New Consumer Goods market report from Canadean: "Market Focus: Trends and Developments in the Fragrances Sector in Russia"
Boston, MA -- (SBWIRE) -- 03/19/2014 -- This report provides a concise overview of the Fragrances market in Russia. After reading this report, you will understand the size of the market, and the economic, demographic, and behavioral trends that will drive its evolution, and the leading players within the market, allowing you to plan effectively for the future.
Introduction and Landscape
Why was the report written?
This overview of the consumer and market dynamics of the Russian Fragrances sector allows new entrants and established players to gain rapid and comprehensive insight into the current state of the market and identify the key trends that will drive growth in the coming years.
What is the current market landscape and what is changing?
The volume of Fragrances used in Russia will steadily increase during 2012-2017 at a CAGR slightly higher than that registered during 2007-2012, primarily driven by the volume growth in the Female Fragrances category.
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What are the key drivers behind recent market changes?
While the desire to affirm gender identity is an important motivator, consumers are also aware of quality. Demand for Fragrances is also influenced by age-specific preferences along with the desire for better value for money.
What makes this report unique and essential to read?
This report brings together consumer insight and market data to provide a comprehensive brief of the Russian Fragrances sector. This allows for the rapid identification of key growth opportunities across major Fragrance categories and their packaging.
Key Features and Benefits
Analysis of consumer behavior, economic conditions, and demography reveals emerging opportunities in the Fragrances sector.
Key growth categories are highlighted by analyzing the market dynamics of major Fragrance categories.
Market shares are provided for the leading brands and private labels across Fragrance categories.
An overview of packaging trends in Russia's Fragrances sector is provided, including primary packaging material and type, packaging closures, and outer packaging.
Key Market Issues
Consumers in Russia will be seen to further move towards premium Fragrance brands instead of mass brands, encouraged by a better distribution reach from Health and Beauty specialist retailers in the country.
The Female Fragrances category holds a major share of Russia's Fragrance market, while the Male Fragrances category is forecast to register the highest growth during 2012-2007.
Russian retailers such as X5 Retail Group and Magnit continue to lead retail space; however, the French Auchan and German Metro Group have gained significant market share in the last decade.
Although the overall share of private label products in Russia's Fragrance sector is low in terms of value, the Unisex Fragrance category witnessed a high private label penetration rate in 2012.
Companies Mentioned in this Report: Avon Products, Inc., Oriflame Cosmetics S.A., Chanel S.A., LVHM, PUIG, The Procter and Gamble Company
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