Beauty supplement boom getting quieter, EIC warns

[webfact]

Beauty supplement boom getting quieter, EIC warns
By   THE NATION

 

BANGKOK: -- AFTER FIVE years of outstanding growth, the beauty-supplements market is showings signs of a slowdown, according to a survey by the Economic Intelligence Centre of Siam Commercial Bank.

 

The EIC said the Thai beauty-supplements market now was worth about Bt14 billion, or 21 per cent of the total dietary-supplements market consisting of health and medicinal, beauty, and performance-enhancing supplements. 

The past five years saw impressive growth in the beauty-supplements sector, with a compound annual growth rate of 12 per cent between 2011 and 2015. Top sellers include supplements for skincare and for weight loss. However, in 2016 and 2017, the market’s annual growth rate is expected to drop to 8-9 per cent, and it is likely to decline further.

 

Full story: http://www.nationmultimedia.com/news/business/etc/30298531

 

-- © Copyright The Nation 2016-10-28

[maoro2013]

Who, exactly, are they warning? Certainly not the general public.

[Bluespunk]

3 hours ago, webfact said:

However, in 2016 and 2017, the market’s annual growth rate is expected to drop to 8-9 per cent, and it is likely to decline further.

Good. 

[AlQaholic]

Now everyone has tried the whitening cream and it didn't work.....so naturally they stopped buying it......