Market by Type, Sales Channel, and Country Outlook | Forecast 2022-2028
As per Triton Market Research’s analysis, the beauty and personal care market in Latin America is estimated to advance with a CAGR of 3.36% over the forecasting period from 2022 to 2028.
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The countries scrutinized in this region
include:
• Mexico
• Brazil
• Rest of Latin America
Brazil accounted for the largest revenue share
in the beauty and personal care market in this region in 2021. The rising population, along with the changing
demographics, growing urbanization in smaller cities, more number of women
joining the workforce, etc., are expected to positively contribute to the
growth of the studied market over the forecast period.
Given the competitive environment in the Mexican market, innovation
remains a key strategy for manufacturers to differentiate themselves from their
competitors. New product development is one such strategy adopted by players,
keeping abreast of the changing trends across categories. Leading players are
also focused on mass media advertising and building a strong distribution
network.
Given the need to reduce spending on beauty and personal care in the
face of falling real wages, consumers have focused on smaller packages than
they usually buy. This trend was registered in products such as fragrances and
toothpaste, in which consumers stayed loyal to their preferred brand, but
purchased smaller sizes to reduce spending.
In order to meet the new needs of consumers, companies launched products
in smaller packages, or used more economical types of packaging. For example,
in sun care, Laboratorios Andrómaco launched containers of only 50g in rigid
plastic in 2019, while the domestic company Formulab offered the Farma Protect
brand in individual flexible plastic at an extremely economical price.
Nowadays, most consumers prefer purchasing beauty and personal care
products online. The discounts and offers provided by online stores, free
product shipping, less time consumed during shopping, and 24*7 access are
primarily driving the enhanced sales of these products via e-commerce channels.
Triton’s report assesses the market according to
sales channel and type. Here,
the sales channel segment comprises pharmacies & drugstores, beauty
specialist stores, hypermarkets & supermarkets, e-commerce, and other sales
channels.
Some notable players in the beauty and personal
care market are Natura & Co, Procter & Gamble Co, Henkel AG & Co
KGaA, Colgate-Palmolive Co, Amorepacific Corp, Arabian Oud Co, Johnson &
Johnson Inc, and Shiseido Co Ltd.
Natura & Co manufactures and markets personal care products. The
company’s product portfolio comprises skincare, makeup, body care, haircare
products, fragrances, bath products, oral hygiene products, and sun care
products.
Natura markets its products under brands like Natura Ekos, Chronos,
Natura Unica, Mamae e Bebe, Natura Diversa, Tododia, and Faces de Natura, among
others. The company directly sells its products to customers via its network in
Brazil, Peru, Chile, France, Argentina, Colombia, and Mexico. Natura has its
headquarters in Itapecerica da Serra, Brazil.
Key deliverables of the report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the beauty and personal care market revenue growth in Latin America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the Latin
America beauty and personal care market’s growth during the upcoming years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. KEY
INSIGHTS
2.1.1. CLEAN
BEAUTY – A SKINCARE REVOLUTION
2.1.2. HALAL
COSMETICS – ONE OF THE KEY TRENDS
2.2. IMPACT
OF COVID-19 ON THE BEAUTY AND PERSONAL CARE MARKET
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.4. MARKET
ATTRACTIVENESS MATRIX
2.5. INDUSTRY
COMPONENTS
2.6. VENDOR
SCORECARD
2.7. KEY
BUYING IMPACT ANALYSIS
2.7.1. BRAND
VALUE
2.7.2. PRODUCT
REVIEWS
2.7.3. COST
2.7.4. FORMULATION
2.8. KEY
MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. INVESTMENTS
& EXPANSIONS
2.8.3. PRODUCT
DEVELOPMENTS
2.8.4. CONTRACTS
& AGREEMENTS
2.9. MARKET
DRIVERS
2.9.1. DEMAND
FOR NATURAL/ORGANIC BEAUTY AND PERSONAL CARE PRODUCTS
2.9.2. IMMENSE
DEMAND FOR DAMAGE-CONTROL HAIRCARE PRODUCTS
2.9.3. ORAL
HEALTH – ONE OF THE MAJOR PUBLIC HEALTH PROBLEMS
2.10. MARKET
CHALLENGES
2.10.1. SIGNIFICANT
THREAT OF COUNTERFEIT PRODUCTS
2.10.2. HARMFUL
EFFECTS OF CERTAIN COMPOUNDS IN BEAUTY AND PERSONAL CARE PRODUCTS
2.11. MARKET
OPPORTUNITIES
2.11.1. INFLUENCE
OF E-COMMERCE CHANNELS ON SALES
2.11.2. DEMAND
FOR ANTI-AGING PRODUCTS
3. LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET OUTLOOK – BY TYPE
3.1. BABY
AND CHILD-SPECIFIC PRODUCTS
3.2. BATH
AND SHOWER PRODUCTS
3.3. COLOR
COSMETICS
3.4. FRAGRANCES
3.5. HAIR
CARE
3.6. MEN’S
GROOMING
3.7. ORAL
CARE
3.8. SKINCARE
3.9. SUN
CARE
3.10. OTHER
TYPES
4. LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET OUTLOOK – BY SALES CHANNEL
4.1. HYPERMARKETS
& SUPERMARKETS
4.2. BEAUTY
SPECIALIST STORES
4.3. PHARMACIES
& DRUGSTORES
4.4. E-COMMERCE
4.5. OTHER
SALES CHANNELS
5. LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET – COUNTRY OUTLOOK
5.1. BRAZIL
5.1.1. MARKET
SIZE & FORECAST
5.1.2. OUTLOOK
FOR BRAZIL MARKET
5.1.3. ANALYSIS OF
5.1.4. ANALYSIS OF
5.2. MEXICO
5.2.1. MARKET
SIZE & FORECAST
5.2.2. OUTLOOK
FOR MEXICO MARKET
5.2.3. ANALYSIS OF
5.2.4. ANALYSIS OF
5.3. REST
OF LATIN AMERICA
6. COMPETITIVE
LANDSCAPE
6.1. AMOREPACIFIC
CORP
6.2. ARABIAN
OUD CO
6.3. BEIERSDORF
AG
6.4. COLGATE-PALMOLIVE
CO
6.5. COTY
INC
6.6. ESTÉE
LAUDER COS
6.7. HENKEL
AG & CO KGAA
6.8. JOHNSON
& JOHNSON INC
6.9. KAO
CORP
6.10. L’ORÉAL
GROUPE
6.11. LVMH
MOËT HENNESSY LOUIS VUITTON SA
6.12. NATURA
& CO
6.13. PROCTER
& GAMBLE CO
6.14. PUIG
SL
6.15. SHISEIDO
CO LTD
6.16. UNILEVER
GROUP
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE
7.2. SOURCES
OF DATA
7.3. RESEARCH
METHODOLOGY
TABLE 1: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: MARKET
ATTRACTIVENESS MATRIX
TABLE 3: VENDOR SCORECARD
TABLE 4: KEY MARKET
STRATEGIES
TABLE 5: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 6: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY SALES CHANNEL, 2022-2028 (IN $ MILLION)
TABLE 7: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 8: TOP 5
COMPANIES IN BRAZIL, 2019-2021 (IN %)
TABLE 9: TOP 5 BRANDS
IN BRAZIL, 2019-2021 (IN %)
TABLE 10: TOP 5
COMPANIES IN MEXICO, 2019-2021 (IN %)
TABLE 11: TOP 5 BRANDS
IN MEXICO, 2019-2021 (IN %)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: INDUSTRY
COMPONENTS
FIGURE 4: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 5: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY BABY AND CHILD-SPECIFIC PRODUCTS, 2022-2028
(IN $ MILLION)
FIGURE 6: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY BATH AND SHOWER PRODUCTS, 2022-2028 (IN $
MILLION)
FIGURE 7: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY COLOR COSMETICS, 2022-2028 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY FRAGRANCES, 2022-2028 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
BEAUTY AND PERSONAL CARE MARKET, BY HAIR CARE, 2022-2028 (IN $ MILLION)
FIGURE 10: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY MEN’S GROOMING, 2022-2028 (IN $
MILLION)
FIGURE 11: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY ORAL CARE, 2022-2028 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY SKINCARE, 2022-2028 (IN $ MILLION)
FIGURE 13: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY SUN CARE, 2022-2028 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY OTHER TYPES, 2022-2028 (IN $
MILLION)
FIGURE 15: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY SALES CHANNEL, 2021 & 2028 (IN
%)
FIGURE 16: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY HYPERMARKETS & SUPERMARKETS,
2022-2028 (IN $ MILLION)
FIGURE 17: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY BEAUTY SPECIALIST STORES, 2022-2028
(IN $ MILLION)
FIGURE 18: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY PHARMACIES & DRUGSTORES,
2022-2028 (IN $ MILLION)
FIGURE 19: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY E-COMMERCE, 2022-2028 (IN $
MILLION)
FIGURE 20: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, BY OTHER SALES CHANNELS, 2022-2028 (IN
$ MILLION)
FIGURE 21: LATIN
AMERICA BEAUTY AND PERSONAL CARE MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN
%)
FIGURE 22: BRAZIL
BEAUTY AND PERSONAL CARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 23: MEXICO
BEAUTY AND PERSONAL CARE MARKET 2022-2028 (IN $ MILLION)
FIGURE 24: REST OF
LATIN AMERICA BEAUTY AND PERSONAL CARE MARKET 2022-2028 (IN $ MILLION)