Market Insights Consumer Beauty & Personal Care

Skin Care - South Africa

South Africa

In South Africa, the revenue generated in the Skin Care market in 2024 is estimated to be US$775.80m.
It is projected that this market will experience an annual growth rate of 4.59% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in the Skin Care market, with an estimated revenue of US$24,350m in 2024.
In terms of per capita revenue, in South Africa, each person is expected to generate US$12.71 in the Skin Care market in 2024.
Furthermore, by 2024, it is anticipated that [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the total sales in the Skin Care market will be attributed to [maxNon-LuxuryRevenueShare].
South Africa's skin care market is experiencing a surge in demand for natural and organic products, driven by increased consumer awareness of the benefits of sustainable and eco-friendly 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.