Market Insights Consumer Beauty & Personal Care

Cosmetics - Mozambique

Mozambique

In Mozambique, the revenue generated in the Cosmetics market is projected to reach US$192.70m by 2024.
This market segment is expected to experience an annual growth rate of 3.83%, according to the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared to other countries worldwide, it is worth noting that in the United States leads in terms of revenue generation, with an estimated income of US$20,130m in 2024.
Taking into consideration the total population figures, in Mozambique generates a per-person revenue of US$5.53 in 2024.
Looking ahead to 2024, approximately 98% of sales in the Cosmetics market will be attributed to Non-Luxury.
In Mozambique, the cosmetics market is witnessing a surge in demand for natural and organic beauty products, reflecting a growing consumer preference for sustainable and eco-friendly options.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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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.