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Russia Drumming Up More Domestic, Foreign Cosmetics Manufactures
RNCOS, in its new market research report, "Russian Cosmetics Market
Forecast (2008-2012)", says that Russia has the huge potential for
international as well as domestic cosmetic manufacture as the
consumption of cosmetic products is rising in the country.
The research report states that the Russian cosmetics market has seen
tremendous growth and is one of the fastest growing sectors in the
country. The market registered an annual growth rate of more than 11% as
compared to just 3% in Western Europe.
The Russian cosmetics market, says the RNCOS report, will continue to
benefit from the growing consumer spending on beauty products and rising
presence of foreign firms. In terms of market presence, local
manufacturers have control over a substantial share of the mass-market
and middle-market brands while high-end market is controlled by foreign
manufacturers. However, foreign manufacturers are not restricted to
high-end market and have shown considerable presence in mass and middle
markets too.
Due to the presence of both foreign and local manufacturers, the
competition in the mass and middle market segments is very intense.
Foreign producers supersede the local ones by commercializing the new
technologies at higher rates and control these segments, according to
the RNCOS research.
Besides, there will be a profound impact of the Western concept of well
being and looking good on the development in cosmetics and perfumery
industry as consumers become more open towards spending on luxury
products. Thus, the report forecasts, the Russian cosmetics and
perfumery market will surge at a CAGR of nearly 13.6% from 2008 to 2012.
The report also provides forecast on sales of various ot her products
such as hair care products, skin care products, sun care products,
perfumery, oral care products, color cosmetics, male grooming products,
and baby care products.
"Russian Cosmetics Market Forecast (2008-2012)" is an exhaustive
research and rational analysis on the cosmetics market in Russia to help
clients evaluate leading-edge opportunities critical to the success of
the market. The forecasts and estimations provided in it are aimed to
give a rough guide to the future direction of the market and are based
on the correlation between past market growth and growth of base
drivers.
About RNCOS E-Services Pvt Ltd.
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.
For more information visit:
http://rncos.com/Report/IM100.htm
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