In Mexico, the skin care powders and make-up powders market showed a notable decrease from 2013 through 2017, with values declining from $149.72 million to $123.91 million. A recovery followed, stabilizing and gradually increasing from $128.74 million in 2015 to $143.87 million in 2023. This recovery reflects a shift in the market with moderate growth post-2018.
Year-on-year variation highlights:
- 2022: 1.11%
- 2023: 1.08%
5-year CAGR:
- 2023: 1.72%
- Forecast for 2028: 0.86%
Key trends for the future include emerging focus on organic and sustainable products, increasing awareness of skincare benefits, and innovations in product formulations which are likely to drive market growth from $145.55 million in 2024 to $151.89 million in 2028.