According to a market report, published by Sheer Analytics and Insights, The Africa skincare market was valued at $5.6 billion in 2021 and it is expected to reach $11.3 billion at a CAGR of 6.4% between 2022 and 2032. In terms of value, the facial care category dominated the African skincare market in 2021, while the body care category held the top spot in terms of volume. Depilatories are also anticipated to experience the fastest value and volume increase between 2022 and 2032. The main distribution outlets for skin care goods in the nation were hypermarkets and supermarkets. The top three businesses in the South African skincare industry are Unilever, Natura &Co, and Beiersdorf AG. In addition, rigid plastics, flexible packaging, and glass were the most popular pack materials in the South African skincare market. Additionally, the art of skin care involves treating skin diseases and improving skin attractiveness. It involves feeding the skin nutrients and utilizing emollients to delay aging. Cosmetics, Botox, exfoliation, fillers, laser resurfacing, microdermabrasion, retinol therapy, and ultrasonic skin treatment are all included in the skin care regimen.
Product innovation and product line expansion are two major elements fostering growth in South Africa's beauty and personal care sector. Because there is such a strong demand for novel products with the best usability and functions, innovation is essential for the beauty and personal care sector in Africa. Another trend that is picking up steam is the preference for cosmetics and personal care items that solve several problems in a short amount of time. Vendors concentrate on producing cutting-edge items to satisfy changing customer needs. In addition, customers' increased purchasing power for cosmetics and personal care items increases, driving market expansion.
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Moreover, another important element driving the growth of the beauty and personal care market in Africa is the advent of goods with natural ingredients. The demand for products with natural components has increased due to rising health consciousness and understanding of the negative impacts of hazardous chemicals used in beauty and personal care products. As a result, certain suppliers concentrate on producing cosmetics and personal care items free of parabens, toluene, formaldehyde, synthetic scents, dibutyl phthalate, chemicals derived from petroleum, butylated hydroxyanisole, and sulfates.
Furthermore, the market is establishing itself in the area thanks to the rising awareness of personal hygiene and the role that commercial items play in it. The African cosmeceuticals industry is being driven by rising urbanization trends and the fastest-growing middle-class segment. In general, the skincare, hair, lip, and oral care categories cover a wide range of items available on the African cosmeceuticals market. The market also includes the goods sold through other distribution channels, such as convenience stores, internet retail, specialty shops, and supermarkets or hypermarkets. Hence, these rising factors are anticipated to create more growth opportunities for the skincare market across the country.
Some new developments in the Africa skincare market:
- On 12th November, 2022, Merck's RonaCare JouvaMer and RonaCare ReviMer, which were created especially for natural skin renewal, combine with RonaCare RenouMer, which was already available to create a marine trio that helps skin regeneration. The three components are vegan, Halal-certified, and COSMOS-approved for use in cosmetics.
- On 3rd November, 2022, the first men's skincare line in South Africa is introduced by a local couple. Similar to women, males prefer skin-care products to using bar soap for many purposes. Local couple Stuart and Camilla Berry decided to starts South Africa's first men's skincare line after spotting a gap in the market.
- On 17th November, 2022, AgeLOC LumiSpa iO by Nu Skin is the Next Generation of Smart Skincare. The ageLOC LumiSpa iO system consists of the LumiSpa iO device, three non-abrasive treatment head choices, and five cleansers that have been precisely developed to allow for perfect cushioning, cleaning, and skin engagement.
- In 2022, Illycaffé, a well-known coffee company, has expanded into the cosmetics industry. On regenerated Arabica coffee extract, coffee flowers, and coffee powder, new Amarey is built. Face cream, serum, and cleanser are all part of the line.
According to the study, key players dominating the Africa skincare market are Amka Products (South Africa), Avon Products (U.S), Aaron Cosmetics (India), Bayer AG (Germany), Clarins (France), Esse Skincare (South Africa), FTG Holdings (Kenya), Juvia’s Place LLC (U.S), Johnson and Johnson (U.S), L’Oreal (France), Lulu and Marula (South Africa), Lee Chem Laboratories (South Africa), MacAndrews and Forbes (U.S), Procter and Gamble (U.S), Pauline Cosmetics (Kenya), Unilever Plc (U.K), Shisido (Japan), Tiger Brands (South Africa), The Estee Lauder (U.S), among others.
The Africa Skincare Market Has Been Segmented Into:
The Africa Skincare Market – by Ingredient Type:
- Natural
- Chemical
- Others
The Africa Skincare Market – by Distribution Type:
- Offline
- Online
The Africa Skincare Market – by Gender Type:
- Male
- Female
- Others
The Africa Skincare Market – by Regions:
Africa
- Johannesburg
- Tshwane
- Cape Town
- Durban
- Buffalo City
- Rest of the African cities.
Browse the full report at https://www.sheeranalyticsandinsights.com/market-report-research/africa-skincare-market-21
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