The Latin America, Middle East and Africa Waterless Cosmetics Market would witness market growth of 12.5% CAGR during the forecast period (2022-2028).
Waterless cosmetics businesses might see the increasing demand for new beauty trends and creative products, as well as the increased usage of natural ingredients and appealing packaging, as a chance to fuel their growth. Moreover, the entire market is being driven by increased awareness of waterless beauty products and expanding demand for luxury cosmetics goods because of rising disposable income. Cleansers, moisturizers, sheet masks, powder, sticks, shampoo, makeup, and other waterless cosmetics are among the products available from the makers.
In several product categories, utilizing natural and organic components has become a comprehensive trend. This tendency is expected to maintain in the beauty business. Consumers seek beauty products with mild and safer ingredients. It is due to the increased awareness of beauty ingredients and the effects of synthetics on skin health.
The population of Brazil is actively seeking cosmetics products that are waterless, basically environment-friendly products. A significant age group of LAMEA region is actively involved in the fashion industry and hence, such people require a regular supply of advanced quality cosmetics products. Waterless beauty products, also known as anhydrous beauty products, are expected to expand in popularity in the next years, as it is present in other countries. Factors such as rising beauty product awareness and spending, the growing importance of natural and organic beauty products, rising digital penetration, and other promotional initiatives by regional and local companies are expected to boost sales in Brazil.
The fastest-growing market in South America is because of rising consumer demand for daily grooming cosmetics in countries like Chile and Brazil. For instance, as per data given by the Brazilian Association of Personal Hygiene, Perfume, and Cosmetic Industry, cosmetic product sales in Brazil increased by 0.6 percent in value and 2.8 percent in volume in 2020 compared to 2019.
The Brazil market dominated the LAMEA Waterless Cosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $249.3 Million by 2028. The Argentina market is anticipated to grow at a CAGR of 13.1% during (2022 - 2028). Additionally, The UAE market would showcase a CAGR of 12.2% during (2022 - 2028).
Based on Product Type, the market is segmented into Skincare, Haircare, Makeup, and Others. Based on Distribution Channel, the market is segmented into Offline and Online. 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 Waterless Cosmetics Market is Predict to reach $16.4 Billion by 2028, at a CAGR of 10.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Taiki USA, True Botanicals, Carter + Jane, L'Oreal Group, The Procter and Gamble Company, Kao Corporation, Vapour Beauty, Allies Group Pte. Ltd., and Unilever PLC.
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