The Latin America, Middle East and Africa Sensitive Skin Care Products Market would witness market growth of 12.0% CAGR during the forecast period (2023-2030).
Face moisturizers and creams have grown increasingly popular in the region as individuals become more sensitive to their physical appearance and more concerned regarding skin conditions and skin cancer. In addition, as more people choose cruelty-free goods as a result of their growing concern for animal welfare and the environment, there is a growing market for items that are vegan or contain a majority of plant-based components.
Because it provides advantages like doorstep delivery, simple payment options, steep discounts, and the accessibility of a wide variety of products on a single platform, the internet distribution channel has dramatically altered peoples' purchasing patterns. Due to the growing internet penetration and increased tendency of mobile shopping amongst customers, major market participants are progressively opening e-commerce websites in sizable lucrative regions.
Cosmetics and beauty goods are one of the most active and rapidly expanding sectors in South America. Most regional women are aware of what is considered physically attractive according to culture. Brazil, Chile, and Colombia are the region's top three cosmetics markets. In Latin America, there is a very high level of consumer interest in cosmetics and personal care products. Their brand loyalty is strong, and they are more interested than ever in personal care and cosmetics. The most reliable source of information about cosmetics & personal care items is social media.
In the Middle East, purchasing cosmetics is common. Grooming and care are highly valued in this society. Arab women's perceptions of their beauty routines have changed due to the region having among the world's highest per capita beauty expenditure rates. The trend is mainly influenced by teens' growing desire for skincare, sizable purchasing power, and expanded distribution options. Internet users are currently the biggest consumers in the region. Influencers on social media have been more common in recent years, posting about their beauty regimens and gear more frequently. The growing beauty, cosmetic, and personal care sectors are expected to drive growth in the market in the LAMEA region.
The Brazil market dominated the LAMEA Sensitive Skin Care Products Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,417.4 million by 2030. The Argentina market is poised to grow at a CAGR of 12.7% during (2023 - 2030). Additionally, The UAE market is expected would display a CAGR of 11.7% during (2023 - 2030).
Based on Gender, the market is segmented into Female, and Male. Based on Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Pharmacy & Drugstores, Online, and Others. Based on Product, the market is segmented into Face Care (Face Creams & Moisturizers, Cleansers & Face Wash, Serums and Essence, Sunscreen, and Others), Body Care (Body Creams & Moisturizers, Body Wash, and Others), and Lip Care (Lip Balms, Lip Scrub, and Others). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Sensitive Skin Care Products Market is Projected to reach USD 80.1 Billion by 2030, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oréal S.A., Johnson & Johnson, Unilever PLC, Beiersdorf AG, The Estee Lauder Companies, Inc., The Procter and Gamble Company, Amorepacific Corporation, Kao Corporation, Pevonia International LLC, and Sebapharma GmbH & Co. KG.
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