Africa Cosmeceutical Market Size, Share, Growth Report 2031
Africa Cosmeceutical Market Size, Share, Growth Report 2031
Segments - Africa Cosmeceutical Market by Product Types (Skin Care [Anti-acne, Anti-Aging, Sun Protection, and Moisturizers], Hair Care [Shampoos & Conditioners, Hair Colorants, and Dyes] Lip Care, and Oral Care) Distribution Channels (Supermarket/Hypermarkets, Online Retail, Convenience Stores, Specialist Stores, and Others), and Geography (South Africa, Egypt, and Rest of Africa)- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :CG-3496
| 4.1 Rating
| 74 Reviews
| 211 Pages
| Format :
Report Description
The Africa cosmeceutical market size was USD 3.32 Billion in 2022 and is likely to reach USD 6.03 Billion by 2031, expanding at a CAGR of 6.86% during 2023–2031. The growth of the market is attributed to rising disposable income and increasing spending on beauty products among women.
Cosmeceuticals contain bioactive components with medical properties. They are applied locally in the form of creams or lotions, and contain chemicals that can impact skin cell activity. The creation of novel active ingredients in the cosmetics sector has been aided by advancements in pharmaceutical and biotechnology industries.
Africa Cosmeceutical Market Trends, Drivers, Restraints and Opportunities
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Rising aging population and increasing consumer awareness about benefits of beauty products are anticipated to propel the market growth during the projected period.
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Increasing demand for natural and herbal skin care products is estimated to fuel the market growth.
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High cost of natural and herbal cosmetics as well as rigorous government regulations on raw ingredients can hamper the growth of the market.
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Growing consumer awareness about the adverse consequences of cosmetic components can hinder the market expansion during the forecast period.
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Increasing utilization of home remedy solution is estimated to inhibit the market growth.
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Rising spending on research and development and technological advancements regarding cosmeceutical treatments and organic product development are expected to provide considerable opportunities for market participants in the projected timeline.
Scope of Africa Cosmeceutical Market Report
The report on the Africa cosmeceutical market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Africa Cosmeceutical Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Types (Skin Care [Anti-acne, Anti-Aging, Sun Protection, Moisturizers], Hair Care [Shampoos & Conditioners, Hair Colorants, and Dyes) Lip Care, and Oral Care) Distribution Channels (Supermarket/Hypermarkets, Online Retail, Convenience Stores, Specialist Stores, and Others), |
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Country |
South Africa, Egypt, and Rest of Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Procter & Gamble; Unilever PLC; L'Oréal SA; Shiseido Co. Ltd; and Bayer AG |
Africa Cosmeceutical Market Segment Insights
Skin care segment is expected to grow at a rapid pace
Based on product types, the market is divided into skin care, hair care, lip care, and oral care. The skin care segment is further categorized as anti-acne, anti-aging, sun protection, and moisturizers. On the other hand, the hair care segment is divided into shampoos & conditioners, hair colorants, and dyes. The skin care segment is expected to grow at a rapid pace during the forecast period owing to increasing awareness of skin care among consumers.
Specialist stores segment is projected to expand at a considerable CAGR
On the basis of distribution channels, the Africa cosmeceutical market is segregated into supermarket/hypermarkets, online retail, convenience stores, specialist stores, and others. The specialist stores segment is projected to expand at a considerable CAGR during the forecast period due to convenience in shopping and assistance of sales personnel. On the other hand, the online retail segment is anticipated to account for a major market share during the forecast period due to increasing number of online sales channels, rising technical advancements, and presence of variety of discounts. Most of companies are expanding their online presence owing to increasing penetration of Internet across the globe.
South Africa is anticipated to constitute a key market share
In terms of regions, the market is classified as south Africa, Egypt, and Rest of Africa. South Africa is expected to constitute a key share of the market during the projected period. The prevalence of hectic lifestyles and growing awareness about hair and beauty products are major factors driving the country’s market growth.
Segments
The Africa cosmeceutical market has been segmented on the basis of
Product Types
- Skin Care
- Anti-acne
- Anti-Aging
- Sun Protection
- Moisturizers
- Hair Care
- Shampoos & Conditioners
- Hair Colorants
- Dyes
- Lip Care
- Oral Care
Distribution Channels
- Supermarket/Hypermarkets
- Online Retail
- Convenience Stores
- Specialist Stores
- Others
Country
- South Africa
- Egypt
- Rest of Africa
Key Players
- Procter & Gamble
- Unilever PLC
- L'Oréal SA
- Shiseido Co. Ltd
- Bayer AG
Competitive Landscape
Key players competing in the Africa cosmeceutical market are Procter & Gamble; Unilever PLC; L'Oréal SA; Shiseido Co. Ltd; and Bayer AG.
Companies are engaging in partnerships with various distribution partners to expand their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Cosmeceutical Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cosmeceutical Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cosmeceutical Market - Supply Chain
4.5. Global Cosmeceutical Market Forecast
4.5.1. Cosmeceutical Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cosmeceutical Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Cosmeceutical Market Absolute $ Opportunity
5. Global Cosmeceutical Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Cosmeceutical Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Cosmeceutical Demand Share Forecast, 2019-2026
6. North America Cosmeceutical Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Cosmeceutical Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Cosmeceutical Demand Share Forecast, 2019-2026
7. Latin America Cosmeceutical Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Cosmeceutical Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Cosmeceutical Demand Share Forecast, 2019-2026
8. Europe Cosmeceutical Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Cosmeceutical Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Cosmeceutical Demand Share Forecast, 2019-2026
9. Asia Pacific Cosmeceutical Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Cosmeceutical Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Cosmeceutical Demand Share Forecast, 2019-2026
10. Middle East & Africa Cosmeceutical Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Cosmeceutical Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Cosmeceutical Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Cosmeceutical Market: Market Share Analysis
11.2. Cosmeceutical Distributors and Customers
11.3. Cosmeceutical Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
Methodology
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