Beauty & Personal Care - Madagascar

Madagascar

In 2024, the revenue in the Beauty & Personal Care market of Madagascar amounts to US$1.59bn.
It is projected that the market will experience an annual growth rate of 3.52% (CAGR 2024-2029).
The largest segment in this market is Personal Care, which has a market volume of US$0.75bn in 2024.
When compared globally, in the United States generates the highest revenue in this market, generating US$100bn in 2024.
In terms of per person revenues, in Madagascar generates US$51.32 in 2024.
Furthermore, it is estimated that 2.2% of the total revenue in the Beauty & Personal Care market will be generated through online sales by 2024.
Madagascar's beauty and personal care market is experiencing a surge in demand for natural and organic products, driven by a growing awareness of sustainable and eco-friendly beauty practices.

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.