We live only to discover beauty. All else is a form of waiting – Kahlil Gibran
Mexico
Overview
- According to FocusEconomics GDP growth of 1.8% was seen in 2017 and expected to grow steadily over the next couple of years, to reach 2.3% in 2019
- Mexico’s population is concentrated within the 25-54 year age group, which represents approximately 41% of the total population
- Mexico’s three main cities account for approximately 12% of the total population
- Mexico ranks 49th out of 190 countries in the 2018 doing business report1
Source: Doing Business Report (2018)
Mexico – Cosmetics Market
Overview
- Revenue in the Cosmetics & Personal Care market is expected to be US$1,975m in 2018. The market is expected to grow annually by 2.6% (CAGR 2018-2021).
- A rising middle class is expected to drive household consumption, which has grown at an annual rate of 3.0% or above the past three years.
- Mexico is among the 10 most attractive markets in terms of absolute market value growth in the beauty and personal care segment
- The Mexican population is very young, making it a ripe opportunity for beauty companies that target the country’s millennials
