In 2023, the beauty and personal care market in Peru registered a revenue of *** billion Peruvian soles, an increase of over nine percent compared to the previous year.

The Peru cosmetics market was valued at USD 389.93 Million in 2024. The industry is expected to grow at a CAGR of 7.30% during the forecast period of 2025-2034. The market growth is driven by an increased consumer interest in skincare and wellness, boosting demand for various skincare products like anti-aging creams, serums, and natural remedies. In turn, all these factors have resulted in the market attaining a valuation of USD 788.83 Million by 2034.

In 2024, after three years of growth, there was significant decline in the Peruvian cosmetics market, when its value decreased by -10.2% to $155M. In general, consumption, however, posted a remarkable increase. Over the period under review, the market reached the maximum level at $172M in 2023, and then reduced in the following year.

Comprehensive dataset of 55 Cosmetics industries in Peru as of July, 2025. Includes verified contact information (email, phone), geocoded addresses, customer ratings, reviews, business categories, and operational details. Perfect for market research, lead generation, competitive analysis, and business intelligence. Download a complimentary sample to evaluate data quality and completeness.

In 2022, the make-up market in Peru generated over *********** Peruvian soles, up from *********** Peruvian soles recorded a year earlier.

In 2017, the amount of brushes for the application of cosmetics imported into Peru totaled X units, surging by X% against the previous year. Overall, the total imports indicated a strong increase from 2007 to 2017: its volume increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the imports of brushes for the application of cosmetics decreased by -X% against 2012 indices.

In 2023, the Peruvian body care market revenue valued roughly *** million Peruvian soles. This marks an increase compared to the previous year.

In 2022, the haircare market in Peru generated a revenue of roughly *** billion Peruvian soles, up from *** billion Peruvian soles recorded the previous year.

The South America Beauty Products Market Report is Segmented by Product Type (Facial Cosmetics, Eye-Cosmetics and More), Category (Mass, and Premium), Ingredient (Conventional/Synthetic, and Natural and Organic), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, and More), and Geography (Brazil, Argentina, Chile, Peru, Colombia and Rest of South America). The Market Forecasts are Provided in Terms of Value (USD).

Cosmetics Price in Peru - 2021. Find the latest marketing data on the IndexBox platform.

In 2024, the beauty and personal care market in Peru is expected to grow by *** percent compared to the previous year. In 2023, the Peruvian beauty and personal care market registered over ***** billion Peruvian soles in sales.

After three years of growth, the Peruvian market for beauty, make-up and skin care preparations decreased by -11% to $106M in 2024. In general, consumption, however, saw significant growth. Over the period under review, the market attained the peak level at $119M in 2023, and then fell in the following year.

Access South America Luxury Cosmetics Industry Overview which includes South America country analysis of (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America), market split by Type, End User, Product Type, Distribution Channel

Statistics illustrates market overview of beauty, make-up and skin care preparations in Peru from 2007 to 2024.

This statistic shows the sales volume of beauty and personal care products in Peru from 2019 to 2022. In 2022, the volume amounted to roughly *** million units.

In 2023, imports of beauty, make-up and skin care preparations into Peru skyrocketed to 8.5K tons, growing by 16% against the year before.

Peru Balsam Market Outlook

The global Peru Balsam market size was valued at USD 34.5 million in 2023 and is projected to reach USD 52.1 million by 2032, growing at a CAGR of 4.5% during the forecast period. The growth of this market is primarily driven by increasing demand in the pharmaceutical and cosmetics industries, among other sectors.

One of the significant growth factors for the Peru Balsam market is its extensive application in the pharmaceutical industry. Known for its anti-inflammatory and antiseptic properties, Peru Balsam is widely used in topical formulations to treat skin conditions, wounds, and burns. The rising prevalence of skin diseases and the growing awareness about natural and organic products are boosting the demand for Peru Balsam in the pharmaceutical sector. Furthermore, regulatory approvals for its use in medicinal products are likely to enhance market growth over the forecast period.

The cosmetics and personal care industry also contributes significantly to the growth of the Peru Balsam market. The increasing consumer shift towards natural and organic skincare products is driving the demand for ingredients like Peru Balsam, known for its healing and soothing properties. With the global beauty and personal care market expanding at a substantial pace, the demand for Peru Balsam is expected to rise. Additionally, the development of new and innovative cosmetic products incorporating Peru Balsam is likely to open new avenues for market growth.

Another critical growth factor is the rising popularity of aromatherapy. As consumers become more health-conscious and seek alternative therapies for mental well-being, the demand for essential oils and natural extracts like Peru Balsam is increasing. Aromatherapy uses essential oils to improve physical and emotional health, and Peru Balsam, with its rich, sweet aroma, is becoming a favored choice. The rise in wellness tourism and the establishment of specialized spas and wellness centers are further expected to propel the market.

In recent years, the bisabolol Sales have witnessed a notable surge, reflecting the growing consumer inclination towards natural ingredients in personal care and cosmetic products. Bisabolol, known for its soothing and anti-inflammatory properties, is increasingly being incorporated into skincare formulations, enhancing their efficacy. This trend is not only prevalent in the cosmetics sector but also extends to pharmaceuticals, where bisabolol is valued for its therapeutic benefits. The rising demand for bisabolol is indicative of a broader shift towards natural and organic products, a trend that aligns well with the ongoing growth in the Peru Balsam market. As consumers continue to prioritize health and wellness, the sales of bisabolol are expected to maintain an upward trajectory, further contributing to the expansion of related markets.

Regionally, Latin America holds a significant share in the Peru Balsam market due to the abundant availability of Peruvian Balsam trees in countries like El Salvador. North America and Europe also represent substantial markets, driven by the high demand for natural and organic products in these regions. The Asia Pacific region is expected to witness the highest growth rate during the forecast period, driven by the increasing disposable income and growing awareness about natural products.

Product Type Analysis

The Peru Balsam market can be segmented by product type into Essential Oil, Resin, and Extract. Each of these product types offers unique benefits and applications, contributing to the overall market growth. Essential oils derived from Peru Balsam are highly sought after in aromatherapy and personal care products due to their fragrant properties and therapeutic benefits. The growing trend towards natural remedies and wellness products is expected to drive the demand for Peru Balsam essential oils significantly.

Resin, another product type, finds extensive usage in the pharmaceutical industry. Its antiseptic and anti-inflammatory properties make it a valuable ingredient in medicinal formulations for treating skin ailments. The resin is also used in the production of certain perfumes and incense, adding to its market demand. As consumers increasingly prefer natural ingredients over synthetic ones, the market for Peru Balsam resin is likely to grow.

Extracts of Peru Balsam are widely used in the food and beverages industry as flavoring a

The revenue in the beauty & personal care market in Peru was modeled to stand at ************ U.S. dollars in 2024. Between 2018 and 2024, the revenue rose by *********** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The revenue will steadily rise by *********** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Beauty & Personal Care.

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