THAI PERSONAL CARE MARKET UNFAZED BY ECONOMIC DOLDRUMS
August 1st, 2016
Although the economy of Thailand has been lacklustre amid serious political uncertainty following a military coup in 2014, the Thai personal care market has continued to display resilience. According to UK-based market researcher Euromonitor International, Thai retail sales of colour cosmetics in 2015 grew by 7.5% year-on-year to the equivalent of USD583.6 million, compared to 2.8% in the economy overall (following 0.8% in 2014). This is a phenomenon for which a robust inflow of foreign tourists deserves some, if not most, credit. According to national statistics ...
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