What is Cosmetic?
Cosmetics are constituted mixtures of chemical compounds derived from either natural sources, or synthetically created ones.
Cosmetics have various purposes. Those designed for personal care and skin care can be used to cleanse or protect the body or skin.
Top Cosmetic Companies In South Africa
Colgate-Palmolive Company, Unilever South Africa, Procter & Gamble, L’Oréal SA, and The Estée Lauder Companies are the major companies operating in South Africa Cosmetics and Personal Care Products Market.
How big is the cosmetic industry in South Africa?
South Africa is Africa’s largest market for cosmetics and personal care products. In 2018, the sector recorded close to US$3.2bn in revenue. >
Household spending on personal care products is expected to grow by 25% over the next five years.
How many Cosmetic Companies are there In South Africa?
There are around 250 players operating in South Africa’s formal cosmetics sector, with the growth over the past two years coming mainly from the SMME sector.
Is the cosmetics business profitable in South Africa?
The cosmetics business is one of the most profitable businesses in South Africa. The demand for cosmetics and beauty products is high in South Africa.
Many people want to look good, creating a demand for cosmetics and beauty products. Cosmetics business profit margin in South Africa is 35 percent.