Latin America Vegan Cosmetics Market Size & Outlook
Latin America vegan cosmetics market, 2018-2030 (US$M)
Related Markets
Latin America vegan cosmetics market highlights
- The Latin America vegan cosmetics market generated a revenue of USD 775.7 million in 2022.
- The market is expected to grow at a CAGR of 4% from 2023 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2022.
- 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 775.7 million |
| Market revenue in 2030 | USD 1,062.2 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair care |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin care, Hair care, Color cometics |
| Key market players worldwide | Moderna Inc, L'Oreal SA, Arbonne International, Nature's Brands, Bello & Eco, Human Care Blossoms, Jean-Charles Brosseau |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.8% of the global vegan cosmetics market in 2022.
- 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 6,161.0 million by 2030.
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Vegan Cosmetics Market Scope
Vegan Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America vegan 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 vegan cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 36.26% in 2022. Horizon Databook has segmented the Latin America vegan cosmetics market based on skin care, hair care, color cometics covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America is fast growing in terms of vegan cosmetics consumption, despite weak governmental frameworks in the region. The market scenario is largely occupied with global multinationals with their own dedicated exclusive stores.
Overall sales of vegan cosmetics are increasing, but at a slower pace, owing to shift in consumer trend among the consumers and their demand to use cruelty-free products that simultaneously suits their skin. Skin care is projected to grow the fastest among the products, with significant demand from the men’s segment.
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Target buyers of Latin America vegan cosmetics market databook
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Our clientele includes a mix of vegan 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 vegan cosmetics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America vegan cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America vegan cosmetics market size, by country, 2018-2030 (US$M)
Latin America Vegan Cosmetics Market Outlook Share, 2022 & 2030 (US$M)
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