Market Insights Consumer Beauty & Personal Care

Cosmetics - Zimbabwe

Zimbabwe

In Zimbabwe, the revenue generated in the Cosmetics market reached US$67.59m in 2024.
It is projected that the market will experience an annual growth rate of 1.56% (CAGR 2024-2029).
When comparing globally, in the United States stands out as the top revenue generator with earnings of US$20,130m in 2024.
Looking at the per capita basis, each person in Zimbabwe is estimated to contribute US$3.97 in revenue in 2024.
Furthermore, by 2024, 100% of the sales in the Cosmetics market will be attributed to Non-Luxury.
Cosmetics market in Zimbabwe is witnessing a surge in demand for locally-sourced and organic 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.