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Insight of the Day: Lack of loyalty means plenty of opportunities for Thai beauty brands

The article focuses on the changing landscape of the beauty and personal care industry in Thailand, highlighting the following key trends:

Shifting Consumer Preferences: Thai consumers are increasingly experimental, frequently switching between beauty brands. This trend is particularly noticeable in the color cosmetics sector, where consumers readily adopt new trends and popular products.

Generational Differences: Different generations have distinct preferences and behaviors when it comes to beauty products. - Gen Z: Makeup newcomers, seek empowerment and positive messages from brands. - Millennials: Trend-conscious, actively engage with online beauty communities. - Gen X: Less interested in wearing makeup, prioritize products with skincare benefits and positive aging messages.

Rise of Hybrid Cosmetics: The demand for hybrid cosmetics that combine makeup and skincare benefits has grown significantly following the pandemic. This trend reflects a growing desire for multifunctional products that address both beauty and skin health concerns.

Implications for Brands: To succeed in the Thai market, brands need to tailor their strategies to specific demographics. - For Gen Z, brands should focus on empowering messages and promoting inclusivity. - For Millennials, building online communities and collaborating with influencers can be effective. - For Gen X, brands should emphasize skincare benefits and positive aging messages in their product development and marketing efforts.

Additionally, the growing popularity of hybrid cosmetics presents an opportunity for brands to innovate and create products that cater to the evolving needs and preferences of consumers.

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