During the pandemic, beauty and personal care grew 16% in dollar sales in 2020, and data from NielsenIQ indicates fast growth among Black and Hispanic beauty shoppers. Hispanic consumers have a strong cultural foundation for beauty that went relatively undeterred last year as they were the only ethnic cohort to drive color cosmetics volume in 2020, spending 13% more than the average consumer on beauty and personal care.
The events of last year around the Black Lives Matter movement made the beauty industry cognizant of systemic inequities, and consumers began paying attention to who was making and selling the brands and products they were buying. It is incumbent upon brands and retailers to serve the needs of the multicultural consumer.
“When we talk to Black consumers, there are still gaps in finding all the products that do all the things they want,” said Anna Mayo, NielsenIQ’s Beauty Vertical Client Director. “Beauty supply stores are huge locations for them, because they can’t find their needs met in mass stores. Shade diversity has come a long way, but it’s not fulfilling all the needs.”