South Africa Skin Care Market Size, Growth & Industry 2031
South Africa Skin Care Market Size, Growth & Industry 2031
Segments - Skincare Market by Types (Face Care [Cleansers, Masks, Exfoliators/Scrubs, Oils/Serums, Moisturizers, and Others] and Body Care [ Body Lotions, Body Wash, and Others], Distribution Channels (Hypermarket/Supermarkets, Convenience Stores, Online Retail Stores, and Others), and Country (South Africa) - South Africa Industry Analysis, Growth, Share, Size, Trends, And Forecast 2023 – 2031
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| Report ID :CG-1599
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| 192 Pages
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Report Description
The South Africa skincare market size was valued at USD 23.09 Million in 2022 and is likely to reach USD 48.56 Million by 2031, expanding at a CAGR of 8.6% during 2023 – 2031. The growth of the market is attributed to increasing awareness about the benefits of skincare products. Moreover, rising trend of ‘self-care’ marketing techniques is spurring the growth of the market.
Skin care is the practice of enhancing skin appearance and relieving skin conditions. It includes providing nutrition to the skin and using emollients to slow down aging. The skin care includes use of cosmetics, botulinum, exfoliation, fillers, and laser resurfacing, microdermabrasion, retinol therapy and ultrasonic skin treatment.
Skin care is a daily practice for preventing dermatitis and skin injuries. Consumers often prefer skin products with organic and natural ingredients. Clinical and laboratory studies have concluded that natural products provide better benefits than synthetic products.
The market in South Africa is experiencing a decent contribution of women in the workforce population, which is one of the key factors boosting the demand for skin care products in the country. Increasing inclination of women in the country toward herbal and natural ingredients derived from vegetable extracts, such as lavender and aloe vera is boosting the market growth.
Skin Care Market Trends, Drivers, Restraints, and Opportunities:
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Rising awareness about skin care benefits is expected to drive the market growth.
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Consumers shift toward natural and organic ingredients is anticipated to positively impact the growth of the market.
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Rapid growth in the e-commerce activities is anticipated to fuel the market growth in the projected timeline.
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The COVID-19 pandemic had negatively impacted the growth of the market owing to supply disruption across the globe. However, the relaxation in the travel restrictions is anticipated to proliferate the market growth.
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High cost of natural products can hinder the market growth in the projected timeline.
Scope of Skincare Market Report
The report on the South Africa skincare market research report 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 |
South Africa skincare market - Global 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 |
Types (Face Care [Cleansers, Masks, Exfoliators/Scrubs, Oils/Serums, Moisturizers, and Others] and Body Care [Body Lotions, Body Wash, and Others] and Distribution Channels (Hypermarket/Supermarkets, Convenience Stores, Online Retail Stores, and Others) |
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Geographic Zone |
South 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 |
Avon Products, Estée Lauder Inc., Unilever, Beiersdorf AG and Procter & Gamble. |
Skincare Market Segment Insights
Face care to account a considerable market share
Based on types, the market is divided into face care and body care. The face care segment is further segmented into cleansers, masks, exfoliators/scrubs, oils/serums, moisturizers, and others. The body care segment is segregated into body lotions, body wash, and others. The face care segment is anticipated to account for a considerable market share during the forecast period.
Skin care products are playing a key role in daily healthcare of individuals. Rising awareness about beauty and consciousness toward skin care are the prominent factors that are boosting the market segment growth. On the other hand, the body care segment is expected to grow at a robust CAGR during the forecast period.
Online retail stores segment to exhibit a high CAGR
Based on distribution channels, the South Africa skincare market is segmented into hypermarket/supermarkets, convenience stores, online retail stores, and others. The online retail stores segment is expected to exhibit a high CAGR during the forecast period. This is due to rapid development in the technology, which in turn, eases the process of online buying.
Moreover, easy payment method is one of the key drivers for the e-commerce market. The launch of new product on the behemoth online retail stores is creating remunerative opportunities for new entrants in the market, as it improving their sales by increasing their geographical presence.
Segments
Types
- Face Care
- Cleansers
- Masks
- Exfoliators/Scrubs
- Oils/Serums
- Moisturizers
- Others
- Body care
- Body Lotions
- Body Wash
- Others
Distribution Channels
- Hypermarket/Supermarkets
- Convenience Stores
- Online Retail Stores
- Others
Key Players
- Avon Products
- Estée Lauder Inc.
- Unilever
- Beiersdorf AG
- Procter & Gamble.
Competitive Landscape
Key players operating in the South Africa skincare market includes Avon Products, Estée Lauder Inc., Unilever, Beiersdorf AG and Procter & Gamble.
Companies are partnering with local manufacturers and are engaging in creative business strategies to expand their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Skincare 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. Skincare Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Skincare Market - Supply Chain
4.5. Global Skincare Market Forecast
4.5.1. Skincare Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Skincare Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Skincare Market Absolute $ Opportunity
5. Global Skincare 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. Skincare 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 Skincare Demand Share Forecast, 2019-2026
6. North America Skincare 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 Skincare 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 Skincare Demand Share Forecast, 2019-2026
7. Latin America Skincare 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 Skincare 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 Skincare Demand Share Forecast, 2019-2026
8. Europe Skincare 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 Skincare 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 Skincare Demand Share Forecast, 2019-2026
9. Asia Pacific Skincare 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 Skincare 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 Skincare Demand Share Forecast, 2019-2026
10. Middle East & Africa Skincare 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 Skincare 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 Skincare Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Skincare Market: Market Share Analysis
11.2. Skincare Distributors and Customers
11.3. Skincare Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Avon Products
11.4.2. Estée Lauder Inc.
11.4.3. Unilever
11.4.4. Beiersdorf AG
11.4.5. Procter & Gamble.
Methodology
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