Asia Personal Care & Cosmetics Market Guide 2016
AsiaCosmeticsMarketGuide
AsiaCosmeticsMarketGuide
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• Population changes will shape emerging needs. Population projections show that by 2021, for every<br />
100 people in Auckland, in New Zealand’s largest city, 53 will be European, 27 will be of <strong>Asia</strong>n<br />
heritage, 17 will be Pacific Islanders and 12 will be Maori.<br />
• Focus on product safety and environmentally friendly products<br />
• An increase in online sales<br />
Consumer Profile<br />
The majority of New Zealand's population is of European descent, with the indigenous Maori being the<br />
largest minority (14.6 percent), followed by <strong>Asia</strong>ns (9.2 percent) and non-Māori Pacific Islanders (6.9<br />
percent). The median income from wages and salaries across all jobs in June 2014 was about US$33,000<br />
before tax (includes full and part-time jobs). New Zealand households are currently in a spending mode<br />
and economic forecasts record that household spending will continue to strengthen as the economy<br />
responds to a stronger housing market, population growth (immigration) and lower interest rates.<br />
Women are known to shop more regularly than men, and more likely to purchase on behalf of other<br />
family members.<br />
Most Important Factors to New Zealanders When Deciding to Buy<br />
Global Brand<br />
Local Brand<br />
53 Better Price/Value 43<br />
35 Previous Experience with Product was<br />
33<br />
Good<br />
37 On Sale/Promotion 29<br />
30 Product Benefits are Better 32<br />
15 Safer Ingredients and Processing 21<br />
Base: n = 500<br />
Source: Global Brand-Origin Survey published FMCS Business, June <strong>2016</strong><br />
Product Trends<br />
Representative retail prices for the following products (New Zealand Dollars)<br />
Products Mass <strong>Market</strong> Premium<br />
Low High Low High<br />
Perfume $10 $50 $55 $250<br />
Lipstick $5 $40 $45 $90<br />
Eye Shadow $5 $40 $45 $60<br />
Mascara $10 $40 $45 $80<br />
Sunscreen $20 $20 $55 $55<br />
Bronzer/Blush $10 $40 $55 $90<br />
Skin Cream $10 $50 $70 $250<br />
Shampoo/Conditioner $5 $30 $50 $100