02.25.24
Consumers are keen on oil, and we’re not just talking for full-body massages. According to the beauty analysts over at Spate, oil is spilling in popularity to keep lips and faces the most youthful-looking yet.
Lip Oil
Lip oil ranks number one with a +27.7% year-over-year (YoY) predicted growth rate, per analysts. It’s a highly popular trend expected to last, marked by “intense” competition among four key players: Dior, Rare Beauty, Gisou and Clarins lip oils. Two of the brands have celebrity founders (Selena Gomez and Negin Mirsalehi), while the other two come from heritage brands.
While it may be a slippery slope for an indie to compete with these players, Spate says an “amazing” formula with unique, “cozy” colors that highlight “rich, balmy textures” and a few viral TikTok videos can do the trick.
Oil-Based Cleansers
Skin care-obsessed consumers are not only seeking oil for their lips but the entire face. Oil-based cleansers have a +25.8% YoY predicted growth rate, and is a lasting trend, especially as consumers are in the exploratory phase, with searches such as “good for” a shining indication for consumer interest in discerning the purpose of this cleansing product.
Trending brands include CeraVe, Selfless by Hyram, Tatcha and Garnier. Newcomers are encouraged to distinguish themselves from these legacy brands and take this as an opportunity to educate consumers on the power of oil-based cleansers with clever marketing strategies both on- and offline. Take a page from CeraVe’s Super Bowl campaign featuring actor Michael Cera! Per a recent Happi survey, the ad received the highest votes (38%) for the best national commercial.