Suncare in Mexico
Summary
Suncare in Mexico industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The suncare market consists of the retail sale of sun protection, after-sun and self-tan products. The sun protection segment consists of lotion, spray, gel or other topical product that absorbs or reflects some of the sun's ultraviolet (UV) radiation. The after-sun segment consists of all mass and premium moisturizing cream formulated for sunburned skin. The self-tan segment consists of all mass and premium products that either enhance natural tanning (tanning aids) or allow the skin to tan without developing exposure to the sun. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 exchange rates.
- The Mexican Suncare market had total revenues of $129.1 million in 2023, representing a compound annual growth rate (CAGR) of 2.5% between 2018 and 2023.
- Market consumption volumes declined with a negative CAGR of 1.1% between 2018 and 2023, to reach a total of 21.2 million units in 2023.
- The performance of the market is forecast to accelerate, with an anticipated CAGR of 4.2% for the five-year period 2023-28, which is expected to drive the market to a value of $129.1 million by the end of 2028.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the suncare market in Mexico
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the suncare market in Mexico
- Leading company profiles reveal details of key suncare market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Mexico suncare market with five year forecasts
- What was the size of the Mexico suncare market by value in 2023?
- What will be the size of the Mexico suncare market in 2028?
- What factors are affecting the strength of competition in the Mexico suncare market?
- How has the market performed over the last five years?
- Who are the top competitors in Mexico's suncare market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Market volume
- 1.4. Market volume forecast
- 1.5. Category segmentation
- 1.6. Geography segmentation
- 1.7. Market share
- 1.8. Market rivalry
- 1.9. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 3.2. Market volume
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 4.3. Market distribution
- 5 Market Outlook
- 5.1. Market value forecast
- 5.2. Market volume forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players in the Mexican suncare market?
- 7.3. Which companies have been most successful in increasing their market shares in the last 5 years (2018-23)?
- 7.4. Which companies’ market shares have suffered over the same period?
- 7.5. What are the most popular brands in the Mexico suncare market?
- 8 Company Profiles
- 8.1. Beiersdorf AG
- 8.2. Edgewell Personal Care Co
- 8.3. Vorwerk & Co KG
- 8.4. Stiefel Laboratories Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Mexico suncare market value: $ million, 2018-23
- Table 2: Mexico suncare market volume: million units, 2018-23
- Table 3: Mexico suncare market category segmentation: % share, by value, 2018-2023
- Table 4: Mexico suncare market category segmentation: $ million, 2018-2023
- Table 5: Mexico suncare market geography segmentation: $ million, 2023
- Table 6: Mexico suncare market distribution: % share, by value, 2023
- Table 7: Mexico suncare market value forecast: $ million, 2023-28
- Table 8: Mexico suncare market volume forecast: million units, 2023-28
- Table 9: Mexico suncare market share: % share, by value, 2023
- Table 10: Beiersdorf AG: key facts
- Table 11: Beiersdorf AG: Annual Financial Ratios
- Table 12: Beiersdorf AG: Key Employees
- Table 13: Edgewell Personal Care Co: key facts
- Table 14: Edgewell Personal Care Co: Annual Financial Ratios
- Table 15: Edgewell Personal Care Co: Key Employees
- Table 16: Vorwerk & Co KG: key facts
- Table 17: Vorwerk & Co KG: Key Employees
- Table 18: Stiefel Laboratories Inc: key facts
- Table 19: Stiefel Laboratories Inc: Key Employees
- Table 20: Mexico size of population (million), 2019-23
- Table 21: Mexico real gdp (constant 2010 prices, $ billion), 2019-23
- Table 22: Mexico gdp (current prices, $ billion), 2019-23
- Table 23: Mexico inflation, 2019-23
- Table 24: Mexico consumer price index (absolute), 2019-23
- Table 25: Mexico exchange rate, 2018-23
- List of Figures
- Figure 1: Mexico suncare market value: $ million, 2018-23
- Figure 2: Mexico suncare market volume: million units, 2018-23
- Figure 3: Mexico suncare market category segmentation: $ million, 2018-2023
- Figure 4: Mexico suncare market geography segmentation: % share, by value, 2023
- Figure 5: Mexico suncare market distribution: % share, by value, 2023
- Figure 6: Mexico suncare market value forecast: $ million, 2023-28
- Figure 7: Mexico suncare market volume forecast: million units, 2023-28
- Figure 8: Forces driving competition in the suncare market in Mexico, 2023
- Figure 9: Drivers of buyer power in the suncare market in Mexico, 2023
- Figure 10: Drivers of supplier power in the suncare market in Mexico, 2023
- Figure 11: Factors influencing the likelihood of new entrants in the suncare market in Mexico, 2023
- Figure 12: Factors influencing the threat of substitutes in the suncare market in Mexico, 2023
- Figure 13: Drivers of degree of rivalry in the suncare market in Mexico, 2023
- Figure 14: Mexico suncare market share: % share, by value, 2023
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