Sales of premium beauty and personal care are expected to maintain a healthy value CAGR over the forecast period, supported by continued new launches of innovative products. Further positive indicators are those driving the future performance for beauty and personal care overall, including a recovery in real disposable incomes leading to stronger consumer spending power, lower inflation, an overall improving economy, lowering unemployment, rising real wages, and falling interest rates.
Consumers are increasingly looking for premium products offering personalised experiences, with specific benefits to suit their individual needs, which is a key trend seen in skin care and fragrances, for example. In this sense, consumers will seek products with recognisable branding and strong reputations for efficacy.
Central and Eastern Europe represents a promising market for luxury goods retailers, and the Czech Republic is of great importance for luxury and premium brands. Key factors attracting luxury brands to Central and Eastern Europe include the region's growing purchasing power and the potential of its cities to attract large numbers of tourists and visitors.
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Understand the latest market trends and future growth opportunities for the Premium Beauty and Personal Care industry in Czech Republic with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Premium Beauty and Personal Care industry in Czech Republic, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Premium Beauty and Personal Care
This is the aggregation of premium colour cosmetics, fragrances, deodorants, skin care, sun care, baby and child-specific products, bath and shower and hair care.
See all of our definitionsThis report originates from Passport, our Premium Beauty and Personal Care research and analysis database.
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