Latin America

Read our latest reports on Latin America here, with analyses and ...

Read our latest reports on Latin America here, with analyses and market statistics that explore the evolving consumer preferences, market environment and inherent growth potential in individual countries, or briefings that assess key strategic themes...

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Country Report

Tobacco in Paraguay

Jun 2023

Paraguay’s consumption of tobacco declined once again in 2022 as smoking prevalence continued to fall. The increased awareness of the harmful effects of smoking on health, anti-tobacco policies, such as bans on advertising, the inclusion of health…

USD 2,450
Country Report

Tobacco in Panama

Jun 2023

Volume sales of cigarettes continued to decline in 2022. Government anti-tobacco initiatives, a decrease in smoking prevalence and growth in illicit trade challenged legal sales. Despite inflation-induced price sensitivity, premium brands remained…

USD 2,450
Country Report

Tobacco in El Salvador

Jun 2023

Volume sales of cigarettes declined in 2022 alongside smoking prevalence. While the market is characterised by imported products such as those of Philip Morris and British American Tobacco, despite a strong reduction in contraband, illegal cigarettes…

USD 2,450
Country Report

Tobacco in Honduras

Jun 2023

During 2022 inflation led to a trading down to mid and low priced brands. The market was also hindered by economic insecurity, high levels of poverty, crime and illicit trade, while widespread anti-smoking campaigns and tough legislation negatively…

USD 2,450
Country Report

Pet Products in Mexico

Jun 2023

During the pandemic, local consumers had the opportunity to spend greater time at home, which led to further bonding with their pets and the creation of stronger connections. This trend continues to shape pet ownership in a post-pandemic era. It is…

USD 1,195
Country Report

Pet Care in Mexico

Jun 2023

As Mexican consumers continue to move beyond the pandemic, there are shifts in consumer habits regarding pet care. However, the emotional bonds created between owners and their pets during the pandemic remains strong, further supporting the trend…

USD 2,450
Country Report

Other Pet Food in Mexico

Jun 2023

Demand for bird food in Mexico continues to gradually decline, which is related to changes to the profile of pet owners in the country. Local consumers are increasingly considering the wellbeing of their pets, and many owners no longer agree with…

USD 1,195
Country Report

Dog Food in Mexico

Jun 2023

Although the pandemic led to an increase in the number of pets in Mexico, post-pandemic trends are seeing a shift in the size of dogs in particular. In 2023, demand for large dogs (over 23kg) is declining, while small dogs (up to 9kg) are increasing…

USD 1,195
Country Report

Cat Food in Mexico

Jun 2023

The popularity of cats continues to rise in Mexico, particularly following the pandemic. During lockdown, consumers had greater time to spend at home and reconnect with their pets. However, as activities started returning to normal, an increasing…

USD 1,195
Country Report

Sun Care in Mexico

Jun 2023

After a partial sales recovery in 2021, demand for sun care strengthened further in 2022, with sales exceeding pre-pandemic levels. The category experienced healthy growth during 2022, mainly due to the almost complete recovery of domestic tourism,…

USD 1,195
Country Report

Skin Care in Mexico

Jun 2023

Skin care continued to see dynamic growth in current value terms in 2022, continuing on from the strong performance seen in 2021. Sales of skin care were strongly favoured by growing trends towards self-care and wellness, paired with an increased…

USD 1,195
Country Report

Premium Beauty and Personal Care in Mexico

Jun 2023

Premium beauty and personal care witnessed dynamic growth in current value terms in 2022, albeit slightly slower compared to 2021. Premium beauty and personal care outpaced the growth of the mass segment. However, the gap between the growth of the…

USD 1,195
Country Report

Oral Care in Mexico

Jun 2023

During the long periods of home confinement following the outbreak of COVID-19, oral hygiene habits were affected by limited social contact, stress and the adoption of new lifestyle habits. This did not lead to a complete change in oral care, but it…

USD 1,195
Country Report

Men's Grooming in Mexico

Jun 2023

Men's grooming in Mexico continues to face certain challenges. Men's skin care in particular still has relatively low penetration due to perceptions around masculinity which are limiting usage. While there is a growing customer base for men’s…

USD 1,195
Country Report

Mass Beauty and Personal Care in Mexico

Jun 2023

The leading player in mass beauty and personal care (at GBO level), L'Oréal Groupe, exemplifies these strategies in Mexico, with it gaining significant share in the market in 2022. The company was a key growth driver for mass colour cosmetics in…

USD 1,195
Country Report

Hair Care in Mexico

Jun 2023

The trend towards the skinification of hair care has helped to fuel the growth of the entire category. All categories of hair care were boosted by people's growing interest in holistic hair care and in meeting the specific needs of their scalp. Salon…

USD 1,195
Country Report

Fragrances in Mexico

Jun 2023

Having seen a dramatic decline in sales in 2020, fragrances saw a significant recovery during 2021, albeit volume sales remained well below pre-pandemic levels. Along with colour cosmetics, fragrances was one of the categories most negatively…

USD 1,195
Country Report

Depilatories in Mexico

Jun 2023

Although many employees started returning to the workplace in 2021, many organisations opted to maintain remote working formats for strategic reasons of cost savings and health protection. However, as infection rates declined and regulators relaxed…

USD 1,195
Country Report

Deodorants in Mexico

Jun 2023

Traditionally, brands have focused their marketing on TV spots that emphasise the ability of their deodorants to keep consumers fresh, while also helping to make them more attractive. For example, Axe is a brand that has found success by focusing on…

USD 1,195
Country Report

Colour Cosmetics in Mexico

Jun 2023

Colour cosmetics continued its recovery in 2022 after a partial recovery in 2021, with demand having plummeted following the outbreak of COVID-19. Demand increased as consumers returned to more active lives outside the home, with generation Z…

USD 1,195
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