Market Insights Consumer Beauty & Personal Care

Skin Care - Africa

Africa

In 2024, the revenue in the Skin Care market in Africa amounts to US$17.89bn.
It is projected to grow annually by 5.21% (CAGR 2024-2029).
It is worth noting that in global comparison, in the United States generates the highest revenue, with US$24,880m in 2024.
When considering the population figures, in 2024, the per person revenues in Africa amount to US$13.76.
This indicates the average revenue generated per individual.
Furthermore, by 2024, [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the sales in the Skin Care market in Africa will be attributable to [maxNon-LuxuryRevenueShare].
This highlights the significance of luxury products in the market segment.
In Africa, there is a growing demand for natural and organic skincare products due to the increasing awareness of the benefits of using environmentally-friendly and sustainable ingredients.

Key regions: United Arab Emirates, Malaysia, United Kingdom, South Korea, Indonesia

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Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.