Cosmetics Industry Overview

The Global Cosmetics Manufacturing industry ; develops, designs, produces and markets not only personal care goods for everyday use, such as deodorant, shaving cream and dental floss, but also more specialty cosmetic products, such as tooth whitening strips, eyeliner and perfume. Since all of the industry's products are manufactured along a wide spectrum of quality and price options, the variability of these markets and products acts to somewhat cushion the industry from drastic changes in revenue. Further, demand for luxury discretionary cosmetics and beauty products that can be sold at higher price points has increased, thereby boosting profitability for many operators. 

Total global sales in 2020 was ; a whopping $483 billion. With an annual growth rate of 4.75%, total revenue is expected to top $716 billion by 2025.- Skincare was the leading category, for about 42 percent of the global   market. - Hair care products made up a further 22 percent, - Make-up accounted for 16 percent in 2020. - Skin care is one of the most profitable product category, as  its revenue is projected to generate roughly 177 billion U.S. dollars in 2025.- As of 2020, Asia Pacific was the industry leader, accounting for approximately 43 percent of the global market.

Three Key Trends in Cosmetics Manufacturing;

Natural and Organic Cosmetics; The biggest sub-category of the clean beauty movement, natural and organic products, continues to see significant growth. A 2018 report projected the global organic personal care market to top $25 billion by 2025, more than doubling from $12.9 billion in 2017. More brands are looking to meet the standards set by the National Organic Program (NOP), and brands making “natural” claims face increasing pressure to provide full transparency and clear evidence for their claims.

Vegan Cosmetics; Amid the COVID-19 crisis, the global market for Vegan Cosmetics estimated at US$15.1 Billion in the year 2020, is projected to reach a revised size of US$20.6 Billion by 2026, growing at a CAGR of 5.1% over the analysis period. Skin Care, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$7.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hair Care segment is readjusted to a revised 5.1% CAGR for the next 7-year period.

Cosmetic Good Manufacturing Practices (GMPs); relate to a set of comprehensive guidelines that help cosmetic businesses consistently manufacture products that are safe and of high quality. The word 'cosmetic' here refers to goods or materials intended to alter, enhance, cleanse, or groom one's face or body. They can range from makeup and fragrances to products such as soap, lip balms, shower gels, creams, lotions, body powders, and hair products. Apart from cosmetics, Good Manufacturing Practices also exist for other consumer products including food, drugs, and supplements.

Africa and Middle East Cosmetics Industry Overview;

Euro-monitor International valued; the beauty and personal care industry in the Middle East and Africa at about US$25.4 billion – with the market expected to grow by 6.4 percent yearly over the next four years during 2021-2025, making the Middle East and Africa the fastest-growing region in beauty and personal care products.

On 1 January 2021, free trading officially commenced; under the African Continental Free Trade Area (AfCFTA). The trade agreement will create the largest free trade area in the world measured by the number of countries participating. The pact connects 1.3 billion people across 55 countries with a combined gross domestic product (GDP) valued at US$3.4 trillion.

Egyptian Cosmetics Market.  Egypt Exports of essential oils, perfumes, cosmetics, toiletries was US$571.66 Million during 2020, and expected to reach US $850 Million in 2026. Egypt's membership of COMESA regional economic bloc, and AfCFTA, along with its strategic location linking the Asia and EMEA, makes the country the gateway to the East and North African markets, with favorable trade agreements. This factor makes the country a significant importer and exporters of several products, such as food, beverages, cosmetics, and pharmaceuticals..