Market Insights Consumer Beauty & Personal Care

Skin Care - Western Africa

Western Africa

In 2024, the revenue generated in the Skin Care market in Western Africa amounts to US$5.48bn.
This market segment is expected to experience an annual growth rate of 7.86% (CAGR 2024-2029).
When compared to other countries globally, in the United States leads the way in terms of revenue generation, with an estimated revenue of US$24,350m in 2024.
Looking at the per person revenues in Western Africa, it can be observed that in 2024, each individual generates US$13.26 in revenue.
By 2024, approximately [max[maxNon-LuxuryRevenueShare]RevenueShareValue] of the sales in the Skin Care market in Western Africa will be attributed to [maxNon-LuxuryRevenueShare].
Western Africa is experiencing a surge in demand for natural and organic skincare products, driven by a growing consumer preference for sustainable and ethically sourced 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.