OCTOBER 31, 2024
The Beauty of Inclusivity: Why Diverse Brands Are Winning Hearts and Wallets
In the ever-evolving world of beauty, a powerful trend is
reshaping the industry: inclusivity. Gone are the days when beauty brands could
offer a one-size-fits-all approach. Today's consumers are demanding products
that truly represent and cater to the diverse tapestry of humanity, and brands
that answer this call are reaping the rewards.
The Rise of Inclusive Beauty
The beauty landscape is undergoing a seismic shift, with
inclusivity moving from a niche concern to a mainstream expectation. This
change is being driven largely by younger consumers, with a staggering 45% of
Gen Z and 50% of millennials stating they would stop using a beauty brand if it
lacked inclusivity or social responsibility
But it's not just about avoiding backlash – inclusive brands
are actually outperforming their less diverse counterparts. According to the
SeeMe Index, an AI-driven platform that measures brand inclusivity, certified
inclusive brands are growing 1.5 times faster than their competitors.
What Makes a Brand Truly Inclusive?
Authentic inclusivity goes far beyond just expanding shade
ranges.The SeeMe Index evaluates brands across six key identity dimensions:
Gender
expression, Age, Skin
tone, Sexual
orientation, Body
size, Visible
disability
True inclusivity means considering all these factors in
product development, marketing, and brand messaging. It's about creating a
beauty world where everyone feels seen, valued, and catered to.
The Business Case for Diversity
For those who might still be sceptical about the importance
of inclusivity, the numbers don't lie. Brands that invest in diverse and
inclusive products are seeing clear returns in the form of:
Stronger
brand differentiation
Higher
consumer loyalty, and Increased
sales. This trend is only set to continue as the U.S. approaches a
minority-majority population by 2045. What we consider "mass market"
is rapidly evolving, making inclusive practices not just a moral choice, but a
necessity for long-term growth.
Beyond Skin Deep
The Importance of Intersectionality
One of the most crucial insights from the SeeMe Index is the
importance of intersectionality – recognising that consumers embody multiple,
overlapping identities. Brands that excel in inclusivity understand that their
consumers can't be viewed through a single lens. This means developing products
that cater to individuals who may simultaneously represent several identity
dimensions. For example, a foundation line shouldn't just consider skin tone,
but also how it works for different age groups and skin types.
Transparency:
The Key to Consumer Trust
In today's beauty world, performative inclusivity simply
won't cut it. Consumers are savvy and can easily spot inauthentic efforts. They
expect brands to address diverse identities consistently across every
touchpoint – from product development to marketing and partnerships
Brands that are truly committed to inclusivity should be
transparent about their efforts. This means regularly reporting on how diverse
groups are represented in product testing, sharing progress on inclusivity
goals, and being open about areas where they're still working to improve.
Embracing the Inclusive Future of Beauty
As we look to the future of the beauty industry, one thing
is clear: inclusivity is not a passing trend, but the new standard. Brands that
embrace this reality and make genuine efforts to cater to all identities will
find themselves not just on the right side of history, but also on the path to
greater success.For us as consumers, this shift means more choices, better
products, and a beauty industry that truly celebrates the diversity of human
beauty. So next time you're shopping for beauty products, consider supporting
brands that are making real efforts towards inclusivity. After all, true beauty
lies in diversity, and it's time our beauty products reflected that.
Source:
www.cosmeticsdesign.com/Article/2024/09/16/Inclusive-brands-outperform-in-the-beauty-market-SeeMe-Index-reveals