Market Snapshot

2016 - 2026
2020
4.9 %
Skin Care

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Market Overview
Africa Cosmeceutical Market is forecasted to reach USD 653 million by 2024, witnessing a CAGR of 4.9% during the forecast period (2020 - 2025).
- Fascination to look younger is increasing among the African population and the developing markets provide a huge platform for the growth of the market. The personal care and beauty industry has been growing at a fast pace over the past few years across all regions of Africa.
- The increasing awareness regarding personal hygiene and the importance that commercial products play in it is helping the market root itself strongly into the region.
- The fastest-growing middle-class sector and increasing urbanization trends are driving the African cosmeceuticals market. The appeal of such products is being considered as a Pan-African phenomenon, with more and more consumers willing to spend on such beauty and health products.
Scope of the Report
The African cosmeceuticals market offers a wide range of products broadly categorized under skincare, hair care, lip care, and oral care. Also, the market covers the products available across distribution channels Supermarket/Hypermarkets, Convenience stores, online Retail, specialist stores, others. Moreover, the study provides an analysis of the cosmeceuticals market in the emerging and established markets across the region, including South Africa, Nigeria, and Egypt.
By Product Type | |||||||
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Lip Care | |||||||
Oral Care |
By Distribution Channel | |
Supermarket/Hypermarkets | |
Online Retail | |
Convenience Stores | |
Specialist Stores | |
Others |
By Country | |
South Africa | |
Egypt | |
Others |
Key Market Trends
Haircare And Skincare Segments Holds Maximum Share
Skincare and haircare are expected to be the dominating segment, followed by oral care in the forecasted period. Among skincare, anti-aging sub-segment is expected to contribute maximum revenue over the forecasted period. Black South Africans’ skincare requirements are in stark contrast which increases the demand for skin care products including Anti-Aging, Anti-acne, sun protection, Moisturizers, Skin Whitening, etc. The latter’s skincare requirements rotate around anti-aging products, whereas the former’s prime concern is the uneven complexion and dark spots. Similarly, Africans likely to experiment with different hair and fashion styles, leading the growth of Haircare products such as shampoo and conditioners, Hair Colorants and Dyes.

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South Africa Dominates The Cosmeceuticals Market
Though the term ‘cosmeceuticals’ started gaining momentum in the South Africans recently, it has now become one of the most preferred product categories in the country. The consumers are increasingly becoming more focused while purchasing beauty and personal care products, owing to a number of awareness campaigns and promotions run by associations and prominent players. Online retailers, such as Clicks, Absolute Skin, and Care to Beauty South Africa offer a wide range of cosmeceuticals products by international players, in order to cater to the rising demand from consumers. DermaFix and SOiL are few of the country-based manufacturers engaged in the manufacturing of advanced skincare products, including anti-aging, hyperpigmentation, acne, etc.

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Competitive Landscape
L’oreal, P & G, Unilever, and retailers such as Shoprite, Pick ‘n Pay, Massmart, Spar, and Metcash are opening the region for successful foreign goods entry. Acquisitions, expansions, mergers and joint ventures are some of the strategies being adopted by these players to increase their presence and market share in African cosmeceuticals market.
Major Players

Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Skin Care
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5.1.1.1 Anti-ageing
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5.1.1.2 Anti-acne
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5.1.1.3 Sun Protection
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5.1.1.4 Moisturizers
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5.1.1.5 Other Skin Care Product Types
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5.1.2 Hair Care
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5.1.2.1 Shampoos and Conditioners
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5.1.2.2 Hair Colorants and Dyes
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5.1.2.3 Other Hair Care Product Types
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5.1.3 Lip Care
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5.1.4 Oral Care
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5.2 By Distribution Channel
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5.2.1 Supermarket/Hypermarkets
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5.2.2 Online Retail
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5.2.3 Convenience Stores
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5.2.4 Specialist Stores
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5.2.5 Others
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5.3 By Country
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5.3.1 South Africa
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5.3.2 Egypt
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5.3.3 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 L'Oreal SA
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6.4.2 Procter & Gamble
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6.4.3 Unilever PLC
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6.4.4 Shiseido Co. Ltd
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6.4.5 Bayer AG
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6.4.6 Groupe Clarins SA
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6.4.7 Beiersdorf AG
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6.4.8 Johnson & Johnson Inc.
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Africa Cosmeceutical Market market is studied from 2016 - 2026.
What is the growth rate of Africa Cosmeceutical Market?
The Africa Cosmeceutical Market is growing at a CAGR of 4.9% over the next 5 years.
What is Africa Cosmeceutical Market size in 2026?
The Africa Cosmeceutical Market is valued at Skin Care in 2026.
Who are the key players in Africa Cosmeceutical Market?
- L'Oréal SA
- Procter & Gamble
- Unilever PLC
- Shiseido Co. Ltd
- Bayer AG
Are the major companies operating in Africa Cosmeceutical Market.