Thailand Beauty and Wellness Market Report 2024
Healthy ageing and holistic wellbeing trends are prompting Thais to prioritise preventative care and mind-body practices.
Healthy ageing and holistic wellbeing trends are prompting Thais to prioritise preventative care and mind-body practices.
How can brands in the Thai cosmetic market harness wellness trends to harness future growth? Mintel’s report examines the Thai beauty market’s continued relationship with holistic wellbeing and wellness.
Healthy ageing and holistic wellbeing trends are prompting Thais to prioritise preventative care and mind-body practices. The emergence of a self-love philosophy in opposition to increasingly demanding beauty standards has pushed people to embrace ageing while paradoxically chasing beauty goals. Climate change is creating a sense of urgency; people are looking for solutions to address sun damage and the wellness implications of pollution.
These concerns all provide opportunities for brands to capitalise on by offering holistic wellness solutions. Brands can connect with the growing number of health-driven beauty Thai consumers, who increasingly prioritise health benefits over beauty enhancement in products. Consumers associate distinctive variables with skin and hair problems: they believe that sunlight and pollution are largely responsible for skin damage, while internal factors such as stress are the primary culprits for hair concerns. Brands can accordingly target their specific concerns and needs.
Furthermore, since hormonal and sexual health issues are still under-discussed in Thailand despite being a vital aspect of beauty and wellness, businesses can bring them to the forefront in a discreet and educative manner.
This report is written by Mintel’s principal analyst, Chayapat Ratchatawipasanan. Chayapat is based in Bangkok and provides insights to Thai beauty and personal care market. He has over 8 years of experience as regional skin care R&D and insights manager specialises in sunscreen formulation and innovation research at the leading Japanese cosmetics company.
Cultivate holistic wellness for Thai beauty consumers. Address internal and external stressors causing skin and hair concerns, while also promoting hormonal and sexual wellness.
Chayapat Ratchatawipasanan, Principal Analyst