COVID-19 Impacts: Haircare Market in Africa Will Accelerate at a CAGR of Over 7% Through 2020-2024 | Demand for Natural Hairc...
August 06 2020 - 5:00PM
Business Wire
Technavio has been monitoring the haircare market in Africa and
it is poised to grow by USD 936.32 million 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.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20200806005660/en/
Technavio has announced its latest market
research report titled Haircare market in Africa 2020-2024
(Graphic: Business Wire).
Technavio suggests three forecast scenarios (optimistic,
probable, and pessimistic) considering the impact of COVID-19.
Please Request Free Sample Report on COVID-19 Impact
Frequently Asked Questions-
- What was the value of the haircare market in Africa in
2019?
- Technavio says that the value of the market was USD 2,320.79
million in 2019 and is projected to reach USD 3,257.11 million by
2024.
- At what rate is the market projected to grow during the
forecast period 2020-2024?
- Growing at a CAGR of over 7%, the market growth will accelerate
in the forecast period.
- What is the key factor driving the market?
- Demand for natural haircare products is one of the key factors
driving the market growth.
- 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.
- Which region is expected to hold the highest market share?
- Rest of Africa
- What is the year-over-year growth rate of the global
market?
- The year-over-year growth rate for 2020 is estimated at
5.66%.
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. To make the 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.
Demand for natural haircare products has been instrumental in
driving the growth of the market.
Haircare Market in Africa 2020-2024: Segmentation
Haircare Market in Africa is segmented as below:
- Product
- Shampoo
- Conditioner
- Hair Color
- Hair Styling Products
- Other Haircare Products
- Geographic Landscape
- Kenya
- Nigeria
- Rest Of Africa
- South Africa
- Distribution channel
To learn more about the global trends impacting the future of
market research, download a free sample:
https://www.technavio.com/talk-to-us?report=IRTNTR41021
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.
Our haircare market in Africa report covers the following
areas:
- Haircare Market size in Africa
- Haircare Market trends in Africa
- Haircare Market analysis in Africa
This study identifies the growing partnership of vendors with
salons as one of the prime reasons driving the haircare market
growth in Africa during the next few years.
Haircare Market in Africa 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the
haircare market in Africa, including some of the vendors such as
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. Backed with competitive intelligence and
benchmarking, our research reports on the haircare market in Africa
are designed to provide entry support, customer profile and
M&As as well as go-to-market strategy support.
Register for a free trial today and gain instant access to
17,000+ market research reports. Technavio's SUBSCRIPTION
platform
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:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- 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 condition
Market Segmentation by Product
- Market segments
- 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
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- 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
- Market drivers
- 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 challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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.
- Unilever Group
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions. With over 500 specialized analysts,
Technavio’s report library consists of more than 17,000 reports and
counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including
more than 100 Fortune 500 companies. This growing client base
relies on Technavio’s comprehensive coverage, extensive research,
and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive
positions within changing market scenarios.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200806005660/en/
Technavio Research Jesse Maida Media & Marketing
Executive US: +1 844 364 1100 UK: +44 203 893
3200 Email: media@technavio.com Website:
www.technavio.com/