18-19 Mar, 2014 - Dubai , U A E
Pullman Deira City Centre Dubai
Pullman Deira City Centre Dubai
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Research firm - Euromonitor says that UAE will witness good growth in its cosmetics segment, reaching USD 140 (€107) million by 2014. The growth will be primarily driven by investments and new product developments, particularly in the skin care and color cosmetics segments.
Two major factors are boosting the growth for consumers increased consumption of cosmetics and personal care - one for image and the other for health.
Moreover, the market has seen a further boost from purchases by enthusiastic buyers from Western countries - such as tourists and visitors. High end and luxury brands, especially from Europe are targeting this segment. Some of the popular European brands selling products in UAE are Yves Saint Laurent and Chanel.
'Natural-look' is a concept that seems to have go down well in the UAE market, especially in the color cosmetic brands, while 'male grooming products' are also witnessing traction. With men becoming increasingly conscious of their looks plus improved lifestyles, social status and higher disposable income are factors associated with the growth. Moreover, there is an influence from the expat community in UAE on the local men when it comes to purchase of grooming products - according to TechSci Research.
More on personal care and cosmetics trends in UAE as well as other emerging countries like India, Russia will be discussed at the upcoming 4th Emerging HPC Surfactants Markets conference on 18-19 March, 2014 in Dubai.
For registrations, drop an email to Ms. Grace OH at grace@cmtsp.com.sg or call +65 6346 9147.
Check the official webpage for more details>>>
06 Mar, 2014
Turkey is ahead of all EU countries in Q2 2013 in terms of growth of the fast-moving consumer goods market - revealed Nielsen. The country's FMCG industry clocked +11.6% year-on-year sales growth in the second quarter. The aggregated sales growth of the FMCG sector in EU (including 21 countries) stood at a meagre +1.2% year-on-year, compared to +3.3% in Q1 2013. The low year-on-year growth in EU is owed to the negative sales growth rate in most of the countries.
Meanwhile Unilever is gearing up to capture the promising home and personal care products market in Turkey. The company already runs 8 plants in Turkey producing fast moving consumer goods under its brand name.
Now, Unilever's Turkish unit - Sabah has planned to invest EUR 150 million in its ninth consumer products plant in the Central Anatolian province of Konya.
The new plant will manufacture Unilever-branded goods, including personal hygiene, cosmetics and cleaning products. It is expected that the new facility will enable Unilever to capture market share worth USD 2.5 billion in terms of volume and an annual growth rate of approximately 9%.
The vast number of consumer products manufactured by Unilever's Turkish plants cater to over 30 countries and the HQ in Istanbul oversees its operations in 35 countries across the Middle East, Central Asia, and North Africa.
Given the importance of emerging countries in boosting the surfactants / home & personal care market, CMT brings its 4th Emerging HPC Surfactants Markets conference to Dubai on 18-19 March 2014.
For registrations, drop an email to Ms. Grace OH at grace@cmtsp.com.sg or call +65 6346 9147.
Check the official webpage for more details>>>
Read more>>>
Turkey ahead of all EU countries on FMCG growth
Unilever's Turkish unit plans to invest EUR 150 million in a consumer products plant
24 Jan, 2014
According to Lucintel, the global personal care market is expanding rapidly and reaching USD 630 billion by 2017, of which, global beauty market is forecasted to be worth around USD 265 billion by 2017, with CAGR of 3.4% over the next five years. Emerging markets are driving the remarkable global market growth as spending by the middle class on consumer goods increase with growing affluence.
One such region is Sub-Saharan Africa – expected to be a major consumer hotspot. The region is home to 821 million consumers and by the year 2020, is expected to become a $2 trillion economy, according to Euromonitor. It's said that Africa's GDP expansion will be driven by the middle class spending on consumer products, particularly cosmetics.
In view of such trends, Make-up Art Cosmetics (MAC)—the NYSE-listed Estée Lauder-owned make-up brand—has announced that it will open 20 stores in sub-Saharan Africa during the next 5 years. MAC is already an established brand in South Africa for over a decade now with 24 stores in eight cities and plans to double this number in the next 3 years.
The beauty brand realises that the emerging markets, that currently represent about 15% of its global business, is slated to witness unprecedented growth in the next 2 decades. MAC's current business plans in these markets reflects its interest in tapping this future growth. What is further going to fuel this growth is that Africa is blessed with a very young and growing demographic profile, particularly in the context of global ageing – 70% of the population in sub-Saharan Africa is under the age of 30 as stated by Euromonitor.
MAC has already set its eyes in tapping the beauty markets of Kenya, Ghana, Cote d'Ivoire and Mozambique in Sub-Saharan Africa as well as the growing markets of Brazil, India and Turkey.
Estée Lauder is also bringing in Clinique, its third-biggest skin and beauty care brand, to the Nigerian and Mozambican markets this year.
Attend CMT's 4th Emerging HPC Surfactants Markets conference in Dubai on 18-19 March 2014, for more details on the role of emerging countries in the global home and personal care market.
Contact Ms. Grace OH at grace@cmtsp.com.sg or +65 6346 9147 for more details about the event.
Read more>>>
Cosmetic firm MAC to open 20 stores in Africa
Estee Lauder further expands in Africa due to 'strong luxury demand'
04 Dec, 2013
