Cosmetics Products Market in Russia 2023-2027
Technavio has been monitoring the cosmetics products market in Russia and is forecast to grow by $1008.27 mn during 2022-2027, accelerating at a CAGR of 5.95% during the forecast period. Our report on the cosmetics products market in Russia provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing purchasing power of people aged 30-50 years, rapid urbanization, and the impact of social media influencers and bloggers.
Technavio's cosmetics products market in Russia is segmented as below:
By Product
- Skincare products
- Haircare products
- Color cosmetics
- Fragrances and deodorants
By Distribution Channel
By End-user
This study identifies the increase in demand from the millennial population as one of the prime reasons driving the cosmetics products market growth during the next few years. Also, increasing R&D activities and growing adoption of home salon services will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the cosmetics products market in Russia covers the following areas:
- Cosmetics products market sizing
- Cosmetics products market forecast
- Cosmetics products market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading cosmetics products market vendors that include Ecocraft Cosmetics, Galderma SA, Giorgio Armani S.p.A., Intermira, International Flavors and Fragrances Inc., LOreal SA, Ltd. Liability Co. Arvitex, Malibu Health Products Ltd., Martiderm SL, Miranda Kerr Pty Ltd., Natura Dream Ltd., Planeta Organica, Soap Co. Spivak, Splat Global LLC, Uriage USA, VALENTINO Spa, and Kering SA. Also, the cosmetics products market in Russia analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.