The Latin America, Middle East and Africa Sun Care Cosmetics Market would witness market growth of 9.2% CAGR during the forecast period (2022-2028).
Consumers, particularly women in cities, have learned the importance of using sunscreen. The introduction of innovative, multipurpose sun care products will be a major driving force in the market. These days, urban consumers, mostly millennials and Gen Z, are very interested in cosmetic products with sun protection factor (SPF).
Due to the population's hectic schedules and busy lifestyles, there is a growth in the recreation trend, which encourages participation in outdoor sports and leisure activities. Due to the potential for unusual or excessive sun exposure to result in both short-term and long-term skin issues, demand for sun protection solutions has surged. Physical exertion, exposure to the sun's rays, and fluctuations in the weather are requirements of outdoor leisure activities. As a result, the market for sun care cosmetics is expanding due to the need for sun care.
Brazil’s population is aggressively looking for cosmetics—basically, environmentally friendly items. A sizable age group in the LAMEA region is actively engaged in the fashion business; as a result, these individuals require a consistent supply of high-quality cosmetics items. Sales in Brazil are anticipated to increase due to factors such as increased consumer awareness and spending on beauty goods, expanding relevance of natural and organic beauty products, rising digital penetration, and other promotional efforts by regional and local businesses. Due to increased consumer demand for daily grooming products in nations like Chile and Brazil, South America has one of the fastest-growing cosmetics markets.
The Brazil market dominated the LAMEA Sun Care Cosmetics Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $257.1 Million by 2028. The Argentina market is estimated to grow a CAGR of 9.8% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 8.9% during (2022 - 2028).
Based on Type, the market is segmented into Conventional and Organic. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Specialty Stores, Online, and Others. Based on Product, the market is segmented into SPF Foundation, SPF BB Creams, SPF Primers, SPF Lotion, SPF Sunscreen, Tinted Moisturizers, SPF Primers, 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 Worldwide Sun Care Cosmetics Market is Projected to reach USD 13.5 Billion by 2028, at a CAGR of 8.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include L'Oreal Group, Shiseido Company, Limited, Beiersdorf AG, Unilever PLC, Estee Lauder Companies, Inc., Johnson & Johnson, Burt's Bees, Inc. (The Clorox Company), Coty, Inc., NAOS, and Clarins Group SA
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