Domestic cosmetics market Manturov and Alikhanov

Oct 5

The moderator recalls Manturov's earlier Sirius hand survey and asks how to increase consumption of domestic bioeconomy products. Manturov conducts another informal show of hands, claims Russian cosmetics producers have gained market share since the 2022 sanctions and acknowledges he cannot give precise growth figures. Alikhanov says domestic products exceed 80% in retail chains. Manturov refers to additional tariffs on unfriendly-country imports and their proceeds supporting Russian manufacturers. The room's hand count is not a representative consumer survey, and the source does not establish a new tariff decision on October 5.

In BIOPROM's final exchange, Manturov says domestic cosmetics producers have gained share since sanctions in 2022, while acknowledging he lacks exact growth figures. Alikhanov says domestic products exceed eighty percent in retail chains. Manturov credits additional tariffs on imports from unfriendly countries and revenue supporting manufacturers. An informal audience hand survey is not representative, and no new tariff adoption is reported that day.