South Africa Microbiome Skincare Products Market Size & Outlook
South Africa microbiome skincare products market, 2018-2030 (US$M)
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South Africa microbiome skincare products market highlights
- The South Africa microbiome skincare products market generated a revenue of USD 4.6 million in 2023 and is expected to reach USD 9.1 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Serums is the most lucrative product segment registering the fastest growth during the forecast period.
Microbiome skincare products market data book summary
| Market revenue in 2023 | USD 4.6 million |
| Market revenue in 2030 | USD 9.1 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Serums |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Serums, Creams, Masks |
| Key market players worldwide | L'Oreal SA, Unilever PLC, BioGaia AB Class B, AMOREPACIFIC, Amyris, Missha, Eminence Organics, Aveeno, Elizabeth Arden, Glowbiotics, Gallinée |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.1% of the global microbiome skincare products market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa microbiome skincare products market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6.1 million by 2030.
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Microbiome Skincare Products Market Scope
Microbiome Skincare Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa microbiome skincare products 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 microbiome skincare products market will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 39.13% in 2023. Horizon Databook has segmented the South Africa microbiome skincare products market based on serums, creams, masks covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid urbanization and growing middle-class population in South Africa are expected to boost market growth over the coming years. Africa has the fastest-growing middle-class population in the world; by 2060, the number is expected to reach 1.1 billion (42% of the population).
With growing economic developments, disposable income per household is also expected to increase, which can assist in growth of the microbiome skincare products market in the country. South Africa is witnessing rapid growth in the field of medical tourism. People worldwide are traveling for treatment in South Africa as healthcare settings offer cost-effective services.
The country provides immense opportunities for the target population globally, including in dermatology. Hence, there is rapid growth of dermatology products in South Africa, driving the market. Moreover, increasing urbanization is bolstering the positive trend for beauty and personal care since urban consumers are wealthier. The country has rich cultural diversity along with high awareness about personal care, boosting market demand.
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Target buyers of South Africa microbiome skincare products market databook
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Our clientele includes a mix of microbiome skincare products market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 microbiome skincare products market , including forecasts for subscribers. This country databook contains high-level insights into South Africa microbiome skincare products market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa microbiome skincare products market size, by product, 2018-2030 (US$M)
South Africa Microbiome Skincare Products Market Outlook Share, 2023 & 2030 (US$M)
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