Global Morocco Cosmetics Market Size is Expected to Reach USD 1.93 billion by 2025
21-may-2019 The global morocco cosmetics market registering a CAGR of 7.5% during the forecast period. The growth can be attributed to surging demand for premium cosmetic products, majorly driven by increasing purchasing power of consumers.
Rising consumption of cosmetic products by women owing to increasing westernization in the country is estimated to be a key factor driving the market. Growing demand for personal care and grooming products from male consumers is also anticipated to bolster the growth of the market over the forecast period. E-commerce platforms are projected to play a significant role in supporting the growth of the Morocco cosmetics market owing to high convenience they offer to consumers.
The industry is registering an increase in the number of male consumers. Changing climatic conditions and lifestyles are prompting men to use cosmetic products in their daily routines. Fragrances, skin care, and hair care products are increasingly being used by both men as well as women.
Morocco has consistently outperformed other African countries in terms of its ranking in various global retail indexes. The relatively stable political atmosphere in the country and widening base of middle class population are providing a significant push to the market.
The country has made considerable strides in recent years related to investments in infrastructure. One such example is of investments made to improve infrastructure in the Tangier free trade zone. Such developments in the country are attracting investors from across the globe.
Further key findings from the report suggest:
• The makeup & color cosmetics segment is likely to exhibit the highest CAGR of 8.1% during the forecast period
• Morocco has a significant competitive edge in the production and export of argan oil
• A major chunk of the demand for cosmetic products in Morocco is generated by people with a higher income and modern lifestyles, staying in large cities
• New product launches and establishment of strategic partnerships with luxury salons are expected to remain a critical success factor for the hair care market over the forecast period.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope & assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Key Takeaways
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/morocco-cosmetics-market/request-sample
Chapter 3 Morocco Cosmetics: Market Variables, Trends, and Scope
3.1 Market segmentation & scope
3.2 Penetration & growth prospect mapping
3.3 Value chain analysis
3.4 Skin care and high - end cosmetics - market trends
3.5 Morocco Consumer Behavior
3.6 Regulatory scenario
3.7 Morocco's demography
3.8 Market dynamics
3.8.1 Market driver analysis
3.8.1.1 Changing lifestyle and growing disposable income
3.8.1.2 Growing preference for natural ingredients in cosmetics
Chapter 4 Morocco Cosmetics Market: Product Estimates & Trend Analysis
4.1 Morocco cosmetics market share, by product, 2017 & 2025
4.2 Morocco cosmetics market estimates & forecasts, by product, 2014 - 2025 (USD Million)
4.2.1 Skin & sun care
4.2.1.1 Morocco skin & sun care cosmetics market estimates & forecasts, 2014 - 2025 (USD Million)
4.2.2 Hair care
4.2.2.1 Morocco hair care cosmetics market estimates & forecasts, 2014 - 2025 (USD Million)
4.2.3 Deodorants
If you have any special requirements, please let us know and we will offer you the report as you want.
Rising consumption of cosmetic products by women owing to increasing westernization in the country is estimated to be a key factor driving the market. Growing demand for personal care and grooming products from male consumers is also anticipated to bolster the growth of the market over the forecast period. E-commerce platforms are projected to play a significant role in supporting the growth of the Morocco cosmetics market owing to high convenience they offer to consumers.
The industry is registering an increase in the number of male consumers. Changing climatic conditions and lifestyles are prompting men to use cosmetic products in their daily routines. Fragrances, skin care, and hair care products are increasingly being used by both men as well as women.
Morocco has consistently outperformed other African countries in terms of its ranking in various global retail indexes. The relatively stable political atmosphere in the country and widening base of middle class population are providing a significant push to the market.
The country has made considerable strides in recent years related to investments in infrastructure. One such example is of investments made to improve infrastructure in the Tangier free trade zone. Such developments in the country are attracting investors from across the globe.
Further key findings from the report suggest:
• The makeup & color cosmetics segment is likely to exhibit the highest CAGR of 8.1% during the forecast period
• Morocco has a significant competitive edge in the production and export of argan oil
• A major chunk of the demand for cosmetic products in Morocco is generated by people with a higher income and modern lifestyles, staying in large cities
• New product launches and establishment of strategic partnerships with luxury salons are expected to remain a critical success factor for the hair care market over the forecast period.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope & assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Key Takeaways
Request a Sample Copy of This Report: https://www.radiantinsights.com/research/morocco-cosmetics-market/request-sample
Chapter 3 Morocco Cosmetics: Market Variables, Trends, and Scope
3.1 Market segmentation & scope
3.2 Penetration & growth prospect mapping
3.3 Value chain analysis
3.4 Skin care and high - end cosmetics - market trends
3.5 Morocco Consumer Behavior
3.6 Regulatory scenario
3.7 Morocco's demography
3.8 Market dynamics
3.8.1 Market driver analysis
3.8.1.1 Changing lifestyle and growing disposable income
3.8.1.2 Growing preference for natural ingredients in cosmetics
Chapter 4 Morocco Cosmetics Market: Product Estimates & Trend Analysis
4.1 Morocco cosmetics market share, by product, 2017 & 2025
4.2 Morocco cosmetics market estimates & forecasts, by product, 2014 - 2025 (USD Million)
4.2.1 Skin & sun care
4.2.1.1 Morocco skin & sun care cosmetics market estimates & forecasts, 2014 - 2025 (USD Million)
4.2.2 Hair care
4.2.2.1 Morocco hair care cosmetics market estimates & forecasts, 2014 - 2025 (USD Million)
4.2.3 Deodorants
If you have any special requirements, please let us know and we will offer you the report as you want.
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