Cosmetics - Mexico
Mexico- In 2024, the revenue in the Cosmetics market in Mexico is projected to reach US$1.68bn.
- According to forecasts, the market is expected to grow at an annual rate of 4.05% (CAGR 2024-2029).
- It is worth noting that in a global comparison, United States generates the highest revenue in the Cosmetics market, with an estimated figure of US$20bn in 2024.
- To put the revenue into perspective, in 2024, per person revenues in Mexico's Cosmetics market amount to US$13.00.
- This indicates the average amount of revenue generated per individual in relation to the total population figures.
- Furthermore, by 2024, approximately 75% of the sales in the Cosmetics market can be attributed to Non-Luxury.
- This signifies the proportion of sales that are generated by products that are not considered luxury items.
- Mexico's cosmetics market is witnessing a surge in demand for natural and organic products, driven by increasing consumer awareness of sustainability and environmental concerns.
- Key regions:
- Malaysia,
- Singapore,
- Worldwide,
- Indonesia,
- India
Definition:
The Cosmetics covers decorative cosmetics used for beautification and enhancing appearance. The segment includes for the face, lips, eyes, nails and natural cosmetics. Excluded are products applied to the skin for cleansing and care. Cosmetics include products such as makeup, lipsticks, mascara, and nail polishes.
Structure:
The market consists of 5 different segments:
- The Face Cosmetics cover decorative cosmetics that primarily serve as beauty products for the face including foundation makeup, concealers, face powders, BB and CC creams etc.
- The Lip Cosmetics cover decorative cosmetics that serve as beauty products for the lips including lipsticks, lipliner, and lip gloss.
- The Eyes Cosmetics covers beauty products for the eyes including mascara, eyeliner, eye shadow, and makeup for eyebrows.
- The Nails Cosmetics cover beauty products for the nails including polishes and top coats.
- The Natural Cosmetics cover beauty products for the face, eyes, and nails made completely or partially from natural ingredients and containing low or minimal amounts of synthetic chemicals.
Additional Information:
The market comprises revenue, average revenue per capita, sales channel, and luxury share. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
In-Scope
- Facial make up
- Lipsticks
- Eye make up
- Nail care & color
- Natural cosmetics
Out-Of-Scope
- Skin care
- Facial cleansing products
- Professional products & services
