Brands respond to the trend by offering a variety of organic, natural and mild formulas to the marketplace. However this might no longer be possible following Brexit as there will be a greater cost associated with exporting to Ireland.
Vuthichai Duangratana, deputy permanent secretary of the Commerce Ministry, said this year was an important turning point for Southeast Asian nations, as they would be transforming themselves into the Asean Economic Community. Read More Make-up Market in Thailand: In addition, it analyzes the key consumer trends influencing Thailand health and beauty industry.
New brands could be added over the forecast period, whilst new product developments will be researched and launched with new innovative ingredients and technologies.
Market value is based on sales through all retail channels including direct to consumer. There is an expanding variety of products launched from big and small brands. Scope Get access to detailed historic and forecast consumption The cosmetic market thailand and volumes at category level along with a top-level overview It excludes electrical equipment.
Most cosmetic ingredients are The cosmetic market thailand. Scope Get access to detailed historic and forecast consumption values and volumes at category level along with a top-level overview and detailed insight Makeup products grew 7.
There is strong demand for specific innovative products, while consumers seek glowing and healthy skin. The cosmetics industry can support other businesses in a way that creates jobs and income for people.
The product requirements could even shift towards those specifically made for certain sports and hobbies such as golfing, running and cycling or sport styles with polarised lenses options like Oakley.
The beauty and healthcare sectors are among industries that will definitely survive a seamless regional trade, as Thai enterprises have been alert enough to adapt themselves to world market trends, he explained.
Driven by surge in market conditions and technological advancements, the Personal Care and Beauty Products has witnessed strong growth in terms of sales. Read More Skincare Market in Thailand: With the entrance of Sephora Thailand in and its online store inthere are many local multi-brand beauty stores which have a significant impact in Thailand by offering overSKU products at competitive prices.
The company plans to improve its supply chain and logistics system to efficiently cover the widespread demand in Bangkok and provincial areas. Brands respond to the trend by offering a variety of organic, natural and mild formulas to the marketplace.
Read More Consumer and Market Insights: This also is a challenge When not affected by factors like Thai politics or global economic conditions, the cosmetics industry has indeed boasted an interesting growth rate," she said.
Attention among consumers shopping for beauty and personal care is shifting through multi-brand beauty stores, which are offering mass to high-end products in one shop.
Consumers employ exercise and outdoor activities into their routine, which creates a greater need to apply sun protection. Face Make-Up is the leading category and Eye Make-Up is forecast to register the fastest growth in value terms during With the expectation of an improving economic situation, the company is likely to employ aggressive marketing plans by introducing new product developments, expanding its sales force, as well as its business unit The newly added Korean brand Bisous Bisous will mainly focus on colour cosmetics.
It excludes products supplied on prescription. Key Findings Of the four categories analyzed, Many businesses are now preparing themselves for the challenges and opportunities that the AEC is going to deliver, he said. Demand for hair care is becoming increasingly heterogeneous.
To promote Thailand as a centre for the beauty industry and a trading centre in Asean, the Thai Cosmetic Manufacturers Association and UBM Asia Thailand jointly organised the "Asean Beauty " event last week to showcase the huge potential of Thailand as an Asean beauty-sector hub.
With the more intense retail landscape in beauty and personal care, brands need to stand out on shelves and this is likely to lead Market size for Feminine It includes mass market and prestige lines but excludes the professional sector, Apart from healthier food and regular exercise, Thai consumers are increasingly concerned regarding As a result, the number of hair care suppliers is also on the rise, including traditional hair care providers, hair coating, and specific hair treatments in various textures of oil, serum, and leave-on.
Scope Get access to detailed historic and forecast consumption values and volumes at category level along with a top-level overview and detailed insight She added that when it came to potential, Thailand had what it took to shine, particularly as the country has herbs that could be turned into more thancosmetic ingredients.
Market value is based on sales through all retail channels including direct to consumer and selective outlets.Discover the latest market trends and uncover sources of future market growth for the Beauty and Personal Care industry in Thailand with research from Euromonitor's team of in-country analysts.
Market Overview The overall growth rate of the cosmetic products market in Thailand in is expected to be at 12 percent, 3 percent more than the year before.
The increasing growth is considered to be significant considering the continuing economic slowdown and the prolonged unstable political situation in Thailand.
Thailand Cosmetics & Personal Care Reports: Our Thailand report include trends, statistics, opportunities, sales data, market share, segmentation projections on the Cosmetics & Personal Care market. page 1. Thailand Cosmetics Reports: Our Thailand report include trends, statistics, opportunities, sales data, market share, segmentation projections on the.
Thai beauty sector looks set for rosy future. Economy April 13, Statistics show Thailand’s cosmetics market was worth about Bt billion last. Thailand to focus on increasing cosmetic growth by up to 10%. Prepare brands, products and industrial operations for the wider AEC market.
Ensure product standards are compliant with other ASEAN standards. The group has organised the Thailand Cosmetic Contestwhich held a press conference on 20 September, to help .Download