Market Size of Africa Cosmeceutical Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.79 Billion |
| Market Size (2029) | USD 5.29 Billion |
| CAGR (2024 - 2029) | 6.86 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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African Beauty Market Analysis
The Africa Cosmeceutical Market size is estimated at USD 3.79 billion in 2024, and is expected to reach USD 5.29 billion by 2029, growing at a CAGR of 6.86% during the forecast period (2024-2029).
- 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.
