Market Insights Consumer Beauty & Personal Care Cosmetics

Face Cosmetics - South Africa

South Africa

In South Africa, the revenue generated in the Face market in 2024 amounts to US$129.80m.
It is projected that the market will experience an annual growth rate of 7.01% (CAGR 2024-2029).
Comparing this to the global market, in the United States leads with a revenue of US$7,461m in 2024.
Taking into account the total population, per person revenues of US$2.13 are generated in South Africa in 2024.
South Africa's face mask market is experiencing a surge in demand due to increased awareness of health and safety measures amidst the COVID-19 pandemic.

Key regions: United Arab Emirates, India, Indonesia, South Korea, Worldwide

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.