MEXICO IS STRONG MATURE MARKET FOR PERSONAL CARE PRODUCT SECTOR
March 8th, 2015
MEXICO represents a powerful investment opportunity as the second largest consumer of ‘beauty and personal care products’ (BCP) in Latin America, after Brazil. While a relatively mature BCP market makes growth a creative challenge, the country is increasingly popular as a location for BCP production facilities.Despite a significant decline in this market between 2008 and 2009 (from USD8.96 billion to USD7.88 billion retail value RSP (retail selling price), growth from 2008 to 2013 was 20.7%, with an historic compound annual growth rate (CAGR) of 3.8%, ...
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