Brazil cosmetic markets are expected to grow at a CAGR of 11%, with a key trend being increased product innovations, according to the Research and Markets' report. New and improved cosmetics meeting varied needs of consumers will also influence demand.
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One of the main drivers is the increasing participation of women in the workplace. These women boost disposable income of households and increase expenditure on cosmetics products.
Further, the leading vendors in the market are said to be Avon, Natura, Boticrio, P&G and Unilever, with other prominent vendors including Chanel, Coty, L'Oreal and Sephora.
For more information, visit Research and Markets (source).