The Latin America, Middle East and Africa Cosmetics Face Serum Market would witness market growth of 7.9% CAGR during the forecast period (2022-2028).
The growing inclination towards health and wellness across geographies has also encircled the rising interest in beauty and skincare products. Demand for organic and natural products is increasing at a high rate and is gaining acceptance among consumers of cosmetic products. Consumers are now becoming significantly aware of the ingredients, effects, and knowledge of their products. Such growing awareness is leading to the market growth of the Cosmetic face serum market.
Further, the high disposable income of the population across developed and developing economies offer potential opportunities to the market participants. The key players in the cosmetic face serums market are heavily investing in research and development activities to have a cutting edge over the market competition, with product innovation utilizing sustainable organic ingredients as an essential strategy. Being a product-centric market, this market offers potential opportunities to industry stakeholders in the coming future. Heavy investments in Research & Development activities by the key players of this market are further paving the path for market growth.
UAE’s beauty and cosmetic market are expanding fast, with overall spending reaching $1.3 billion by 2017. With the increasing focus on personal grooming and looking good, the value of imports is rising. Not just vanity but massive consumerism, personal incomes, and social pressure to look good drive spending on these products. The demand for Halal cosmetics is also rising in these regions, resulting in brands' investments to incorporate halal beauty and skincare items into their portfolios. Also, with the beauty trend in men, gender-specific products are getting more attention than before. The urbanization and the creation of the halal products in this surge the growth of the cosmetic face serum market.
The Brazil market dominated the LAMEA Cosmetics Face Serum Market by Country in 2021; thereby, achieving a market value of $88.4 million by 2028. The Argentina market is showcasing a CAGR of 8.4% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 7.6% during (2022 - 2028).
Based on Gender, the market is segmented into Women, Men and Unisex. Based on Product Type, the market is segmented into Face Sunscreen Serum, Blemish Treatment Serum, Acne Treatment Serum, Face Moisturizer Serum, Eye Serum, Face Self Tanning Serum and Others. Based on Application, the market is segmented into Households, Salons, Entertainment Industry and Others. Based on Distribution Channel, the market is segmented into Hypermarkets/supermarkets, Specialty Stores, Online Retail and Others. Based on Price Point, the market is segmented into Economy, Medium and Premium. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Cosmetics Face Serum Market is Predict to reach $4.6 Billion by 2028, at a CAGR of 4.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Procter & Gamble Company, L'Oreal Group, Beiersdorf AG, Kao Corporation, Estee Lauder Companies Inc., Shiseido Company, KOSE Corporation, Coty, Inc. (JAB Cosmetics B.V.) (Philosophy, Inc.) and EMK Products, LLC.
By Gender
By Product Type
By Application
By Distribution Channel
By Price Point
By Country
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