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Click
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accessibility
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ANDFOOTPRINT2023RESILIENCERISINGClick
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for
the
accessibility
optimised
versionIn
a
worldwhere
somehouseholdsarestrugglingtopaytheirbills,you’d
assumetheFast-MovingConsumerGoods(FMCG)industrycouldbe
staring
downahard
road.And
yes,
there
arepocketsof
pain,buttheresilienceshownby
somebrandsisnothingshort
ofstores,spacingouttheirshoppingtripsinsomeparts
of
theworld,andhuntingdownsmallerpacksizesto
managethemoneythatkeepsthehouseholdafloat.recognisingandrespondingtoconsumerpain.Amidthisadversityconfrontingtheircustomers,
brands
haveexhibiteda
remarkablecapacityforadaptationandgrowth.Thisdisplayof
brandresilienceandempathyforshopperneedsisatestament
totheindustry’sinnovativespirit.Even
when
facingchallengingcircumstancesandscarcegrowth
opportunities,brands
have
discovered
ways
toprosperandhelpshoppersatthesametime.BrandFootprint
investigatestheperformanceof
37,000brandsacross53marketsandfivecontinentsremarkable.ButI’d
askyou
toholdthatthought
fora
moment.First,weshouldreconcileourPutsimply,shoppersarebeingforced
tospendmoreandmaketoughchoices.Thoughthey
arepresentedwithroughlythesamenumberof
brandchoiceswhentheyshop,they
arebuyinglessandpayingmore,optingforlower-costreality.Globalspendingshotupby+4.8%
in
2022,leavingthe+2.6%growth
of
2021
farbehind.Butweshouldn’tbe
too
excited
bythosenumbers.Thisso-called“value”ismostlydrivenbyinflation'shandiwork,nothonest-to-goodness
alternativesinsomecategoriesandconsumerdemand.relinquishingothers
altogether.Thispattern
islikely
tocontinue,asevenwheninflationisreinedin,priceswillstayhighto
tackleongoingsupplychainchallengesandhigherenergy,
production,anddistributioncosts.Butbrands
areadroitlyAnd
who(ultimately)paystheserisingprices?Well,
it'stheeverydayshopperstighteningtheirbeltsandchangingtheirways
to
makeendsmeet.They’reflockingtodiscountTheTop
10mostchosenFMCGbrands
overtheyearsOur
annual
Brand
Footprint
study,the
most
comprehensive
we
haveever
conducted,
investigates
theperformance
of
37,000
brandsacross
53
markets
and
fivecontinents.
The
invaluable
insightsderivedfrom
this
extensive
analysiswill
provide
you
witha
reliablecompass
to
navigate
theseuncertaintimes
and
achieve
true
growth.willcelebrate
the
resilience
ofbrands
thathaveweatheredthestormandcontinuedto
innovate.CannesLionsistheglobalstagewheretheworld'smost
innovativeandcreativebrands
come
together,showcasingtheirbreakthroughideasandcampaignsandearningwell-deservedrecognition.We’ll
beusingtheevent
tospotlightthosewho
standouttoshoppers.Oneparticularly
captivatingdiscoveryistheriseof
smaller,newerbrandsthathavecarved
outa
nicheforthemselves,evenincategoriesthatappearedsaturated.These"up-and-comers"havetappedintothepowerofempathyandunderstanding
forstrugglingconsumers,addressingtheirevolvingneedsanddeliveringpositiveresultsin
theface
ofchangingmarketneeds.To
furtheramplify
thepowerofbrands,thisreportoffersa
viewofthestrategies
employed
bywinningbrandsthatwillhopefullyinspireothers
to
emulatetheirsuccessandthrive.At
theCannesLionsInternationalFestival
of
Creativityin
June,weClick
here
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accessibility
optimised
versionIn
theworldof
FMCG,
there’s
amoment—
a
splitsecond,really—whena
shopper'shandhoversbetweentwobrands,andtheymaketheirchoice.That’sthemoment
weaim
to
capturewithourBrand
Footprint
ranking.
WetallyupthoseConsumer
ReachPoints,seeingjusthowmanytimesshoppersreach
fora
particularbrand.In
otherwords,
welookathowmanytimesthey
madeabrandchoice.hunt
forthosesurprises.Our
teamsdugupgemsthat'llhelpyounavigate
to
realgrowth.Amongthejewels,we
found
scrappyup-and-comers,theunderdogsthattookonthebigdogsandcameoutontop,
evenin
categoriesfolkssaidwerefittoburst.There
werealsothebigdogsdemonstratingwhythey’reatthetop
of
thebrandrankings.Thisyear,
ourexamination
of
themarket
doesn’t
stopatbrands—
wealsocastaneye
acrossthevariousretailchannels.We
dosoasinflationpushesmoreshoppersintothewelcomingarms
of
discountersandPrivate
Labelgoods.We
are,
ofcourse,mindfulof
whatthisWhichfactordoyoubelievehasthe
mostsignificantimpactonabrand’s
resilienceintheFMCGmarket?PricingstrategiesEmpathyandunderstanding
forstrugglingconsumersInnovationandadaptationNow,
timesare
hard,andyou’dthinka
tougheconomicclimatecouldspelltrouble
for
brands.
Forsome,ithas,butmany
have
foundtheirfootingandlearnedtodancein
thestorm.
That’s
what
wecallbrandresilience,andit'ssomethingworth
recognising.Even
whenthechipsare
down,
brands
keepMarketingandadvertisingPost
answer"unbranding
of
theworld"mightmeanforbothbrandsandretailers,andwe’re
divingintothosemarkettensions,too.surprisinguswiththeiringenuity.For
some
brands,
it’saboutwinningbackwanderinghearts.
For
others,Each
year,
wesetoutona
treasureConsumerReachit’saboutgoingall-inontheirbestbets.To
thatend,we’ve
gotafantasticdeepdiveonSprite—
thetopshopperrecruiterin
theworld—showcasingthemagicthathappenswhen
youplayyour
cardsjustright.Withthismetric,wecanrankthemostsuccessfulbrands
acrossmarkets,givingyoubotha
bird’s-eyeviewanda
detailedlookatbrandperformancein
terms
offindingnewcustomers.
We
developglobal,regional,andlocalmarketrankings,makingita
breeze
toaccessthedata
youneedandevaluate
yourperformanceagainstwelcome
Numerator,
a
division
ofKantar
Group,
that
gives
us
anextraordinarymarket
read
in
the
US.PointsPacked
withvaluableinsightsandstrategic
takeaways,
BrandexplainedFootprint
willempoweryou
tofuelyour
brand'sgrowth.Divein
todiscoverthetop-performingbrandsandthewinningstrategiesthey’veemployed
to
achievegrowth.For
somebrands,it’s
aboutwinningbackwanderinghearts.
For
others,it’saboutgoingall-inontheirbestbets.Ifyou’re
newtothisreport,weusetheuniqueandinsightfulConsumer
competitors.Reach
Point
(CRP)metrictogaugebrandsuccess.CRPcombinespopulation,penetration,andBeyond
our
own
Kantar
Worldpanelteam,
I
shouldalsoextend
a
bigButbefore
you
readon,let’sfirstlooktothevery
latestlistof
brandsin
our“hallof
fame”.
We’re
proudtointroducethetop50mostchosenglobalbrandsin
the2023Brand
Footprint
report.And
we
won’t
stop
there.
We’ll
bebuildingonthisBrand
Footprintreportovertime,bringingyou
freshinsightsthroughout
2023
toequipbrandsandretailerswithasmuchtimelyknowledgeaspossiblewhenthey
makedecisions.consumerchoice,allowingustosee
thank
you
to
our
partners
at
GfKjusthowoften
shopperschooseany
who
help
us
deliver
such
greatparticularbrand.
One
CRPisonechoice.coverage.
And
from
the
UnitedStates,
we're
thrilled
toMeet
theworld’s
mostchosenconsumerbrandsCoca-Colahitsnumber1
again,alongwitha
raft
of
otherconsumerfavourites.
Onethingto
keepinmindisthatsuccessisalwaysdrivenbywinningin
thebiggestmarkets.Click
here
or
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enter
for
the
accessibility
optimised
versionMarket
context“
To
grow,
onemustfirstembracechange”.
We
thinkit’s
fair
tosaytheFMCGindustryhasruntowards,
ratherthanaway
from,thechangesthrownitswayinrecent
years.withtheimpactof
inflationontheirpurses.Our
teams
arespendingalotof
timeworkingwithclientsonthischallengeatthemoment.Unlike
the
COVID
years,
whengrowth
rates
soared
by
10.6%
in2020,
the
growthwe’ve
seen
in
ourlatest
examination
of
theglobalFMCG
market
comes
not
fromdemand
driven
by
a
populationforced
to
stay
home
for
months
at
atime,
but
by
inflation.
Food
priceinflation
is
above
10%
in
all
regionsexcept
Asia,
which
isreflected
inthat
region’s
slower
growth
year
onyear.In
2022,
wesawshoppersbasicallymakingthesamenumber(only0.1%
difference
year-on-year)
ofGrowth
isa
journey,
notadestination,andfor
many
brandsin
CRPchoicesastheprevious
year,2022thatjourneywasa
positiveone.Brandchoiceswereup(61.3brandsperhouseholdin
2022vs60.9in2021).whichisobviouslygood
news
forthosewho
wereabletopushtheirway
intotheworld’sincreasinglycompetitivebaskets.However,thegrowing
trend
ofrisingPrivate
Labelin
2023meansthosebrandchoicesmaybesubstitutedfor
Private
Labelalternatives.butthey
wereclearlymakingdifferentchoicesthanthey
haveinthepast.Asthereportrankingsshow,
they’retrying
smallerandlocalbrands.Plus,proportionally,smallerbrands
are
growing
versusthetotal
market.The
Food
and
Dairy
sectors
aredrivingthe
overall
FMCG
figures,Smallerbaskets
mayalsodelivertougherheadwindstoshopperrecruitment,particularly
in
marketswhereshoppersarelessfamiliarwhile
Beverages
and
Health&Beautysawtheir
growth
slow.Growth
was
stronger
in
the
secondhalf
of
the
year,
and
this
mayrepresent
how
the
industry
is
likely
toperform
at
least
for
the
first
half
of2023.Ifthis
isn’t
true
growth,
where
are
wereally?
The
FMCG
volume
numbershelp
smooth
out
the
story.
Indeed,we
have
seen
no
bouncebackfromthe
volume
declines
we
sawin
thepost-COVIDperiod:
sales
are
down,prices
are
up.Whichsectordoyouthinkwillexperiencethe
mostsignificantgrowthintheFMCGindustryinthe
nextyear?FoodandDairyBeveragesHealthandBeautyHome
carePost
answerPeoplepowernote,
as
you’ll
see
later
in
this
report,thatgrowth
is
behaving
differentlydependingon
where
you
are
in
theworld.For
furthercontext,thenumberofconsumerchoices(interactionswithbrands
acrosscategories)wasessentiallyflatyear-on-year,a
firstin
thehistoryof
thisreport.Butthereisimportantmovementwithinthismetricthatsawlocalbrandsgainin
importanceoverglobalbrands.
Local
brandssawaCRP
share
of
67.
7%
vsglobalat32.3%,anincreaseof
0.6%.LocalbrandssawaCRPshareof
67.
7%vsglobalat32.3%,anincreaseof
0.6%But—
andthisisanimportant‘but’—
weseea
persistentandconsistent
common
denominatoramong
brandssuccessfullyrecruitingmoreshoppers:Penetration.
Ourrealityisthathalfof
brandsgloballyarewinning,andhalfaredeclining,but88%of
thosewinningdosowithimprovedpenetration,upfrom
86%.
Onaverage,thosewinnersaregaining1.8penetrationpoints.Of
course,
not
allgrowth
is
createdequal;
profitable
growth
is
one
of
themost
elusive
targets
for
brands
andretailers
of
all
sizes.
We
have
seenthis
profit
challenge
reflected
insome
of
the
big
retailer
and
brandearnings
reports.
We
shouldalsoThe
implications
of
this
seeminglysmall
shift
point
toa
larger
trend.Local
brands
are
continuing
to
findtheir
place,
and
doing
so
when
thefrequency
of
brand
engagement
isdown(-2.2%).
We
need
to
recognizethat
a
1%
lift
in
local
brands
versustheir
global
counterparts
isseismic
inthe
dollar
terms
of
multi
trillion-dollar
industry.Alift
of
1%inpenetrationisadding12millionhouseholdsWe
alsoneedtorecognizethehouseholdlevel
investments
here.We
calculatethateachhouseholdisworth
USD$1,008a
year,
andeachbrandchosenisworth
anaverage
of
USD$3;upby5%
in
thislatest
year
of
reporting.To
putavalueonthat:a
lift
of
1%
inButtogetthat1%
increase,abrandneedstofind224,000
morehouseholdstodaythantheydidonlylastyear
to
stayatthesamelevelsof
brandperformance.Mostof
thisextraworkrequiredcanbeattributedtoa
globalpopulationincrease.Theshopperbehaviourdatathatexplains2022penetrationisadding12millionhouseholdswhichequates
to$36milliononaverage.Click
here
or
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enter
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the
accessibility
optimised
versionLet’s
getintothedetail.We’ll
lookglobally,locallyandtalkaboutbrands
bysize.Here’s
whatthatlookslike:Findinggrow
thshoppingbasketsandgainingmoretractionthanprevious
years.Inmanyways,they
aretherisingstars.
They’realsoshowingresilienceacrossallcategories,except
beverages,
whereglobalbrands
haveheldtheirtraditionalstrongholdpositions.Theaveragepenetrationgainin2022
washigherthanthepreviousyear
for
brands
of
allsizesat+0.5percentagepoints.There
areseveralpiecestothisdynamic,butthesetwostandout:Atwistthisyearisthewaysmallbrandsare
fightingtheirwayinto
shoppingbasketsandgainingmoretractionAsia,particularly
India,isdrivingCRPgrowth,evenasEuropeandtheUnited
Statessoftens.Improvedpenetrationhascomeattheexpenseof
brandfrequency.We
alsohaveshopperstrying
newbrands,particularly
smallerorlocalbrands,andthere
are
many
moresmallbrandsthanglobalbrands.Atwistthisyearisthewaysmallbrands
arefightingtheirway
intoLocallearningsDiscover
the
Kantar
BrandZMost
Valuable
Global
Brands2023
report
from
14
June2023,
with
newinsights
onhowthe
highest
performersare
investing
instrategies
thatdifferentiate,
protect
value,and
advance
sustainabilitycredentials
to
connect
morecloselywith
consumers.Findout
more:At
a
localbrandlevel,wealsoseeatrend
of
shoppersfindinggravitypointswiththeirlocalofferings.Through
all
of
this,
brand
loyalty
ispressured.
Of
course,
much
of
thatpressure
comes
back
to
that
wordagain:
inflation.
It’s
a
word
that
ismaking
the
FMCG
industry
work(very)
hard
for
its
money.
We’ve
beeninundated
withquestions
on
pricing,portfolio,
promotion,
innovation,
andthe
nuances
in
between.
Additionally,the
dynamic
between
retailers
andmanufacturers
has
been
wrought
attimes
as
retailers
battled
to
hold
pricesdown
to
keep
shoppersin
their
storesand
curb
thebleed
to
discounters
asshoppers
race
to
conservetheir/brandzspending
power.Click
here
or
press
enter
for
the
accessibility
optimised
versionPenetration
refers
tothepercentage
of
householdsthatpurchasea
particularconsumerproductorbrandwithina
givenperiod.As
we
know,
itisanimportantmetricfortheFMCGindustry,asitindicatesthepotential
marketsizeforaparticularproductorbrand.However,achievinghighhouseholdpenetrationcanbe
challenging,asittypicallyrequiresa
combinationof
effectivemarketing,
strongdistributionchannels,anduniqueproductpropositiontodrivebrandtrialandrepeatpurchases.Penetration
requiresacombinationof
effectivemarketing,strongdistributionchannels,anduniqueproductpropositionSunsilkUnilever-ownedSunsilkhasIn
Brazil,theSedaBoom
(SedaisthenameSunsilkismarketedasinBrazil)relaunch
#FocaNaLiberdade(FocusonFreedom)campaignhelpedthebrand
growitsmarketshare,reaching40millionpeoplethrougha
realityshowfeaturinglivecelebritiesfor
72
hours.achievedremarkablesuccessin
thehaircare
sector,
thanks
toitsfocusondeliveringaffordable,effectiveproductsto
consumers
aroundtheworld.Thebrandhasfound32.2millionnewshoppers,had14%
CRPgrowth,andjumpedtwospotsintheWorldpanelglobalrank.One
of
thekey
driversof
Sunsilk’ssuccesshasbeen
itsperformancein
top
markets
likeIndia,thePhilippines,Bangladesh,andBrazil.In
India,for
example,thebrand’sDashainFestivalcampaignengagedwiththeaudienceandreached100millionviews(66milliononTikTok),
helpingSunsilkgrowitsglobalpenetrationby
2.2points.OreoOreo
has
achieved
remarkablesuccess
by
taking
advantage
ofaproduct
flywheeleffect,
which
hasallowedthe
brand
to
extend
andstretch
its
offerings
beyond
itscookie
foundations.
One
example
ofthis
is
Oreo’s
frozen
products,
whichinclude
a
range
of
frozen
treats
suchas
ice-creams,
cones,
pots,
andsandwiches.
This
move
has
helpedOreo
find
26
million
newshoppersand
expand
into
new
markets.Mondelez-ownedOreocanattributesome
of
theirsuccesstoinitiativessuchasits#StayPlayfulcampaign,whichcelebratesthefunandplayfulaspects
of
thebrandandevokesmemoriesof
familymoments.Thiscampaignhashelpedreinforce
Oreo’s
positionasa
heritage
brandwhilealsoreimaginingitsportfolio
to
stretchfromthepantry
tothefreezer.Overall,
Oreo’s
successisaYet,
evenasitexpandsintonewcategories,biscuitsremainatthecore
of
Oreo’s
business,andthebrandhascontinuedtofindsuccesswithnewshoppersin
markets
likeIndia.In
India,Oreogainedawhopping5.7
millionnewshoppersandsawanincreasein
penetrationpointsby19millionbuyersin
2022.testament
toitsabilityto
innovateandevolvewhilestayingtruetoitscore
valuesandheritage.
Byexpandingintonewcategoriesandmarketswhilecontinuingtofocusonitscorebusiness,Oreohasestablisheditselfasa
leaderin
thebiscuitindustry.ArielAriel,a
brandownedbyProcter&Gamble,hasachievedremarkablesuccessin
thelaundry
detergentindustrythanks
toitscommitmenttodeliveringinnovative,sustainable,andeffectivesolutionsthatmeettheneedsof
consumersaroundtheworld.Ariel’s
commitment
tosustainability
continueitssuccessin
thelaundryisdemonstrated
bythebrand’sEco-Box,whichuses60%lessplasticthantraditionaldetergentbottles
andappealsto
consumerswho
areincreasinglyconcernedabouttheenvironmentalimpactoftheproductstheyuse.detergentindustry.Arielhasfound
17.5
millionnewshoppers,had11%
CRPgrowth,andjumpedsixpositionsonIn
additiontoitsfocusoninnovationandsustainability,ArielhasalsodevelopedstrongWorldpanel’s
latest
brand
rankings.Thissuccesscanbe
attributedtothebrand’s
strongperformanceintopgrowth
markets
likeIndia,thePhilippines,Colombia,andMainlandChina,whereithasfocusedondeliveringefficientandeffectiveproductsthatresonatewithconsumersseekinghigh-qualitylaundry
solutions.marketingcampaigns,suchasthe#ShareTheLoadcampaign,whichaddressesimportantsocialissueslikegenderinequalitywhilealsohighlightingtheefficiencyandefficacy
of
Ariel’slaundry
solutions.WithProcter&
Gamble’sownershipanditsfocusonmeetingconsumerneedswhileaddressingimportantissues,Arieliswell-positionedtoSpriteSprite
wasa
clearwinnerin
ourglobalrankingsthisyear.
Thenumbersspeakforthemselves.Sprite
foundalmost34millionnewshoppersin
thespaceof
a
year.And
theydidsoin
themidstof
aglobalcost-of-livingcrisis.Successcanbe
attributedto
severalkey
factors.Thefirstwasitsabilitytoappealtodiversemarkets
acrosstheworld.From
Mexico
toIndia,Brazil
totheUS,
Peru
toIreland,andSouthKorea,
Sprite
won
overnewconsumersin
markets
of
everysize.Thebrand’s
focuswasondeliveringa
refreshing
tastethatcouldbe
enjoyed
bypeoplefromdifferent
culturesandbackgrounds.launchof
Sprite
Zero
in
MainlandChinahelpedthebrandappealtoincreasinglyhealth-consciousconsumers
who
werelookingforalow-calorieoption.Similarly,theemphasisonZero
in
itsmarketingcampaignhelpedSprite
tap
intothegrowing
trend
of
consumerslookingfor
zero-sugarorlow-sugarproducts.Another
factorthatcontributedtoSprite’ssuccesswasitsfocusoninnovation.In
particular,there-We
alsotook
a
lookat
how
Spritefound
appeal
across
newconsumption
occasionsthrough
Worldpanel’s
DemandMoments
lens.
We
chose
Spainasan
example,
where
Sprite
performedwell
compared
to
two
competitorsacross
most
occasions;
we
call
themDemand
Moments.
However,
itoutperformedn
the
“Time
andEffort”
Demand
Moment,
signally
itwas
a
popular
choice
for
those
onthe
go,
who
were
seekingmaximumsatisfaction
in
an
efficient
way.Sprite’ssuccesscanalsobeattributedtoitsstrong
marketingcampaigns.The“HeatHappens”campaign,in
particular,wasahugesuccess,withitsfocusonGenZ
andenvironmentalmatters.Thecampaignwasfun,engaging,andemphasizedthementalaswellasphysicalrefreshmentthatSpriteprovides.
Additionally,theuseofclearbottles
withrecyclingincentivesanda
newlogo
helpedthebrand
stay
relevantandappealingtomodernconsumers.With
a
2.3penetration
point
lift
forSprite,
firmly
planted
itselfas
a
globalpowerhouse
in
the
soft
drink
industry.Click
here
or
press
enter
for
the
accessibility
optimised
versionTheriseof
smallbrandsisawarningshot
acrossthebowsforthebiggerplayers.
We
knowthey’resuccessfullyfindingtheirway
intobasketsasconsumers
makedifferentchoices.Some
brands
aredoingitwithprice,otherswithmarketingandmessaging.Butallof
them
arefindingways
towin,often
in
crowdedcategorieswherelarger
brands
havelongdominated.Evolvingconsumerneedsareencouraging
moretrial,andthesebrands
are
proof
of
thatshift.Smallbrandsare
findingwaysto
win,oftenincrowdedcategorieswherelargerbrandshavelongdominatedRicolaRisingstars:Brandsmaking
itbigRicola’ssuccessisitsabilitytoinnovateandstay
relevant
tomodernconsumers.In
2022,thebrand
found
10.9millionnewshopperscomparedtothepreviousyear,
thanksin
part
tothelaunchof
sugar-free
Swissherbalcandiesthatprovidea
refreshingandindulgentexperience.finestSwissherbdrops,
madewithorganicallycultivatedherbsfromtheSwiss
mountains.Witha
focusonnaturallycultivatedherbs,a
perfectbalancebetweenfunctionalityandenjoyment,anditsSwissorigins,Ricolaappealsto
agrowingconsumerbase.In
addition,Ricolarelauncheditsiconicpackagingdesign,whichshowcasesthebrand’s
coredesignheroes:theiconicambercubesurroundedbythespecialherbsthatmakeuptheuniqueblendofRicola.Eachherbisillustratedbyabotanicalartist,
andthehistoricalRicolatrapezoidiscentral
tothedesign.Thenewdesignreflectsthebrand’s
commitment
to
natureanditsSwissorigins,witha
moreRicolahasalsoexperiencedsignificantgrowth
in
key
markets,particularly
in
theUS,
whereitgrew8%.Thebrand’s
CRPgrowth
was25%,anditjumped83spotsin
theWorldpanelglobalbrand
rankings.Thissuccesscanbe
attributedtoRicola’sfocusonitsheritageasthenaturallogo
thatimprovesthepurchaseexperience.CeraVeCeraVe
has
becomea
rising
star
in
thepersonal
care
sector,
thanks
to
itsfocus
on
science-backed
formulations,
CeraVe
as
part
of
a
strategy
to
satisfytransparency,
and
education.
Thebrand
has
achieved
remarkablesuccessin
recruiting
newshoppersin
acrowded
market,
with
a
CRP
growthof
24%
year-on-year,
and
recruitmentof
6
million
newshoppers.
CeraVe’ssuccess
can
alsobe
attributed
to
itssocial
media
presence,
particularly
onTikTok,
where
it
has
established
itselfas
the
#1
skincare
brand
with
morethan
4.4billion
views
and
counting.has
becomea
key
player
in
theskincare
market.
L’Oréal
boughtwell-positioned
to
continue
its
successin
the
personal
care
sectorand
meetthe
growing
demand
for
affordable,effective
skincare
products.the
growing
demand
for
activeskincare
at
accessible
prices.
Theacquisitionallowed
L’Oréal
to
tap
intothe
fast-growing
market
for
affordable,research
supported
skincare
products,while
alsoproviding
CeraVe
with
theresources
and
expertise
of
a
globalbeauty
conglomerate.Ove
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