Natural Cosmetics - Madagascar
Madagascar- in Madagascar, a country known for its natural beauty and diverse flora, is not exempt from the global trend of the Natural Cosmetics market.
- In 2024, the revenue in this market segment amounted to US$25.81m, showcasing the growing interest and demand for natural beauty products.
- Looking ahead, the market is projected to experience a steady annual growth rate of 3.60% from 2024 to 2029 (CAGR 2024-2029), further solidifying its position as a lucrative industry.
- Although in Madagascar has yet to reach the revenue levels seen in larger economies like China, where the market generated a staggering US$3bn in 2024, the potential for growth is evident.
- In terms of per person revenues, in Madagascar generated US$0.83 in 2024, indicating the willingness of individuals to invest in natural cosmetics despite economic constraints.
- As the market continues to expand, it is expected that this figure will rise, contributing to the overall economic development of the country.
- In Madagascar, the market for natural cosmetics is flourishing due to the country's rich biodiversity and traditional knowledge of herbal remedies.
- Key regions:
- United Kingdom,
- Indonesia,
- India,
- Canada,
- Worldwide
Definition:
The market Natural Cosmetics covers beauty products for the face, eyes and nails made completely or partially from natural ingredients and containing low or minimal amounts of synthetic chemicals. Excluded are products for cleansing and care and professional products or services.
Additional Information:
The market comprises revenue, average revenue per capita, and sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). For more information on the displayed data, click the info button on the right side of each box.
In-Scope
- Makeup with natural ingredients for the face, eyes and lips
- Nail polishes with natural ingredients
- Cosmetics certified as natural
Out-Of-Scope
- Skin care
- Facial cleansing products
- Professional products & services
