Market Insights Consumer Beauty & Personal Care

Cosmetics - South America

South America

In 2024, the revenue in the Cosmetics market in South America amounts to US$5.77bn.
This market segment is expected to grow annually by 6.54% from 2024 to 2029 (CAGR 2024-2029).
In global comparison, in the United States generates the most revenue in the Cosmetics market with US$20,130m in 2024.
In relation to the total population figures, per person revenues of US$13.97 are generated in South America in 2024.
By 2024, 87% of sales in the Cosmetics market in South America will be attributable to Non-Luxury.
In South America, the demand for natural and organic cosmetics is on the rise, as consumers prioritize sustainability and environmental consciousness.

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.