Latin America Cosmetics Market Size & Outlook, 2023-2030
Latin America cosmetics market, 2018-2030 (US$M)
Related Markets
Latin America cosmetics market highlights
- The Latin America cosmetics market generated a revenue of USD 20,598.1 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product 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 20,598.1 million |
| Market revenue in 2030 | USD 28,230.4 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.0% of the global cosmetics market in 2023.
- Globally, Asia Pacific 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 208,494.6 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 43.52% in 2023. Horizon Databook has segmented the Latin America cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
There is an increasing regional demand for all-natural, safe, and clean formulations in cosmetic products, driven by consumers' growing awareness and preference for eco-friendly and healthconscious options.
They seek products that align with their desire for sustainable and responsible choices, promoting a cleaner lifestyle and supporting the environment. Local brands in the region are gaining popularity by providing a wide variety of innovative cosmetics made from natural and plant-based ingredients.
For instance, TSU Cosméticos, a popular beauty brand based in Argentina, is well-known for its extensive product range. It provides a variety of items, spanning skincare, makeup, haircare, and fragrances. TSU Cosméticos' mission revolves around encouraging self-expression and creativity, which is evident in its diverse offerings.
Reasons to subscribe to Latin America cosmetics market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Latin America cosmetics market databook
-
Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America cosmetics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America cosmetics market size, by country, 2018-2030 (US$M)
Latin America Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
