The Latin America, Middle East and Africa Moisturizer Market would witness market growth of 6.8% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 27,136.52 thousand units (50 ML), showcasing a growth of 8.5% (2024-2031).
Body moisturizers are a vital segment of the moisturizer market, essential for maintaining skin hydration and health across the entire body. These products are formulated to address diverse skin needs, such as dryness, roughness, and irritation, providing long-lasting moisture and nourishment. Thus, the Saudi Arabia market would utilize 2,530.32 thousand units (50 ML) of body moisturizers by 2031.
The Brazil market dominated the LAMEA Moisturizer Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $347.5 Million by 2031. The Argentina market is showcasing a CAGR of 7.8% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 6.5% during (2024 - 2031).
Advancements in biotechnology have also played a crucial role in the evolution of moisturizers. Biotechnological innovations have led to novel ingredients that offer unique skin benefits. Peptides (short chains of amino acids) can increase skin elasticity and stimulate collagen synthesis.
Moreover, combination of hyaluronic acid and peptides composed of Neutrogena Rapid Wrinkle Repair Moisturiser delivers intense hydration and aids in the reduction of fine lines and wrinkles.
Rising disposable income and its impact on the skincare industry are emerging in this region. For instance, the economic upturn in Brazil has led to a burgeoning middle class with greater spending power. Brazilian consumers are now more likely to invest in premium skincare products, particularly those that offer anti-aging benefits and cater to the country's diverse skin types. This has provided fertile ground for international brands to expand their presence and cater to the growing demand for high-quality moisturizers.
Free Valuable Insights: The Worldwide Moisturizer Market is Projected to reach USD 15.4 Billion by 2031, at a CAGR of 5.1%
Based on Type, the market is segmented into Face Moisturizer, and Body Moisturizer. Based on Form, the market is segmented into Cream, Lotion, and Gel. Based on End-user, the market is segmented into Women, Men, and Infant & Kids. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Type (Volume, Thousand Units, USD Billion, 2020-2031)
By Form (Volume, Thousand Units, USD Billion, 2020-2031)
By End-user (Volume, Thousand Units, USD Billion, 2020-2031)
By Country (Volume, Thousand Units, USD Billion, 2020-2031)
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