Market Insights Consumer Beauty & Personal Care

Cosmetics - Southern Africa

Southern Africa

In 2024, the revenue in the Cosmetics market in Southern Africa amounts to US$643.70m.
It is projected to experience an annual growth rate of 5.28% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the market, reaching US$20,130m in 2024.
Considering the total population, per person revenues of US$9.19 are generated in Southern Africa in 2024.
Furthermore, by 2024, 85% of the sales in the Cosmetics market will be attributed to Non-Luxury.
With an increasing focus on natural and organic ingredients, the cosmetics market in Southern Africa is seeing a rise in demand for ethically sourced beauty products.

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.