THAI COSMETICS SECTOR FUELLED BY MAJOR GROWTH IN MALE GROOMING
January 1st, 2013
MAJOR new opportunities are emerging for both international and domestic cosmetics brands in Thailand, due to strong economic growth, increasingly sophisticated consumers, and a vibrant market in which new products and innovations are leading to growing competition.The economy in Thailand, with 70 million consumers, is a key mid-sized and medium-income market, and has recovered strongly from the severe floods in 2011 that affected much of the country, with GDP growth forecast at 5.7% for 2012.As a result, disposable incomes are rising steadily, and combined with ...
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