Overview 1
Catalyst 1
Summary 1
Data table of Contents 2
Data table of figures 3
Data table of tables 4
THE FUTURE DECODED 5
INTRODUCTION: A growing Seniors population seeking functionality and youthfulness is worthy of serving with targeted personal care products 5
It is doubtful that the full potential of Seniors demographic has been realized in personal care 7
TREND: The population aged 50 plus is expected to continue grow ing 8
Seniors are an important group due to their sheer number 8
Seniors account for a large proportion of US and EUR pean society 8
Growth in the Seniors population in Asia-Pacific and other emerging industry s is commercially appealing 9
Rising median age confirms the aging of society 11
Rising life expectancy, declining mortality rate and decreasing fertility rate are the main contributors 12
The number and industry potential of Seniors cannot be ignored 13
Key takeouts and implications: the world population is getting older 14
TREND: The Senior population grouping consists of several different sub-cohorts 14
The US: Differences among the GI generation, silent generation and baby boomers need to be recognized 15
Baby boomers entering the 50-plus cohort could bring fundamental change to how 'aging' is defined 15
Japan: The dankai generation are re-defining the meaning of otona (adult) 17
Beyond demographic groups: understanding where the generations are from is the key to communication 19
Key takeouts and implications: consumers in the 50-plus cohort are not all the same 19
TREND: Seniors' financial status heavily influences their purchasing behavior 19
Seniors are well attuned to the premiumization philosophy of 'less but better' 19
Aging population and the impact on wealth: grow old and rich, or old and poor? 20
The financial status of the 50-plus cohort is affected by their family stage 21
The recessionary environment should be a cause for concern among the 50-plus population 21
Seniors appear to less concerned with the economic downturn than younger age groups 22
The housing industry downturn is an issue for many consumers including Seniors 23
Seniors have cut their trading up in food and drinks according to Datamonitor research 25
The alcoholic drinks industry has seen little premiumization in 2008 with Seniors greatly affected 26
Seniors up-trading is reasonably robust in personal care categories 28
Seniors may change certain aspects of their lifestyles less than younger adults in the current economic environment 29
Key takeouts and implications: the purchasing power of the 50-plus age cohort is varied 30
INSIGHT: Seniors personal care product choice drivers differ from other age groups 30
Compared with other consumer age groups, Seniors are less affected by price and promotional offers 31
Promotional offers are less important than price for all consumers 31
However, price is the most important factor in purchase decisions for Seniors' personal care products 32
Natural ingredients are currently popular in personal care but Seniors have less favorable perceptions 34
Seniors are less likely to favor natural personal care products 34
Key takeouts and implications: anti-aging will remain the central growth opportunity in the skin care industry 36
INSIGHT: Wellbeing and staying active are high on Seniors' priority list 36
Many in the 50 plus cohort regard themselves to be healthy and pay attention to safeguard their health 36
Staying socially connected could contribute to maintaining psychological health 37
The "anti-aging" attitude may be the main driver of the 50 plus cohort staying healthy and active 37
Key takeouts and implications: the 50-plus cohort is leading a more active life compared with their predecessors 39
INSIGHT: Seniors believe skin care is vital in slowing the aging process 40
Usage of skin care products of the 50 plus cohort could increase as Baby Boomers enter this sector 40
Anti-aging is a leading feature among skincare products 43
Seniors want to age well rather than avoid aging entirely 44
Seniors feel under less pressure to look good 45
Products offering anti-aging effects are grow ing from facial care to other product categories 46
When surveyed, Seniors show different skin care needs and concerns from younger age groups 47
Seniors are most likely to take action on skin dryness and wrinkles 48
The unaddressed skin care issues that concern Seniors offer commercial growth potential 49
Seniors care little about acne, skin tone and greasy skin 50
Spending on skincare may be curbed due to distrust in product claims and recession 51
Make-up products are more often used as a beauty-enhancing option among Senior consumers 52
Key takeouts and implications: Younger Seniors are more likely to use skincare products compared with later life stage Seniors 55
INSIGHT: Haircare is considered a less important part of looking good for Seniors 55
Seniors are less concerned about haircare compared with issues linked to other product categories 55
Hair colorants could be used more often as an appearance-enhancing product when younger Baby Boomers enter the age cohort of 55 plus 57
Key takeouts and implications: usage of hair care products is low among Senior consumers 62
INSIGHT: Fragrance and deodorants could be used as a means to enhance appearance among Senior consumers 62
Body odor affects perception of appearance 62
Usage of fragrances decreases slightly as consumers age, but this might change due to the youth-seeking practices of later-born Baby Boomers who are now entering the 50 plus cohort 63
Personal hygiene products with a youthful smell could help to combat the "aging odor" problem 65
Key takeouts and implications: concern about "aging odor" could be tackled by the use of fragrance and personal hygiene products 67
INSIGHT: Seniors value good oral care for general health and quality of life 68
Oral care is becoming more important, as the 50 plus cohort pursues a more holistic view of health 68
Seniors profess to being motivated by functionality in oral care 68
Plaque build-up should be a continued area of focus in Seniors' oral care products 69
Industry research shows Seniors are motivated by dental aesthetics to some degree 70
Consumption of oral hygiene products among Senior consumers has scope for growth 70
Key takeouts and implications: oral care products have scope for growth in Senior's consumption 75
ACTION POINTS 76
ACTION: Make positive messages about aging and realistic role models core to appealing to the 50 plus cohort 76
Align products with Seniors' attitudes to "healthy aging" rather than "anti-aging" 77
Seniors need to be able to identify with products, and products have to meet the special needs of Seniors 77
Glorify age as a badge of honor rather than try to hide it 78
ACTION: Make skin care a priority in targeting Seniors 79
Make personal hygiene the base for good skin care 80
Target specific age groups with tailored skin care products 81
Serve the appearance needs of Seniors as well as functionality 81
Appeal to male Seniors with 'rugged manliness' 82
ACTION: Leverage functionality before appearance in oral care products 83
Use non-product specific societal industry ing to improve oral health routines 83
Make plaque fighting the core of functional product attributes 83
Make gentleness a key feature of all oral care products 84
Make flossing more pleasant to encourage more Seniors to carry out this important dental task 85
Tackle Senior-specific oral hygiene issues such as dry mouths 85
Address the dental aesthetics needs of Seniors 86
ACTION: Address Seniors hair care concerns with age-specific ranges 87
Appeal to Seniors' hair care concerns with hair-fortifying, age-specific formulations 87
Celebrate age across unified, comprehensive product ranges 87
APPENDIX 89
Additional data 89
Definitions 90
Methodology 91
Further reading and references 91
Online resources / databases 92
Ask the analyst 94
Datamonitor consulting 94
Disclaimer 94
List of Tables
Data table 1: Senior population (m) by country, US & EUR pe, from 2002 to 2012 9
Data table 2: Senior population (m) by country, Asia Pacific and emerging industries, from 2002 to 2012 10
Data table 3: Median age of world population across countries, from 2002 to 2012 11
Data table 4: Life expectancy, mortality rate and fertility rate across 18 countries in EUR pe, the Americas and Asia-Pacific, 1990-2006 12
Data table 5: Consumer survey: level of influence on product choice exerted by various purchasing criteria, Seniors (Overall), in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 33
Data table 6: Consumption (US$ m) of skin care products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 42
Data table 7: Industry value of anti-agers products in facial care industry (US USD million), Asia Pacific, EUR pe, Brazil and the US, from 2003 to 2007 43
Data table 8: Consumer survey: Seniors' skin care concerns and current proactive responses by age and gender, in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 48
Data table 9: Consumer survey: Seniors' skin care concerns and current non-reactive responses by age and gender, in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 49
Data table 10: Consumer survey: Seniors' skin care absence of concerns by age and gender, Global, 2008 50
Data table 11: Consumption (US$ m) of make-up products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 54
Data table 12: Consumer survey: Seniors' hair care concerns and current responses by age and gender, in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 56
Data table 13: Consumption (US$ m) of hair care products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 59
Data table 14: Consumption (US$ m) of hair colorant products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 61
Data table 15: Consumption (US$ m) of fragrance products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 64
Data table 16: Consumption of personal hygiene products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 66
Data table 17: Consumer survey: Seniors' oral care concerns and current responses by age and gender, in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 69
Data table 18: Consumption (US$ m) of oral hygiene products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 72
Data table 19: Consumption (US$ m) of mouthwash products among the population cohort aged 45 - 54 and 55+, Asia Pacific, EUR pe, Brazil and the US, 2007 74
Data table 20: Consumer survey: level of influence on product choice exerted by various purchasing criteria, Early Seniors (50-64), in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 89
Data table 21: Consumer survey: level of influence on product choice exerted by various purchasing criteria, Late Seniors (65+), in 15 countries across EUR pe, Asia-Pacific, South America and the US, 2008 90
List of Figures
Chart 1: External factors and Seniors' attributes are key to the Seniors Personal Care industry 5
Chart 2: Personal hygiene matters most to Seniors 6
Chart 3: Seniors are less likely to notice new products 7
Chart 4: Baby boomers' lack of technophobia has contributed to the success of home entertainment technologies 16
Chart 5: Apple iPod is also popular among baby boomers 17
Chart 6: Media, including Internet websites and magazines, have turned their attention to the dankai generation and senior population in Japan 18
Chart 7: Seniors have felt less concerned by economic downturn in the first half of 2008 23
Chart 8: The housing industry downturn is a concern for a third of all consumers 24
Chart 9: Mortgage affordability and smaller subsequent generations are now affecting Seniors 25
Chart 10: Seniors have traded up less than Young Adults in 2008 26
Chart 11: Seniors have been particularly slow to trade up in the on-trade in 2008 27
Chart 12: All consumers, including Seniors, have been keener to trade up when drinking at home in 2008 28
Chart 13: Personal care has been one of the industry s that has most commonly experienced up-trading in 2008, but Seniors have lagged behind 29
Chart 14: Seniors have felt less concerned by economic downturn in the first half of 2008 30
Chart 15: Price is less of an issue in choosing personal care products for Seniors 31
Chart 16: Promotional offers have less effect than price on Seniors' purchase decisions 32
Chart 17: Seniors are skeptical about the health attributes of natural personal care products 35
Chart 18: Seniors are more skeptical about the efficacy of natural personal care products 35
Chart 19: Elixir news may become just one of many websites devoted to anti-aging news and information 39
Chart 20: Consumers do not necessarily buy more skin care products as they age 41
Chart 21: Seniors are reasonably happy with their age 44
Chart 22: Consumer survey: Young Adults are more likely to feel pressure to look good rather than Seniors 45
Chart 23: Consumer survey: beauty advertisements play a significant role in Young Adults self-consciousness, but Seniors are largely immune 46
Chart 24: DermaLastyl-m products are specifically anti-aging targeted at a range of skincare needs 47
Chart 25: Everyday pricing is likely to be more popular than premium products during recession 51
Chart 26: Anti-aging performance is moving into more products 52
Chart 27: Consumers aged between 45 and 54 use more make-up products compared with those aged 55 and above 53
Chart 28: 55+ consumer use fewer hair care products compared with their population weighting 58
Chart 29: The usage of hair colorant products is higher among consumers aged between 45 and 54 60
Chart 30: Usage of fragrance products in consumers aged 55 and above could increase if body odor problem becomes widely recognized 63
Chart 31: The consumption of personal hygiene products decrease as consumers age 65
Chart 32: Usage of male fragrance shows that older men are concerned about the problem of "aging odor" 67
Chart 33: Senior consumers tend to spend more on oral hygiene products 71
Chart 34: The usage of mouthwash products among consumers aged above 55 is higher in Australia, Japan and US 73
Chart 35: 40+ dental products allude to the vagaries of age complexity 78
Chart 36: Linea Mediterranea Action 50 products are clearly industry ed to Seniors 79
Chart 37: Ageless positioning can appeal to a wide variety of consumers including Seniors 79
Chart 38: Anti-aging is a product concept that is prevalent in the skin care category. 80
Chart 39: Age-specific products will appeal to Seniors if their functionality is similarly targeted 80
Chart 40: Few skin care brands are positioned to serve Seniors before age 50 and long after 81
Chart 41: Make-up is important to may women of all ages 82
Chart 42: Masculine solutions are essential for male Seniors 82
Chart 43: The build-up of plaque needs to be a core focus of oral hygiene products 84
Chart 44: Senior-specific toothpastes need to be milder 84
Chart 45: Convenient floss products are needed to convince more Seniors to floss 85
Chart 46: Senior consumers are more likely to suffer from a dry mouth 86
Chart 47: Teeth whitening treatments have growth potential among younger Seniors 86
Chart 48: Schwarzkopf's age-specific Bonacure range targets mature hair 87
Chart 49: Dove's campaign for real beauty has paved the way for its Pro Age brand 88
Chart 50: Dove's innovative industry ing and product range now targets Seniors more actively 88
