Product ID: UCMIR30L2146
Report ID:
UCMIR30L2146 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
South America ranks as the fourth-largest market in the global skincare industry, with an estimated growth rate of 5.80% during the forecast period. Projections indicate that the worldwide market for skincare products is poised to increase from USD 104.24 billion in 2022 to USD 167.22 billion by 2030. Skin treatment products offer significant advantages in addressing skin issues such as rashes and scars. The South America skincare market is primarily driven by a rising awareness of the health benefits associated with personal care products, as well as the increasing demand among Brazilian and Chilean women for sun-protection and anti-aging creams and lotions, which are contributing to regional revenue growth.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Personal Products by segment aggregation, the contribution of the Personal Products in Household & Personal Products and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIR30L2146