Asia Personal Care & Cosmetics Market Guide 2016
AsiaCosmeticsMarketGuide
AsiaCosmeticsMarketGuide
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In addition to personal care products top-sellers in cosmetics market are distributed through multi-level<br />
marketing or direct selling – Avon, Mary Kay, Fullerton/Sara Lee, Amway. Most of these products are<br />
U.S. brands.<br />
Product Trends<br />
U.S. brand Avon <strong>Cosmetics</strong> dominated color cosmetics in 2015, with a market share of 29 percent. The<br />
company remains appealing to mass consumers due to its affordable prices, product variety, and flexible<br />
paying terms. Avon is also a very well-established brand that has penetrated even small neighborhoods.<br />
Pricing<br />
Imported goods for sale in the Philippines are not only considered quality products, but are also more<br />
expensive. If the difference between a locally manufactured product and an imported one is a few<br />
pesos, a consumer would likely buy the imported brand.<br />
Filipino consumers are increasingly more discerning and brand-conscious and this is more and more<br />
reflective in their purchase habits. They watch out for product promotions that offer their favorite<br />
products at lower prices and think twice before making purchases.<br />
To make products more available to consumers, cosmetics and personal care companies, including<br />
multinationals, have repackaged products into single-use sachets. Consumers have the option to buy in<br />
quantities they need and can afford; for example, they can buy one sachet only or enough sachets for a<br />
week or two.<br />
The average mark-up for consumer goods is 40 percent.<br />
Representative retail prices for the following products (US$)<br />
Products Mass <strong>Market</strong> Premium<br />
Low High Low High<br />
Perfume $6.16 $10.29 $20.59 $113.37<br />
Lipstick $3.40 $4.43 $8.20 $15.46<br />
Eye Shadow $7.19 $11.48 $20.61 $69.88<br />
Mascara $4.11 $7.73 $24.73 $76.26<br />
Sunscreen $5.13 $8.22 $10.31 $38.54<br />
Bronzer/Blush $6.00 $9.03 $12.16 $25.97<br />
Skin Cream $4.10 $9.28 $15.05 $57.71<br />
Shampoo/Conditioner $3.09 $5.67 $16.28 $51.53<br />
Hair Styling Product $3.09 $5.77 $14.39 $28.75<br />
Deodorant $2.04 $3.40 $8.14 $20.61<br />
Nail Polish $0.93 $1.86 $7.94 $11.32<br />
Shaving Prep $2.39 $6.39 $11.27 $26.69<br />
Source: U.S. Commercial Service Philippines Field Research<br />
Overview of the Domestic <strong>Market</strong><br />
US Imports and Competitors