Competitive Benchmarking and Forecasts for Market Players 2023-2027
Africa's beauty and personal care sector is expanding due in large part to an increasing emphasis on Afrocentric requirements. Numerous markets for cosmetics and personal care have been drawn in by the growing urbanization of several African nations.
Between 2023 and2027, the size of the Africa-beauty and personal care market is projected to increase at a CAGR of 7.54%. An estimated USD 6.65 billion will be added to the market size.
The manufacturing of beauty and personal care goods specifically for Africans is a priority for market firms venturing into the African market. International companies such as Loreal have successfully penetrated the African beauty and personal care industry by refusing to sell Western or Asian goods there.
Africa - Beauty and Personal Care Market Analysis at a Glance
Core Companies and their offerings include:
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International businesses are emphasizing this crucial component as the market develops in order to improve their chances of winning over African consumers. Therefore, over the projected period, addressing Afrocentric requirements would propel the expansion of the Africa beauty and personal care market.
Africa - Beauty and Personal Care Market: Market Highlights