Latin America Oleochemicals Market revenue is projected to grow at a CAGR of 3.3% during 2025-2031

Personal care and cosmetics segment by Application held the highest revenue share in Latin America Oleochemicals Market -6Wresearch

In 2024, the personal care and cosmetics segment emerged as the leading consumer of oleochemicals in Brazil, driven by strong demand for a broad range of products including skincare creams, lotions, shampoos, conditioners, and hair treatment oils. Notably in 2024, hair treatment oils and lip cosmetics recorded growth. Oleochemical derivatives play a critical role in these formulations, offering key functional benefits such as moisturization, emulsification, conditioning and texture enhancement.

According to 6Wresearch, Latin America Oleochemicals Market revenue is projected to grow at a CAGR of 3.3% during 2025-2031. The Latin America oleochemicals market is experiencing robust growth, fueled by strong demand across the personal care, food processing, and pharmaceutical sectors, along with increased utilization in soaps, detergents, and a broadening range of industrial applications. This growth is further supported by the region’s abundant availability of local feedstocks. Moreover, Apical has officially launched its first storage hub in Lençóis Paulista (São Paulo), backed by an investment. This new facility not only strengthens its logistical capabilities for storing essential oils like soybean, sunflower, and canola, but also paves the way for future expansion into oleochemical production and distribution in the region.

With Mexico’s beauty and personal care market and Brazil’s cosmetics market is projected to grow more by 2026, the demand for bio-based ingredients is accelerating across the region, directly supporting the expansion of Brazil’s oleochemicals industry. Key oleochemical derivatives such as fatty acids, glycerine, and fatty alcohols play a critical role in the formulation of skincare, haircare, and cosmetic products. In parallel, investment in Mexico’s cosmetics sector totalled in 2024, focused on the development and supply of essential raw materials used in soaps, lotions, and other personal care applications, further reinforcing regional growth in oleochemical demand.

According to Suryakant, Senior Research Analyst, 6Wresearch, In 2024, the fatty acid segment dominated Brazil’s oleochemicals market, driven by its extensive use across key domestic industries such as personal care, soaps and detergents, food processing, and pharmaceuticals. Brazil’s strong position as one of the world’s top producers of soybean oil production in 2024 and animal fats, both primary feedstocks for fatty acid production, continues to support cost-effective, large-scale manufacturing of oleochemical derivatives like stearic, oleic, and palmitic acids.

Latin America Oleochemicals Market (2025-2031) report provides an in-depth analysis with 44 figures and 10 tables, covered in 90 pages. The report thoroughly covers market by type, application and countries. Latin America Oleochemicals Market report provides an unbiased and detailed analysis of the on-going Latin America Oleochemicals Market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.