Argentina Beauty And Personal Care Products Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 5.32 Billion |
| Market Size (2029) | USD 6.88 Billion |
| CAGR (2024 - 2029) | 5.26 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Argentina Beauty And Personal Care Products Market Analysis
The Argentina Beauty And Personal Care Products Market size is estimated at USD 5.32 billion in 2024, and is expected to reach USD 6.88 billion by 2029, growing at a CAGR of 5.26% during the forecast period (2024-2029).
Across the nation, customers are increasingly seeking value-for-money products that are natural, skin-beneficial, and offer a range of advantages, such as anti-aging, whitening, and moisturizing, typically associated with high-priced premium items, but at a more affordable cost. With the younger generation placing greater emphasis on aesthetics, the market for color cosmetics is witnessing a notable uptick. This surge is further fueled by a heightened awareness of personal appearance and an aspiration for an enhanced quality of life. In response to this trend, companies are increasingly venturing into organic color cosmetics, catering to the growing demand from diverse societal segments.
Moreover, significant investments in advertising and marketing, especially through social media promotions and celebrity endorsements, have bolstered the visibility and brand recognition of beauty and personal care products. In the near future, as consumers show heightened interest in cruelty-free (no animal testing) and vegan (entirely free of animal ingredients) products, research experts anticipate a boost in sales for the organic and natural personal care segment. For instance, Gucci's nail polishes include red algae extract and vitamin E. They are vegan, free of parabens, formaldehyde, and triclosan, are plant-based, have a minimal odor, and are resistant to chipping. Nonetheless, the market faces challenges, notably from the prevalence of counterfeit and low-cost products, as well as items with harmful chemical concentrations, which can be detrimental to consumers.
Argentina Beauty And Personal Care Products Market Trends
Increase in Consumer Demand for Personal Care Products in Grooming Routines
In Argentina, personal grooming and aesthetics hold deep cultural significance. The market is currently experiencing a notable uptick in demand for natural and organic products. Consumers are actively pursuing items free from harsh chemicals and additives, steering the market towards eco-friendly and sustainable options. As urban living becomes more prevalent, the demand for personal grooming products surges. With heightened awareness of how environmental factors like pollution and UV exposure affect skin health, Argentine consumers are gravitating toward products that promise protection and repair. As consumers increasingly prioritize sustainability, brands that align with these values are gaining prominence. This trend extends to a heightened emphasis on eco-friendly packaging, with brands increasingly opting for recyclable, biodegradable, or reusable materials to mitigate environmental impact.
Moreover, Argentine consumers are also becoming more attuned to global beauty and personal care trends. Influenced by social media, marketing, and travel, they are increasingly receptive to international products, a sentiment bolstered by the entry of global brands into the Argentine market. The allure of global beauty standards and the desire to remain trendy drive Argentine consumers to seek out products that align with contemporary lifestyles. Furthermore, in Argentina's shower gel market, there's a growing trend towards utilizing local botanical ingredients. This shift is fueled by consumers' increasing preference for natural and eco-friendly components that resonate with their values of wellness and sustainability. By integrating local botanicals, brands cater to consumers' desires for authenticity and a connection to local heritage while promoting natural skincare solutions. This approach nurtures cultural pride and bolsters local economies. Major brands such as Dove, Lux, Nivea, and Rexona offer a diverse range of shower gels, many infused with local fragrances.
Health And Beauty Specialists Are Preferred Distribution Channel
Health and beauty specialist stores, including drugstores and pharmacies, are increasingly becoming the favored choice for consumers due to their competitive pricing and widespread availability. These stores provide personalized services, tailored approaches, and a diverse range of specific products catering to individual consumer needs. This results in enhanced visibility, an extensive product selection, and up-to-date product offerings, compelling consumers to make purchases. Besides, beauty specialty stores employ expert staff to provide personalized guidance on product benefits tailored to individual skin types, actively soliciting and addressing consumer feedback and inquiries. These factors significantly enhance the appeal of specialist retailers for the sale of beauty and personal care items.
Moreover, several health stores are leveraging strategies to improve their inventory management processes and enhance customer service levels. By partnering with supply chain software providers, these businesses aim to optimize product stock levels to ensure the availability of a wide range of personal care products to meet the diverse needs of their customers. For instance, in January 2023, Farmacity, a leading pharmacy chain in Argentina, partnered with Slimstock, a supply chain software provider, to enhance its inventory management processes. By leveraging Slimstock's solutions, Farmacity aims to optimize its supply chain operations, improve product availability, and enhance customer service levels.
Argentina Beauty And Personal Care Products Industry Overview
The Argentina beauty and personal care products market is competitive. Major players are vying for market share and leadership through diverse strategies. These include product innovations, partnerships, expansions, mergers, and acquisitions. Additionally, they are bolstering their online presence and marketing strategies, often collaborating with e-retail giants like Amazon. Key players in the beauty and personal care landscape include Natura &Co Holding S.A., Beiersdorf AG, L'Oreal SA, Procter & Gamble, and Unilever PLC, among others. Presently, companies are increasingly focusing on launching products with natural ingredients and eco-friendly packaging to capture the attention of consumers. Furthermore, these leading companies are enhancing their competitive edge by channeling investments into the development of more effective products. Their expansive product portfolio in the beauty and personal care market encompasses toners, cleansers, shampoos, conditioners, moisturizers, and eye care products.
Argentina Beauty And Personal Care Products Market Leaders
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L'Oreal S.A.
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The Procter & Gamble Company
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Unilever PLC
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Beiersdorf AG
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Natura & Co Holding S.A.
*Disclaimer: Major Players sorted in no particular order
Argentina Beauty And Personal Care Products Market News
- July 2024: TRESemme unveiled Lamellar Shine, a comprehensive collection designed to wash, treat, and style hair of every texture. This new hair care line is accessible in the United Kingdom, Argentina, Mexico, and Brazil.
- June 2024: Loreal introduced technological innovations, such as sophisticated skin testing and generative AI, capable of mimicking the skin's natural tanning and healing processes.
- April 2024: Loreal Professionnel launched the Absolut Repair Molecular range, which repairs inner hair damage at the molecular structure level by injecting amino acids and peptide bonders into the hair. This helps restore the hair’s elasticity, strength, and natural movement.
Argentina Beauty & Personal Care Products Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Influence of Social Media and Impact of Digital Technology on Consumer Buying Behavior
4.1.2 Inclination Toward Natural/Organic formulations
4.2 Market Restraints
4.2.1 Availability of Counterfeit Products
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Personal Care Products
5.1.1.1 Hair Care Products
5.1.1.1.1 Shampoo
5.1.1.1.2 Conditioners
5.1.1.1.3 Hair Styling and Coloring Products
5.1.1.1.4 Other Hair Care Products
5.1.1.2 Skin Care Products
5.1.1.2.1 Facial Care Products
5.1.1.2.2 Body Care Products
5.1.1.2.3 Lip Care Products
5.1.1.3 Bath and Shower
5.1.1.3.1 Shower Gels
5.1.1.3.2 Soaps
5.1.1.3.3 Other Bath and Shower Products
5.1.1.4 Oral Care
5.1.1.4.1 Toothbrushes and Replacements
5.1.1.4.2 Toothpaste
5.1.1.4.3 Mouthwashes and Rinses
5.1.1.4.4 Other Oral Care Products
5.1.1.5 Perfumes and Fragrances
5.1.1.6 Deodorants and Antiperspirants
5.1.2 Cosmetics/Make-up Products
5.1.2.1 Facial Cosmetics
5.1.2.2 Eye Cosmetic Products
5.1.2.3 Lip and Nail Make-up Products
5.2 Category
5.2.1 Mass
5.2.2 Premium
5.3 Distribution Channel
5.3.1 Supermarkets/Hypermarkets
5.3.2 Heath and Beauty Specialist
5.3.3 Direct Selling
5.3.4 Online Retail Channels
5.3.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Strategies Adopted by Leading Players
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 L'Oreal SA
6.3.2 The Procter & Gamble Company
6.3.3 Beiersdorf AG
6.3.4 Unilever PLC
6.3.5 Mary Kay Inc.
6.3.6 Natura & Co Holding SA
6.3.7 Colgate-Palmolive Company
6.3.8 Laboratorios Andrómaco S.A.I.C.I.
6.3.9 LVMH Moet Hennessy Louis Vuitton
6.3.10 Naturel SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Argentina Beauty And Personal Care Products Industry Segmentation
Beauty and personal care products encompass items applied to the body's external areas, including skin, nails, hair, lips, and external genital organs, to safeguard against germs and uphold their health. Beauty and personal care products are consumer products for cosmetic purposes and personal grooming.
The Argentina beauty and personal care products market is segmented by product type, category, and distribution channel. Based on product type, the market is segmented into personal care products and cosmetics/make-up products. The personal care products segment is further bifurcated into haircare products, skincare products, bath and shower, oral care, perfumes and fragrances, and deodorants and antiperspirants. Similarly, cosmetics/make-up products are further bifurcated into facial cosmetics, eye cosmetics products, and lip and nail make-up products. Based on category, the market is segmented into mass and premium. Based on distribution channels, the market is segmented into supermarkets/hypermarkets, health and beauty specialists, direct selling, online retail channels, and other distribution channels. The market sizing has been done in value terms in USD for all the abovementioned segments.
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| Heath and Beauty Specialist | |
| Direct Selling | |
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| Other Distribution Channels |
Argentina Beauty & Personal Care Products Market Research FAQs
How big is the Argentina Beauty And Personal Care Products Market?
The Argentina Beauty And Personal Care Products Market size is expected to reach USD 5.32 billion in 2024 and grow at a CAGR of 5.26% to reach USD 6.88 billion by 2029.
What is the current Argentina Beauty And Personal Care Products Market size?
In 2024, the Argentina Beauty And Personal Care Products Market size is expected to reach USD 5.32 billion.
Who are the key players in Argentina Beauty And Personal Care Products Market?
L'Oreal S.A., The Procter & Gamble Company, Unilever PLC, Beiersdorf AG and Natura & Co Holding S.A. are the major companies operating in the Argentina Beauty And Personal Care Products Market.
What years does this Argentina Beauty And Personal Care Products Market cover, and what was the market size in 2023?
In 2023, the Argentina Beauty And Personal Care Products Market size was estimated at USD 5.04 billion. The report covers the Argentina Beauty And Personal Care Products Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Argentina Beauty And Personal Care Products Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Argentina Beauty and Personal Care Products Industry Report
Statistics for the 2024 Argentina Beauty And Personal Care Products market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Argentina Beauty And Personal Care Products analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
