LATIN AMERICA COSMETICS MARKET CONTINUES TO BOOM
June 8th, 2014
Latin America's cosmetics and personal care products sector has boomed as consumers take advantage of their rising disposable incomes. The region (including Mexico) accounted for 17% of global sales in the beauty and personal care industry, according to market analysts Euromonitor International in 2013. Sales reached almost USD80 billion with 4% growth year-on-year. Over the last five years, the region has been the fastest growing regional market for beauty and personal care products around the globe, with an impressive 8.8% compound annual growth rate (CAGR). ...
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