Beauty Industry of the Republic of the Union of Myanmar continue to grow steadily with an average annual growth rate of 14 percent, representing a total market value of over 318 million US dollars, or about 11,100 million baht. Meanwhile the advertising budgets in the industry beauty increases by 77 percent per year. The section with the highest growth is hair product group at up to 97.5 percent followed by facial skin care group at 70.25 per cent, while the body care group is at 63 percent.
Minh Vi Exhibition & Advertisement Services Co., Ltd, (VEAS Co., Ltd) in conjunction with Myanmar Hair Professionals Association (MHPA) will host the MYANMAR BEAUTY CONNECT EXPO 2016, the trade show and exhibition in beauty between 20-22 May 2016 at the Rose Garden Hotel in Yangon, Myanmar in order to provide a platform for trade negotiations and the beauty industry discussion for entrepreneurs who want to expand their business to Myanmar.
Bangkok – Friday, 19 February 2016 – Ms. Daw Nan Ei Ei Zar, president of Myanmar Hair Professionals Association; Mr. Romain Marseli, Business Development Director of Minh Vi Exhibition & Advertisement Services Co., Ltd; and Dr. Surachai Liamthong Ph. D., President of Vita Stem International, Inc. U.S.A (Thailand) participated in the press conference announcing the MYANMAR BEAUTY CONNECT EXPO 2016 with over 40 leading operators from Thailand. This is a golden opportunity for investors, both Thai and international in the beauty industry of Myanmar.
Ms. Daw Nan Ei Ei Zar, president of Myanmar Hair Professionals Association said that “Currently, Myanmar is preparing for development in many areas whether it is legislation, education, economy or society to achieve sustainable growth. During the year 2009-2013, the country has enjoyed a GDP growth rate of 6 percent and is expecting to increase by 8 percent between the years 2013-2018 as the number of middle-class consumers is predicted to double in 2018. In the past, the consumer product segment grew by leaps and bounds. The food group including Instant food, baby and infant food has an average annual growth rate of 12 percent. The soft drinks and juices have an average annual growth rate of 18 per cent and are expected to grow by up to 15 and 23 percent by the year 2018. Likewise, the beauty industry has been growing steadily with an annual average growth of 14 percent, and the main consumers are the Myanmar. Nowadays, more Myanmar people focus on beauty, aging, and want to take care of themselves more, and they are also very familiar with beauty brands from overseas because many of the brands are imported from Thailand. However, outside of Myanmar consumers, there are also many more foreigners who conduct business in Myanmar who also want to use this group of products as well.”
Mr. Romain Marseli, Business Development Director of Minh Vi Exhibition & Advertisement Services Co., Ltd talked about this event that “The MYANMAR BEAUTY CONNECT EXPO 2016 is where the largest collection of products and services in beauty, cosmetics, perfumery, food and beverages supplement for beauty, hair care products, skin and body products is displayed. In terms of production, the exhibition will present the comprehensive line of raw materials, factory equipment, distributors, packaging, and machines from worldwide operators. The event will be a platform to discuss the beauty industry for operators in the Asian region. This event has received such positive responses from operators around the world. It is estimated that there will be more than 3,000 visitors and 100 exhibitors from 10 countries, including Thailand, Vietnam, India, Turkey, etc.”
Apart from the MYANMAR BEAUTY CONNECT EXPO 2016 which will be held from 20-22 May 2016 (09:00 to 17:00) at the Rose Garden Hotel (Yangon, Myanmar) is also planning to organize this event in two more countries whose beauty industries have substantially grown. The first country is Cambodia where the event will be held from 4-5 September 2016 at The Diamond Island Convention & Exhibition Center in Phnom Penh. The second country is Bangladesh where the event will be held from 18-19 October 2016 at the Pan Pacific Hotel Sonargaon in Dhaka.
For those who are interested in joining the exhibition in the BEAUTY CONNECT EXPO 2016 in Myanmar, Cambodia, and Bangladesh, please contact us at (+84-8) 3842 7755 or email us at email@example.com or visit our website http://www.beautyconnectasia.com for more information.