Between 2012 and 2016 imports of cosmetic products for spas and beauty centers in the North American grew by 12%, surpassing $3.5 billion.
From a report by PROCOMER in Costa Rica:
Globally, the beauty and personal care industry is dominated by multinationals such as Coty Inc., Estee Lauder, L'Oreal Group, and Procter and Gamble, which are examples of companies that control the global management of major brands such as MAC makeup, Cover Girl, the Body Shop, Clarins, Clairol, among others.
In 2016 imports of makeup and skin care products grew by 7% compared to 2015, while imports of shampoo and hair preparations grew by 10% in the same period.
Hand in hand with the growth in Nicaraguan's purchasing power comes an increase in demand for luxury products and services such as haircuts and other specialized treatments in beauty salons or purchase of skin care products.
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