Summary of Cosmetics Giants Segment the global Cosmetics Market The world’s best know cosmetics companies are setting their sights on a lucrative new segment: the emerging middle classes in countries such as Brazil‚ Russia‚ India‚ and China. Marketers LÓréal‚ Procter & William Lauder‚ president and CEO of Estée Louder‚ calls China a ‘$100 billion opportunity.’ Nothing that there is no ‘one-size-fits-all’ idea of beauty cosmetics marketer pride themselves on sensitivity to local cultural preference
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Case7-2 Cosmetics Giants Segment the Global Cosmetics Market 7-13. How do women’s preferences for cosmetics and beauty care vary from country to country? Since women are influenced by its country’s culture or value imperceptibly‚ they hold different value of beauty. In China‚ women tend to be white and brighter which is associated with wealth. Since I’m Taiwanese‚ in my point‚ I think the values that we girls prefer our skin to be white is mostly influenced by the western culture and the mass
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1) Background (Cut it down‚ its too long and plz check the overall consistency through out the whole report and cut it down if necessary) Our case was titled “Cosmetic Giants Segment the Global Cosmetics Market.” It discussed how the world’s best known cosmetics companies‚ including L’Oreal‚ Procter & Gamble‚ Shiseido and Estee Lauder are setting their sights on a new market segment‚ the emerging middle classes in countries such as Brazil‚ India and China. The case talked about the companies marketing
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Global Cosmetic Industries In the world of globalization with unstable economic situation most of the investors looking for more stable market place to invest for long term. Selecting an appropriate market place with the concern of risk associate with it is a vital task for any investor. Global Cultural Revolution makes all cultural consumers to move into standardized product rather then using local products. Europe and America already achieved a well structure cosmetics and toiletries market
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VVietnams Cosmetics Market With a population of 86 million – over half aged under 30 – Vietnam in particular is an attractive market for cosmetic companies. In fact‚ according to business advice service Vietnam Net‚ approximately 90% of cosmetics sold in the country are imported. The country’s largest foreign players are South Korea (30%)‚ the EU (23%)‚ Japan (17%)‚ Thailand (13%) and the US (10%)‚ according to 2006 estimates from the US Commercial Service. Ngo Minh Phuong from the US Commercial
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COSMETICS IMPORT AND EXPORT REPORT GTİP Code G.T.İ.P. Product Description 3303.00.10.00.00 Perfumes 3303.00.90.00.11 Colognes 3304.10.00.10.00 Lipsticks 3304.10.00.90.00 The Other 3304.20.00.00.00 Eye Make-up Products 3304.91.00.00.00 Powders 3304.99.00.10.00 Blushes 3304.99.00.90.11 Body Lotions 3304.99.00.90.12 Cold Cream 3305.10.00.00.00 Shampoos 3305.30.00.00.00 Hair Sprays 3305.90.90.00.11 Hair Colors 3306.10.00.00.00 Toothpastes 3307.10.00.10.00 Lotions 3307.10.00.90.11
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Regulatory issues/agencies All cosmetic products marketed in the USA must comply with the Federal Food‚ Drug and Cosmetic Act (FD&C Act)‚ the Fair Packaging and Labeling Act (FPLA) and the Food and Drug Administration (FDA). Adulterated or misbranded cosmetics cannot be distributed according to the FD&C Act (Cosmetic Handbook‚ 1992). Manufacturers are not required to test their products for safety though the FDA strongly encourages safety tests. If a claim cannot be adequately substantiated‚ the
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Coursework Assessment One Individual Case Study “Loreal” Dubai Campus 2013/14 Name: Chelsea Tina Potgieter Student Number: M00369950 Module Number & Title: MKT3130 International Marketing Module Leader: Dr. Alun Epps Seminar day: Wednesday; 17:00 pm Assessment ONE: Individual Case Study Report (40%) Thurs 20th February 2014 4:00pm Each student will be provided with a case study and will be required to write a report on the case study based on three questions.
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Introduction of the Company Revlon Inc. is a leading cosmetics company offering cosmetic‚ skin care‚ fragrance‚ and personal-care products. Revlon was formed in 1932‚ and started out with selling only nail enamels. Over the course of the past 75 years‚ Revlon has become a leading brand in the cosmetic market‚ recognized both in the United States and worldwide. Revlon owns popular brands such as Revlon‚ Charle‚ Mitchum‚ and Almay. Revlon has recently been struggling with debt‚ posting losses
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Russia Cosmetic Market The Russian cosmetic market is increasing in consistent rate between 10-12% for the past Five years and is expected to continue growing at the same pace in the coming years. The total global market for cosmetic industry is 463 BN US $ and Russia consumes 2.7% of the market at an estimated 16.5 BN US $‚ and it is in the top 4 countries in Europe. Consumption Pattern 1. GDP Per Capita The GDP per capita in Russia has been rising for the past years but at a declining rate
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