Explore beauty trends with data!
Table1. Comparison of Top 5 skincare products of Korea vs. Japan
: Three out of Top 5 skincare products list are the same SK-II essence. This implies that brand loyalty for SK-II is strong enough to generate repurchase of the same product. The brand boasts constant demand from local consumers despite its premium price, and is maintaining the position as the most loved Japanese brand every month since this year. It has completely broke the typical stereotype that Chinese consumers lack brand loyalty.
: It appears in MeasureChina dashboard that Japanese brands usually include free giveaway of the same but mini-sized product when consumers buy a regular product. This strategy is particularly valid for SK-II since the brand is well-known for its premium price and image. But including giveaways seems like a popular tactic for many Japanese brands instead of offering discounts. Elixir’s lotion, which ranked 8th place in skincare, also included a miniature product as a free giveaway.
: Korean skincare products that sold the most (ranked 1st to 4th) are all in bundles. Consumers purchases skincare sets when brand awareness is low or when they need to buy a present for someone. With this factor in mind, we can see that Korean cosmetics have a positive image, but it is hard to say that certain brand or certain product has a strong preference from the locals.
: Contrary to Japanese brands that only included 1 or 2 miniatures with the purchase of a regular product, Korean brands provides a lot of samples. Also, they emphasize that the price at a discount. Thus it is obvious that Korean brands lack premium image compared to Japanese brands, and rather carry the impression of ‘cheap and affordable.’ The official product images registered on Taobao show this difference at a glance. AHC mentions price discount on thumbnail image, and Laneige put a phrase on the bottom that says ‘samples worth 313 yuan are included.’
In conclusion, Japanese brands do an excellent job in setting certain brand image, and carry out sales strategy that is most suitable to that image. Premium brands offer complimentary miniature products with the purchase of a regular product, but rarely take the price discount strategy. This contributes to enhancing the premium brand image and encourages repurchase in return.
On the other hand, Korean brands are more focused on reassuring consumers that buying their product is a good deal. In skincare, sets usually sell better than single items. Brands offer a great deal of samples and emphasize price discounts regardless their original price segment(premium or mass).
Predict China's E-commerce Trendswith Data-driven Insights
Copyright © 2020 MeasureChina inc. All rights reserved.