Niq Global Intelligence Plc · NYSE:NIQ
Niq Global Intelligence — The Colors NYC (October 2024)
15 slides from Niq Global Intelligence's conference presentation, October 2024
Slide 1: The Colors NYC
The Colors NYC Kymberly Graham October 2024 © 2023 Nielse n Consumer LLC. A ll Rights Reserved. © 2023 Nielse n Consumer LLC. A ll Rights Reserved.
Slide 2: Key take aways
Diversity is key Prioritize Black Consumers The multi-cultural population in the US is Black consumers are a young and growing substantially and their buying growing population that are outspending power is following suit. the Total US in key Beauty categories. Key take aways Multi-Cultural Marketin
Slide 3: NIQ delivers the Full View of beauty buying
DTC/pure play Amazon Instacart & Shipt NIQ delivers the Health Beauty Full View of specialty Specialty Club beauty buying Social behavior Department Store 90+ Dollar • The industry's most trusted Global consumer data—more DIY Markets channels, sources, consumers, Grocery and regions Discount • Valid
Slide 4: Importance of Multicultural Consumers
Importance of Multicultural Consumers © 2023 Nielse n Consumer LLC. A ll Rights Reserved. 5
Slide 5: Multi-cultural buying power projections remain strong
Multi-cultural buying power projections remain strong $1.8t Buying power Estimated estimatepower buying in 2024in 2024, that is bigger than Canada's economy 7% of the nation’s total buying power Data source: https://news.uga.edu/selig-multicultural-economy-report-2021/ © 2023 Nielse n Consumer LLC.
Slide 6: Black consumers spend an average of $823 on beauty
Black consumers are spending an average of $823 per year on beauty and personal care compared to $830 for total US Source: NielsenIQ Omnishopper Panel Total US Latest 52 weeks ending 8/10/2024 vs YA © 2023 Nielse n Consumer LLC. A ll Rights Reserved. 7
Slide 7: Black households are seeing faster growth for total beauty compared to total US
Black households are seeing faster growth for total beauty compared to total US Cosmetics and Fragrance are the only categories where growth is under pacing that of total US Beauty and Personal Care $ % Chg 22.1% 21.4% 17.8% 15.8% 13.6% 12.6% 12.1% 11.2% 11.8% 11.0% 10.2% 10.0% 10.3% 8.1% 8.4% 6.8%
Slide 8: Black households are outspending in bath & shower, deodorant, fragrance, and HBL
Black households are outspending in bath & shower, deodorant, fragrance, and HBL Index of dollars to buyers 99 125 80 106 86 137 95 81 115 88 Total Beauty & Bath & Shower Cosmetics & Nail Deodorant Facial Skin Fragrance Hair Care Hair Removal HBL Sun Care Personal Care Source: NielsenIQ Omnishopper
Slide 9: Redefining the marketing model
Redefining the marketing model © 2023 Nielse n Consumer LLC. A ll Rights Reserved. 10
Slide 10: The old marketing worldview
The old marketing worldview Convention “I’ll wait until 2030” previously Mainstream confined products/ media $$$ “Margin” “I get the most scale” Multicultural Products/services marketing to a niche. Minority $ products/ “Mission” media Minority Majority (Ethnic) (White) Consumers © 2023 Nielse n Con
Slide 11: Prioritizing multicultural consumer needs can result in broader sales and appeal
Prioritizing multicultural consumer needs can result in broader sales and appeal Three incremental opportunities Opportunities 1 Redefining the mainstream 2 Mashup innovation 3 Authenticity adventures Mainstream Incorporating multicultural-appealing features into products/ media $$$ “Margin” 1 prima
Slide 12: The Rise of African-originated Ingredients
The Rise of African- originated Ingredients © 2023 Nielse n Consumer LLC. A ll Rights Reserved. 13
Slide 13: Ingredients with African origins seeing dollar growth in beauty
Ingredients with African origins seeing dollar growth in beauty Ylang Shea Jasmine Vanilla Ylang Oil Butter Extract +21.7% +29.4% +11.0% +10.2% Fragrance +199.1% Hair Removal +61.7% Deodorant +32.7% HBL +78.2% Bath & Shower +42.7% Hair Removal +23.4% Bath & Shower +63.8% Facial Skin Care +24.8% Cosm
Slide 14: People are specifically searching for these ingredients in their beauty routines
People are specifically searching for these ingredients in their beauty routines Body Care is a top searched-for category among many ingredients Ingredients with African Origins Search Volume % CHG 246% 95% 34% 44% 6% 3% Vanilla Ingredients Shea Ingredients Cocoa Butter Ingredients Cocoa Ingredients
Slide 15: Thank you.
Thank you. © 2024 Nielse n Consumer LLC. A ll Rights Reserved. © 2023 Nielse n Consumer LLC. A ll Rights Reserved. 16
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