The Latin America, Middle East and Africa Luxury Bath And Body Products Market would witness market growth of 9.9% CAGR during the forecast period (2021-2027).
People with any type of the skin require hydration and moisturization at times. Body lotion becomes a necessity as people age and their skin becomes rougher and drier, helping to keep the skin healthy and appealing. Moreover, medicated bath and body products, such as metro gel for rosacea or acne medicine, are also widely available to treat specific skin conditions and concerns. Head lice can be killed using lotions, and skin lesions can be healed with lotions.
Due to a significant number of advantages that can be offered by the luxury body and bath products, the demand for them is growing higher in people of numerous age groups. These products are also increasingly being used by the geriatric population across the world as the skin of people in elderly age require more attention and care.
There is an increased sanitation awareness, and improved facilities such as fresh and clean water and inexpensive bath goods are all expected to drive the market in the regions. Cosmetics sold in the Gulf region are frequently modified to fit local customs and cultures. For example, the region's cosmetics styles frequently differ from those of the rest of the world. Tom Ford, Hugo Boss, and Versace are just a few of the high-end fashion houses that cater to local tastes with personalized, high-quality items. This method has proven particularly effective in the perfume business, with companies selling scents based on Oud (Arabic perfume). Additionally, there is a growing need for Halal cosmetics. As a result, businesses are making investments to incorporate Halal beauty and skincare products in their product offerings in order to take advantage of this opportunity.
The Brazil market dominated the LAMEA Luxury Bath And Body Products Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $432.8 Million by 2027. The Argentina market is poised to grow at a CAGR of 10.5% during (2021 - 2027). Additionally, The UAE market would exhibit a CAGR of 9.6% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Product, the market is segmented into Body Lotions & Creams, Body Oil, Body Washes, and Others. 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 Luxury Bath and Body Products Market is Predict to reach $22 Billion by 2027, at a CAGR of 7.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include The Estée Lauder Companies, Inc., Chanel S.A., Aromatherapy Associates (Walgreens Boots Alliance group), Kao Corporation, Diptyque (Manzanita Capital Ltd.), Chantecaille Beauté (Beiersdorf AG), Susanne Kaufmann Kosmetik GmbH, Bamford Ltd., ASC Regenity, Inc. (Augustinus Bader), and Tata's Natural Alchemy, LLC.
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