Latin America Natural Cosmetics Market Size & Outlook
Latin America natural cosmetics market, 2018-2030 (US$M)
Latin America natural cosmetics market highlights
- The Latin America natural cosmetics market generated a revenue of USD 3,120.1 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, color cosmetic was the largest revenue generating product in 2023.
- Color cosmetic is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 3,120.1 million |
| Market revenue in 2030 | USD 4,468.8 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Color cosmetic |
| Fastest growing segment | Color cosmetic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Color cosmetic |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.8% of the global natural cosmetics market in 2023.
- Globally, Europe 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 6,808.0 million by 2030.
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Natural Cosmetics Market Scope
Natural Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America natural 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 natural cosmetics market will help companies and investors design strategic landscapes.
Color cosmetic was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Latin America natural cosmetics market based on color cosmetic covering the revenue growth of each sub-segment from 2018 to 2030.
High disposable income in Australia, Japan, New Zealand, and parts of China is the major reason for the rising penetration of luxury skin care brands including Dior, Guerlain, Clarins, Clinique, Lancôme, Estée Lauder, and Shiseido.
Today, these brands are being increasingly distributed at a fast pace in the developing markets of India, China, and Brazil due to rising disposable income and growing consumer inclination toward spending more on appearance.
Distribution takes place through exclusive stores of luxury products in malls or standalone outlets, while e-commerce is emerging as a competitor to direct sales for all mass and premium brands. Direct sales for Avon continue to hold and grow market value.
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Our clientele includes a mix of natural cosmetics 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 natural cosmetics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America natural cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America natural cosmetics market
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