Beauty and personal care in 2024: The big picture
Beauty and personal care saw growth in both value and volume terms in Ecuador in 2024, although, throughout the year, several negative factors impacted overall consumer spending. One of the most significant was a series of power outages, which peaked in September, lasting up to 12 hours in some areas. These disruptions affected business operations, reduced consumer activity, and significantly impacted social interactions and foot traffic in retail spaces.
2024 key trends
In response to rising insecurity and a fiscal deficit caused by efforts to combat criminal organisations, the Ecuadorian Government implemented an increase in VAT from 12% to 15%, effective from 1 April 2024. This measure forced many beauty and personal care players to adjust their prices upward, putting additional pressure on consumers already facing economic challenges. However, the expansion of hard discounters and the growing presence of private label brands helped to mitigate inflationary pressures within the market. These lower-cost alternatives provided consumers with more affordable options, softening the impact of price hikes and maintaining competitive dynamics within beauty and personal care.
Competitive landscape
Yanbal Ecuador SA holds the top position in overall beauty and personal care in Ecuador, supported by its extensive network of independent sales representatives and a diverse product portfolio that has earned strong consumer loyalty. The company’s ability to connect directly with customers through personalised consultations has been a key factor in its sustained success. One of the main drivers of Yanbal’s recent growth has been the expansion of its independent sales force. By increasing the number of sales representatives, the company has strengthened its model, allowing it to reach more customers across different regions.
Retail developments
Direct selling is the primary channel for distributing beauty and personal care products in Ecuador. According to data from the Ecuador Direct Selling Association, the number of independent sales representatives grew by 18% in 2024, reflecting a surge in demand and the increasing effectiveness of this channel. This expansion is largely attributable to the prevailing economic challenges in the country, with many individuals seeking alternative sources of income. The flexibility and earning potential offered by direct selling make it an appealing option for many, especially during periods of economic uncertainty.
What next for beauty and personal care?
Beauty and personal care is set to continue growing at a moderate pace in Ecuador over the forecast period. Despite some positive trends in consumer interest, disposable income is not expected to see significant growth, meaning budget limitations will remain a key challenge for many households. With economic pressures, consumers will likely become more cautious in their spending, carefully considering their purchases in this area. As a result, the market is expected to see increased demand for affordable premium products. These options provide consumers with high-quality products at accessible price points, offering a balance between value and indulgence. Brands that position themselves in this affordable premium space will likely perform well, as they cater to consumers seeking better quality without straining their budgets.
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Overview:
Understand the latest market trends and future growth opportunities for the Beauty and Personal Care industry in Ecuador with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Baby and Child-Specific Products
- Bath and Shower
- Colour Cosmetics
- Deodorants
- Depilatories
- Fragrances
- Hair Care
- Men's Grooming
- Oral Care
- Skin Care
- Sun Care
- Premium Beauty and Personal Care
- Mass Beauty and Personal Care
If you're in the Beauty and Personal Care industry in Ecuador, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Beauty and Personal Care in Ecuador report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Beauty and Personal Care in Ecuador?
- Which are the leading brands in Ecuador?
- How are products distributed in Ecuador?
- To what extent is e-commerce changing the retail environment and consumer demand?
- How are sales of mass versus premium beauty products evolving?
- Which products are seeing rising demand in the wake of COVID-19?
- Why are changing lifestyles and consumer behaviour patterns stimulating growth of some categories but not others?
- How is the macroeconomic environment shaping demand?
- Where is future growth expected to be most dynamic?
Beauty and Personal Care in Ecuador
Beauty and personal care in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for beauty and personal care?
DISCLAIMER
Baby and Child-Specific Products in Ecuador
KEY DATA FINDINGS
Baby and child-specific products continue to grow in the midst of a declining target demographic
Johnson & Johnson del Ecuador leads the category, while La Fabril increases its market share
E-commerce faces important challenges as it looks to become mainstream
Sun care set to see strong growth as parents become more aware of skin care issues
Paediatricians as key Influencers in baby and child-specific product consumption
Consumers looking for dermocosmetics for their children
Bath and Shower in Ecuador
KEY DATA FINDINGS
Bath and shower struggles
Colgate-Palmolive de Ecuador SA leads the category
Discounters is the strongest performer in bath and shower
Bath and shower to see moderate growth in the forecast period
Private labels seeking to look like branded products
Innovation and quality as key differentiators against private labels and discount competition
Colour Cosmetics in Ecuador
KEY DATA FINDINGS
Lip products drive colour cosmetics growth
A thriving category with multiple players growing
Distribution channel development helps to boost category growth
Strong comeback of lip gloss in the forecast period
Leveraging untapped channels to grow in the forecast period
Incorporating skin care properties will be crucial in the forecast period
Deodorants in Ecuador
KEY DATA FINDINGS
Deodorants continue to see steady growth in Ecuador
Unilever leads the category with strong distribution and marketing investments
Hard discounters manages to become a strong channel in deodorants
Sustained growth in the forecast period to be driven by affordability and consumer needs
Connecting with consumers through marketing campaigns
Axe looking to renew its image with Fine Fragrances
Depilatories in Ecuador
KEY DATA FINDINGS
Women’s razors and blades leads depilatories sales
Bic appeals to cost conscious consumers in the midst of economic uncertainty in Ecuador
Pharmacies channel leads the distribution of depilatories
Growing interest in hair removers
Growth of specialised depilatory centres could impede growth of at-home depilatories
Innovation set to be key to generating growth in the forecast period
Fragrances in Ecuador
KEY DATA FINDINGS
Fragrances grows despite limited purchasing power
Direct selling key to promoting fragrances
Direct selling appeals in a country with a low level of formal jobs
Fragrances to keep growing in the forecast period
Challenges ahead for premium fragrances in Ecuador
AI in fragrances
Hair Care in Ecuador
KEY DATA FINDINGS
Standard shampoos the largest category, while salon professional hair care leads growth
Unilever continues to lead hair care in Ecuador due to its strong distribution network and marketing investments
Blackouts affect traditional channel, while supermarkets stand strong
Hair care expected to continue growing due to innovation and increasing demand
Marketing investments will shape Hair care growth in the forecast period
Ingredient-led innovation as consumers become more knowledgeable
Men's Grooming in Ecuador
KEY DATA FINDINGS
Men’s fragrances grow hand in hand with direct selling
Yanbal leads the category with its core focus on men’s fragrances
Discounters continues to grow by offering low cost deodorants and shaving products
Continued growth as men develop more sophisticated self-care routines
Expanding beard products offer
Products tailored for specific needs
Oral Care in Ecuador
KEY DATA FINDINGS
Consumer awareness of dental hygiene supports growth
Colgate-Palmolive leads the category with a strong brand positioning and an extensive distribution network that limit the growth of rivals
Consumers switch retailers as they seek to save money
Denture care products gain relevance as population ages
Specialised products enjoy higher recommendations from dentists
Colgate drives innovation and marketing campaigns in Ecuador
Skin Care in Ecuador
KEY DATA FINDINGS
Skin care growth moderates after strong growth in previous years
Skin care is a highly fragmented market
Direct selling leads skin care in Ecuador
Dermocosmetics and affordable premium options to drive growth
A thriving competitive landscape for the forecast period
Innovation in serums
Sun Care in Ecuador
KEY DATA FINDINGS
High UV in Ecuador transforms sun care into a staple for Ecuadorian population
Yanbal leads the category with a wide portfolio of sun care products
Direct selling leads the category, while new channels emerge
Sun care to grow, though with some constraints
Commercial efforts are crucial to stay relevant
Sun protection is looking beyond SPF
Premium Beauty and Personal Care in Ecuador
KEY DATA FINDINGS
Stable growth, though mixed performances across categories
L'Oréal’s brands play key role in premium beauty and personal care
Consumers look for cheaper ways to access to premium beauty and personal care products
Hair care, skin care and sun care are set to be the drivers of premium beauty and personal care
Dupes will limit the growth of premium beauty and personal care
Marketing and innovation to go hand in hand in the forecast period
Mass Beauty and Personal Care in Ecuador
KEY DATA FINDINGS
Mass beauty and personal care sees continued growth thanks to direct selling
Yanbal leads mass beauty and personal care thanks to a wide number of independent distributors and a well-established portfolio
Ecuadorians are smart shoppers that hunt for the best deals
Sustained growth driven by innovation and expanding channels
Natura’s entrance to Ecuador presents new challenges for established companies
Players focus on innovation to stay relevant
The following categories and subcategories are included:
Beauty and Personal Care
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- Baby and Child-specific Hair Care
- Baby and Child-specific Skin Care
- Baby and Child-specific Sun Care
- Baby and Child-specific Toiletries
- Baby Wipes
- Medicated Baby and Child-specific Products
- Nappy (Diaper) Rash Treatments
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- Bar Soap
- Bath Additives
- Body Powder
- Body Wash/Shower Gel
- Hand Sanitisers
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- Intimate Washes
- Intimate Wipes
- Liquid Soap
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- Premium Eye Liner/Pencil
- Mass Eye Liner/Pencil
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- Premium Eye Shadow
- Mass Eye Shadow
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- Premium Mascara
- Mass Mascara
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- Premium Other Lash and Brow Make-Up
- Mass Other Lash and Brow Make-Up
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-
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- Premium BB/CC Creams
- Mass BB/CC Creams
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- Premium Blusher/Bronzer/Highlighter
- Mass Blusher/Bronzer/Highlighter
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- Premium Foundation/Concealer
- Mass Foundation/Concealer
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- Premium Powder
- Mass Powder
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- Premium Other Facial Make-Up
- Mass Other Facial Make-Up
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-
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- Premium Lip Gloss
- Mass Lip Gloss
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- Premium Lip Liner/Pencil
- Mass Lip Liner/Pencil
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- Premium Lipstick
- Mass Lipstick
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- Premium Other Lip Products
- Mass Other Lip Products
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-
-
- Premium Nail Polish
- Mass Nail Polish
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- Premium Nail Treatments/Strengthener
- Mass Nail Treatments/Strengthener
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- Premium Polish Remover
- Mass Polish Remover
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- Premium Other Nail Products
- Mass Other Nail Products
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- Premium Colour Cosmetics Sets/Kits
- Mass Colour Cosmetics Sets/Kits
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- Deodorant Creams
- Deodorant Pumps
- Deodorant Roll-Ons
- Deodorant Sprays
- Deodorant Sticks
- Deodorant Wipes
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- Hair Removers/Bleaches
- Women's Pre-Shave
- Women's Razors and Blades
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- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
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- 2-in-1 Products
- Colourants
- Conditioners and Treatments
- Hair Loss Treatments
- Perms and Relaxants
- Salon Professional Hair Care
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- Medicated Shampoos
- Standard Shampoos
- Styling Agents
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-
- Men's Post-Shave
- Men's Pre-Shave
- Men's Razors and Blades
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- Premium Men's Bath and Shower
- Mass Men's Bath and Shower
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- Premium Men's Deodorants
- Mass Men's Deodorants
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- Premium Men's Hair Care
- Mass Men's Hair Care
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- Premium Men's Skin Care
- Mass Men's Skin Care
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-
- Premium Men's Fragrances
- Mass Men's Fragrances
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- Dental Floss
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- Denture Cleansers
- Denture Fixatives
- Mouth Fresheners
- Mouthwashes/Dental Rinses
- Tooth Whiteners
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- Manual Toothbrushes
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- Battery Toothbrush Replacement Heads
- Battery Toothbrush Units
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- Electric Toothbrush Replacement Heads
- Electric Toothbrush Units
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- Toothpaste
- Oral Care Excl Power Toothbrushes
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- Premium Firming Body Care
- Mass Firming Body Care
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- Premium General Purpose Body Care
- Mass General Purpose Body Care
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- Premium Acne Treatments
- Mass Acne Treatments
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- Premium Face Masks
- Mass Face Masks
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- Premium Liquid/Cream/Gel/Bar Cleansers
- Mass Liquid/Cream/Gel/Bar Cleansers
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- Premium Facial Cleansing Wipes
- Mass Facial Cleansing Wipes
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-
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- Premium Basic Moisturisers
- Mass Basic Moisturisers
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- Premium Anti-Agers
- Mass Anti-Agers
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-
- Premium Lip Care
- Mass Lip Care
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- Premium Toners
- Mass Toners
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- Premium Hand Care
- Mass Hand Care
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- Premium Skin Care Sets/Kits
- Mass Skin Care Sets/Kits
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-
-
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- Premium Aftersun
- Mass Aftersun
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- Premium Self-Tanning
- Mass Self-Tanning
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- Premium Sun Protection
- Mass Sun Protection
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- Baby and Child-specific Sun Care
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-
- Premium Baby and Child-specific Products
- Premium Bath and Shower
-
-
- Premium Eye Liner/Pencil
- Premium Eye Shadow
- Premium Mascara
- Premium Other Lash and Brow Make-Up
-
- Premium BB/CC Creams
- Premium Blusher/Bronzer/Highlighter
- Premium Foundation/Concealer
- Premium Powder
- Premium Other Facial Make-Up
-
- Premium Lip Gloss
- Premium Lip Liner/Pencil
- Premium Lipstick
- Premium Other Lip Products
-
- Premium Nail Polish
- Premium Nail Treatments/Strengthener
- Premium Polish Remover
- Premium Other Nail Products
- Premium Colour Cosmetics Sets/Kits
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- Premium Deodorants
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- Premium Body Mists
- Premium Men's Fragrances
- Premium Women's Fragrances
- Premium Unisex Fragrances
- Premium Fragrance Sets/Kits
- Premium Hair Care
-
-
- Premium Firming Body Care
- Premium General Purpose Body Care
-
- Premium Acne Treatments
- Premium Face Masks
- Premium Facial Cleansing Wipes
-
- Premium Basic Moisturisers
- Premium Anti-Agers
- Premium Lip Care
- Premium Liquid/Cream/Gel/Bar Cleansers
- Premium Toners
- Premium Hand Care
- Premium Skin Care Sets/Kits
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- Premium Aftersun
- Premium Self-Tanning
- Premium Sun Protection
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- Prestige Baby and Child-specific Products
- Prestige Bath and Shower
- Prestige Colour Cosmetics
- Prestige Deodorants
- Prestige Fragrances
- Prestige Hair Care
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- Prestige Body Care
- Prestige Facial Care
- Prestige Hand Care
- Prestige Skin Care Sets/Kits
- Prestige Adult Sun Care
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- Mass Baby and Child-specific Products
- Mass Bath and Shower
-
-
- Mass Eye Liner/Pencil
- Mass Eye Shadow
- Mass Mascara
- Mass Other Lash and Brow Make-Up
-
- Mass BB/CC Creams
- Mass Blusher/Bronzer/Highlighter
- Mass Foundation/Concealer
- Mass Powder
- Mass Other Facial Make-Up
-
- Mass Lip Gloss
- Mass Lip Liner/Pencil
- Mass Lipstick
- Mass Other Lip Products
-
- Mass Nail Polish
- Mass Nail Treatments/Strengthener
- Mass Polish Remover
- Mass Other Nail Products
- Mass Colour Cosmetics Sets/Kits
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- Mass Deodorants
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- Mass Body Mists
- Mass Men's Fragrances
- Mass Women's Fragrances
- Mass Unisex Fragrances
- Mass Fragrance Sets/Kits
- Mass Hair Care
-
-
- Mass Firming Body Care
- Mass General Purpose Body Care
-
- Mass Acne Treatments
- Mass Face Masks
- Mass Facial Cleansing Wipes
-
- Mass Basic Moisturisers
- Mass Anti-Agers
- Mass Lip Care
- Mass Liquid/Cream/Gel/Bar Cleansers
- Mass Toners
- Mass Hand Care
- Mass Skin Care Sets/Kits
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- Mass Aftersun
- Mass Self-Tanning
- Mass Sun Protection
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- Dermocosmetics Baby and Child-specific Products
- Dermocosmetics Bath and Shower
- Dermocosmetics Colour Cosmetics
- Dermocosmetics Deodorants
- Dermocosmetics Fragrances
- Dermocosmetics Hair Care
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- Dermocosmetics Body Care
- Dermocosmetics Facial Care
- Dermocosmetics Hand Care
- Dermocosmetics Skin Care Sets/Kits
- Dermocosmetics Adult Sun Care
Beauty and Personal Care
This is the aggregation of baby and child-specific products, bath & shower, colour cosmetics, deodorants, depilatories, fragrances, hair care, men's grooming, oral care, skin care and sun care. Black market sales and travel retail are excluded.
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This report originates from Passport, our Beauty and Personal Care research and analysis database.
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