Colombia Beauty And Personal Care Products Market Size (2024 - 2029)

Colombia Beauty And Personal Care Products Market Analysis

The Colombia Beauty And Personal Care Products Market size is estimated at USD 3.30 billion in 2024, and is expected to reach USD 4.32 billion by 2029, growing at a CAGR of 5.54% during the forecast period (2024-2029).

The increasing awareness of customers about their appearance is one of the major reasons driving the market’s growth. Millennials are increasingly using beauty and personal care products across Colombia's beauty and personal care products market. Customers use skincare, color cosmetics, and hair care products as part of their regular grooming routine. The introduction of cosmetics with natural, organic, and non-toxic components has also aided market expansion. The easy accessibility of these cosmetic items through various sales channels such as pharmacies, specialty stores, and beauty salons has aided the market's rise in terms of value sales. Furthermore, the growing focus of male customers on skincare and grooming to improve their physical appearance and take better care of their skin is expected to provide significant potential prospects.

As more and more women have been joining the workforce, there has been an increase in women seeking more beauty and personal care products to look well-groomed and presentable. According to the World Bank data, the labor force participation rate among females in Colombia is 51.4%. Hence, owing to the new opportunities in the market, many players have been attempting to explore Colombia’s beauty and personal care market. For instance, in November 2023, Lili Pink, a Colombian company, launched its new Beauty & Wellness category across Latin America. The product range includes more than 50 makeup and body care products, including foundations, concealers, powders, shadow palettes, blushes, contours, eyelashes, lipsticks, moisturizing creams, and splashes.

The high self-consciousness regarding physical appearance among customers and the growing awareness about the importance of personal hygiene and personal care, coupled with the increasing innovations in beauty and personal care products in the market, are anticipated to drive Colombia’s beauty and personal care products market during the forecast period.

Colombia Beauty And Personal Care Products Industry Segmentation

Beauty and personal care products include a wide range of products, including skincare products, hair care products, bath and shower products, oral care products, color cosmetics, perfumes and fragrances, and deodorants, that both men and women use to maintain their hygiene and enhance their facial and body appearance. The Colombian beauty and personal care products market is segmented by product type, category, and distribution channel. By product type, it is segmented into personal care products, cosmetic/makeup products, and fragrances. The personal care products segment is further segmented into haircare products (shampoo, conditioner, and other haircare products), skincare products (facial care products, body care products, and lip care products), bath and shower (shower gels, soaps, and other bath and shower products), oral care (toothbrush and replacements, toothpaste, and other oral care products), men's grooming products, and deodorants. The cosmetics/makeup products segment of the market includes facial cosmetics, eye cosmetics, lip and nail makeup products, and hair styling and coloring products. By category, the market is segmented into mass products and premium products. By distribution channel, the market has been segmented into specialty stores, supermarkets/hypermarkets, convenience stores, pharmacies/drug stores, online retail stores, direct selling, and other distribution channels. The market sizing has been done in value terms (USD) for all the abovementioned segments.