More beauty brands will be arriving on Australian shores soon, with Thailand forging ties with Australia that will lead to further trade and investment opportunities between the two countries.
Plans have been made for investors, including the Australian Trade and Investment Minister, to visit Thailand to explore trade opportunities, according to a report from the National News Bureau of Thailand.
Mintel has predicted the Thai beauty market will boom by the end of next year, reaching above $AUD5.6 billion dollars. “We believe that 2015 could be a watershed moment for the Thai beauty market,” says director of insight Vivienne Rudd. “It is poised to become a more powerful, competitive market. Thai ingredients are already building a following in the West.”
