New Consumer Goods market report from Euromonitor International: "Colour Cosmetics in Lithuania"
Boston, MA -- (SBWIRE) -- 07/03/2014 -- Colour cosmetics in Lithuania continued to rebound strongly from the unfortunate effects of the economic crisis during 2012, with growth in the category supported by both the search for increased variety and the strong loyalty which many Lithuanians have to the category's most established brands. Lithuania's retailers aggressively promoted various types of colour cosmetics throughout 2012 and this gave a further boost to value sales of colour cosmetics. In addition, the leading players in the category engaged in much higher spending on advertising during 2012 and this marked colour cosmetics out from the majority of other beauty and personal care categories in which spending on advertising remains minimal.
L'Oreal Baltic SIA remained the undisputed leader in colour cosmetics in 2012. The company has a very strong position in all of the major retailing channels for beauty and personal care in Lithuania and its various colour cosmetics brands are universally known and well loved among the company's primary target audience. Equally importantly, the company's marketing spend on its L'Oreal and Maybelline colour cosmetics brands is unmatched by any of L'Oreal's competitors. L'Oreal is also the most creative colour cosmetics company in Lithuania in terms of marketing spend and the company does not limit itself to advertising in the traditional media, sponsoring various events in addition to the more mainstream advertising channels. Nevertheless, the seven percentage point increase recorded in L'Oreal's value share in colour cosmetics in 2012, which resulted in the company accounting for 43% of total colour cosmetics retail value sales, was mainly due to improvements in the Lithuanian economy. L'Oreal's products have always been coveted by Lithuanian women, although it was only when vast numbers of Lithuanian consumers became more confident in their financial future that they felt happy to finally allow themselves to purchase L'Oreal colour cosmetics.
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The ongoing economic growth in Lithuania bodes well for growth in colour cosmetics during the forecast period. Increasing disposable income levels are expected to result in higher spending and even more experimentation in the category. As Lithuanian consumers tend to try out cheaper colour cosmetics only when they are uncertain about their immediate financial future, improving consumer sentiment should result in a stronger focus on more expensive brand during the forecast period.
Discover the latest market trends and uncover sources of future market growth for the Colour Cosmetics industry in Lithuania with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Colour Cosmetics industry in Lithuania, our research will save you time and money while empowering you to make informed, profitable decisions.
The Colour Cosmetics in Lithuania 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:
- What is the market size of Colour Cosmetics in Lithuania?
- What are the major brands in Lithuania?
- What are the key innovation trends in make up?
- What is the evolution of mass colour cosmetics versus their premium counterparts?
Reasons to Get this Report
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
Product coverage: Eye Make-Up, Facial Make-Up, Lip Products, Nail Products.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
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