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Russian Perfumery Sales to Grow at 12.6%

Jan 22, 2010

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The global market research leader RNCOS, in its latest research presentation "Russian Cosmetics Market Forecast (2008-2012)", has thoroughly analyzed the potentials of the cosmetics industry in Russia. An extensive and conceptual evaluation of the industry and its segments exhibited a dynamic market, which is showing promising growth prospects even in the post-recession testing scenario.

In our analysis, we have acknowledged several critical trends prevailing in the cosmetics industry that are influencing its current as well as future direction. The report reveals that in 2008, perfumery sales in Russia surged by around 10% as compared to the preceding year. The share of women's fragrances remained the largest within the perfumery segment in 2008 amid some decisive factors discussed in the report. We believe that perfumery sales will experience even faster growth rates in coming years and will drive the overall cosmetics industry developments in the country.

The report further identifies that premium fragrances constitute the major part of sales value of the perfumery segment in Russia. Currently, this segment is mainly driven by women, but we anticipate that in coming years, men will contribute significantly to the segment.

Apart from perfumery, several other cosmetics segments are also contributing significantly to the overall cosmetics industry growth in Russia. With their double digits growth rates, hair care, skin care, sun care, oral care, etc. have been accelerating cosmetics industry's development for the past few years, and are further projected to safeguard the industry from the negative impacts of post-recession scenario.

Our report "Russian Cosmetics Market Forecast (2008-2012)" provides thorough analysis and statistical information on the Russian cosmetics industry and its various segments. The quantitative as well as qualitative evaluation of facts and figures provide deep understanding of the ongoing as well as futuristic market trends for all cosmetics segments. The report also includes forecasts for all prominent segments to indicate future market direction and all the expected developments likely to take place. A brief overview of the key players in the industry has also been included to acquaint clients with the actual competitive landscape.

 For more information visit: http://www.rncos.com/Report/IM100.htm


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