Latest Development (2022) in Latin America Personal care and cosmetics Market

Increasing advancement in technology coupled with increasing regulation by the government regarding clinical testing is driving the Latin America Personal care and cosmetics market. Increasing penetration towards physical appearance coupled with rising consciousness regarding skin color is driving the development of the market. Moreover, the rising introduction of organic and cruelty-free products is driving the Latin America Personal care and cosmetics market share. The surging number of specialty and departmental stores coupled with the expansion of beauty salons is adding to the development of the industry.

Latin America personal care and cosmetics market Synopsis

Latin America personal care and cosmetics market report thoroughly covers the market by products, gender, distribution channels, and key countries including Brazil, Mexico, Argentina, and the Rest of Latin America. The personal care and cosmetics market outlook report provides an unbiased and detailed analysis of the ongoing Latin America personal care and cosmetics market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latin America personal care and cosmetics market is expected to gain momentum during the upcoming years owing to the growing demand for anti-aging products, innovative and eco-friendly packaging designs, and the growth of the e-commerce channels for promoting sales. Whereas, high manufacturing and marketing costs, rapid innovations, and easy availability of duplicate products would become a barrier to market growth.

According to 6Wresearch, Latin America Personal Care And Cosmetics Market size is projected to grow during 2019-2025. The rising level of pollution coupled with deteriorating skin is driving the demand for personal care and cosmetics products. Moreover, the rising demand for convenient and travel-friendly products owing to surging disposable income and enhanced standard of living is driving the Latin America Personal care and cosmetics market growth. Increasing penetration towards the usage of natural products owing to the skin benefits associated with it is proliferating the development of the industry. However, increasing awareness regarding the adverse effects of chemical-based products is restraining the growth of the market.

Latin America has both Personal Care and Cosmetics Market innovation and growth scope. There are sixth annual cosmetics in the country. Latin America is growing and development takes place in the cosmetics and personal hygiene market. According to the consumer interest in personal care products and cosmetics, the market growth is based on the demand for the product in the Latin American market.

Latin America personal care & cosmetic market is projected to witness progressive growth in the coming timeframe on the back of rising e-commerce portals coupled with the aggressive promotion of products encouraging the customer to order cosmetic products for self-care which is expected to contribute to generating profitable growth for the Latin-America personal care & cosmetics market throughout the forecast period.  Moreover, the rising growth of the hospitality sector such as hotels, bars, and cafes which tremendously required groomed staff on their premises in order to maintain professionalism and is expected to foster the deployment of cosmetics and would benefit Latin America personal care & cosmetics market to garner the potential growth in the coming years.  

Market Analysis By Country

Brazil is the leading revenue-generating country in the personal care and cosmetics market due to the growing penetration of luxury brands such as L’Oreal, Aveda, The Body Shop, and Estée Lauder in the market. Additionally, stringent regulations imposed by the government to introduce organic products over chemical products would further accelerate market growth.

Market Analysis By-products

Skincare products dominate the personal care and cosmetic market owing to the increased demand for natural products, rising emphasis on personal health, and the need to retain a youthful appearance. The e-commerce platform enables the customers to choose from a wide variety of products, offers heavy discounts and better prices, and provides products at the doorsteps, due to which the e-commerce distribution channel is gaining popularity.

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019
• Forecast Data until 2025.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Latin America Personal Care and Cosmetics Market Overview
• Latin America Personal Care and Cosmetics Market Outlook
• Latin America Personal Care and Cosmetics Market Forecast
• Historical Data of Latin America Personal Care and Cosmetics Market Revenues for the Period 2015-2018
• Latin America Personal Care and Cosmetics Market Size and Forecast of Revenues, Until 2025
• Historical Data of Latin America Personal Care and Cosmetics Market Revenues, by Products, for the Period 2015-2018
• Market Size & Forecast of Latin America Personal Care and Cosmetics Market Revenues, by Products, until 2025
• Historical Data of Latin America Personal Care and Cosmetics Market Revenues, by Gender, for the Period 2015-2018
• Market Size & Forecast of Latin America Personal Care and Cosmetics Market Revenues, by Gender, until 2025
• Historical Data of Latin America Personal Care and Cosmetics Market Revenues, by Distribution Channels, for the Period 2015-2018
• Market Size & Forecast of Latin America Personal Care and Cosmetics Market Revenues, by Distribution Channels, until 2025
• Historical Data of Mexico Personal Care and Cosmetics Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Mexico Personal Care and Cosmetics Market Revenues, Until 2025
• Historical Data of Brazil Personal Care and Cosmetics Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Brazil Personal Care and Cosmetics Market Revenues, Until 2025
• Historical Data of Argentina Personal Care and Cosmetics Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Argentina Personal Care and Cosmetics Market Revenues, Until 2025
• Market Drivers and Restraints
• Latin America Personal Care and Cosmetics Market Trends
• Market Opportunity Assessment
• Latin America Personal Care and Cosmetics Market Share, By Countries
• Latin America Personal Care and Cosmetics Market Share, By Players
• Latin America Personal Care and Cosmetics Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Latin America personal care and cosmetics market report provides a detailed analysis of the following market segments:

By-Products:

• Personal Care Products:
• Hair Care Products
• Skin Care Products
• Bath and Shower
• Oral Care
• Men’s Grooming Products
• Others
• Cosmetics/Make-Up Products:
• Facial Cosmetics
• Eye Cosmetic Products
• Lip and Nail Make-Up Products
• Hair Styling and Coloring Products
• Others

By Gender:

• Men
• Women

By Distribution Channels:

• Direct Selling
• Hypermarkets & Retail Chain
• E-Commerce
• Specialty Stores
• Others

By Countries:

• Mexico
• Brazil
• Argentina
• Rest of Latin America

Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on products is expected to dominate the Latin America Personal Care and Cosmetics Market growth?

Skincare products dominate the personal care and cosmetic market owing to the increased demand for natural products.

2). Which country is the leading revenue generating in the overall Latin America Personal care and cosmetic market?

Brazil is the leading revenue-generating country in the personal care and cosmetics market.

3). Which factor is restraining the growth of the market?

Increasing awareness regarding the adverse effects of chemical-based products is restraining the growth of the market. 

4). What is the study period of this report?

The study period of this report is 2019-2025.