Beauty & Personal Care - Chile

Chile

The revenue in the Beauty & Personal Care market in Chile is projected to reach US$3.50bn in 2024.
With an annual growth rate of 6.39% (CAGR 2024-2029), the market is expected to expand steadily.
The largest segment within the market is Personal Care, which is estimated to have a market volume of US$1.60bn in 2024.
In comparison to other countries, in the United States generates the highest revenue in this market, with an expected revenue of US$100bn in 2024.
When considering the population, the per-person revenue in Chile's Beauty & Personal Care market is projected to be US$178.00 in 2024.
This indicates the purchasing power and consumer demand within the country.
Furthermore, online sales are predicted to contribute 11.5% of the total revenue in the Beauty & Personal Care market by 2024, reflecting the growing significance of e-commerce in this sector.
The demand for organic and natural beauty products is on the rise in Chile, as consumers are increasingly prioritizing sustainable and eco-friendly options.

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.