The economic crisis in Brazil has made other larger economies of Latin America, inclusive of Mexico, interesting investor destination. Mexico, as in the case of Latin America, has an evolved beauty and personal care market, inclusive of hair care.
UAE is a country with high GDP per capita (US$ 40,444 as of 2012), and an administration which is modern, yet has further growth to witness with regards to women at the workplace. Increasingly, as more women join the workplace, the need to look good, as well as purchase cosmetics has become important, and not just based on one’s preference.
Spain’s market for minimally invasive devices is currently estimated to be worth USD 0.258 billion for the year 2014 and is expected to reach USD 0.389 billion by the end of 2019. The CAGR during this period of the forecast is projected to be 8.55%.
Colombia is actually a market where direct selling/multi-level marketing holds sway more than store purchases. This is demonstrated by the large market share held by companies like Avon, Peru’s Belcorp, and recently, Mary Kay’s latest investment in the country, and a few other direct selling companies.
Mexico Respiratory Device market is currently estimated to be valued as $0.250 billion for the year 2014 and is expected to reach $0.437 billion by the end of 2019. The CAGR during this period of forecast is estimated to be 11.82%.
The cosmetics or beauty products industry in the world is one sector which remains impervious to the ups and downs markets. Overall sales are indeed affected in the event of an economic downturn, but one can count on sales of cosmetics to maintain a certain volume overall. This is because of continuing and growing usage of products by women, and increasingly, by men, across the world.