Latin America Microbiome Skincare Products Market Size & Outlook
Latin America microbiome skincare products market, 2018-2030 (US$M)
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Latin America microbiome skincare products market highlights
- The Latin America microbiome skincare products market generated a revenue of USD 29.6 million in 2023.
- The market is expected to grow at a CAGR of 8.4% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Serums 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 29.6 million |
| Market revenue in 2030 | USD 52.2 million |
| Growth rate | 8.4% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Serums |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serums, Creams, Masks |
| Key market players worldwide | L'Oreal SA, Unilever PLC, BioGaia AB Class B, AMOREPACIFIC, Amyris, Missha, Eminence Organics, Aveeno, Elizabeth Arden, Glowbiotics, Gallinée |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.3% of the global microbiome skincare products 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 190.0 million by 2030.
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Microbiome Skincare Products Market Scope
Microbiome Skincare Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America microbiome skincare products 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 microbiome skincare products market will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 39.53% in 2023. Horizon Databook has segmented the Latin America microbiome skincare products market based on serums, creams, masks covering the revenue growth of each sub-segment from 2018 to 2030.
Majority of the countries in this region are developing economies undergoing rapid technological advancements and research efforts. This region has witnessed a surge in medical tourism, which is accelerating the development of the medical industry.
The Latin America market includes Brazil, Mexico, and Argentina. Local presence of untapped opportunities in Brazil and Mexico is expected to propel the region’s microbiome skincare products market during the forecast period.
In addition, countries in Latin America have witnessed rising disposable incomes over recent years, along with an increasing middleclass population and high awareness about skincare trends, which is expected to drive the market.
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Target buyers of Latin America microbiome skincare products market databook
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Our clientele includes a mix of microbiome skincare products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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 microbiome skincare products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America microbiome skincare products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America microbiome skincare products market size, by country, 2018-2030 (US$M)
Latin America Microbiome Skincare Products Market Outlook Share, 2023 & 2030 (US$M)
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