Mexico's Skincare Market Expected To Post Healthy Growth To 2017, Study Shows

Mexico’s skincare market is forecast to see strong growth up to 2017, according to market research firm Canadean. Data from the report “The Future of the Skincare Market in Mexico to 2017” showed the country’s fast recovery from the 2009 economic crisis has driven growth in the skincare sector. Volume is expected to expand with a compound annual growth rate of 4.4 percent in terms of volume and a CAGR of 4.1 percent in terms of value. Facial care products account for 55.5 percent and 55.4 percent of the market in terms of value and volume, respectively. Body care accounts for less than half of the segment; however, it is forecast to post the highest growth in the market.