The Latin America, Middle East and Africa Sustainable Personal Care Market would witness market growth of 12.1% CAGR during the forecast period (2022-2028).
With growing interest in sustainability, issues including health, environmental degradation, and product influence on the environment have become a driving force for the market. Environmentally friendly packaging, healthful and natural formulas, and waste management are all aspects of sustainable beauty. Sustainable luxury in cosmetic packaging has emerged as a major boosting factor in the skincare industries and product manufacturing, where packaging continues to evolve based on customer-driven choices with innovation in the areas of cruelty-free, vegan, and plant-based compositions and packaging using materials like corn starch, seaweed, and bamboo for attractive packaging of products. Non-edible by-products of food and fruit waste, such as fruit as well as vegetable peels, seeds, and leaves, are also being used to reduce waste. Sustainable personal care entails putting out significant effort in one area without abandoning other aspects of the life. Self-care activities enrich the life of a consumer on a daily basis and provide long-term benefits to them as well as their environment.
Individuals' robust demand for maintaining a young appearance has been a primary driver of the South African personal care sector. Anti-aging products are in high demand in the country as a result of this trend. Natural cosmetics, as well as anti-aging products, account for a considerable proportion of all makeup products purchased in South Africa. In addition, the awareness of the benefits of sustainable personal care products is another major factor that is increasing the demand for these products. The demand for personal care products along with the rising concerns about the environment would offer various major growth prospects to the existing as well as new market players in the region.
Moreover, the disposable income of the regional population is increasing at a fast rate. Due to this, regional people are becoming more capable of purchasing new, innovative, and expensive personal care products. Hence, the rising demand for personal care in combination with increasing disposable income and surging environmental concerns would expedite the growth of the regional sustainable personal care market.
The Brazil market dominated the LAMEA Sustainable Personal Care Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,940 million by 2028. The Argentina market is experiencing a CAGR of 12.7% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 11.8% during (2022 - 2028).
Based on Nature, the market is segmented into Organic and Natural & Green. Based on Sales Channel, the market is segmented into Hypermarkets & Supermarkets, Online Retail, Specialty Stores, and Others. Based on Type, the market is segmented into Skin Care, Hair Care, Oral Care, Hygiene Products, 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 Global Sustainable Personal Care Market is Predict to reach $93.8 Billion by 2028, at a CAGR of 9.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oreal Group, Johnson & Johnson, The Procter and Gamble Company, Unilever PLC, Kao Corporation, The Colgate-Palmolive Company, Estee Lauder Companies, Inc., Coty, Inc., L'OCCITANE Group, and Weleda AG.
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