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Colombia Cosmetics Market Size, Share, Growth, Analysis: By Category: Hair Care, Skin and Sun Care, Makeup and Colour Cosmetics, Fragrances and Deodorants, Others; By Gender: Men, Women, Unisex; By Price Range: Mass, Premium; By Distribution Channel; Market Dynamics; Competitive Landscape; 2024-2032
Colombia Cosmetics Market Outlook
The Colombia cosmetics market size reached approximately USD 253.7 million in 2023. The market is projected to grow at a CAGR of 4.2% between 2024 and 2032, reaching a value of around USD 369.9 million by 2032.
Key Takeaways
- In 2022, Colombia became the 48th largest importer of beauty products globally, with imports totalling $185M. Beauty products also ranked as the 85th most imported product in Colombia in the same year.
- Colombia primarily sources its imports of beauty products from the US, Spain, France, China, and Brazil.
- In 2022, perfume, which is an essential segment within the cosmetics market, ranked as the 272nd highest imported commodity in Colombia.
The Colombia cosmetics market growth is driven by the rising demand for organic and nature-based cosmetics. Additionally, the integration of advanced technology in the cosmetics sector also drives the market upwards. Moreover, the higher disposable income is encouraging consumers to spend more on premium skincare items, driving the market forward. Leading companies are leveraging cutting-edge technologies like artificial intelligence and the Internet of Things to create innovative skin care products, reshaping the market. Moreover, the increasing trend of social media influencers and celebrities partnering with cosmetics brands is fuelling continuous expansion in the sector.
As per the Colombia cosmetics market analysis, the market is experiencing a positive impact due to the increasing trend of people following skin care routines and demanding natural products that are gentle on their skin. Leading cosmetics manufacturers in the country are actively focusing on producing eco-friendly skincare and beauty products for consumers. Zen Naturals, a small natural skincare company located in Cali, Colombia, specialises in developing beauty products using naturally-active ingredients obtained from the nearby Department of Cauca. Through ethical manufacturing practices and fair-trade initiatives, Zen Naturals has made significant investments in the Paez indigenous communities that grow ingredients like the quinoa used in their products.
Moreover, companies within the cosmetics sector are integrating advanced and environmentally friendly packaging solutions to appeal to consumers who prioritise sustainability. This shift towards sustainable packaging not only aligns with consumer values but also helps companies reduce their carbon footprint and overall environmental impact. By using materials such as recycled plastics, biodegradable packaging, and refillable containers, cosmetic companies are not only meeting consumer expectations but also promoting circular economy.
Market Segmentation
Colombia Cosmetics Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Category
- Hair Care
- Skin and Sun Care
- Makeup and Colour Cosmetics
- Fragrances and Deodorants
- Others
Market Breakup by Gender
- Men
- Women
- Unisex
Market Breakup by Price Range
- Mass
- Premium
Market Breakup by Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Pharmacy and Drug Stores
- Speciality Stores
- Online
- Others
Competitive Landscape
The market participants are prioritising the development of organic, vegan, and cruelty-free cosmetics to appeal to environmentally conscious consumers.
- CHANEL SA
- L’Oréal S.A.
- Shiseido Co. Ltd.
- Estee Lauder Companies Inc.
- Procter & Gamble Company
- Unilever Plc
- Natura &Co.
- Oriflame Cosmetics SA
- CETCO S.A. (Belcorp)
- O Boticário LLC
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Category |
|
| Breakup by Gender |
|
| Breakup by Price Range |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Cosmetics Market Overview
8.1 Key Industry Highlights
8.2 Latin America Cosmetics Historical Market (2018-2023)
8.3 Latin America Cosmetics Market Forecast (2024-2032)
8.4 Latin America Cosmetics Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Cosmetics Market Overview
9.1 Key Industry Highlights
9.2 Colombia Cosmetics Historical Market (2018-2023)
9.3 Colombia Cosmetics Market Forecast (2024-2032)
10 Colombia Cosmetics Market by Category
10.1 Hair Care
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Skin and Sun Care
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Makeup and Colour Cosmetics
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Fragrances and Deodorants
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Colombia Cosmetics Market by Gender
11.1 Men
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Women
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Unisex
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Colombia Cosmetics Market by Price Range
12.1 Mass
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Premium
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Colombia Cosmetics Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Pharmacy and Drug Stores
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Speciality Stores
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Online
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 3304)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 CHANEL S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 L’Oréal S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Shiseido Co. Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Estee Lauder Companies Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Procter & Gamble Company
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Unilever Plc
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Natura &Co.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Oriflame Cosmetics S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 CETCO S.A.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 O Boticário LLC
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Cosmetics Market: Key Industry Highlights, 2018 and 2032
2. Colombia Cosmetics Market: Key Industry Highlights, 2018 and 2032
3. Colombia Cosmetics Historical Market: Breakup by Category (USD Million), 2018-2023
4. Colombia Cosmetics Market Forecast: Breakup by Category (USD Million), 2024-2032
5. Colombia Cosmetics Historical Market: Breakup by Gender (USD Million), 2018-2023
6. Colombia Cosmetics Market Forecast: Breakup by Gender (USD Million), 2024-2032
7. Colombia Cosmetics Historical Market: Breakup by Price Range (USD Million), 2018-2023
8. Colombia Cosmetics Market Forecast: Breakup by Price Range (USD Million), 2024-2032
9. Colombia Cosmetics Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
10. Colombia Cosmetics Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Colombia Cosmetics Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 253.7 million.
The market is estimated to grow at a CAGR of 4.2% between 2024 and 2032.
The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 369.9 million by 2032.
The market is driven by the increasing consumer awareness regarding beauty and fashion, demand for natural cosmetic products, and the widespread adoption of online platforms.
The key trends aiding the market expansion include the increasing desire for high-end cosmetic items and the integration of cutting-edge technology.
The major genders, according to the market report, are men, women, and unisex.
The major price ranges of cosmetics in the market are mass and premium.
The major players in the market are CHANEL SA, L’Oréal S.A., Shiseido Co. Ltd., Estee Lauder Companies Inc., Procter & Gamble Company, Unilever Plc, Natura &Co., Oriflame Cosmetics SA, CETCO S.A. (Belcorp), and Boticário LLC, among others.
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