Market Size of Russia Beauty And Personal Care Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.96 % |
| Market Concentration | Low |
Major Players.webp "Russia Beauty And Personal Care Market Major Players"){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Russia Cosmetics Market Analysis
The Russia Beauty And Personal Care Market size is expected to grow from USD 9.25 billion in 2023 to USD 10.70 billion by 2028, at a CAGR of 2.96% during the forecast period (2023-2028).
- High disposable income of high and mid-income Russians, an inclination to spend on appearance, a large section of the world's teens growing older and younger, a large section of the country's population is older and aging, a union of skin-benefiting and beautifying aspects in new makeup products through research into the use of natural products. For instance, according to the Russian Federal State Statistics Service, around 3.3 million men and 5.3 million women were above the age of 65 in Russia in 2022.
- The continuation of research on breakthrough technologies for premium and other products and the introduction of a range of new product classes (DD and EE creams, etc.) are some of the drivers of this market. Key players in the Russian beauty and personal care market are mainly focusing on product innovation and expansion.
- For instance, in March 2022, Shiseido expanded its clean beauty portfolio by introducing a new skincare brand. This strategic move was part of the company's plan to further develop its skin beauty segment, with the goal of increasing its contribution to total sales to 75% by the end of 2022. By adding this new brand to its portfolio, Shiseido aimed to capture a larger market share and cater to consumers' evolving preferences seeking clean and sustainable skincare options.
- Natural personal care product demand is rising due to rising consumer health consciousness. Consumer preference for organic personal care products is likely to expand throughout the forecast period due to the rising demand for organic ingredients. Another element contributing to the expansion of this industry is the growing consciousness about the perils of using chemical and synthetic materials. Market expansion can be attributed to the preference of customers for natural or organic labels.
- In addition, companies are reaching out to customers in various ways, including the Internet and other media. For instance, in May 2022, L'Oréal Paris, an international cosmetics company, introduced a cutting-edge and unique cosmetic tool in Israel for consumers as it continued to further its digital transformation. The business said that one could "measure" their hair color virtually at any time using the virtual ry On (VTO) tool, which is available on the L'Oréal website. According to the statement, 70% of all visitors to the L'Oréal Paris website have used the digital tool since it went live.
Russia Cosmetics Industry Segmentation
Beauty and personal care is an art field that addresses the looks and health of one's hair, nails, and skin.
Russia's beauty and personal care market is segmented by product type, category, and distribution channel. By product type, the market is segmented into personal care products and cosmetic and makeup products. The personal care products segment is further segmented into hair care products, skincare products, bath and shower products, oral care products, men's grooming products, and deodorants and antiperspirants. The cosmetics/makeup products segment is further segmented into facial cosmetics, eye cosmetic products, and lip and nail makeup products. By category, the market studied is segmented into premium and mass products. By distribution channel, the market studied is segmented into specialist retailers, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail stores, and other distribution channels.
The market sizing has been done in value terms in USD for all the abovementioned segments.
| Product Type | |||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||
|
| Category | |
| Premium Products | |
| Mass Products |
| Distribution Channel | |
| Specialist Retail Stores | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Pharmacies/Drug Stores | |
| Online Retail Channels | |
| Other Distribution Channels |
Russia Beauty And Personal Care Market Size Summary
The Russian beauty and personal care market is poised for growth, driven by factors such as increasing disposable incomes and a growing preference for natural and organic products. Consumers are increasingly inclined to invest in their appearance, with a notable shift towards products that combine skincare benefits with beautifying properties. This trend is supported by ongoing research and innovation in the industry, leading to the introduction of new product categories like DD and EE creams. Key players are focusing on expanding their product offerings and enhancing their portfolios with clean and sustainable beauty options. The demand for natural personal care products is rising, fueled by heightened health consciousness and concerns over the adverse effects of chemical ingredients. This has led to a preference for products labeled as organic, vegan, and cruelty-free, prompting manufacturers to revamp their offerings with plant-based and environmentally friendly ingredients.
The market is also witnessing a surge in the popularity of hair care products, driven by increased spending power and a growing awareness of hair health among consumers. The availability of affordable hair care solutions and the rising demand for innovative packaging and convenient formats are contributing to market expansion. Companies are leveraging digital transformation and e-commerce to reach a broader audience, with major players like L'Oreal, Procter & Gamble, and Estée Lauder actively expanding their distribution channels. The introduction of new product lines and collaborations, such as the partnership between Estée Lauder and Balmain, highlights the industry's focus on catering to diverse consumer needs and preferences. As the market continues to evolve, the emphasis on sustainability and natural ingredients is expected to drive further growth, with consumers increasingly seeking products that align with their values and lifestyle choices.
Russia Beauty And Personal Care Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Forces Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Personal Care
-
2.1.1.1 Hair Care
-
2.1.1.1.1 Shampoo
-
2.1.1.1.2 Conditioner
-
2.1.1.1.3 Hair Oil
-
2.1.1.1.4 Hair Styling And Coloring Products
-
2.1.1.1.5 Others
-
-
2.1.1.2 Skin Care
-
2.1.1.2.1 Facial Care
-
2.1.1.2.2 Body Care
-
2.1.1.2.3 Lip Care
-
-
2.1.1.3 Bath and Shower
-
2.1.1.3.1 Soaps
-
2.1.1.3.2 Shower Gels
-
2.1.1.3.3 Bath Salts
-
2.1.1.3.4 Bathing Accessories
-
2.1.1.3.5 Other Bath and Shower
-
-
2.1.1.4 Oral Care
-
2.1.1.4.1 Toothbrushes and Replacements
-
2.1.1.4.2 Toothpaste
-
2.1.1.4.3 Mouthwashes and Rinses
-
2.1.1.4.4 Other Oral Care
-
-
2.1.1.5 Men's Grooming
-
2.1.1.6 Deodrants and Antiperspirants
-
-
2.1.2 Beauty & Make-up / Cosmetics Market
-
2.1.2.1 Colour Cosmetics
-
2.1.2.1.1 Facial Make-up Products
-
2.1.2.1.2 Eye Make-Up Products
-
2.1.2.1.3 Lip and Nail Make-Up Products
-
2.1.2.1.4 Hair styling and Coloring Products
-
-
-
-
2.2 Category
-
2.2.1 Premium Products
-
2.2.2 Mass Products
-
-
2.3 Distribution Channel
-
2.3.1 Specialist Retail Stores
-
2.3.2 Supermarkets/Hypermarkets
-
2.3.3 Convenience Stores
-
2.3.4 Pharmacies/Drug Stores
-
2.3.5 Online Retail Channels
-
2.3.6 Other Distribution Channels
-
-
Russia Beauty And Personal Care Market Size FAQs
What is the current Russia Beauty And Personal Care Market size?
The Russia Beauty And Personal Care Market is projected to register a CAGR of 2.96% during the forecast period (2024-2029)
Who are the key players in Russia Beauty And Personal Care Market?
L'Oréal S.A., The Procter & Gamble Company, Unilever, Shiseido Company and Beiersdorf AG are the major companies operating in the Russia Beauty And Personal Care Market.
