NewswireToday - /newswire/ -
Delhi, New Delhi, India, 2008/06/19 - With an expected CAGR growth of 15.5% in cosmetics and personal care product consumption, Brazil will become one of the leading markets, leaving behind other Latin American and BRIC countries.
A new market research report, “Cosmetics and Personal Care Market in Brazil”, by the leading market research firm RNCOS anticipates that the Brazilian cosmetics and personal care products market will record a CAGR hike of over 17% in net sales during 2008-2011. Also, the per capita consumption of these products is expected to increase at a CAGR of around 15.5%, making Brazil one of the major cosmetics and personal care products market, leaving other Latin American countries and its BRIC counterparts behind.
The report identifies rapidly growing retail culture and increasing wages in Brazil as the forces pushing the Brazilian cosmetics and personal care products market. However, more than anything else, it is the willingness of Brazilian women and teenagers to spend on personal care products that is resulting in the majority value sales in the cosmetics and personal care products in Brazil. So driven by high domestic consumption, the Brazilian cosmetics and personal care is surging at a rate higher than the global average.
However, in Brazilian cosmetics and personal care market, the highest increase is being recorded in the sales of fragrances, high-end products and hair care products as consumers are splurging on these products with their rising disposable income, says the RNCOS research.
“Cosmetics and Personal Care Market in Brazil” provides comprehensive analysis on the cosmetics and personal care market of Brazil with an insight into its future prospects. It gives rational and latest information on the various distribution networks, key drivers, major players, opportunities and challenges critical to the growth of Brazilian cosmetics and personal care market. The research report also gives forecast on per capita consumption, market of male cosmetics and disposable products, chemical consumption by cosmetics and toiletries industry and sales of cosmetics and personal care products by segment and region.
RNCOS (rncos.com), incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.