South Africa Cosmetics Market Size & Outlook, 2023-2030
South Africa cosmetics market, 2018-2030 (US$M)
Related Markets
South Africa cosmetics market highlights
- The South Africa cosmetics market generated a revenue of USD 2,111.4 million in 2023 and is expected to reach USD 2,915.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, skin care was the largest revenue generating product in 2023.
- Hair Care is the most lucrative product segment registering the fastest growth during the forecast period.
Cosmetics market data book summary
| Market revenue in 2023 | USD 2,111.4 million |
| Market revenue in 2030 | USD 2,915.2 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Skin care |
| Fastest growing segment | Hair Care |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Skin Care, Hair Care, Makeup, Fragrance |
| Key market players worldwide | Coty Inc Class A, L'Oreal SA, The Estee Lauder Companies Inc Class A, Revlon, Avon Products, Unilever PLC, Seven & i Holdings Co Ltd, Godrej, Procter & Gamble Co, Beiersdorf AG, Henkel AG & Co KGaA, Kao Corp, Mizuno Corp |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.7% of the global cosmetics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa cosmetics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 2,915.2 million by 2030.
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Cosmetics Market Scope
Cosmetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa cosmetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cosmetics market will help companies and investors design strategic landscapes.
Skin care was the largest segment with a revenue share of 46.01% in 2023. Horizon Databook has segmented the South Africa cosmetics market based on skin care, hair care, makeup, fragrance covering the revenue growth of each sub-segment from 2018 to 2030.
According to 2020 findings by the Department of Trade and Industry (DTI) of the Republic of South Africa, South Africa not only boasts the most well-established retail network in Africa but also has the largest market for cosmetics and personal care products.
The top three retailers in this sector collectively manage more than 1,000 drugstores and pharmacies, ensuring widespread consumer accessibility and streamlined distribution nationwide. The DTI findings also showed that consumers in South Africa have been increasingly favoring organic skincare and haircare products, with nearly a quarter indicating that their purchasing choices are influenced by factors like natural, organic, or eco-friendly considerations.
Urban centers in Johannesburg, Pretoria, Cape Town, and Durban exhibit significant purchasing power and population density, making them appealing markets for various cosmetics.
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Target buyers of South Africa cosmetics market databook
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Our clientele includes a mix of cosmetics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the South Africa cosmetics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa cosmetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa cosmetics market size, by product, 2018-2030 (US$M)
South Africa Cosmetics Market Outlook Share, 2023 & 2030 (US$M)
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