Latin America Organic Skin Care Market Size & Outlook
The organic skin care market in Latin America is expected to reach a projected revenue of US$ 1,054.7 million by 2030. A compound annual growth rate of 8.7% is expected of Latin America organic skin care market from 2022 to 2030.
The Latin America organic skin care market generated a revenue of USD 497.4 million in 2021.
The market is expected to grow at a CAGR of 8.7% from 2022 to 2030.
In terms of segment, face cream & moisturizers was the largest revenue generating product in 2021.
Face Serum 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 2022 to 2030.
Latin America data book summary
Market revenue in 2021
USD 497.4 million
Market revenue in 2030
USD 1,054.7 million
Growth rate
8.7% (CAGR from 2021 to 2030)
Largest segment
Face cream & moisturizers
Fastest growing segment
Face Serum
Historical data covered
2017 - 2020
Base year for estimation
2021
Forecast period covered
2022 - 2030
Quantitative units
Revenue in USD million
Market segmentation
Face Cream & Moisturizers, Face Cleanser, Face Serum, Body Cream & Moisturizers, Body Wash
Key market players worldwide
Shiseido Co Ltd, Natura &Co Holding SA ADR, The Estee Lauder Companies Inc Class A, AMOREPACIFIC, The Hain Celestial Group Inc, Weleda, Arbonne International
Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
Latin America is the fastest growing regional market and is projected to reach USD 1,054.7 million by 2030.
High disposable income in Australia, Japan, New Zealand, parts of China are the reason for a high penetration of luxury brands skin products including Dior, Guerlain, Clarins, Clinique, Lancome, Estee Lauder, and Shiseido.
These brands are now being distributed in developing markets of India, China and Brazil at a fast pace due to rising disposable income and inclination to spend more on appearance. Distribution is pervasive through exclusive stores of luxury products in malls or standalone, 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. Customers in Latin America are increasingly looking for value for money products which are natural, organic and beneficial for the skin, provide benefits of high priced premium products, at a lower than premium cost.
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 Organic Skin Care Market Outlook will help companies and investors design strategic landscapes.
Face Cream & Moisturizers was the largest segment with a revenue share of 52.37% in 2021.
Horizon Databook has segmented the Latin America organic skin care market based on face cream & moisturizers, face cleanser, face serum, body cream & moisturizers, body wash covering the revenue growth of each sub-segment from 2017 to 2030.
High disposable income in Australia, Japan, New Zealand, parts of China are the reason for a high penetration of luxury brands skin products including Dior, Guerlain, Clarins, Clinique, Lancome, Estee Lauder, and Shiseido.
These brands are now being distributed in developing markets of India, China and Brazil at a fast pace due to rising disposable income and inclination to spend more on appearance. Distribution is pervasive through exclusive stores of luxury products in malls or standalone, 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. Customers in Latin America are increasingly looking for value for money products which are natural, organic and beneficial for the skin, provide benefits of high priced premium products, at a lower than premium cost.
Latin America Organic Skin Care Market Product Outlook (Revenue, USD Million , 2017-2030)
Face Cream & Moisturizers
Face Cleanser
Face Serum
Body Cream & Moisturizers
Body Wash
Others
Latin America Organic Skin Care Market Distribution Channel Outlook (Revenue, USD Million , 2017-2030)
Supermarket/Hypermarket
Pharmacy & Drugstore
Online
Others
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America organic skin care market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America organic skin care market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Latin America Organic Skin Care Market, 2017-2030 (US$M)