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Pulished Date August, 2021
ID: 12006
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Latin America Cosmeceuticals Market Research Report – Segmented By Product Type, Distribution Channel & Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) – Industry Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 12006
Pages: 100

Latin America Cosmeceuticals Market Size (2021 to 2026)

The Latin American cosmeceuticals market is projected to grow at a healthy CAGR from 2021 to 2026.

The fascination with looking younger is increasing among the population of Latin America. As developed markets see the median age of their population increase, the market demand for cosmeceuticals is set to grow.

The increased use of products such as moisturizing creams, makeup, facial cleansers, styling products, and hair products for men and women is fueling the growth of the Latin American cosmeceuticals market. Furthermore, the increased awareness of personal appearance among people and increased disposable income are driving the industry's growth. In addition, the demand for natural and organic cosmetics complements the growth of the market.

The increased per capita income and greater purchasing power provide a lucrative market for cosmeceuticals in the Region. The market in Latin America is affected by an increase in consumer awareness of the harmful effects of traditional cosmetics and the imminent demand for better-quality products. The urban population is looking for solutions for hair and skincare according to the type and personal preference. With high disposable income and brand awareness, these consumers, due to advertisements in the media, are willing to pay for beneficial products. In addition, consumer safety concerns regarding products lead to natural plant stem cells in cosmeceuticals.

Emerging countries such as Chile and Argentina see increased sales in the cosmeceuticals category, which offers great potential for suppliers to enter the cosmeceuticals market in these countries.

However, the high presence of counterfeit/low cost or high chemical concentration products harmful for human application acts as a limiting factor for the growth of the studied market.

Impact of COVID-19 on the Latin American cosmeceuticals market:

A major problem affecting all supply chains, including natural ingredients, is that countries closed their borders during the shutdown or erected trade barriers. One of the impacts of the COVID-19 pandemic on the market for natural ingredients for cosmeceuticals is the imbalance of supply chains. As a result, producers and exporters faced strong competition to export their cosmetic products. In addition, airfreight has been drastically reduced for commercial use, as many goods are typically shipped via this mode of transportation. As a result, producers found it difficult to fulfill their orders, and operations slowed down for the Latin American cosmeceuticals market.

The research report on the Latin American cosmeceuticals market has been segmented and sub-segmented into the following categories.

By Product Type:

  • Skin Care
  • Hair Care
  • Oral Care

By Distribution Channel:

  • Supermarkets & Specialty Stores
  • Online Platform

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Geographically, the Brazilian cosmeceuticals market had the largest share in the Latin American market, followed by Mexico in 2020. Retail and online are the two main modes of selling cosmetics. The cosmeceuticals market in Brazil is projected to grow at a CAGR of 11.52% during the forecast period. Brazil's aging population is increasing, with the proportional increase in the general population, which is more likely to boost the market in the country. It is estimated that by 2050 the country could experience significant growth in the number of people over 60, covering 69 million Brazilians, which is relatively three times the current number. Additionally, the younger generations are developing a considerable interest in natural cosmetics due to the growing obsession with features like SPF, anti-aging creams, antioxidants, etc.

Product innovation by companies continued to drive cosmetics sales. Several brands in the country are mainly focusing on new formulas and new packaging for cosmetic products. In addition, R&D and advertising play an important role in the overall market for cosmetic products in Brazil. Companies invest in R&D and advertising to influence the consumer's purchasing decision. The Latin American cosmetics market is expected to experience gradual growth in the next period thanks to the growth of e-commerce portals, as well as aggressive product promotion that encourages the customer to order cosmetics for personal care, which is expected to contribute to profitable growth for the Latin American market during the forecast period.

KEY MARKET PLAYERS:

A few prominent companies dominating the Latin American cosmeceuticals market profiled in this report are L'Oreal SA, Procter & Gamble, Unilever PLC, Shiseido Co. Ltd, Revlon Inc., Groupe Clarins SA, Beiersdorf AG, and Johnson & Johnson Inc.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Cosmeceuticals Market, By Product Type
      1. Skin Care
      2. Hair Care
      3. Oral Care
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. Cosmeceuticals Market, By Distribution Channel                                          
      1. Supermarkets & Specialty Stores
      2. Online Platform
      3. Market Size Estimations & Forecasts (2021-2026)                               
      4. Y-o-Y Growth Rate Analysis                                         
      5. Market Attractiveness Index                   
  7. Geographical Landscape                                                                  
    1. Cosmeceuticals Market, by Region                                            
    2. Latin America                                                      
      1. By Country                                         
        1. Brazil                   
        2. Argentina                         
        3. Mexico                
        4. Rest of Latin America                   
  8. Key Player Analysis                                                             
    1. L'Oreal SA
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Procter & Gamble
    3. Unilever PLC
    4. Shiseido Co. Ltd
    5. Revlon Inc.
    6. Groupe Clarins SA
    7. Beiersdorf AG
    8. Johnson & Johnson Inc.
  9. Market Outlook & Investment Opportunities                                                          
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product type, and distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Latin America Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  2. Latin America Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  3. Latin America Hair Care Market, By Region, From 2021 to 2026 (USD Billion)
  4. Latin America Oral Care Market, By Region, From 2021 to 2026 (USD Billion)
  5. Latin America Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  6. Latin America Supermarkets & Specialty Stores Market, By Region, From 2021 to 2026 (USD Billion)
  7. Latin America Online Platform Market, By Region, From 2021 to 2026 (USD Billion)
  8. Brazil Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  9. Brazil Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  10. Argentina Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  11. Argentina Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  12. Mexico Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  13. Mexico Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  14. Rest of Latin America Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  15. Rest of Latin America Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)

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