The global cosmetics market was estimated at USD 262.21 billion in 2022 and is anticipated to reach 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 industry is expected to grow by US$1.26 billion between 2021 and 2025. The sector is worth billions of dollars, and its magnitude changes by close to 10 percent every year.
The GCC cosmetics market size, estimated at US $1.28 billion in 2021, is expected to increase to $2.4 Billion by 2030, at a 6.8% CAGR.
Indisputably, Egypt is one of the prime key players on the African continent when it comes to 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$848.00 million in 2023. The market is expected to grow annually by 7.82% (CAGR 2023–2027).
Witnessing unprecedented outbreaks, the Egyptian beauty and cosmetics sector endorses a flurry of goings-on, with new beauty centers, cosmetics outlets, and perfumery shops mushrooming around the country to meet the incredibly elevating local and regional demand.
Egy Beauty Africa is not only a beauty exhibition, but also a destination for beauty in Africa, North Africa, and Middle East markets.
Meet and connect with more than 10,000 qualified local and international companies, buyers, distributors, and wholesalers. Re-arrange scheduled meetings with a wide range of decision-makers from visitors to hosted buyers during our 3-day exhibition.