Africa Cosmeceutical Market - Growth, Trends and Forecasts 2017 - 2022

  • ID: 4387117
  • Report
  • Region: Africa
  • 90 pages
  • Mordor Intelligence
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The African cosmeceutical market had a market share value of USD 431.7 million in 2015 and is estimated to reach a value USD 542.5 million by 2020 with a CAGR of 4.7%.

Africa Cosmeceutical Market Dynamics

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.

Africa Cosmeceutical Market Segmentation

The product type market is segmented into skin care, hair care, injectable, lip care, and tooth whitening. Market segmentation on the basis of active ingredients includes antioxidants, botanicals, peptides & proteins, exfoliants, moisturizer, retinoids and others.

South Africa, Nigeria, and Egypt remain the largest cosmeceutical markets in the region, with projected high growth rates. The crucial factors to the entry of global brands into the region depend on the population size, presence of an emerging middle class, basic infrastructure, and regional stability. Many regions of Africa pass this checklist and are expected to sustain the entry of large brands.

Key Players in the African Cosmeceutical Market

L’oreal, P & G, Unilever and retailers such as Shoprite, Pick ‘n Pay, Massmart, Spar and Metcash are opening the region for successful foreign goods entry. Acquisitions, expansions, mergers and joint ventures are some of the strategies being adopted by these players to increase their presence and market share in African cosmeceuticals market.
Note: Product cover images may vary from those shown
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1. Introduction
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering and Econometric Modelling
2.4.4 Expert Validation
3. Market Dynamics
3.1 Drivers
3.1.1 Rising Disposable Income for Personal Care Products
3.1.2 Market Potential in the Developing Regions of Africa
3.1.3 Ageing Population and Increasing Consumer Awareness
3.1.4 Technological Advancements - Plant Stem Cells
3.2 Restraints
3.2.1 Unregulated Market
3.2.2 Spurious Products
3.3 Opportunities
3.3.1 Increase Middle Age Population
3.3.2 Evolution of New Active Ingredients
3.3.3 Demand for Natural and Organic Ingredients
3.4 Porter Five Forces Analysis
3.4.1 Bargaining Power of Buyers
3.4.2 Bargaining Power of Suppliers
3.4.3 Degree of Competition
3.4.4 Threat of New Entrants
3.4.5 Threat of Substitutes
4. Market Segmentation
4.1 By Product Type
4.1.1 Skin Care Anti Ageing Anti Acne Sun Protection Moisturizers Others
4.1.2 Hair Care Hair Fall Anti Dandruff Hair Colorants and Dyes Others
4.1.3 Injectables Botulinum Toxin-Based Injectable Cosmeceutical Dermal Fillers
4.1.4 Lip Care
4.1.5 Tooth Whitening
4.2 By Active Ingredients Type
4.2.1 Anti Oxidants
4.2.2 Botanicals
4.2.3 Peptides & Proteins
4.2.4 Exfoliants
4.2.5 Moisturizers
4.2.6 Retinoids
4.2.7 Others
4.3 By Geography
4.3.1 Africa South Africa Egypt Others
5. Competitive Landscape
5.1 Major Strategies Adopted by Key Players
5.2 Most Active Players
5.3 Market Share Analysis
6. Company Profiles
6.1 Procter & Gamble
6.2 Johnson & Johnson
6.3 L'oreal
6.4 Allergan
6.5 Croda International
6.6 Sabinsa
6.7 Bayer
6.8 Unilever
6.9 Clarins
6.10 Shiseido
6.11 Henkel
6.12 Estee Lauder
6.13 Beiersdorf
6.14 Royal DSM
7. Appendix
7.1 Sources
7.2 Disclaimer
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown