Boston, MA -- (SBWIRE) -- 07/15/2014 -- Deodorants continued to see deeper levels of segmentation in 2013, with manufacturers focusing on consumers' different needs, which were directly related to age and aspirational life styles. The leading brands continued to benefit from the influence of celebrities to introduce new products or line extensions (which offered subtle changes) while continuing to add value and offer special point of sale promotions in order to attract their target consumers' attention. Both multi-benefits alternatives (5 in 1) and specific care formulations continued to be launched frequently under the intensifying competitive scenario with manufacturers exploiting alternative resources in order to maintain their positioning. These included product re-launches, in/out products, image renewal, innovative and differentiated packaging, technologically advanced products, product support (proven protection) and others. Chemical-free and natural oriented formulations continued in 2013, even at the most popular discounters, which started to offer certain artisanal differentiated products (organic, environment-friendly).
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Unilever de Centroamerica SA was the leader in Costa Rica in 2013 with a 40% value share due to its top-of-mind brands Axe, Rexona and Dove. The international company benefited from offering constant innovation and deep levels of product segmentation through an extensive assortment of alternatives targeted at men and women, which are widely available in most local retailers. Colgate-Palmolive SA de CV was second with a 33% value share due to its popular brands Speed Stick and Lady Speed Stick, which have a traditional top-of-mind positioning due to constant innovation and mass marketing campaigns.
In the forecast period, further development of natural formulated products is expected, which appeals to safety concerns and increasing health awareness amongst local consumers. Certain components, such as rosemary, lavender, verbena and citric fruits, will continue to be relevant over the forecast period while alcohol-free and paraben-free features will become more relevant and interesting for consumers. Gender segmentation is anticipated to become more profound with players addressing the needs of specific genders and focusing further on men's grooming lines. Point of sale promotion is anticipated to become more dynamic with more creative ideas such as appealing gondola heads (glitter teen spirit line).
Discover the latest market trends and uncover sources of future market growth for the Deodorants industry in Costa Rica with research from Euromonitor's team of in-country analysts.
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The Deodorants in Costa Rica market research report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volumes and values, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent market research methodology, conducted in-country
Our market research reports answer questions such as:
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- Which deodorant formats are seeing most dynamic growth?
- What are the key trends in product development?
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Product coverage: Deodorant Creams, Deodorant Pumps, Deodorant Roll-Ons, Deodorant Sprays, Deodorant Sticks, Deodorant Wipes.
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