Boston, MA -- (SBWIRE) -- 03/26/2014 -- This report provides a concise overview of the Skincare market in Russia. After reading this report, you will understand the size of the market, the economic, demographic, and behavioral trends that will drive its evolution and the leading companies 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 Skincare sector allows new entrants and established companies 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.
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What is the current market landscape and what is changing?
The Russian Skincare market will record positive, albeit slowing, growth during 2013-2018 in volume and local currency terms. The economic downturn has negatively impacted the mass Skincare segment, though premiumization is on a rise.
What are the key drivers behind recent market changes?
Russia is one of the fastest growing economies in Europe, with a stable macroeconomic situation. A growing middle class, with rising disposable income, is creating opportunities for premium Health and Beauty Products.
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 Skincare sector. This allows for the rapid identification of key growth opportunities across five Skincare categories and their packaging.
Key Features and Benefits
Analysis of consumer behavior, economic conditions, and demography reveals emerging opportunities in the Skincare sector in Russia.
Key growth categories are highlighted by analyzing the market dynamics of five Skincare categories: Body Care, Depilatories, Facial Care, Hand Care, and Make-up Remover.
Market shares are provided for the leading brands across the Body Care, Depilatories, Facial Care, Hand Care, and Make-up Remover categories.
An overview of packaging trends in the Russian Skincare sector is provided, including primary packaging material and type, packaging closures, and outer packaging.
Key future trends are highlighted and analyzed in order to identify opportunities and threats in the Skincare sector.
Key Market Issues
The most influential consumer motivation, by far, is Changing Age Structures, which tracks products chosen to meet age-specific demands, be they softer formulations for babies' skin or anti-wrinkle creams for older consumers.
Russian consumers are looking for value in their Skincare products, through both price-squeezing, and through products that can justify their price tag. Consumers are willing to pay a premium for quality and products that have Beauty enhancing ingredients.
Companies Mentioned in this Report: X5 Retail Group, Magnit, Auchan Russia, Metro Group Russia, Beiersdorf AG, Byly Laboratories, Henkel AG and Co. KGaA, LLC Concern "Kalina", L'Oreal S.A.
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