New Consumer Goods research report from Euromonitor International is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 07/16/2014 -- Given the intense levels of innovation and the wide variety in the market of consumers' personal image, which developed in line with the expanding desire by consumers to improve their personal image by using colourants, relaxing treatments and others, hair care achieved remarkable levels of product segmentation. There was a wide range of specific needs (reconstruction, revitalising, hydration colour treatment, thermal protection, dandruff and hair loss amongst others within hair type). In addition, the increasing number of women attempting to become part of the workforce as well as emerging education opportunities contributed to the rapid development of hairdressers, beauty specialists and salons across the country, forcing manufacturers and distributors to increase their offer through the increasing number of modern retailers and hair salons. Natural occurring ingredients achieved strong relevance in product innovation with manufacturers focusing on diminishing or eliminating certain chemicals such as sulphates, alcohol, silicone and plasticisers. Argan oil, which is extracted from Moroccan argan trees, became very popular not only for hair care but also skin care. Other natural ingredients that began to be used more frequently included coconut, keratin, ginseng, aloe vera, honey, chamomile, lilies, orchids, seeds, shea butter and others.
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Procter & Gamble Interamericas de Costa Rica SA was the clear leader in hair care in 2013, accounting for 37% current value share due to its leading brands Pantene, Head & Shoulders and Herbal Essences. The brands have deep levels of segmentation through their constantly innovating natural oriented formulations that are broadly available across most local retailers at competitive unit prices. Unilever de Centroamerica SA ranked second with 17% current value share due to its top-of-mind brands Dove and Sedal, which are widely available in local retailers while benefiting from strong marketing campaigns (professional support) and constant innovation within the latest natural trends.
Forecast trends are expected to keep moving towards the inclusion of innovative natural occurring ingredients such as cacao, wheat, peppermint, omega, royal jelly, ginger, calendula, pearls, coconut, lilies and orchids amongst others, which tend to appeal to the tropical refreshing aspirational life style. In the same line, spa oriented scents and revitalising, energising treatments are expected to become more popular as such trendy concepts continue penetrating the local market. Direct sales and niche-oriented alternatives are also expected to gain relevance over the forecast period, such as environment-friendly and organic alternatives. Owners of mass brands might keep making efforts to improve product perception, making use of strategic alliances, recognised hair specialists and celebrities while manufacturers are anticipated to continue focusing on applying further levels of segmentation, trying to satisfy their consumers' changing needs while being able to compete within the dynamic scenario of 2013.
Discover the latest market trends and uncover sources of future market growth for the Hair Care industry in Costa Rica 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 Hair Care industry in Costa Rica, our research will save you time and money while empowering you to make informed, profitable decisions.
The Hair Care 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:
- What is the market size of Hair Care in Costa Rica?
- What are the major brands in Costa Rica?
- Which types of styling agents are most common?
- How are shampoos versus 2-in-1 products performing?
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: 2-in-1 Products, Colourants, Conditioners, Hair Loss Treatments, Perms and Relaxants, Salon Hair Care, Shampoos, Styling Agents.
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