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The market for beauty products has grown
significantly in the last decade but distributors expect
further growth.
Pic: Lwin Maung Maung |
THE local market for cosmetics will continue to grow because
of increasing customer awareness and high demand for the latest
products, according to cosmetics distributors in Myanmar.
The market has grown markedly in the last decade, says Ma Cho
Thet Nwe, the product manager of Revlon’s sole Myanmar distributor,
and many more global brands are now distributing their products
locally. This has been driven by a change in customer demands,
she adds.
“Shampoo and cosmetics were the two most popular product
categories for Revlon when we began distributing here in 1996.
At that time there was no market for skin care, only for cosmetics,”
Ma Cho Thet Nwe, product manager of New Link Marketing Ltd, said.
Ma Cho Thet Nwe says of the five categories of beauty products
– cosmetics, skin care, hair care, hair colour and personal
care – the demand for cosmetics, skin care and hair colour
are high, while hair care and personal care are still yet to take
off here.
“There is still weak demand for personal care products
in Myanmar but cosmetics are more widely used now among Myanmar
women,” said Ma Cho Thet Nwe, adding that demand is highest
for beauty products like lipstick, face powder and foundation.
With hundreds of stockists nationally, Revlon is now the leading
brand for lip and facial products in the local cosmetic market.
“Foundation and lipstick are Revlon’s best-selling
products and people are now often choosing ‘age-defying’
make-up and lipsticks that contains moisturiser. There is a greater
awareness of the dangers of sun exposure and more women are now
checking what the sun protection factor of the make-up is,”
she said.
To develop the market further, Revlon makes its products more
affordable in Myanmar – compared to other Asian countries
– and most are priced between K15,000 and K25,000
“The product prices are 10 to 15 percent less than the
price sold in Singapore,” said Ma Cho Thet Nwe.
But she says many products take sometime to hit our shelves.
It is possible for Myanmar to receive newly-released products
at the same time as developed markets but this is dependent on
market demand. Accordingly, we often receive products months after
they are released.
“The latest products sometimes go straight to Myanmar
but it depends on the market demand. During Thingyan Water Festival
there is high market demand and many of the latest products are
imported at that time, maybe six months after they first hit the
global market,” said Ma Cho Thet Nwe, adding that new Revlon
products usually take about two months to reach Myanmar from the
production plant in Asia.
This means there are also different products available in Yangon
and Mandalay, where the weather and lifestyle dictate customer
demand. As the market trend of whether to bring in the latest
products of Revlon varies depending on the demand, the difference
is also on Yangon and Mandalay.
“Demand in Mandalay is more on mattes. This is because many
people are travelling by motorbike and they prefer matt rather
than gloss, lip gloss is not popular.
Decleor is another well-known brand in the local market. The
company began life in Paris about 40 years ago and has been distributing
their products in Myanmar in 1997. Francois-Xavier Laude, the
company’s Asia Pacific regional manager, says the company
is making a concerted effort to expand the local market for their
products by letting customers try products they may never have
used before.
Decleor also emphasises the need for giving customers professional
advice on their cosmetic needs as well as ensuring their products
are price positioned suitably for the Myanmar market.
“It’s true that Decleor is not a mass-market brand
and you definitely cannot find our products everywhere. But we
feel we provide very good prescription from professional people,”
Mr Laude told The Myanmar Times.
He says the company is confident that its sales will increase
about 20 percent in 2008 on last year.
“We understand very well of the customer’s needs
and their expectations. We work with [Myanmar] people who understand
very well the nature of the market,” said Mr Laude.