Latin America Personal Care Ingredients Market

Latin America Personal Care Ingredients Market Size (2023-2028)

The Latin America Personal Care Ingredients Market size was around USD 3.12 billion in 2022. It is expected to grow at a CAGR of 3.5% to reach USD 4.15 Billion by 2028.

There has been a huge rise in the demand for anti-aging products as numerous countries are expanding in terms of population density and economic standing, thereby possessing a massive consumer base capable of purchasing personal care and skin care product solutions. However, due to increasing regulations on the usage of synthetic components in the products, manufacturers are focusing on developing personal care products consisting of natural ingredients.

Latin America Personal Care Ingredients Market Segmentation:

Latin America Personal Care Ingredients Market – By Application:

• Hair Care

• Make-up

• Oral Care

• Skin Care

• others

Under this segment, the skin care section is calculable to account for the highest share of the personal care ingredients market during the forecast period. This application is projected to drive the market from 2022 - 2027 due to the rise in consumer spending in developing nations such as India, China, Brazil, and the Republic of South Africa, among others.

Latin America Personal Care Ingredients Market – By Ingredient:

• Emollients

• Rheology Modifiers

• Surfactants

• Active Ingredients

• Emulsifiers

• others

The emollient segment dominated the personal care ingredients market due to its extensive usage in antiperspirants, deodorants, soaps, skin creams, face cleansers, face creams, hair shampoos, and hair conditioners, among others. The demand is especially fuelled because of the soothing feeling emollients give to the skin.

Geographical Analysis:

• Brazil

• Chile

• Argentina

• Colombia

• Others

Latin America has been showing consistent growth over the past few years and is anticipated to continue the same in the forecast period. The provision of economical products can go a long way in increasing the revenue of the Personal Care Ingredients market in this region.

Key Players:

• Evonik Industries

• Wacker Chemie AG

• BASF SE

• Dow Corning Corporation

• Croda International Plc

• Ashland Inc.

• Clariant, Akzo

• Nobel N.V.

• Lonza Group Pvt Ltd