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    Latin America Inorganic Beauty Personal Care Ingredients Market

    ID: MRFR/CnM/20053-CR
    128 Pages
    Anshula Mandaokar
    April 2024

    Latin America Inorganic Beauty and Personal Care Ingredients Market Research Report Information by Ingredients Type (Surfactants, Emulsifiers, Polymers, Rheology Modifiers, Emollients, UV Absorbers, Antimicrobials, and others), by Functionality (Active Ingredients, Additives), By Application (Skin Care, Body Care, Hair Care, Make Up, Oral Care, Fragrance, and others), By Countries (Mexico, Brazil, Argentina, Rest of Latin America) - Forecast Till 2035

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    Latin America Inorganic Beauty Personal Care Ingredients Market Infographic
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    Latin America Inorganic Beauty Personal Care Ingredients Market Summary

    The Latin America Inorganic Beauty and Personal Care Ingredients Market is projected to grow from 3250 USD Million in 2024 to 5500 USD Million by 2035.

    Key Market Trends & Highlights

    Latin America Inorganic Beauty and Personal Care Ingredients Key Trends and Highlights

    • The market is expected to witness a compound annual growth rate of 4.9 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 5500 USD Million, reflecting robust growth potential.
    • In 2024, the market is valued at 3250 USD Million, indicating a strong foundation for future expansion.
    • Growing adoption of sustainable ingredients due to increasing consumer awareness is a major market driver.

    Market Size & Forecast

    2024 Market Size 3250 (USD Million)
    2035 Market Size 5500 (USD Million)
    CAGR (2025 - 2035) 4.9%

    Major Players

    Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Tesla Inc (US), Meta Platforms Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

    Latin America Inorganic Beauty Personal Care Ingredients Market Trends

    Increasing Natural and Organic Ingredients

    Growing consumer awareness of the effects of personal care products on the environment and human wellness is seen in this market trend, and it also drives industry creativity and adaptation toward more nature-inspired solutions in the Latin American beauty and private care market.

    The Latin American market for inorganic beauty and personal care ingredients is evolving, driven by increasing consumer awareness regarding product safety and sustainability, which appears to be reshaping industry standards and practices.

    Brazilian Institute of Geography and Statistics (IBGE)

    Latin America Inorganic Beauty Personal Care Ingredients Market Drivers

    Market Growth Chart

    Growth of E-commerce Platforms

    The rise of e-commerce platforms significantly influences the Global Latin America Inorganic Beauty and Personal Care Ingredients Market Industry. With the increasing penetration of the internet and mobile devices, consumers are more inclined to purchase beauty products online. This shift not only provides access to a wider range of inorganic ingredients but also facilitates the introduction of niche brands that focus on innovative formulations. As e-commerce continues to expand, it is expected to contribute to the market's growth, potentially reaching 5500 USD Million by 2035, reflecting a robust CAGR of 4.9% from 2025 to 2035.

    Increasing Awareness of Skin Health

    There is a growing awareness of skin health among consumers in Latin America, which is positively impacting the Global Latin America Inorganic Beauty and Personal Care Ingredients Market Industry. As individuals become more informed about the effects of various ingredients on skin health, they are more inclined to choose products that contain beneficial inorganic components. This trend is driving demand for formulations that incorporate minerals known for their skin-enhancing properties. Consequently, the market is expected to witness sustained growth as consumers prioritize products that promote overall skin wellness.

    Rising Demand for Natural Ingredients

    The Global Latin America Inorganic Beauty and Personal Care Ingredients Market Industry experiences an increasing demand for natural and organic ingredients. Consumers are becoming more conscious of the products they use, leading to a shift towards formulations that contain fewer synthetic chemicals. This trend is particularly pronounced in Latin America, where local sourcing of natural minerals and clays is gaining traction. As a result, the market is projected to reach 3250 USD Million in 2024, driven by this consumer preference for transparency and sustainability in beauty products.

    Technological Advancements in Formulation

    Technological advancements in formulation techniques are reshaping the Global Latin America Inorganic Beauty and Personal Care Ingredients Market Industry. Innovations in extraction and processing methods allow for the development of high-quality inorganic ingredients that enhance product efficacy. These advancements enable manufacturers to create formulations that are not only effective but also safe for consumers. As a result, the market is likely to see an influx of new products that leverage these technologies, catering to the evolving preferences of consumers seeking performance-driven beauty solutions.

    Regulatory Support for Sustainable Practices

    Regulatory frameworks in Latin America are increasingly supporting sustainable practices within the beauty and personal care sector. Governments are implementing policies that encourage the use of eco-friendly and inorganic ingredients, which aligns with global sustainability goals. This regulatory support fosters innovation and investment in the Global Latin America Inorganic Beauty and Personal Care Ingredients Market Industry. Companies are likely to benefit from incentives for adopting sustainable sourcing and production methods, thereby enhancing their competitive edge in the market.

    Market Segment Insights

    Latin America Inorganic Beauty and Personal Care Ingredients Market Ingredient Type Insights

    The Latin America Inorganic Beauty and Personal Care Ingredients market segmentation, based on Ingredients Type, the Latin America inorganic beauty and personal care ingredients Market is segmented into Surfactants, Emulsifiers, Polymers, Rheology Modifiers, Emollients, UV Absorbers, Antimicrobials, and others. The Surfactants segment accounted for the largest market share of 37.48% in 2022 and is likely to register a CAGR of 5.47% during the projected period Surfactants are important ingredients for skin care, hair care, ointments, gels, creams, and other cosmetic products. The industry is continuously evolving to comply with changing consumer preferences.

    Earlier, soaps and shampoos were the major application areas of surfactants in this industry. Now, the use of surfactants in various cosmetic products, such as cold creams and lotions, is also gaining momentum. Surfactants are commonly used in beauty and personal care products due to their ability to reduce the surface tension of liquids, allowing them to mix with other substances.

    Figure 1: Latin America Inorganic Beauty and Personal Care Ingredients Market, by ingredient type, 2022 & 2030 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Latin America Inorganic Beauty and Personal Care Ingredients Market Functionality Insights

    The Latin America Inorganic Beauty and Personal Care Ingredients market segmentation, based on Functionality, the Latin America inorganic beauty and personal care ingredients Market is segmented into Active Ingredients and Additives. The Additives segment accounted for the largest market share of 64.63% in 2022. Additives have various functions. Among other things they enable the manu­facturing of products with different structures like creams, gels, pastes, lotions, solutions, varnishes, sticks, powders, and aerosols.

    They provide the products with their long-term physical stability for transport and storage, inhibit germinating through mould, yeast and bacteria, increase the chemical stability of sensitive active agents towards the atmospheric oxygen and influence the sensory perception as e.g. consistency, dispersion on the skin, scent (fragrance) and color.

    Figure 2: Latin America Inorganic Beauty and Personal Care Ingredients Market, by Functionality, 2022 & 2030 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Latin America Inorganic Beauty and Personal Care Ingredients Market Application Insights

    The Latin America Inorganic Beauty and Personal Care Ingredients market segmentation, based on Application, the Latin America inorganic beauty and personal care ingredients Market is segmented into Skin care, Body care, Hair care, Makeup, Oral care, Fragrance, and others. The Skin care segment accounted for the largest market share of 29.67% in 2022. Personal care ingredients are the raw materials which are used in the manufacturing of care products worldwide. These ingredients can be used in the skin care products as an anti-fungal agent, anti-ageing agent, skin conditioning agent, and others.

    They can also be classified as active and inactive ingredients. Active ingredients include anti-ageing agents, exfoliants, conditioning agents, and UV protecting agents whereas, inactive ingredients include surfactants, preservatives colorants, and polymer ingredients. This is owing to increase in demand for skin care products such as sun care products, body lotions, facial creams, and others from the consumers across the globe. In addition, the use of innovate ingredients such as polyhydroxy acids and plant-based retinol alternatives such as Bakuchiol to manufacture skin care products have created new personal care ingredients market trend.

    Figure 3: Latin America Inorganic Beauty and Personal Care Ingredients Market, by Application, 2022 & 2030 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Latin America Inorganic Beauty and Personal Care Ingredients Market Functionality Insights

    The Latin America Inorganic Beauty and Personal Care Ingredients market segmentation, based on countries, the Latin America inorganic beauty and personal care ingredients Market is segmented into Mexico, Brazil, Argentina, Rest of Latin America. The Rest of Latin America segment accounted for the largest market share of 52.24% in 2022.  The apparent trend towards natural and organic parts in the Latin American market for inorganic beauty and personal care ingredients is changing customer preferences. The shift is evident across the region, and not only in Latin America.

    The demand for inorganic ingredients that are organic, ethically produced as well as organic is being driven by the need for formulations that are sustainable and eco-friendly. This shows that environmental and health concerns are becoming more widely understood, affecting business trends throughout Latin America.

    Figure 4: Latin America Inorganic Beauty and Personal Care Ingredients Market, by country, 2022 & 2030 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Get more detailed insights about Latin America Inorganic Beauty and Personal Care Ingredients Market Research Report—Forecast till 2032

    Key Players and Competitive Insights

    The market for Inorganic beauty and personal care ingredients is highly competitive, and there is high price competition in the market. The market is comprised of global and local players. Most developing countries have local players that provide Inorganic beauty and personal care ingredients at a lower price. However, the market is majorly dominated by global companies. Few companies are expected to penetrate the market soon, and they are expected to account for a substantial share of the Inorganic beauty and personal care ingredients market.

    Companies in the market offer a wide range of salami sold through various channels, including e-commerce websites, company-operated websites, retailers and their websites, and distributors. Market participants compete based on several parameters, such as product performance, quality, technical competence, price, and corporate reputation. New product launches, licensing agreements, distribution network expansion, technological investments, and mergers & acquisitions are some of the key strategies adopted by the companies to strengthen their market position and gain a larger market share. Merck KGaA’s new inorganic pigments for the Latin American beauty market were launched in October 2022.

    These mica and titanium oxide-based pigments are meant for use in cosmetics as well as skin and hair care products. This was because of the need to fulfill the growing consumption of high-quality colorants with catchy colors and protection against UV rays, which Merck discovered as a potential market in Latin America.

    Key Companies in the Latin America Inorganic Beauty Personal Care Ingredients Market market include

    Industry Developments

    Two months after the previous press release, BASF a leader in chemical manufacturing, announced word on the growth of the personal care ingredients business in the Latin American region. The company presented several inorganic ingredients for skin and hair care products, such as UV filters and mineral compounds, which are in high demand today due to the universal trend for safe and effective cosmetics. BASF focused on providing sa­fe and suitable ingredients that met the growing needs of the people for beauty products as well as environmental preservation in that region.

    In September 2022, Clariant with Beraca participated in in-cosmetics latin America and presented its diverse range of sustainable natural ingredients. This partnership focuses on ethically sourced natural actives, oils, butter, clays and other materials to help advance the beauty industry’s move towards natural formulations. Such developed ingredients for cosmetics, including the Ethience Protect cosmeceutical award, convincing all of the barriers in the treatment of the skin with inorganic nourishment, demonstrated how well inorganic ingredients can be utilized in cosmetics.

    In the year 2022, Croda International was working with many beauty companies around Latin America on its inorganic UV filters, specifically zinc oxide and titanium dioxide. The purpose of these alliances is to improve sun care products considering the safety and naturality requirements of consumers and regulations regarding the use of alternatives in sun protection products.

    In the year 2023, Betterware completed the audit of the acquisition of Jafra, engaged in cosmetics and personal care. This acquisition helped to place Jafra products into the impressive catalog of Betterware home care products thus increasing its market penetration extent. The acquisition also influenced the evolution of Jafra's brand and product portfolio, targeting a younger market. The integration consisted of additional marketing materials in the form of interactive catalogs, which showed that the focus was changing towards digitization and creativity in marketing policy.

    Latin America Inorganic Beauty and Personal Care Ingredients

    Future Outlook

    Latin America Inorganic Beauty Personal Care Ingredients Market Future Outlook

    The Latin America Inorganic Beauty and Personal Care Ingredients Market is projected to grow at a 4.9% CAGR from 2024 to 2035, driven by increasing consumer demand for sustainable and innovative products.

    New opportunities lie in:

    • Develop eco-friendly formulations using inorganic ingredients to attract environmentally conscious consumers.
    • Invest in advanced manufacturing technologies to enhance product quality and reduce costs.
    • Expand distribution channels through e-commerce platforms to reach a broader customer base.

    By 2035, the market is expected to achieve robust growth, positioning itself as a leader in sustainable beauty solutions.

    Market Segmentation

    Type Outlook

    • Surfactants
    • Emulsifiers
    • Polymers
    • Rheology Modifiers
    • Emollients
    • UV Absorbers
    • Antimicrobials
    • Others

    Countries Outlook

    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

    Application Outlook

    • Skin care
    • Body Care
    • Hair care
    • Makeup
    • Oral Care
    • Fragrance
    • Others

    Functionality Outlook

    • Active Ingredients
    • Additives

    Latin America Inorganic Beauty and Personal Care Ingredients Countries Outlook

    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

    Latin America Inorganic Beauty and Personal Care Ingredients Application Outlook

    • Skin care
    • Body Care
    • Hair care
    • Makeup
    • Oral Care
    • Fragrance
    • Others

    Latin America Inorganic Beauty and Personal Care Ingredients Functionality Outlook

    • Active Ingredients
    • Additives

    Latin America Inorganic Beauty and Personal Care Ingredients by ingredient Type Outlook

    • Surfactants
    • Emulsifiers
    • Polymers
    • Rheology Modifiers
    • Emollients
    • UV Absorbers
    • Antimicrobials
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2021 USD 3,317.53 million
    Market Size 2030 USD 5,436.84 million
    Compound Annual Growth Rate (CAGR) 3.79% (2024-2030)
    Base Year 2021
    Forecast Period 2024-2030
    Historical Data 2019 & 2020
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered By Ingredients Type, by Functionality, By Application, by Countries
    Geographies Covered Latin America
    Countries Covered Mexico, Brazil, Argentina, Rest of Latin America
    Key Companies Profiled Basf SE. (Germany), Clariant (Switzerland), Dow Inc. (Germany), Ashland (Germany), Solvay (Germany), Croda International Plc. (Germany), Evonik (Germany), Lonza (Germany), Stepan Company (US), Eastman Company (US) among others.
    Key Market Opportunities ·       High market potential in emerging economics in latam
    Key Market Dynamics ·       Increasing demand for self-grooming products is driving the growth of beauty and personal care ingredients. ·       Rapid growth in multifunctional personal care ingredients.

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Latin America Inorganic Beauty and Personal Care Ingredients market in 2021?

    The Latin America Inorganic Beauty and Personal Care Ingredients market accounted for USD 3,317.53 million.

    What is the key driving factor for the Latin America Inorganic Beauty and Personal Care Ingredients market?

    Increasing demand for self-grooming products is driving the growth of beauty and personal care ingredients, rapid growth in multifunctional personal care ingredients is the key driving factor for the Latin America Inorganic Beauty and Personal Care Ingredients market.

    What is the growth rate of the Latin America Inorganic Beauty and Personal Care Ingredients market?

    The growth rate of Latin America Inorganic Beauty and Personal Care Ingredients market is 3.79% CAGR.

    Which country held the largest market share in the Latin America Inorganic Beauty and Personal Care Ingredients market?

    The rest of Latin America region held the largest market share in the Latin America Inorganic Beauty and Personal Care Ingredients market.

    Who are the key players in Latin America Inorganic Beauty and Personal Care Ingredients market?

    Basf SE. (Germany), Clariant (Switzerland), Dow Inc. (Germany), Ashland (Germany), Solvay (Germany), Croda International Plc. (Germany), Evonik (Germany), Lonza (Germany), Stepan Company (US), Eastman Company (US) among others are the key players in the Latin America Inorganic Beauty and Personal Care Ingredients market.

    Which ingredient type led the Latin America Inorganic Beauty and Personal Care Ingredients market?

    Surfactants Ingredient type led the Latin America Inorganic Beauty and Personal Care Ingredients market.

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