Cosmetics - Africa

  • Africa
  • The revenue generated in the Cosmetics market in 2024 is estimated to be US$8.52bn.
  • This market segment is projected to experience an annual growth rate of 7.21% (CAGR 2024-2029).
  • When comparing globally, in the United States generates the highest revenue in the Cosmetics market, amounting to US$20,130m in 2024.
  • In terms of per capita calculations, the per person revenue in 2024 is US$6.56.
  • Moreover, by 2024, 88% of the sales in the Cosmetics market will be attributed to Non-Luxury.
  • It is noteworthy that these figures specifically pertain to the African market.
  • In Nigeria, there is a growing demand for natural and organic cosmetics, as consumers become more conscious of the ingredients they put on their skin.

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.

Overview

  • Revenue
  • Key Players
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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