Devotees of Rare Beauty, you might’ve perceived a minor uptick in the price of your favorite products. This brand, the brainchild of Selena Gomez, just confirmed that it’s hiking its prices owing to inflation and the escalating costs of ingredients and supplies. But, here’s a comforting piece of news – no product will cost over $30.
This is not the first time Rare Beauty has had a price increase. The brand had a price increase earlier this year in response to the COVID-19 pandemic, which caused disruptions to the supply chain and increased demand for specific products. While the latest price increase may disappoint some fans, it’s essential to understand that it’s common in the beauty industry, where prices can fluctuate based on various factors.
Rare Beauty Price Increase:
When Did It Happen?
According to a tweet by Pop Base, Rare Beauty announced a slight increase in product prices due to inflation. However, all products will remain $30 and under. The brand cited the increased cost of ingredients and other factors as reasons for the increase.
Reasons Behind the Increase
Rare Beauty’s decision to raise its prices is not uncommon in the makeup industry. Many brands have had to adjust their prices due to inflation and supply chain issues. Rare Beauty had already raised their prices in 2022, citing similar reasons.
The cost of ingredients is a significant factor in determining the price of makeup products. As raw materials and production costs rise, brands must adjust their prices to maintain profitability. Additionally, the pandemic has caused disruptions in supply chains, leading to a shortage of certain ingredients and materials.
Despite the price increase, Rare Beauty remains committed to affordable products. The brand’s goal is to make high-quality makeup accessible to everyone, including makeup artists and enthusiasts alike.
When Will the Next Price Increase Happen?
If you’re a fan of Rare Beauty, you may be wondering when the next price increase will happen. The brand announced a slight increase in product prices due to inflation. However, all products will remain $30 and under. So, when will the next price increase happen?
Factors That Could Affect Future Price Increases
Several factors could affect future price increases for Rare Beauty products. Here are some of the most important ones:
- Inflation: Inflation is a significant factor that could lead to future price increases. Inflation is the rate at which the general level of prices for goods and services is rising, and it affects the economy as a whole. As inflation rises, the cost of producing and distributing goods and services also increases, which could lead to higher prices for Rare Beauty products.
- Supply Chain: The supply chain is another factor that could affect future price increases. The supply chain is the network of companies and individuals involved in creating and distributing a product. If there are disruptions or delays in the supply chain, it could lead to higher costs for Rare Beauty, which could result in higher prices for consumers.
- Demand: The demand for Rare Beauty products is another factor that could lead to future price increases. If demand for the brand’s products increases, it could lead to higher prices as the company tries to balance supply and demand.
- COVID-19: The COVID-19 pandemic has significantly impacted the economy and could also affect future price increases for Rare Beauty. The pandemic has disrupted supply chains, increased costs for shipping and handling, and led to changes in consumer behavior. All of these factors could lead to higher prices for Rare Beauty products.
- Energy: Energy costs are another factor that could affect future price increases. The cost of energy, such as electricity and fuel, can impact the cost of producing and distributing Rare Beauty products. If energy costs rise, it could lead to higher prices for consumers.
- Packaging: The cost of packaging is another factor that could lead to future price increases. Packaging is essential for protecting and preserving products but can also be expensive. If the cost of packaging materials increases, it could lead to higher prices for Rare Beauty products.
How to Save Money on Rare Beauty Products
If you’re a fan of Rare Beauty and want to continue using their products without breaking the bank, there are a few ways to save money. With the recent price increase, it’s essential to be mindful of your spending habits.
Here are some tips on how to save money on Rare Beauty products.
Alternative Brands to Consider
One way to save money on Rare Beauty products is to consider alternative brands. The Inkey List and Deciem’s The Ordinary are two affordable skincare brands that offer similar products to Rare Beauty. While they may not have the same celebrity backing or trendy packaging, they can provide similar results at a fraction of the cost.
Regarding makeup, drugstore brands like Maybelline and L’Oreal offer various foundations, lipsticks, and eyeshadows that can rival the quality of high-end brands like Rare Beauty. Don’t be afraid to branch out and try new brands – you may be surprised at how much money you can save without sacrificing quality.
Shop Sales and Discounts
Another way to save money on Rare Beauty products is to shop during sales and take advantage of discounts. Sephora, Ulta, and other retailers often offer discounts and promotions on Rare Beauty products. Sign up for their email newsletters and follow them on social media to stay up-to-date on the latest deals.
Use Coupons and Promo Codes
Coupons and promo codes can also help you save money on Rare Beauty products. Websites like RetailMeNot and Honey offer a variety of coupons and promo codes for Sephora and other retailers that carry Rare Beauty products. Be sure to check them out before purchasing to see if you can save some money.
Buy Multi-Use Products
Finally, consider buying multi-use products to save money. Rare Beauty’s Lip Souffle Matte Cream can be used as both a lipstick and a blush, making it a versatile and cost-effective option. Similarly, their Positive Light Liquid Luminizer can be used as a highlighter or mixed in with foundation for an all-over glow. Look for products that can serve multiple purposes to get the most bang for your buck.
FAQ:
How much is Rare Beauty worth 2023?
Rare Beauty, a makeup brand founded by Selena Gomez in 2020, is estimated to be worth $60 million in 2023. The brand emphasizes self-love, inclusivity, and mental health and offers easy-to-use, shade-inclusive products in modern packaging.
What is the pricing of Rare Beauty?
Rare Beauty offers easy-to-use, shade-inclusive products in modern packaging, ranging from $14 to $29. Their most popular products include the Liquid Touch Weightless Foundation, Soft Pinch Liquid Blush, and Lip Soufflé Matte Lip Cream.
Does Selena own 100% of Rare Beauty?
It is not publicly known if Selena Gomez owns 100% of Rare Beauty. However, she is the founder and owner of the brand.
Is Rare Beauty making profit?
It is not publicly known if Rare Beauty is making a profit. However, the brand has generated $60 million in revenue and built a following of 2.4 million on Instagram.
Who is richer Selena or Hailey?
Selena Gomez is estimated to be worth $75 million, while Hailey Bieber is estimated to be worth $20-22 million. Therefore, Selena Gomez is richer than Hailey Bieber.
Which one is better Kylie Cosmetics or Rare Beauty?
Kylie Cosmetics, founded by Kylie Jenner, offers a broader range of products at a similar price. In contrast, Rare Beauty, founded by Selena Gomez, emphasizes inclusivity, self-love, and mental health. Both brands have a loyal following.
Does Rare Beauty ship to europe?
As of August 14, 2022, Rare Beauty did not offer international shipping. However, as of 2023, it is unclear if the brand has updated its international shipping policy.
What bronzer does Hailey Bieber use?
Hailey Bieber’s makeup artist, Denika Bedrossian, prefers to use a cream bronzer over a powder formula as they appear more natural. For bronzer, she uses Milk Makeup’s bronzer stick to achieve a smooth, natural-looking, sun-kissed bronze.
Is Rare Beauty PETA certified?
Yes, Rare Beauty is PETA certified as cruelty-free and vegan. The brand does not test on animals or use animal-derived ingredients.
Disclosure: We only recommend products we would use ourselves and all opinions expressed here are our own. This post may contain affiliate links that we may earn a small commission at no additional cost to you.
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