DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/btb77f/beauty_and) has announced the addition of the "Beauty and Personal Care Market in Russia 2015-2019" report to their offering.
The beauty and personal care market in Russia to grow at a CAGR of 7.62% during the period 2014-2019.
The report covers the present scenario and the growth prospects of the beauty and personal care market in Russia for the period 2015-2019.
Consumers in Russia increasingly prefer products that incorporate natural ingredients such as minerals, proteins, and herbs from traditional Russian medicine. There is growing demand for specialized shops that offer organic products; however, online shops have become the primary channel for these products in Russia. This trend is gaining increased foothold in the market because of growing concern among consumers about their health and the environment, and rise in awareness about the latest developments in the Russian cosmetics market. he rising GDP per capita (PPP), fall in the unemployment rates, increase in disposable incomes, growing awareness, and rise in the number of distribution channels for organic products are some of the factors that contribute to the growth of this trend.
According to the report, the growing aging population of women and the subsequent demand for appearance-enhancing skin cosmetics and anti-aging products such as creams, moisturizers, and anti-hair loss products contribute to significant demand in the market. The female population aged 25 and above also constitutes a major section of the country's working population. Russian women have been known to spend a considerably higher share of their income on personal care products than women in many other countries of Europe.
Further, the report states that the intense competition in the market affects its growth and is expected to continue posing a challenge during the forecast period.
To calculate the market size, the report considers revenue generated by the following segments of the market:
- Skin care
- Color cosmetics
- Deodorants and bath products
- Hair care
- Oral care
- Male grooming
- Sun care
- Nevskaya Kosmetica
Other Prominent Vendors
- Chanel USA
- Energizer Holdings
- Estée Lauder
- Green Mama
- John Paul Mitchell Systems
- Oriflame Cosmetics
- The Clorox
For more information visit http://www.researchandmarkets.com/research/btb77f/beauty_and