"Colour Cosmetics in Costa Rica" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Wed Jul 16 2014

Given the on-going globalisation and opening market, consumers are becoming more willing to try the emerging bold trends that are determining product innovation within colour cosmetics, such as seasonal colours (according to weather) glitter effects, multi-use formulations (double use foundations) and vibrant colours (orange, green, turquoise, gold). They were also more concerned about certain products such as nail polish and lip gloss, which are considered essential to an increasing consumer base. Colour cosmetics also saw further levels of segmentation in terms of skin type, product positioning and distribution channel (retail, salon, make-up stores, direct selling), formulation (natural, chemical based, hypoallergenic) and strength (extreme, light), amongst others. Advanced technology and sun protection were key factors which developed in line with skin care, thanks to the increasing offer of value-added formulations (integrated concept) such as the popular moisturising/hydrating lip glosses, 2-in-1 foundations (make-up, skin rehabilitation) or serum added alternatives, SPF lip glosses and foundation.

Full Report Details at
- http://www.fastmr.com/prod/851021_colour_cosmetics_in_costa_rica.aspx?afid=301

Competitive Landscape

Mercorica SA led colour cosmetics in 2013 with a 29% value share, mainly due to the distribution of the leading global brands Revlon, Max Factor and Cover Girl. These top-of mind brands are strongly positioned through local retailers (strategic shelf space) thanks to their constant innovation and competitive unit prices. Cefa Corporacion SA ranked second with 22% value share, mainly due to its leading brands L'Oreal, Maybelline and Clinique, which also offer deep segmentation, constant innovation and strong point of sale promotion. Avon de Costa Rica SA ranked third with 17% value share, mainly due to its differentiated direct selling and expertise. It also benefited from good product quality perception and appealing payment methods.

Industry Prospects

Colour cosmetics is expected to continue moving towards natural and chemical-free formulations, in line with the remarkable on-going trends which are expected to impact an increasing number of categories. Manufacturers might keep improving formulations in order to offer better product performance, such as mega volume, no brittle mascara, 24-hour wear cosmetics and others, while premium brands are anticipated to be differentiated by the offer of advanced technology and innovative and more convenient devices. Salon specialised stores could become increasingly popular given their good offer of mixed product portfolio, strategic location and differentiated costumer service as well as continuing to apply good levels of product segmentation. Value-added and value for money alternatives (such as 2-in-1, dual lipstick, waterproof) might continue to dominate the sales of colour cosmetics, with consumers becoming increasingly demanding and willing to try new options.

Report Overview

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