Home » Travel » Booming center category fuels Brazil beauty market

Booming center category fuels Brazil beauty market

The beauty attention is sepulchral in Brazil, where prudent manicures, worldly scents and exquisite make-up are a must-have for women who have done a nation a sector’s universe series three.

Last week, Sao Paulo hosted “Nails Fashion Week” — where about a dozen domestic and unfamiliar brands are charity adult a latest trends in spike tone as good as stilettos, make-up and eyewear in a bid to charm new customers.

“We combined this eventuality in sequence to hint new trends and sign new partnerships. Some brands attend though many others came to check it out. The thought is to keep removing bigger,” eventuality owner Luciana Medeiros told AFP.

For a initial time this year, a salon featured some-more than spike products, as organizers and vendors comparison have satisfied that a Brazilian beauty products marketplace is expanding quickly.

About 40 million people have assimilated a center category in a past decade in a Latin American powerhouse, now a world’s sixth-largest economy — and beauty retailers see opportunities for vital sales.

US door-to-door beauty products seller Avon has an huge seductiveness in Brazil, with a company’s internal selling arch Ricardo Patrocinio observant a business is “growing in really engaging proportions” in a country.

“Consumers have augmenting purchasing energy and are open to shopping opposite kinds of products,” Patrocinio said.

According to a investigate by marketplace investigate organisation Euromonitor cited recently by a Brazilian attention association, a zone generated $43 billion in sales in 2011, adult 19 percent from a prior year.

That means Brazil now accounts for 10 percent of a tellurian beauty products market, putting it in third place behind a United States and Japan.

The Brazilian Association of a Cosmetic, Toiletry and Fragrance Industry attributes a expansion to several factors, including a augmenting series of women in a workplace and a clearly consistent launches of new products.

Economist Marcelo Neri of a Getulio Vargas Foundation says socioeconomic factors are really in play.

“Women are operative more, have some-more income and are carrying fewer children, that allows them to have even some-more money. Between 2001 and 2009, women’s incomes rose 38 percent, opposite only 16 percent for men,” Neri told AFP.

“In Brazil, those who are successful… can start shopping products to that they did not have entrance before. There are 40 million of them.”

Renata Leite, a selling executive for Colorama, a spike gloss code bought a decade ago by French cosmetics hulk L’Oreal, pronounced her company’s products have a broad-based appeal: from a operative bad to a top class.

“We wish to spin Brazil into a cutting-edge marketplace that sets trends. This marketplace can do that,” Leite said.

Alexandre Zolko, who launched a shoes code My Shoes 3 years ago, is also counting on Brazil’s flourishing center category to assistance grow his business. He says his sign is “accessible luxury.”

“My products are directed during those regulating credit cards,” he pronounced on a sidelines of Nails Fashion Week.

According to central data, Brazil’s center category now has about 95 million people, or about half a country’s population.

Source: Article Source

Filed under Travel and tagged , .

Leave a Reply