The global morocco
cosmetics market size is expected to reach USD 1.93 billion by
2025, according to a new report by Grand View Research, Inc., 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.
Browse full research report on Morocco Cosmetics Market: https://www.grandviewresearch.com/industry-analysis/morocco-cosmetics-market
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.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/personal-care-and-cosmetics
Grand
View Research has segmented the Morocco cosmetics market on the basis of
product, sales channel, and gender:
Morocco
Cosmetics Product Outlook (Revenue, USD Million, 2014 - 2025)
- Skin &
sun care products
- Haircare
products
- Deodorants
- Makeup &
color cosmetic products
- Fragrances
Morocco
Cosmetics Sales Channel Outlook (Revenue, USD Million, 2014 - 2025)
- Retail
- Online
Morocco
Cosmetics Gender Outlook (Revenue, USD Million, 2014 - 2025)
- Male
- Female
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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