The global cosmetics market was estimated at USD 262.21 billion in 2022 and is expected toreach USD 272.43 billion in 2023. The African cosmetics and beauty goods sector will experience a historic expansion.According to forecasts, the African beauty and personal care business is predicted to growby US$1.26 billion between 2021 and 2025. The sector is worth billions of dollars and isincreasing by close to 10 percent every year.
GCC cosmetics market size, which was estimated at US $1.28 billion in 2021, is expected toincrease to $2.4 Billion by 2030, at a 6.8% CAGR.
Indisputably, Egypt is one of the prime key players in the African continent when it comes tothe Beauty & Personal Care products; with a total market size that is projected to grow by 6.98% (2023-2027) resulting in a market volume of US$3.09bn in 2027.
Revenue in the Egyptian Cosmetics segment amounts to US $848.00m in 2023. The market isexpected to grow annually by 7.82% (CAGR 2023-2027).