Major countries included as a part of the analysis for SAM includes Argentina, Brazil, and the Rest of SAM. The growth of the market for cosmeceuticals in the region is attributed to the aging population, flourishing diagnostics market, and growing initiatives of the major players in the skin care industry. Latin America consumers are more connected than ever before. Social media platforms are the go-to source for discovering and learning about new cosmeceutical products. They are more engaged with hygiene and personal care than before and are aware of brands. New shopping retailers are blooming to meet consumers’ needs and desires. The convergence of physical and digital retail is also evident across the region, with e-commerce showing promising signs of growth. The market in this region is expected to grow at a CAGR of 8.2% during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the SAM cosmeceuticals market. The SAM cosmeceuticals market is expected to grow at a good CAGR during the forecast period.
SAM cosmeceuticals market is segmented into active ingredient, distribution channel, product, and country. By active ingredient, the cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. The antioxidants segment held the largest market share in 2021. The SAM cosmeceuticals market, based on distribution channel, is segmented into supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels. In 2021, the supermarket/hypermarket segment held the largest share of the market. The cosmeceuticals market, by product, is segmented into skin care, hair care, oral care, and others. The skin care segment held the largest share of the market in 2021. Based on country, the SAM cosmeceuticals market is segmented into Brazil, Argentina, and the Rest of SAM.
Allergan, Amway Corp., Avon Products Inc., BASF SE, Beiersdorf Global, Croda International Plc, Johnson & Johnson, L'Oreal, Procter & Gamble, and Unilever plc are among the leading companies in the SAM cosmeceuticals market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 6,358.80 Million |
| Market Size by 2028 | US$ 11,012.18 Million |
| CAGR (2021 - 2028) | 8.2% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Active Ingredient
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The South America Cosmeceuticals Market is valued at US$ 6,358.80 Million in 2021, it is projected to reach US$ 11,012.18 Million by 2028.
As per our report South America Cosmeceuticals Market, the market size is valued at US$ 6,358.80 Million in 2021, projecting it to reach US$ 11,012.18 Million by 2028. This translates to a CAGR of approximately 8.2% during the forecast period.
The South America Cosmeceuticals Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Cosmeceuticals Market report:
The South America Cosmeceuticals Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Cosmeceuticals Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Cosmeceuticals Market value chain can benefit from the information contained in a comprehensive market report.
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