Latin America Cruelty-free Cosmetics Market Size & Outlook
The cruelty-free cosmetics market in Latin America is expected to reach a projected revenue of US$ 1,375.0 million by 2030. A compound annual growth rate of 7.2% is expected of Latin America cruelty-free cosmetics market from 2024 to 2030.
Revenue, 2023 (US$M)
$845.9
Forecast, 2030 (US$M)
$1,375.0
CAGR, 2024 - 2030
7.2%
Report Coverage
Latin America
Latin America cruelty-free cosmetics market highlights
- The Latin America cruelty-free cosmetics market generated a revenue of USD 845.9 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, skincare was the largest revenue generating product in 2023.
- Skincare is the most lucrative product segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 845.9 million |
| Market revenue in 2030 | USD 1,375.0 million |
| Growth rate | 7.2% (CAGR from 2023 to 2030) |
| Largest segment | Skincare |
| Fastest growing segment | Skincare |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skincare |
| Key market players worldwide | E.l.f. Beauty Inc, The Body Shop International, Urban Decay, Too Faced Cosmetics, Markwins Beauty Brands, Burt's Bees, Bare Minerals, Charlotte Tilbury Beauty, Milani Cosmetics, L'Oreal SA |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global cruelty-free 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 5,610.5 million by 2030.
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Cruelty-Free Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Milani Cosmetics | View profile | 101-250 | Los Angeles, California, United States, North America | https://www.milanicosmetics.com |
| Charlotte Tilbury Beauty | View profile | 1001-5000 | London, England, United Kingdom, Europe | https://www.charlottetilbury.com |
| Bare Minerals | View profile | 1001-5000 | San Francisco, California, United States, North America | https://www.bareminerals.com/ |
| Markwins Beauty Brands | View profile | 1001-5000 | City Of Industry, California, United States, North America | http://www.markwinsbeauty.com/ |
| Too Faced Cosmetics | View profile | 501-1000 | Irvine, California, United States, North America | https://www.toofaced.com/ |
| Urban Decay | View profile | 251-500 | Newport Beach, California, United States, North America | http://www.urbandecay.com/ |
| The Body Shop International | View profile | 10001+ | London, England, United Kingdom, Europe | https://www.thebodyshop.com |
| E.l.f. Beauty Inc | View profile | 475 | 570 10th Street, Oakland, CA, United States, 94607 | https://www.elfcosmetics.com |
| Burt's Bees | View profile | 251-500 | Oakland, California, United States, North America | http://www.burtsbees.com/ |
| L'Oreal SA | View profile | 94605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | https://www.loreal.com |
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