The cosmetics industry will grow 6 percent by 2025, according to Andi projections

The cosmetics sector in Colombia continues to grow, and is expected to register a growth of 6.3 percent by 2025, according to the Chamber of the Cosmetics and Cleaning Industry of the National Association of Entrepreneurs of Colombia (Andi).

According to projections, this is due to the growing demand for products and the consolidation of the market as a benchmark in personal care for both women and men.

Sun protection products, makeup, premium lines, facial care and personal care for mass consumption lead the demand in the country.

In 2023, the industry recorded a growth of 11.14 percent, reaching sales of over 5,369 million dollars , which demonstrates its dynamism and ability to adapt to consumer trends.

According to data from ProColombia, between January and July 2024, exports of cosmetic products exceeded 505 million dollars, which represented 20 percent of exports in the Chemicals and Life Sciences Chain.

According to the Chamber's projections, Colombia is a key player in the international trade of cosmetic products.

In the categories with the greatest growth, Andi reported that sun protection products experienced an increase of 12.7 percent, followed by makeup with 10.4 percent, premium lines with 8 percent, facial care with 7.2 percent and mass consumption personal care with 4.7 percent.

Projections indicate annual growth of 8.24 percent over the next five years, underscoring the growing demand for beauty and personal care products.

Andi also reported that household spending on cosmetic products reached 20.62 billion pesos, representing 2 percent of the population's total spending.

Furthermore, the market size by the end of 2024 was estimated to be nearly $2.9 billion, reflecting a growth of 4.6 percent compared to the previous year .