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Brazil Cosmetics Market Report 2022-2028

The Brazil cosmetics market rapidly changing beauty standards and the desire to achieve specific looks and aesthetics through makeup along with the increasing launching of a wide range of cosmetic products that caters to the needs of a wide range of consumers...<br>

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Brazil Cosmetics Market Report 2022-2028

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  1. Brazil Cosmetics Market, By Product Type, Trend Analysis, Competitive Market Share & Forecast,2022-2028

  2. India HVAC Market- Industry Trends & Forecast Report 2028 A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Brazil cosmetics market is estimated to grow at a CAGR of 5.0% during the forecast period of 2022-2028. The growth of the Brazil cosmetics market is attributed to the changing beauty standards due to globalization and the increasing working population which is directly influencing the purchasing power of the consumers. Furthermore, increasing launches of a wide range of products that cater to the needs of different skin types, age groups, and gender demographics is also emerging as one of the major driving factors for the Brazil cosmetics market.

  3. Growth Drivers  Increasing Working-Class Population and Purchasing Power The working population in Brazil is gradually increasing over the years. According to the data released by Trading Economics, the total number of employed persons in Brazil averaged around 90.31 million from 2012 until 2021. The employment population reached an all-time high in 2019 with 94.55 million. With the increasing working population, the purchasing power of consumers is also increasing, which is prompting higher spending on cosmetic products, driving the overall market growth. ‘

  4. Restraints  Long-Term Side Effects of Regular Use of Cosmetics Most cosmetics products are used regularly. Several cosmetic products such as foundation, skincare creams, blushes, mascara, etc., are essential parts of routine makeup looks. This habit of regular makeup can negatively impact the health of the skin in the long term. Several studies have claimed that makeup products can cause inflammation, allergies, dryness, clogged pores, acne, and even early aging. Therefore, people nowadays are avoiding the regular use of makeup and shifting towards natural ingredients, which is anticipated to hinder the growth of the Brazil cosmetics market.

  5. Impact of COVID-19 The Brazil cosmetics market was negatively impacted by the unprecedented COVID-19 pandemic outbreak. As the Brazilian government was refusing to impose a lockdown, the risk of community transmission was increasing, due to which people voluntarily started quarantining themselves. As the workplaces and other public places were closing, the demand for cosmetics registered a gradual decline during this period. Furthermore, people’s inclination towards natural ingredients and products also rose during the quarantine period, which also hindered the growth of the cosmetics market in Brazil.

  6. Competitive Landscape The leading market players of the Brazil cosmetics market are Coach, LVMH, Puig, Shiseido, The Estée Lauder Companies Inc., Ralph Lauren Corporation, L’Oréal, Coty, Revlon, Avon Products Inc., and other prominent players. Sample Copy of the report: https://www.blueweaveconsulting.com/report/brazil-cosmetics-market/report-sample

  7. Recent Development In September 2021, Vinci Partners Investments Ltd., a Brazilian capital market company, announced the acquisition of Farmax, a Brazilian company operating in the cosmetics and personal care industry.

  8. Key Players Coach, LVMH, Puig, Shiseido, The Estée Lauder Companies Inc., Ralph Lauren Corporation, L’Oréal, Coty, Revlon, Avon Products Inc., and other prominent players.

  9. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  10. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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