Market Size of Africa Cosmeceutical Industry
| Study Period | 2018 - 2028 |
| Base Year For Estimation | 2021 |
| Market Size (2023) | USD 3.55 Billion |
| Market Size (2028) | USD 4.95 Billion |
| CAGR (2023 - 2028) | 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 expected to grow from USD 3.55 billion in 2023 to USD 4.95 billion by 2028, at a CAGR of 6.86% during the forecast period (2023-2028).
- 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.
