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Stable Growth For Singapore's Cosmetics Market In 2013–2017, Study Predicts

August 28, 2013: 12:00 AM EST
Singapore’s cosmetics market is forecast to grow at a CAGR of about 4 percent in 2013–2017, according to market research firm RNCOS. According to the company’s study “Singapore Cosmetic Market Forecast to 2017,” the country is emerging as global cosmetics companies’ favored investment destination in Southeast Asia. Singapore is also seeing growth in the men’s grooming market and online sales of cosmetics products, data from the study showed. RNCOS’ report also looked at Singapore’s regulatory framework for the cosmetics industry, including its licensing procedure for foreign-owned cosmetics companies.
"Singapore a Growing Beauty Hot Spot in Southeast Asia", GCI Magazine, August 28, 2013, © Allured Business Media
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