Market Insights Consumer Beauty & Personal Care

Cosmetics - Brazil

Brazil

In 2024, the revenue in the Cosmetics market in Brazil amounts to BRL US$2.74bn.
It is projected that the market will experience an annual growth rate of 6.93% (CAGR 2024-2029).
When compared to the global market, in the United States generates the highest revenue in the Cosmetics market industry, reaching US$20,130m in 2024.
Taking into account the total population, per person revenues in Brazil are estimated to be BRL US$12.60 in 2024.
By 2024, approximately 84% of sales in the Cosmetics market in Brazil will be attributed to Non-Luxury.
With a booming beauty industry and a diverse population, Brazil is witnessing a surge in demand for natural and sustainable cosmetic products.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.