The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreJul 2020
US$2,650Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
COVID-19 is set to have a marked negative impact on beauty and personal care sales in the Dominican Republic in 2020. The economic effects of measures to limit the spread of the pandemic are focusing consumer spending on necessities, and, even within essential product areas, they are encouraging consumers to reduce their usage, to adopt longer replacement cycles for products such as toothbrushes and razors and blades, and to trade down to less expensive alternatives.
As of 10 May 2020, the Dominican Republic has seen around 385 deaths due to COVID-19 and 9,900 cases. Schools closed on 16 March due to COVID-19.
The Dominican Republic saw locally manufactured beauty and personal care products become increasingly capable of competing with foreign brands in terms of perceptions of quality, as well as price, at the end of the 2014-2019 review period. Indeed, Dominican brands were increasingly expanding their reach beyond their domestic market in markets such as the US, the Netherlands, Spain, Puerto Rico, Haiti, and Cuba in 2019.
Major multinational, Colgate-Palmolive, remained the largest player in beauty and personal care in the Dominican Republic in 2019, with Unilever and Johnson & Johnson also amongst the leading companies in the market. Ecuador-based direct seller, Grupo Transbel, ranked second in the market, was the strongest performer amongst the major players at the end of the review period, significantly closing the gap on the leader in 2019.
The economic impact of measures to control the spread of COVID-19 is likely to play a lasting role in the development of beauty and personal care during the forecast period. While the market is expected to return to positive growth in 2022 in 2019 constant value terms, the increase in sales will be very sluggish, as persistent consumer uncertainty and weak purchasing power undermine demand.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Beauty and Personal Care industry in Dominican Republic with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Beauty and Personal Care industry in Dominican Republic, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Dominican Republic for free (where applicable):
The Beauty and Personal Care in Dominican Republic market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our Beauty and Personal Care market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.