South America Cosmeceuticals Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Active Ingredient (Antioxidants, Peptides and Proteins, Exfoliants, Retinoids, Botanicals, and Others), Distribution Channel (Supermarkets/Hypermarkets, Online Retail Stores, Convenience Stores, Specialist Stores, and Other Distribution Channels), and Product (Skin Care, Hair Care, Oral Care, and Others)

The cosmeceuticals market in SAM is expected to grow from US$ 6,358.80 million in 2021 to US$ 11,012.18 million by 2028; it is estimated to grow at a CAGR of 8.2% from 2021 to 2028.

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 Revenue and Forecast to 2028 (US$ Million)

SAM Cosmeceuticals Market Segmentation

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.

1. Allergan
2. Amway Corp.
3. Avon Products Inc.
4. BASF SE
5. Beiersdorf Global
6. Croda International Plc
7. Johnson & Johnson
8. L'Oreal
9. Procter & Gamble
10. Unilever plc

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the SAM cosmeceuticals market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in the SAM cosmeceuticals market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth SAM market trends and outlook coupled with the factors driving the cosmeceuticals market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution