Latin America Clean Beauty Market Size & Outlook
The clean beauty market in Latin America is expected to reach a projected revenue of US$ 1,639.3 million by 2030. A compound annual growth rate of 15.1% is expected of Latin America clean beauty market from 2024 to 2030.
Revenue, 2023 (US$M)
$612.1
Forecast, 2030 (US$M)
$1,639.3
CAGR, 2024 - 2030
15.1%
Report Coverage
Latin America
Related Markets
Latin America clean beauty market highlights
- The Latin America clean beauty market generated a revenue of USD 612.1 million in 2023.
- The market is expected to grow at a CAGR of 15.1% from 2024 to 2030.
- In terms of segment, skincare was the largest revenue generating product type in 2023.
- Color cosmetics is the most lucrative product type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 612.1 million |
| Market revenue in 2030 | USD 1,639.3 million |
| Growth rate | 15.1% (CAGR from 2023 to 2030) |
| Largest segment | Skincare |
| Fastest growing segment | Color cosmetics |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skincare, Haircare, Color cosmetics |
| Key market players worldwide | The Estee Lauder Companies Inc Class A, L'Oreal SA, Olaplex Holdings Inc, Grown Alchemist, RMS Beauty, E.l.f. Beauty Inc, The Honest Co Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.4% of the global clean beauty market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,152.0 million by 2030.
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Clean Beauty Market Scope
Clean beauty market segmentation & scope
Clean Beauty Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Olaplex Holdings Inc | View profile | 233 | 1187 Coast Village Road, Suite 1-520, Santa Barbara, CA, United States, 93108-2737 | https://www.olaplex.com |
| E.l.f. Beauty Inc | View profile | 475 | 570 10th Street, Oakland, CA, United States, 94607 | https://www.elfcosmetics.com |
| RMS Beauty | View profile | 11-50 | Charleston, South Carolina, United States, North America | https://www.rmsbeauty.com/ |
| Grown Alchemist | View profile | 11-50 | Melbourne, Victoria, Australia, Oceania | https://www.grownalchemist.com/ |
| The Estee Lauder Companies Inc Class A | View profile | 62000 | 767 Fifth Avenue, New York, NY, United States, 10153 | https://www.elcompanies.com |
| L'Oreal SA | View profile | 94605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | https://www.loreal.com |
| The Honest Co Inc | View profile | 176 | 12130 Millennium Drive, Suite 500, Los Angeles, CA, United States, 90094 | https://www.honest.com |
Latin America clean beauty market size, by country, 2018-2030 (US$M)
Latin America Clean Beauty Market Outlook Share, 2023 & 2030 (US$M)
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