Beauty & Personal Care - Namibia

Namibia

The Beauty & Personal Care market in Namibia is projected to generate a revenue of US$291.70m in 2024.
This market is expected to experience an annual growth rate of 5.72% (CAGR 2024-2029).
The largest segment within the market is Personal Care, which is estimated to have a market volume of US$134.00m in 2024.
When compared to other countries worldwide, in the United States leads in terms of revenue generation with US$100bn in 2024.
In relation to the total population of Namibia, the per person revenue is predicted to reach US$110.20 in 2024.
Furthermore, online sales are projected to contribute 12.8% of the total revenue in the Beauty & Personal Care market by 2024.
Namibian consumers are increasingly embracing natural and organic beauty products, reflecting a growing demand for sustainable and eco-friendly options in the Beauty & Personal Care market.

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.