Opportunities in the Americas Skincare Sector - Forecast to 2023: Bottle Packaging Accounted for the Largest Volume Share in 2018 at 55% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 20, 2019--
The “Opportunities in the Americas Skincare Sector: Analysis of Opportunities Offered by High-Growth Economies” report has been added to ResearchAndMarkets.com’s offering.
Opportunities in the Americas Skincare Sector brings together multiple data sources to provide a comprehensive overview of the region’s skincare sector. It includes market overview, high growth country analysis, top brands, key distribution channels, packaging formats and case studies.
The Americas skincare market was valued at US$23,889.9 million in 2018, with a share of 21.5% in the global skincare market, and is forecast to record growth at a CAGR of 2.6% over 2018-2023.
High disposable income and the desire to have flawless skin, especially among working women, will remain the primary factors driving growth in the sector. The sector is led by facial care category with sales of US$18,808.4 million in 2018 and a value share of 67.4%. The facial care category is also forecast to register the highest growth in the region at a CAGR of 2.9% and reach US$21,642 million by 2023. Facial care also leads volume sales with 2,077.1 million units and a share of 50.1% in 2018.
Canada, Chile, the US, and Mexico were shortlisted as high-potential countries, primarily due to their large skincare markets, projected high-value growth rates, and projected rising per capita value growth levels. The US was the largest market in terms of both value and volume share in 2018. The overall skincare market in the Americas is partly consolidated with the top five brands - Neutrogena, Mary Kay, Proactiv, Nivea, and Clinique - accounting for 14.6% of overall value sales in 2018. Private labels accounted for a share of 7.1% in the Americas skincare sector in the same year.
Direct sellers was the leading distribution channel in the Americas skincare market, with a value share of 18.7% in 2018, followed by hypermarkets & supermarkets with a 17.1% share in the same year. Among the high-potential countries, direct sellers accounted for 28% of the value share in Mexico in 2018, while in Chile the channel accounted for a share of 25.1%.
As for packaging formats, rigid plastics accounted for the largest volume share of pack materials in the Americas skincare market with 67.9% in 2018. It is also is expected to grow the second fastest over 2018-2023. Bottle accounted for the largest volume share of pack type in the Americas skincare market with 55% in 2018.
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Related Topics:Skin Care Products
INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
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PUB: 05/20/2019 11:24 AM/DISC: 05/20/2019 11:24 AM