
A new wave of ‘skinimalist’ consumers favor simple, multi-use products. They’re rejecting complex beauty routines and no longer aspire to having an extensive collection of skincare and makeup products in their cupboards. They care about the planet, and are eager to reduce their carbon footprint and minimize waste. And they’re also looking for more bang for their buck — as post-pandemic finances are tight, a growing number of beauty users are careful about how much they spend on cosmetics, and they want products that offer real value.
Which, on the surface at least, poses a problem for the luxury beauty category. Can luxury brands win over these minimal consumers and persuade them to spend their personal care budget on premium price tags?