South Africa Men’s Grooming Products Market Expands at 7.07% CAGR to Surpass USD 527 Million by 2030

Published | 27 September 2024

South Africa Men’s Grooming Products Market is flourishing because of a growing emphasis on personal grooming and an increasing influencer and media impact.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated South Africa Men’s Grooming Products Market size at USD 328.47 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects South Africa Men’s Grooming Products Market size to expand at a CAGR of 7.07% reaching a value of USD 527.33 million by 2030. Major growth factors for South African Men’s Grooming Products Market include an increasing emphasis that men are placing on personal cleanliness and grooming as a result of the rise of influencer and celebrity culture, as well as the growing shift in disposition about traditional ideals of masculinity.

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Opportunity - Rising On-trade Application of Men’s Grooming Products

The increasing number of unisex and male salons in the country is directly influencing the growing demand for men’s grooming products in South Africa. Men are increasingly focusing on their appearance as a result of growing consciousness towards personal hygiene and flourishing celebrity culture. In addition, the increasing need for a neat look to give a positive impression and professionalism is also propelling the market growth for men’s grooming products. That's due to the fact that many hiring organizations place a high value on upholding a professional image of their business and brand, and appearance is a crucial factor in the recruiting process.

Impact of Escalating Geopolitical Tensions on South Africa Men’s Grooming Products Market

The escalating geopolitical tensions negatively impact the growth of South Africa Men’s Grooming Products Market. The country is primarily dependent on imports of grooming supplies. Geopolitical conflicts, on the other hand, cause supply chain disruption, which results in a market scarcity of men's grooming goods and a price hike. There may be a notable drop in the market demand for men's grooming goods as a result of the economic instability caused by these disputes, which also influences consumer purchasing patterns. Furthermore, brand associations with certain geopolitical positions might lead to a shift in customer allegiance as a result of geopolitical tensions. It could potentially harm the growth of the Men’s Grooming Products Market in South Africa.

Online Retail Is Fastest Growing Distribution Channel

The online retailers segment is projected to register the fastest growth rate in South Africa Men’s Grooming Products Market by distribution channel during the forecast period. The increasing popularity of online stores, such as Amazon.com, Shopify, BigCommerce, Square Online, and others in South Africa is influencing the growth of the online retail segment. Online shopping offers convenience of faster delivery and easy returns, better prices and various modes of payment. The other major distribution channels in South Africa Men’s Grooming Products Market include supermarkets & hypermarkets, specialty stores, pharmacies & drugstores, convenience stores, and department stores.

Competitive Landscape

South Africa Men’s Grooming Products market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include The Procter & Gamble (P&G) Company, L’Oréal SA, Unilever Plc, Estee Lauder Companies, Inc., Beiersdorf AG, Reckitt Benckiser, Coty, Inc., Orchid Lifesciences, Heni Cosmetics, and Edgewell Personal Care.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in South Africa Men’s Grooming Products Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends in South Africa Men’s Grooming Products Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in South Africa Men’s Grooming Products Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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