some companies are creating perfumes that recall the retro vibes of 1990s colognes. For example, Ranger Station, a Nashville-based fragrance company, has launched the cologne "Rich 90’s Dad." The company describes Rich 90s Dad, a $94 limited-edition perfume, as a fragrance reminiscent of "a polo shirt tucked into pants and the interior of a Jaguar XJ." As expected, the perfume is currently sold out.
Generation Z has an enormous impact on the Wellness & Beauty market. According to Euromonitor International, the sector is expected to reach $670.8 billion by the end of the year, with an annual growth of +9%. The fragrance sector drives a significant portion of this growth. Once again, Gen Z leads purchases, viewing perfumes as a core part of their identity, wearing them for personal enjoyment and self-expression rather than to attract others.
While in the 1970s men's fragrances were considered optional accessories, that's no longer the case. Back then, aftershave, deodorant, or simply soap and water were sufficient. Today, cologne is a fashion statement. It's important to note that today’s American teenagers are more demanding and informed. They prefer experimenting with different products rather than sticking to a single brand. For many, inspiration comes from TikTok, the go-to digital space for brands looking to accelerate demand and guide teenage consumers toward their fragrances.
In this article we will learn how to redefine the target audience to sell cosmetics in the US market
https://www.exportusa.eu/cosmetics-sale-american-market.phpExportUSA offers a well-established market research and product positioning service. We put our experience and direct contact with importers, distributors, and representatives in numerous sectors in the United States to use.
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