Beauty & Personal Care - Morocco

Morocco

The Beauty & Personal Care market in Morocco is projected to generate a revenue of US$1,997.00m in 2024.
This market is expected to experience an annual growth rate of 5.57% (CAGR 2024-2029).
The largest segment in this market is the Personal Care segment, which is estimated to have a market volume of US$959.60m in 2024.
In comparison to other countries, in the United States leads in terms of revenue generation, with an estimated revenue of US$100bn in 2024.
When considering the population size, the per person revenue in Morocco is approximately US$52.27 in 2024.
Additionally, online sales are projected to contribute 5.4% of the total revenue in the Beauty & Personal Care market by 2024.
Morocco's beauty and personal care market is embracing the use of traditional Moroccan ingredients like argan oil and rose water.

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.