South Africa Skin Care Supplements Market Size & Outlook
South Africa skin care supplements market, 2018-2030 (US$M)
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South Africa skin care supplements market highlights
- The South Africa skin care supplements market generated a revenue of USD 19.6 million in 2023 and is expected to reach USD 26.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, oral supplements was the largest revenue generating product in 2023.
- Topical Supplements is the most lucrative product segment registering the fastest growth during the forecast period.
Skin care supplements market data book summary
| Market revenue in 2023 | USD 19.6 million |
| Market revenue in 2030 | USD 26.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Oral supplements |
| Fastest growing segment | Topical Supplements |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Oral Supplements, Topical Supplements |
| Key market players worldwide | Alticor Corporate Enterprises, Nestle SA, Meiji Holdings Co Ltd, Unilever PLC, Johnson & Johnson, THG PLC Ordinary Share, Twinlab Consolidated Holdings Inc |
Other key industry trends
- In terms of revenue, South Africa accounted for 0.6% of the global skin care supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia skin care supplements 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 20.0 million by 2030.
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Skin Care Supplements Market Scope
Skin Care Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa skin care supplements 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 skin care supplements market will help companies and investors design strategic landscapes.
Oral supplements was the largest segment with a revenue share of 61.22% in 2023. Horizon Databook has segmented the South Africa skin care supplements market based on oral supplements, topical supplements covering the revenue growth of each sub-segment from 2018 to 2030.
The market rivalry for skin care supplement products in the country is expected to increase significantly over the forecast period. This can be attributed to the rising awareness about skin care supplements, the growing geriatric population, and prevalence of skin aging issues.
According to the Department of Statistics South Africa, over 5 million individuals were estimated to be 60 or older in 2022. Hence, these statistics highlight the increasing demand for antiaging skin care supplement products. Some of the companies and retail platforms operating in the industry are Nativa, Clicks, Chemours (Pty) Ltd t/a SOLAL, and Amway.
Some of the key players are establishing their strong position in the market via partnerships and product launches. For instance, in May 2022, Rihanna announced the launch of Fenty Beauty and Fenty Skin product lines at two retail stores in Africa. This line includes moisturizers, sunscreen, and cleansers.
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Our clientele includes a mix of skin care supplements 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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa skin care supplements market , including forecasts for subscribers. This country databook contains high-level insights into South Africa skin care supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa skin care supplements market size, by product, 2018-2030 (US$M)
South Africa Skin Care Supplements Market Outlook Share, 2023 & 2030 (US$M)
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