The value of the Thailand skincare market is suggested to have reached over THB 15 billion at the beginning of 2007, and is estimated to have hit over THB 17.5 billion by the end of 2012. By 2017 it is forecast that the value of the Thailand skincare industry will reach over THB 20 billion.
Driven by a growing economy and increased consumer spending, the Thailand skincare market is suggested to have grown at a CAGR of around 2.75% between 2007 and 2012. It is predicted that between the forecast period years of 2012-2017 the skincare industry will reach CAGR growth of 3%.
In terms of categories, 'Facial Care' is by far the largest sector, with 'Body Care' the second largest category. Despite this, the fastest growing sector in skincare in Thailand is 'Depilatories', which is forecast to grow at over 4% CAGR between 2013 and 2017.
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