South Africa Cosmetics And Personal Care Products Market Demand and Growth Analysis with Supply 2019 to 2024

South Africa Cosmetics And Personal Care Products

The report presents an in-depth assessment of the South African cosmetic and personal care products including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for South African cosmetic and personal care products investments from 2019 till 2024.

South African cosmetic and personal care products market is expected to reach USD 6.16 billion during 2019-2024 at a CAGR of 9.9%.

The South Africa Cosmetics And Personal Care Products market is highly competitive and consists of a number of major players. Top Companies like Unilever Plc, Avon Inc, P&G, Colgate Plc, Loreal S.A., Revlon, Indigo Brands Pty Ltd among others

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Scope of the Report

South African Cosmetics and Personal care market is segmented into several submarkets such as Haircare, Skincare, Oralcare, etc. Fragrances and deodorants held the prominent market share of in 2018, followed by skin care products and hair care products.

Key Market Trends

Increasing Consumer Awareness on Skin Care Products

There is a growing focus on improving living standards among South African consumers, driven by a surge in internet access, with the number of the country’s internet users more than doubling during the review period. Social media is gaining more traction, with consumers  inclination toward global fashion and beauty trends. The grooming trend is furthermore being aided by an increase in net spending in each household. This increasing spending trend is allowing consumers, not only to get benefited by spending on beauty and personal care but also increasingly associating an attractive appearance with career success and professionalism. Fragrances segment is expected to get benefited the most from the grooming trend in South Africa in the forecast period. Fragrances are thus set to see the strongest sales growth across beauty and personal care segment in the forecast period.

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Economic uncertainty to impact sales

South Africa has been facing a number of ongoing economic challenges since 2011, with the economic meltdown in place. Real The countrys GDP growth slowed from 3% as at the start of the review period to 2% annual growth over 2011-2014, before dropping further. High unemployment is notably creating financial struggles for many households with a jobless rate of over 25% in 2015, while many households also face high debt-to-income ratios. A flood of African migrants into South Africa is further expanding its already-large low-income consumer base.

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What are the market factors that are explained in the report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Analytical Tools: South Africa Cosmetics And Personal Care Products Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market. 

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