NEW YORK , Jan. 27, 2022 /PRNewswire/ -- As per the latest research report, "Beauty and Personal Care Market in Africa by Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025", there has been a constant rise in the disposable income of customers, heightening the spending power on beauty and personal care products which triggers market growth.
Some of the influential factors that increased the market throughout the projected period include the rising popularity of personal care products among men, the rising middle-class population, the wide availability of BPC goods, and the rise in online shopping trends.
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Key Beauty and Personal Care Market Report Highlights:
Market growth 2020-2025: USD 1.26 billion
Growth momentum & CAGR: Accelerate at a CAGR of almost 2%
Performing market contribution: South Africa at 53%
Key consumer countries: South Africa , Kenya , Egypt (Arab Republic of Egypt ), Nigeria , and the Rest of Africa
With 53% of the growth originating from South Africa , this region will record a fast growth rate during 2021-2025.
South African consumers are looking for a value proposition in the beauty and personal care sector in Africa , as they need high-quality items at reasonable rates. Growing urbanization, a growing middle-class population, a wide range of brands in the beauty and personal care category, organized distribution channels emerging, and the introduction of private-label products are some of the reasons driving the African beauty and personal care industry.
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Key Vendors and Vendor Strategies
Avon Products Inc., Beiersdorf AG, Coty Inc., Godrej Consumer Products Ltd., Johnson and Johnson, LOreal SA, Revlon Inc., The Estee Lauder Companies Inc., The Procter, and Gamble Co., Unilever Group are few of the key vendors in the beauty and personal care market.
The vendors in the market are constantly focusing on broadening their product portfolio through expanding their product offerings. Additionally, vendors are focusing on expanding their presence in new regions.
Beiersdorf AG offers a wide range of skincare brands including NIVEA, EUCERIN, LA PRAIRIE, LABELLO, HANSAPLAST, 8X4, FLORENA, COPPERTONE, HIDROFUGAL, GAMMON, etc.
Coty Inc. offers an iconic global brand that focuses on prestige fragrances and skincare.
Godrej Consumer Products Ltd. offers a wide range of products under its Hair Care, Personal Care, and Home Care category.
Download our free sample report to get a brief understanding of various other vendors and the vendor's strategies.
Our analysts have extensively outlined the information on the key market drivers and their impact on the beauty and personal care market.
Product innovation and product line extension:
To know about a few other market drivers, trends, and challenges, Download our free sample report
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Beauty and Personal Care Market Scope in Africa
Accelerate at a CAGR of 2%
South Africa, Kenya, Egypt (Arab Republic of Egypt), Nigeria, and the Rest of Africa
Leading companies, Competitive strategies, Consumer engagement scope
Avon Products Inc., Beiersdorf AG, Coty Inc., Godrej Consumer Products Ltd., Johnson and Johnson, LOreal SA, Revlon Inc., The Estee Lauder Companies Inc., The Procter and Gamble Co., and Unilever Group
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period
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