Luxury skincare has superior ingredients, packaging and results.
Luxury skincare also appeals to your sensory, emotional and fantasy desires.
This article will discuss:
- What is luxury?
- What is a luxury brand?
- Why buy luxury goods?
- What is luxury skincare?
- Summary
- References
What is luxury?
Luxury is an indulgence in something that provides pleasure, satisfaction, or ease.
Luxury is difficult to define, as luxury is a relative concept.
Historically, the term “luxury” was applied to products that were both rare and scarce and available only to the elite few (Nueno and Quelch, 1998; Hauck et al, 2007).
Luxuries were items controlled through that scarcity or by sumptuary laws (Hauck et al, 2007).
Sumptuary laws were common in the 13th to 15th centuries to prevent extravagance in private life by restraining luxury goods, such as clothing, food, and furniture (Black's Law Dictionary).
Historically, sumptuary laws were intended to regulate and reinforce social hierarchies and morals.
During the Industrial Revolution, more wealth was brought to the masses and luxury became more attainable. As a result, the “democratization” of luxury since the 19th century occurred at such a pace that luxury itself was constantly being redefined (Hauck et al, 2007).
At the end of the nineteenth century, a new definition of luxury emerged: “things you have that I think you shouldn’t have” (Twitchell, 2003, p. 43).
The goods and services once reserved for the elite became more available to everyone (Hauck et al, 2007).
Over the past two decades, the luxury market has undergone some dramatic changes. A variety of goods are now classified as luxury goods, including wine, automobiles, fashion, food, jewelry, perfume, makeup and skincare.
What is a luxury brand?
"Luxury brands are associated with consumer perceptions of a high level of price, quality, aesthetics, rarity, extraordinariness, and a high degree of non-functional associations" (Heine et al, 2012).
Some dimensions are present in multiple definitions such as high quality, rarity, premium pricing, and a high level of aesthetics (reviewed by Ko et al, 2019).
In 2019, Eunju Ko and colleagues summarized the literature on luxury brand marketing, and provided a definition of "what is a luxury brand?"
"A luxury brand is a branded product or service that consumers perceive to:
- be high quality,
- offer authentic value via desired benefits, whether functional or emotional,
- have a prestigious image within the market built on qualities such as artisanship, craftsmanship, or service quality,
- be worthy of commanding a premium price; and
- be capable of inspiring a deep connection, or resonance, with the consumer."
The average luxury brand is associated with three characteristics: high price tag, high quality and aesthetics. Typically, luxury brands or products will attempt to associate their brand name with these three associations and to show their target consumers that their brand encompasses these three features. The average luxury brand also has a clear brand identity and signature, places emphasis on product integrity, and offers their products at a premium price (Genier, 2014).
Why buy luxury goods?
There are many reasons why people buy luxury goods, including status and pleasure.
For younger people, the most important reasons for buying luxury goods are for improving the quality of life, pleasure and entertainment (Hack et al, 2007).
Research has shown that younger people are significantly more likely to self-gift and buy on impulse than older people. They are also more likely to buy for status reasons (Hack et al, 2007).
For older people, the most important reasons for buying luxury goods are for improving the quality of life, pleasure and relaxation (Hack et al, 2007).
Older people enjoy buying luxury goods and services to beautify their homes (Hack et al, 2007).
What is luxury skincare?
Luxury skincare refers to high-end skincare products that are designed to provide exceptional quality, results, and sensory experiences. These products are typically associated with premium pricing and feature exclusive ingredients, innovative formulas, and luxurious packaging.
Luxury skincare brands often invest heavily in research and development, using advanced technology and cutting-edge ingredients to create highly effective products. Additionally, luxury skincare often focuses on creating a full sensory experience for the user, with rich textures, exquisite fragrances, and beautiful packaging that feels indulgent and luxurious.
Overall, luxury skincare promises exceptional results for the skin and is a popular choice for those who are willing to invest in high-quality skincare products.
Luxury skincare is superior in terms of ingredients, packaging and results. As such, luxury skincare is expensive.
Luxury skincare also appeals to your sensory, emotional and fantasy desires.
Some examples of luxury skincare brands include:
- May Lindstrom
- Tata Harper
- Vintner's Daughter
- La Prairie
- Sisley Paris
- La Mer
- Laurel Organics
- Dry Skin Love
Learn more:12 Best Cleansing Oils - Luxury Skincare for Dry Skin
There are 7 things to look for when determining to purchase luxury skincare:
- The results of luxury skincare
- The ingredients of luxury skincare
- The active ingredients of luxury skincare
- The packaging of luxury skincare
- The brand - founder, brand story, ethics
- Customer Service- shipping policy & return policy
- The experience of luxury skincare
Learn more: Is Luxury Skincare Worth the Money? 7 Things to Look For
Summary
What is luxury skincare?
Luxury skincare has superior ingredients, packaging and results.
Luxury skincare appeals to your sensory, emotional and fantasy desires.
Would you spend $100 on a nice meal?
If yes - then why wouldn't you try out a luxury skincare product?
And a skincare product is even better because it lasts longer - you can experience delight every single day.
References
Black's Law Dictionary. Sumptuary Laws. (6th ed.). 1999. p. 1436.
Genier, Roxanne. (2014). Defining the characteristics of luxury products. Available. Defining The Characteristics of Luxury Products - Agence Luxury Accessed: April 1, 2021.
Hauck, W. E., & Stanforth, N. (2007). Cohort perception of luxury goods and services. Journal of Fashion Marketing and Management: An International Journal.
Ko, E., Costello, J. P., & Taylor, C. R. (2019). What is a luxury brand? A new definition and review of the literature. Journal of Business Research. Volume 99, June 2019, Pages 405-413.
Nueno, J.L. and Quelch, J.A. (1998), “The mass marketing of luxury”, Business Horizons, Vol. 41 No. 6, pp. 61-8.
Twitchell, J.B. (2003), Living It Up: America’s Love Affair with Luxury, Columbia University Press, New York, NY.
Author Information
Dr. Natasha Ryz is a scientist, skin care expert and an entrepreneur. She is the founder of Dry Skin Love Skincare, and she creates skincare products for beauty, dry skin and pain relief.
Dr. Ryz has a PhD in Experimental Medicine from the University of British Columbia in Vancouver, and she is a Vanier scholar. She also holds a Master of Science degree and a Bachelor of Science degree from the University of Manitoba in Winnipeg.
Natasha is the former Chief Science Officer of Zenabis Global, and she oversaw cannabis extraction, analytics, and product development. Her team brought 20 products to market including oils, sprays, vapes and softgels.
Why I Started A Skincare Company