Latin America Skin Care Supplements Market Size & Outlook
Latin America skin care supplements market, 2018-2030 (US$M)
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Latin America skin care supplements market highlights
- The Latin America skin care supplements market generated a revenue of USD 102.9 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, oral supplements was the largest revenue generating product in 2023.
- Topical Supplements 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 102.9 million |
| Market revenue in 2030 | USD 147.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Oral supplements |
| Fastest growing segment | Topical Supplements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral Supplements, Topical Supplements |
| Key market players worldwide | Alticor Corporate Enterprises, Nestle SA, Meiji Holdings Co Ltd, Unilever PLC, Johnson & Johnson, THG PLC Ordinary Share, Twinlab Consolidated Holdings Inc |
Other key industry trends
- In terms of revenue, Latin America region accounted for 2.9% of the global skin care supplements 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 2,984.7 million by 2030.
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Skin Care Supplements Market Scope
Skin Care Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America skin care supplements 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 skin care supplements market will help companies and investors design strategic landscapes.
Oral supplements was the largest segment with a revenue share of 61.61% in 2023. Horizon Databook has segmented the Latin America skin care supplements market based on oral supplements, topical supplements covering the revenue growth of each sub-segment from 2018 to 2030.
The skin care supplement market in Latin America is expected to grow substantially over the forecast period. The growing geriatric population in the region and the rising prevalence of skin-related problems are some of the key factors propelling regional growth.
According to the Instituto Brasileira de Geografia e Statistical (IGBE), around 30.1 million elderly individuals represent about 14.3% of the Brazilian population in 2020. Moreover, some of the key companies are launching products, expanding distribution channels, and increasing investment in the skin care supplements market.
Such expansions in the region are anticipated to increase the access to the skin care supplementation products, driving the market growth. Some of the key companies operating in the market are SkinCeuticals, Biomarine, Vichy Laboratories, Loreal, Herbalife and Amway.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America skin care supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America skin care supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America skin care supplements market size, by country, 2018-2030 (US$M)
Latin America Skin Care Supplements Market Outlook Share, 2023 & 2030 (US$M)
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