Contents:

Hair Care in Bulgaria Euromonitor International June 2011 List of Contents and Tables Headlines Trends Competitive Landscape Prospects Category Data Table 1 Sales of Hair Care by Category: Value 2005-2010 Table 2 Sales of Hair Care by Category: % Value Growth 2005-2010 Table 3 Hair Care Premium Vs Mass % Analysis 2005-2010 Table 4 Sales of Styling Agents by Type: % Value Breakdown 2006-2010 Table 5 Hair Care Company Shares 2006-2010 Table 6 Hair Care Brand Shares by GBN 2007-2010 Table 7 Styling Agents Brand Shares by GBN 2007-2010 Table 8 Colourants Brand Shares by GBN 2007-2010 Table 9 Hair Care Premium Brand Shares by GBN 2007-2010 Table 10 Forecast Sales of Hair Care by Category: Value 2010-2015 Table 11 Forecast Sales of Hair Care by Category: % Value Growth 2010-2015 Table 12 Forecast Hair Care Premium Vs Mass % Analysis 2010-2015 Aroma Ad in Beauty and Personal Care (bulgaria) Strategic Direction Key Facts Summary 1 Aroma AD: Key Facts Summary 2 Aroma AD: Operational Indicators Company Background Production Competitive Positioning Summary 3 Aroma AD: Competitive Position 2010 Rubella Beauty Ad in Beauty and Personal Care (bulgaria) Strategic Direction Key Facts Summary 4 Rubella Beauty AD: Key Facts Summary 5 Rubella Beauty AD: Operational Indicators Company Background Production Competitive Positioning Summary 6 Rubella Beauty AD: Competitive Position 2010 Sts Cosmetics Ood in Beauty and Personal Care (bulgaria) Strategic Direction Key Facts Summary 7 STS Cosmetics OOD: Key Facts Summary 8 STS Cosmetics OOD: Operational Indicators Company Background Production Competitive Positioning Summary 9 STS Cosmetics OOD: Competitive Position 2010 Executive Summary Growth Relatively Stable in 2010 Premium Cosmetics See Some Decline Domestic Manufacturers Struggle To Compete With Multinationals Adoption of New Launches A Little Behind EU Trends Companies Compete Intensely As Market Approaches Maturity Key Trends and Developments Slowdown Due To Economic Crisis Nears Its End Domestic Companies Lose Out To Multinationals Premium Brands Fight Counterfeit Products Multinationals Take Larger Share of Beauty and Personal Care Direct Selling Companies Generate Significant Proportion of Sales Market Data Table 13 Sales of Beauty and Personal Care by Category: Value 2005-2010 Table 14 Sales of Beauty and Personal Care by Category: % Value Growth 2005-2010 Table 15 Sales of Premium Cosmetics by Category: Value 2005-2010 Table 16 Sales of Premium Cosmetics by Category: % Value Growth 2005-2010 Table 17 Beauty and Personal Care Company Shares by NBO 2006-2010 Table 18 Beauty and Personal Care Company Shares by GBO 2006-2010 Table 19 Beauty and Personal Care Brand Shares by GBN 2007-2010 Table 20 Penetration of Private Label by Category 2005-2010 Table 21 Sales of Beauty and Personal Care by Distribution Format: % Analysis 2005-2010 Table 22 Sales of Beauty and Personal Care by Category and by Distribution Format: % Analysis 2010 Table 23 Forecast Sales of Beauty and Personal Care by Category: Value 2010-2015 Table 24 Forecast Sales of Beauty and Personal Care by Category: % Value Growth 2010-2015 Table 25 Forecast Sales of Premium Cosmetics by Category: Value 2010-2015 Table 26 Forecast Sales of Premium Cosmetics by Category: % Value Growth 2010-2015 Appendix Gift Sets Definitions Summary 10 Research Sources

Summary:

Cosmetics And Toiletries in Bulgaria Executive summary 2007 brought the highest growth rates in the past decade In 2007 Bulgarian cosmetics and toiletries achieved a successful year as most of the categories saw positive growth rates, both in terms of value and volume sales. Well above the average was the growth rate of sun care, for example, but its impressive progress was actually mostly due to its initial low base and the category still generates the low sales levels. The majority of the colour cosmetic categories performed well, with many managing to achieve double-digit growth in value and volume sales. Oral hygiene, however, was the least dynamic category but has significant potential for future growth. Premium cosmetics become a key segment in the industry 2007 was the year when rising disposable incomes stirred the market and stimulated the growth of premium and high-end cosmetics. Although actual sales achieved were still low, that was a clear indication that the local premium cosmetics category is changing and will become even more profitable for the key players. Premium colour cosmetics and sun care were the most dynamically progressing products but it is premium fragrances and premium skin care that generate the highest value sales. Conversely, the low end of the category is notably shrinking as the quality is becoming more important than the price of a product. A decade ago consumers were choosing most of the products by comparing prices. In the review period, however, it became clear that the attention of the users of cosmetics can be kept by showing consistency in quality and ensuring positive perception for the manufacturer and the brand. Multinational brands expand, local manufacturers shrink 2007 saw expected success for global brands such as Avon, Nivea, L’Oréal, Dove, etc. All of the multinational companies maintained their shares and stabilised their positions. Most managed to expand their share at the expense of local manufacturers, which were unable to cope with the intensifying competition. In spite of the recent investments in quality improvement, major Bulgarian companies such as Aroma AD, Alen Mak AD and Rubella Beauty AD remain unable to halt their falling shares. The key factor which limits their potential is their limited financial background, which does not allow them to invest in marketing and advertising. As a result, even new launches remain unnoticed while foreign companies invest massively in advertisements, which facilitate their progress further. Store-based retailing remains the key distribution channel Store-based retailing was the key distribution channel for cosmetics and toiletries in Bulgaria. Health and beauty retailers account for the greater part of the value sales in the industry, alongside perfumeries and independent small grocers. The importance of the grocery stores is increasing, mainly because of the growth of sales of the large supermarket/hypermarket chains as they are able to negotiate bigger discounts and offer popular brands at slightly lower prices. Along with that, the direct sellers like Avon and Oriflame have also managed to strengthen their distribution networks, resulting in growth of direct sales. Avon Bulgaria EOOD, which was the company with the largest overall share, is the major distributor of cosmetics and toiletries and successfully operates in categories including skin care, colour cosmetics and fragrances. Moderate growth and fierce competition expected The forecast period promises stable positive growth, driven by rising disposable income, which will boost demand for high quality sophisticated products. Skin care and sun care will show the highest growth as these categories are still underdeveloped and have the highest potential for progress. The positive advance and the increasing unit prices are expected to intensify competition between companies and they will bring the rivalry to another level – instead of only attracting the attention of the potential consumers, leading brands will have to keep it and invest in creating sustainable brand loyalty.

Companies Mentioned

- Alen Mak Ad - Aroma Ad - Krasnaya Linia Bulgaria Ltd - Rubella Beauty Ad - Sts Cosmetics Ood