Beauty & Personal Care - Mexico

Mexico

In Mexico, the revenue in the Beauty & Personal Care market is projected to reach US$9.47bn in 2024.
This market is expected to witness an annual growth rate of 2.61% (CAGR 2024-2029).
Among the various segments in this market, the largest one is Personal Care, which is estimated to have a market volume of US$4.14bn in 2024.
When compared globally, in the United States generates the highest revenue in this market, with an expected revenue of US$100bn in 2024.
In terms of per capita revenue, in Mexico is projected to generate US$73.20 per person in 2024.
Furthermore, online sales are anticipated to contribute 26.6% of the total revenue in the Beauty & Personal Care market by 2024.
Mexico's Beauty & Personal Care market is experiencing a surge in demand for natural and organic products.

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.