Singapore Cosmetic Market Forecast to 2020

  • ID: 3618529
  • Report
  • Region: Singapore
  • 75 pages
  • RNCOS E-Services Private Limited
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Cosmetics Market in Singapore is Expected to Grow at a CAGR of Around 5% During 2016-2020
Singapore is one of the preferred destinations for global cosmetic players in the Southeast Asian region. Rising concern and awareness about beauty and personal care issues, is among the main driving force behind Singapore cosmetic growth spurt. Further, rising per capita disposable income for women is also accelerating the cosmetic sales in Singapore. Moreover, the foreign cosmetic players, who are dominating cosmetic industry, are also investing significantly in research and development in order to launch new brands and to sustain in intense competition present in beauty and personal care in the country.

The recent market research report, “Singapore Cosmetic Market Forecast to 2020”, provides in-depth study on the cosmetic industry and potential market areas of growth in Singapore. Further, the major trends have being identified for understanding the direction of growth in the cosmetics industry, which has been witnessing significant growth. The cosmetics market in the country is expected to grow at a CAGR of around 5% during 2016-2020. Our research is an outcome of extensive primary & secondary research. For the study, we have analyzed industry expert insights from existing players, supplier and distributor etc. in order to build our understanding of the overall cosmetic industry in Singapore, and to explore opportunity in the prevailing market.

In the report, we have studied the Singapore cosmetics industry in terms of its market size and its segments including skincare, fragrance, hair care and colour cosmetic, which is forecasted till 2020. Additionally, we have studied each segment by its component and by leading players. Also, the report covers the market potential area that includes hair and beauty salon market, spa industry and cosmetic surgery market. The report includes the distribution channel and market entry strategies for foreign cosmetic companies in Singapore.

The report also covers the regulatory framework for cosmetic industry in the country, including the licensing procedure for foreign players with fee details and import duties, etc. In addition, consumer behavior analysis has been done to understand the demographics, preference and brand loyalty of customers towards cosmetic products.

Moreover, the report also includes business overview, product category, and strength & weakness of key industry players, along with comprehensive outlook of the sector’s present and future scenario. Overall, the report is a result of extensive research and prudent analysis, and will be offering suitable knowledge base to those who are interested in this industry in Singapore.
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1. Analyst View

2. Research Methodology

3. Where Singapore Stands in ASEAN Cosmetics Market

4. Emerging Market Trends & Drivers
4.1 Mounting Demand for Cosmeceutical Skincare Products
4.2 Natural Cosmetic Products Gaining Impetus in the country
4.3 Rising Per Capita Disposable Income for Women Accelerating Cosmetics Sales
4.4 Online Cosmetics Buying is on the Rise
4.5 Rising Beauty Concerns among Men

5. Cosmetic Market Outlook to 2020
5.1 Skin Care
5.2 Fragrance
5.3 Hair Care
5.4 Color Cosmetics

6. Market Potential Areas
6.1 Hair & Beauty Salon Market
6.2 Spa Market
6.3 Cosmetics Surgery

7. Consumer Insights

8. Cosmetic Distribution Channel

9. Market Entry Strategies

10. Regulatory Framework

11. Competitive Landscape
11.1 L'Oréal Singapore Pte Ltd
11.1.1 Business Overview
11.1.2 Product Categories and Brands
11.1.3 Strengths & Weaknesses
11.2 Procter & Gamble (Singapore) Pte Ltd
11.2.1 Business Overview
11.2.2 Product Categories and Brands
11.2.3 Strengths and Weaknesses
11.3 Shiseido Singapore Co. (Pte) Ltd
11.3.1 Business Overview
11.3.2 Product Categories and Brands
11.3.3 Strengths & Weaknesses
11.4 LVMH Fragrances and Cosmetics (Singapore) Pte Ltd
11.4.1 Business Overview
11.4.2 Product Categories and Brands
11.4.3 Strengths & Weaknesses
11.5 Beiersdorf Singapore Pte Ltd
11.5.1 Business Overview
11.5.2 Product Categories and Brands
11.5.3 Strengths & Weaknesses
11.6 Estee Lauder Cosmetics Pte Ltd
11.6.1 Business Description
11.6.2 Product Categories and Brands
11.6.3 Strengths & Weaknesses

List of Tables
Table 6-1: Salon Hair Care Market by Players (%), 2015
Table 10-1: Fees for Notification of Cosmetic Products and Good Manufacturing Practice Certificate
Table 10-2: Fees for Manufacturer’s Licence for Cosmetic Product
Table 11-1: L'Oréal Singapore Pte Ltd - Strengths & Weaknesses
Table 11-2: Procter & Gamble (Singapore) Pte Ltd - Strengths & Weaknesses
Table 11-3: Shiseido Singapore Co. (Pte) Ltd - Strengths & Weaknesses
Table 11-4: LVMH Fragrances and Cosmetics (Singapore) Pte Ltd - Strengths & Weaknesses
Table 11-5: Beiersdorf Singapore Pte Ltd - Strength & Weaknesses
Table 11-6: Estee Lauder Cosmetics Pte Ltd - Strength & Weaknesses

List of Figures
Figure 3-1: Share of Singapore in ASEAN Cosmetics Market (2015)
Figure 5-1: Cosmetics Market (Million US$), 2014-2020
Figure 5-2: Cosmetics Market by Segment (%), 2015
Figure 5-3: Forecast for Cosmetics Market by Segment (%), 2020
Figure 5-4: Skin Care Market (Million US$), 2014-2020
Figure 5-5: Skin Care Market by Segments (%), 2015
Figure 5-6: Skin Care Market by Leading Players (%), 2015
Figure 5-7: Fragrance Market (Million US$), 2014-2020
Figure 5-8: Fragrance Market by Segments (%), 2015
Figure 5-9: Fragrance Market by Leading Players (%), 2015
Figure 5-10: Hair Care Market (Million US$), 2014-2020
Figure 5-11: Hair Care Market by Segments (%), 2015
Figure 5-12: Hair Care Market by Leading Players (%), 2015
Figure 5-13: Color Cosmetics Market (Million US$), 2014-2020
Figure 5-14: Color Cosmetics Market By Segments (%), 2015
Figure 5-15: Color Cosmetics Market by Leading Players (%), 2015
Figure 6-1: Salon Hair Care Market (Million US$), 2014-2020
Figure 6-2: Share of Premium and Mass Products in Salon Hair Care Market (2015)
Figure 6-3: Spa Market (Million US$), 2014-2020
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Rising Disposable Income of Women Driving Singapore Cosmetic Market

Aligned with national policies to provide equal access of education for both men and women, Singaporean women have obtained nearly equal literacy rates and university-level education as compared to Singaporean men. High percentage of women are employed, therefore expend on cosmetic products is rising. Singaporean women spend excessively on luxury skincare products. Cosmetic surgery is growing in Singapore. A huge population of women are now opting for cosmetic procedures to look beautiful, get lucrative jobs, find marriage partners, and come out of any sort of abnormality, which they feel impacts their self-possession and self-esteem.

Online shopping is a growing trend in Singapore. The online shopping culture has increased in the country due to growing internet usage and changing work lifestyle. Mobile commerce is a increasing segment and is probably to make online purchases and bill payments via mobile devices, such as mobile phones or tablets, rather than through desktops. Consumers in Singapore usually purchase branded products online as there is no fear of quality in case of branded products. The online cosmetic retailers provide online shoppers a pleasing experience through their high quality products and superior customer services.

Research Analysis and Highlights

The report, “Singapore Cosmetic Market Forecast to 2020”, which is spread over 75 pages, covers extensive research and thorough analysis of the Singapore cosmetic market, presents forecasts of market trends and market growth. It also presents a critical analysis and an unbiased view of Singapore cosmetic market, including the current and future market size.

The research has also included analysis of future potential areas such as hair & beauty salon market, spa market and cosmetics surgery. Moreover, our study also looks into the business overview, product categories & brands and strengths and weaknesses of key players of the Singapore cosmetic market. Overall, the report will facilitate clients in analyzing the trends and understanding the opportunities in the industry.

Some of the report’s key highlights include:
- Rising demand for cosmeceutical skin care products
- Rising per capita disposable income for women accelerating cosmetics sales
- Online cosmetics buying is on the rise
- Natural cosmetic products gaining momentum
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- Beiersdorf Singapore Pte Ltd
- Estee Lauder Cosmetics Pte Ltd
- L'Oréal Singapore Pte Ltd
- LVMH Fragrances and Cosmetics (Singapore) Pte Ltd
- Procter & Gamble (Singapore) Pte Ltd
- Shiseido Singapore Co. (Pte) Ltd

Note: Product cover images may vary from those shown
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