Technavio has been monitoring the haircare market in Africa and it is poised to grow by USD 936.32 mn during 2020-2024, progressing at a CAGR of over 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Haircare market in Africa 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Partnership of vendors with salons is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 5.66% and the incremental growth of the market is anticipated to be $ 936.32 mn.
Who are the top players in the market?
Amka Products (Pty) Ltd., Combe Inc., Henkel AG & Co. KGaA, Johnson & Johnson, L'Oréal SA, Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Co. Inc., The Procter & Gamble Co., and Unilever Group., are some of the major market participants.
What is the key market driver?
The demand for natural haircare products is one of the major factors driving the market.
How big is the Rest of Africa market?
The Rest of Africa region will contribute 38% of the market share.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Amka Products (Pty) Ltd., Combe Inc., Henkel AG & Co. KGaA, Johnson & Johnson, L'Oréal SA, Revlon Inc., Shiseido Co. Ltd., The Estée Lauder Co. Inc., The Procter & Gamble Co., and Unilever Group. are some of the major market participants. The demand for natural haircare products will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Haircare Market in Africa 2020-2024: Segmentation
Haircare Market in Africa is segmented as below:
Hair Styling Products
Other Haircare Products
Rest Of Africa
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Haircare Market in Africa 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The haircare market in Africa report covers the following areas:
Haircare Market in Africa Size
Haircare Market in Africa Trends
Haircare Market in Africa Industry Analysis
This study identifies partnership of vendors with salons as one of the prime reasons driving the haircare market growth in Africa during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Haircare Market in Africa 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist haircare market growth in Africa during the next five years
Estimation of the haircare market size in Africa and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the haircare market in Africa
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of haircare market vendors in Africa
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five Forces Summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product placement
Shampoo - Market size and forecast 2019-2024
Conditioner - Market size and forecast 2019-2024
Hair color - Market size and forecast 2019-2024
Hair styling products - Market size and forecast 2019-2024
Other haircare products - Market size and forecast 2019-2024
Market opportunity by Product
South Africa - Market size and forecast 2019-2024
Nigeria - Market size and forecast 2019-2024
Kenya - Market size and forecast 2019-2024
Rest of Africa - Market size and forecast 2019-2024
Market opportunity by geography
Drivers, Challenges, and Trends
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher priced units
Market positioning of vendors
Amka Products (Pty) Ltd.
Henkel AG & Co. KGaA
Johnson & Johnson
Shiseido Co. Ltd.
The Estée Lauder Co. Inc.
The Procter & Gamble Co.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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