OLDER WOMEN IN BEAUTY: THE GOLDEN OPPORTUNITY

by Imogen Matthews, IM Associates

IM Associates is publishing its second exclusive report on the beauty buying habits of older women and the opportunities for brands and retailers to target this important growth demographic.

CEW members can obtain a 10% discount.

While the Beauty industry may believe it is targeting this age group, our exclusive research shows that many women aged 45 and over feel that:

They are not a priority, nor is there any recognition that they use products differently to younger women
Product information, advertising and customer service in-store falls short of their needs
Much of the imagery used by beauty brands is disingenuous and insulting

Today, only a handful of brands dominate the purchasing preferences of the over 45s.There’s a massive opportunity for new and existing brands to enjoy a share of the billions of pounds that they spend each year on beauty products.

In this, the second edition of our report into the beauty buying habits and attitudes of Older Women, we help to shatter the illusions that have prevented many brands from attracting this age group and uncover the secrets to becoming more engaging.

“It’s not often that there’s an opportunity to steal serious share in any target market, especially one as established and as big as this one!” Imogen Matthews, Founder and MD, Imogen Matthews Associates.

OLDER WOMEN in BEAUTY – THE GOLDEN OPPORTUNITY: you’ll find out:

What’s changed since we published our first report into the older market in 2012
The role older women play in our society, their attitudes towards spending and why they feel let down by the beauty industry
Their spending power, their usage of beauty products and their attitudes towards them
Why the brands that currently target them are failing to connect with the older market
The products they love and the products they’d love to see
Their attitudes towards shopping for beauty and how to make the shopping experience better
3 niche brands that have successfully penetrated this market, how they did it and the success they’ve achieved

The insights provided in this report have been collected through a combination of 1-2-1 interviews and the results from an exclusive online consumer survey undertaken by IMA.

7 facts you may not know about the 45 + year old age group:

People over 50 currently represent nearly a third of the UK population
They control nearly 79% of disposable income
They are the wealthiest, happiest and most spendthrift of all age groups
Most feel younger than their age
Far from rejecting technology, they embrace it and are keen users of social media
They accept wrinkles as a part of getting older
Only 1 in 10 say they are worried about getting older and only slightly more say they want to look younger