Latin America Skin Lightening Products Market Size & Outlook
Latin America skin lightening products market, 2018-2030 (US$M)
Related Markets
Latin America skin lightening products market highlights
- The Latin America skin lightening products market generated a revenue of USD 1,870.1 million in 2023.
- The market is expected to grow at a CAGR of 5.1% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Cleanser 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 1,870.1 million |
| Market revenue in 2030 | USD 2,648.1 million |
| Growth rate | 5.1% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Cleanser |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Cleanser, Face Mask |
| Key market players worldwide | L'Oreal SA, Beiersdorf AG, Shiseido Co Ltd, Procter & Gamble Co, Unilever PLC, Kao Corp, Avon Products, Himalaya Global, Lotus Herbals, VLCC Healthcare |
Other key industry trends
- In terms of revenue, Latin America region accounted for 16.7% of the global skin lightening products 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 9,111.0 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
Skin Lightening Products Market Scope
Skin Lightening Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America skin lightening 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 skin lightening products market will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 52.62% in 2023. Horizon Databook has segmented the Latin America skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
Manufacturers in this region are engaged in the development of skin lightening products that contain a mixture of natural and organic ingredients, in an attempt to tap into the new customer demographics. Customers in the region are increasingly looking for value-for-money products that are natural and organic and provide a wide range of benefits, which are similar to high-priced premium products but budget-friendly.
The employment rate of women in Central & South America has grown immensely; female participation is almost 53% of the total workforce in the region. The increasing disposable income of women is enabling them to spend more on premium beauty products, including skin lightening products.
Major countries in the region, particularly Brazil and Argentina, have been experiencing a rise in the per capita consumption of cosmetics, which bodes well for the skin lightening products market in Central & South America.
Reasons to subscribe to Latin America skin lightening products 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 skin lightening products market databook
-
Our clientele includes a mix of skin lightening products 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 skin lightening products market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America skin lightening products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America skin lightening products market size, by country, 2018-2030 (US$M)
Latin America Skin Lightening Products 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
