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 86% 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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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.