Beauty & Personal Care - Equatorial Guinea

Equatorial Guinea

Equatorial Guinea's Beauty & Personal Care market is projected to generate a revenue of US$169.70m in 2024.
This market segment is expected to experience an annual growth rate of 5.80% (CAGR 2024-2029).
Within the market, the largest segment is Personal Care, accounting for a market volume of US$78.35m in 2024.
When compared globally, in the United States leads in revenue generation with US$100bn in 2024.
In terms of per capita figures, Equatorial Guinea's population will generate revenues of US$96.70 per person in 2024.
Furthermore, online sales are projected to contribute 9.2% of the total revenue in the Beauty & Personal Care market by 2024.
Equatorial Guinea's beauty and personal care market is experiencing a surge in demand for natural and organic products.

Key regions: United States, Worldwide, India, Indonesia, Canada

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Analyst Opinion

The Beauty & Personal Care market is thriving and one of the fastest growing consumer markets, driven in particular by the Cosmetics and Skin Care segments. The main reason for this strong growth is the generational shift with young consumers entering the market. At the same time, this change is reinforced by social media, internationality, and eCommerce, which have a lasting effect on buying behavior when it comes to beauty products. Trends from all over the world are spreading and changing the daily beauty and care routine.