Skincare in South Africa
SummarySkincare in South Africa industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The skincare market consists of the retail sale of facial care, body care, hand care, depilatories, and make-up remover products. The market is valued according to retail selling price (RSP) and includes any applicable taxes. All currency conversions have been made using constant annual average 2024 exchange rates.
- The South African Skincare market recorded revenues of $802.3 million in 2024, representing a compound annual growth rate (CAGR) of 1.1% between 2019–24.
- Market consumption volume increased with a CAGR of 0.7% between 2019–24, reaching a total of 266.4 million units in 2024.
- The sluggish growth of the South African skincare market during the review period was largely influenced by a slow economic growth rate, a decline in consumer spending on non-essential commodities, and consumers' buying behavior, where consumers are looking for value-for-money products.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the skincare market in South Africa
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the skincare market in South Africa
- Leading company profiles reveal details of key skincare market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the South Africa skincare market with five year forecasts
Reasons To Buy
- What was the size of the South Africa skincare market by value in 2024?
- What will be the size of the South Africa skincare market in 2029?
- What factors are affecting the strength of competition in the South Africa skincare market?
- How has the market performed over the last five years?
- Who are the top competitors in South Africa's skincare market?
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