Nigeria Skin Care Market Synopsis

The Nigeria skin care market is expected to reach USD 2.8 billion by 2026, registering a CAGR of 7.6% from 2020 to 2026. The growing demand for cosmetics and beauty products in the country is driving the growth of this market significantly. Skincare products are being increasingly used among Nigerian women for improving their appearance and protecting their skin from various environmental factors such as pollution and ultraviolet radiation exposure. Moreover, rising awareness about advanced skincare products among consumers due to increasing digital penetration is also contributing toward the growth of this market during forecast period 2020-2026.

Market Drivers:

1) Growing Demand for Cosmetics and Beauty Products: The rising inclination towards personal grooming has increased the usage of cosmetics, creams, lotions, body washes, face washes etc., which in turn has contributed immensely to the expansion of Nigeria`s skin care industry over last few years. This trend is anticipated to continue during forecast period as well owing to improved economic conditions and increasing disposable income levels in urban areas across country. 2) Increasing Awareness About Advanced Skincare Products: With improvement in digital connectivity across Nigeria coupled with rise in social media usage, people have become more aware about latest trends related to beauty & skincare products available on global level that could be beneficial for them domestically too. Thus they are showing higher adoption rate toward advanced skin care solutions which would help them improve their overall appearance thereby driving growth of Nigerias skin care market during next 6 year time span.

Key Highlights of the Report:

• Nigeria Skin Care Market Outlook
• Market Size of Nigeria Skin Care Market, 2019
• Forecast of Nigeria Skin Care Market, 2026
• Historical Data and Forecast of Nigeria Skin Care Revenues & Volume for the Period 2016 - 2026
• Nigeria Skin Care Market Trend Evolution
• Nigeria Skin Care Market Drivers and Challenges
• Nigeria Skin Care Price Trends
• Nigeria Skin Care Porter's Five Forces
• Nigeria Skin Care Industry Life Cycle
• Historical Data and Forecast of Nigeria Skin Care Market Revenues & Volume By Product Types for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Skin Care Market Revenues & Volume By Face Creams for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Skin Care Market Revenues & Volume By Body Lotions for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Skin Care Market Revenues & Volume By Distribution Channel for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Skin Care Market Revenues & Volume By Online for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Skin Care Market Revenues & Volume By Offline for the Period 2016 - 2026
• Nigeria Skin Care Import Export Trade Statistics
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Distribution Channel
• Nigeria Skin Care Top Companies Market Share
• Nigeria Skin Care Competitive Benchmarking By Technical and Operational Parameters
• Nigeria Skin Care Company Profiles
• Nigeria Skin Care Key Strategic Recommendations