Color Cosmetics to Dominate Russian Industry Revenue by 2012

Noida, India (PressExposure) November 17, 2009 -- A recent research study by RNCOS has found that by 2012, nearly 16% of the cosmetic industry’s revenue generated in Russia will come from color cosmetic segment. This segment has emerged as the one of the most dynamically growing segments of the industry, influenced by fashion trends and innovations.

The report titled “Russian Cosmetics Market Forecast (2008-2012)” reveals that the sales of color cosmetic products has grown by almost 11% in recent years, generating total business of more than US$ 1.5 Billion in 2008. The consumption of color cosmetics among Russian women is the highest in the European region, with an estimated 80% of Russian women using color cosmetics. We have also found that the impact of financial crisis on color cosmetics has been minimal as compared to other segments due to favorable shift in consumer behavior among mass and luxury product categories.

Besides analyzing various cosmetics segments, our study also covers other important aspects associated with the Russian cosmetic industry. The report provides detailed analysis on various types of distribution channels adopted by the cosmetics manufactures in Russia and the revenue generated by each distribution channel. While analyzing the cosmetic industry’s performance, an equal balance has been maintained between the qualitative and quantitative aspect of the research.

The report provides segment-wise analysis of the cosmetic industry scenario in Russia. Our research findings will definitely help consultants, industry analysts and vendors to gain in-depth knowledge of the current, past and future performance of the industry.

The forecast given in the report is based upon the correlation between past market trends, statistical analysis and industry drivers and gives a direction to clients in which the industry is likely to move. It will also help clients to identify the opportunities to tap in the Russian cosmetic industry.

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About RNCOS E-Services Pvt. Ltd.

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Press Release Submitted On: November 17, 2009 at 1:20 am
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