EXECUTIVE SUMMARY 2
MARKET OVERVIEW 7
Market definition 7
Research highlights 8
Market analysis 9
MARKET VALUE 10
MARKET VOLUME 11
MARKET SEGMENTATION I 12
MARKET SEGMENTATION II 13
MARKET SHARE 14
FIVE FORCES ANALYSIS 15
Summary 15
Buyer power 17
Supplier power 18
New entrants 19
Substitutes 20
Rivalry 21
LEADING COMPANIES 22
L'Oreal S.A. 22
Estée Lauder Companies Inc., The 27
Coty Inc 31
MARKET DISTRIBUTION 33
MARKET FORECASTS 34
Market value forecast 34
Market volume forecast 35
MACROECONOMIC INDICATORS 36
APPENDIX 38
Methodology 38
Industry associations 39
Related research 39
Disclaimer 40
ABOUT THE PUBLISHER 41
Premium Reports 41
Summary Reports 41
Our Consultancy41

LIST OF TABLES
Table 1: Spain facial care market value: $ million, 2005–09 10
Table 2: Spain facial care market volume: million units, 2005–09 11
Table 3: Spain facial care market segmentation I:% share, by value, 2009 12
Table 4: Spain facial care market segmentation II: % share, by value, 2009 13
Table 5: Spain facial care market share: % share, by value, 2009 14
Table 6: L'Oreal S.A.: key facts 22
Table 7: L'Oreal S.A.: key financials ($) 24
Table 8: L'Oreal S.A.: key financials (€) 25
Table 9: L'Oreal S.A.: key financial ratios 25
Table 10: Estée Lauder Companies Inc., The: key facts 27
Table 11: Estée Lauder Companies Inc., The: key financials ($) 29
Table 12: Estée Lauder Companies Inc., The: key financial ratios 29
Table 13: Coty Inc: key facts 31
Table 14: Spain facial care market distribution: % share, by value, 2009 33
Table 15: Spain facial care market value forecast: $ million, 2009–14 34
Table 16: Spain facial care market volume forecast: million units, 2009–14 35
Table 17: Spain size of population (million), 2005–09 36
Table 18: Spain gdp (constant 2000 prices, $ billion), 2005–09 36
Table 19: Spain gdp (current prices, $ billion), 2005–09 36
Table 20: Spain inflation, 2005–09 37
Table 21: Spain consumer price index (absolute), 2005–09 37
Table 22: Spain exchange rate, 2005–09 37

LIST OF FIGURES
Figure 1: Spain facial care market value: $ million, 2005–09 10
Figure 2: Spain facial care market volume: million units, 2005–09 11
Figure 3: Spain facial care market segmentation I:% share, by value, 2009 12
Figure 4: Spain facial care market segmentation II: % share, by value, 2009 13
Figure 5: Spain facial care market share: % share, by value, 2009 14
Figure 6: Forces driving competition in the facial care market in Spain, 2009 15
Figure 7: Drivers of buyer power in the facial care market in Spain, 2009 17
Figure 8: Drivers of supplier power in the facial care market in Spain, 2009 18
Figure 9: Factors influencing the likelihood of new entrants in the facial care market in Spain, 2009 19
Figure 10: Factors influencing the threat of substitutes in the facial care market in Spain, 2009 20
Figure 11: Drivers of degree of rivalry in the facial care market in Spain, 2009 21
Figure 12: L'Oreal S.A.: revenues & profitability 26
Figure 13: L'Oreal S.A.: assets & liabilities 26
Figure 14: Estée Lauder Companies Inc., The: revenues & profitability 30
Figure 15: Estée Lauder Companies Inc., The: assets & liabilities 30
Figure 16: Spain facial care market distribution: % share, by value, 2009 33
Figure 17: Spain facial care market value forecast: $ million, 2009–14 34
Figure 18: Spain facial care market volume forecast: million units, 2009–14 35