Mexico Beauty and Personal Care Market Trends, & Size 2031
Mexico Beauty and Personal Care Market Trends, & Size 2031
Segments - Mexico Beauty and Personal Care Market by Products (Facial Care, Lip Care, Body Care, Foot Care, and Hand Care), Types (Premium Products and Standard Products), Distribution channel (Retail Stores, Supermarkets, Convenience Stores, Drug Stores, Online Retail Channels, Spas and Beauty Clinic and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031
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| Report ID :CG-1655
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| 183 Pages
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Report Description
Mexico Beauty and Personal Care Market Outlook 2031:
The Mexico beauty and personal care market size was valued at USD 9.65 Billion in 2022 and is projected to reach USD 18.04 Billion by 2031, expanding at a CAGR of 7.2% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising disposable income, growing beauty consciousness, and changing consumer taste in fashion. Mexico is one of the largest nations in terms of economy and size in North America.
Mexican culture is described by limits of riches and poverty, with a restricted working class wedged between a tip top unit of landowners and financial backers from one perspective and masses of country and metropolitan poor on the other.
Be that as it may, disregarding the difficulties it faces as an emerging nation, Mexico is one of the chief economic and political powers in North America. It has a unique mechanical base, huge mineral assets, a wide-going help area, and the world's biggest population of Spanish speakers, more than that of Spain and Columbia.
Beauty and Personal Care Market Trends, Drivers, Restraints, and Opportunities
- Increasing urbanization, growing influence of fashion and media through various social applications and websites, and rising per capita income are major factors spurring the market expansion during the forecast period.
- Rapid growth of the beauty and cosmetic industry and growing self-consciousness among the youth of the nation is projected to drive the market growth in the coming years.
- High cost of the products and concerns regarding the harmful substances used to manufacture these beauty products are expected to hamper the market growth in the coming years.
- Lack of skilled labors, high cost of raw materials, and complex manufacturing process present as major challenges that can impede the market expansion during the forecast period.
- R&D investment and technological advancement are estimated to offer immense opportunities for the market players.
Scope of Mexico Beauty and Personal Care Market Report
The report on the Mexico beauty and personal care market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Mexico Beauty and Personal Care Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products (Facial Care, Lip Care, Body Care, Foot Care, and Hand Care), Types (Premium Products and Standard Products), Distribution channel (Retail Stores, Supermarkets, Convenience Stores, Drug Stores, Online Retail Channels, Spas and Beauty Clinic and Others) |
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Geographic Zone |
Mexico |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Avon Cosmetics, Colgate-Palmolive Company, Unilever PLC, Procter & Gamble, and L’Oréal Paris |
Mexico Beauty and Personal Care Market Segment Insights
Facial Care Segment is Anticipated to Register Robust Growth Rate
Based on products, the Mexico beauty and personal care market is segmented into Facial Care, Lip Care, Body Care, Foot Care, and Hand Care. The facial care segment is anticipated to register robust growth rate during the forecast period owing to increasing awareness and urge to have a beautiful and healthier facial appearance among the consumers.
The facial care segment comprises of face creams, sun care protection, cleansing cosmetics, and lotions. On the other hand, the body care segment is expected to witness a healthy CAGR in the coming years. The segment growth is attributed to growing concerns regarding skin diseases in the recent years owing to increasing population levels in the country.
Premium Products Segment to Exhibit high CAGR
In terms of types, the Mexico beauty and personal care market is bifurcated into premium products and standard products. The premium products segment is projected to exhibit significant CAGR during the forecast period.
The premium product is expected to witness a growth rate of 12%. The segment growth is attributed to market entry of several new brands in the recent years and the aspirational values which these premium products boast over the standard products.
Retail Stores Segment is Anticipated to Account for Large Market Share
On the basis of distribution channel, the Mexico beauty and personal care market is segregated into retail stores, supermarkets, convenience stores, drug stores, online retail channels, spas and beauty clinic and others.
The retail stores segment is expected to represent major market share of more than 35% during the forecast period. However, the online retail channels are projected to expand at a substantial growth rate in the coming years owing to shift in consumer buying experiences over the last few years.
Segments
Products
- Facial Care
- Lip Care
- Body Care
- Foot Care
- Hand Care
Types
- Premium Products
- Standard Products
Distribution channel
- Retail Stores
- Supermarkets
- Convenience Stores
- Drug Stores
- Online Retail Channels
- Spas and Beauty Clinic
- Others
Country
- Mexico
Key Players
- Avon Cosmetics
- Colgate-Palmolive Company
- Unilever PLC
- Procter & Gamble
- L’Oréal Paris
Competitive Landscape
Key players competing in the Mexico beauty and personal care market include Avon Cosmetics, Colgate-Palmolive Company, Unilever PLC, Procter & Gamble, and L’Oréal Paris.
Some of these players are adopting several market strategies including acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Beauty and Personal Care Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Beauty and Personal Care Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Beauty and Personal Care Market - Supply Chain
4.5. Global Beauty and Personal Care Market Forecast
4.5.1. Beauty and Personal Care Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Beauty and Personal Care Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Beauty and Personal Care Market Absolute $ Opportunity
5. Global Beauty and Personal Care Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Beauty and Personal Care Market Size and Volume Forecast by Types
5.3.1. Premium Products
5.3.2. Standard Products
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Beauty and Personal Care Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Beauty and Personal Care Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Beauty and Personal Care Demand Share Forecast, 2019-2026
7. North America Beauty and Personal Care Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Beauty and Personal Care Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Beauty and Personal Care Market Size and Volume Forecast by Types
7.4.1. Premium Products
7.4.2. Standard Products
7.5. Basis Point Share (BPS) Analysis by Types
7.6. Y-o-Y Growth Projections by Types
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Beauty and Personal Care Demand Share Forecast, 2019-2026
8. Latin America Beauty and Personal Care Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Beauty and Personal Care Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Beauty and Personal Care Market Size and Volume Forecast by Types
8.4.1. Premium Products
8.4.2. Standard Products
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Beauty and Personal Care Demand Share Forecast, 2019-2026
9. Europe Beauty and Personal Care Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Beauty and Personal Care Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Beauty and Personal Care Market Size and Volume Forecast by Types
9.4.1. Premium Products
9.4.2. Standard Products
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Beauty and Personal Care Demand Share Forecast, 2019-2026
10. Asia Pacific Beauty and Personal Care Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Beauty and Personal Care Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Beauty and Personal Care Market Size and Volume Forecast by Types
10.4.1. Premium Products
10.4.2. Standard Products
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Beauty and Personal Care Demand Share Forecast, 2019-2026
11. Middle East & Africa Beauty and Personal Care Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Beauty and Personal Care Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Beauty and Personal Care Market Size and Volume Forecast by Types
11.4.1. Premium Products
11.4.2. Standard Products
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Beauty and Personal Care Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Beauty and Personal Care Market: Market Share Analysis
12.2. Beauty and Personal Care Distributors and Customers
12.3. Beauty and Personal Care Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Avon Cosmetics
12.4.2. Colgate-Palmolive Company
12.4.3. Unilever PLC
12.4.4. Procter & Gamble
12.4.5. L’Oréal Paris
Methodology
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