12 Things You Don’t Know About The Cosmetics Industry In Africa

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Written by Peter Pedroncelli

The cosmetics industry in Africa is a burgeoning market that is set for increased interest from international brands as well as added opportunities for local entrepreneurs.

From $400 per weekend to $1 million a month, local business successes form part of the cosmetics narrative in Africa, with opportunities waiting to be tapped.

The growing middle class in Africa provides companies with the ideal market to tap into, and beauty continues to be an important aspect of people’s lives all over the continent.

With brands such as L’Oreal and others considering Africa the new frontier for business, the cosmetics industry on the continent is set for accelerated growth in the near future.

We take a look 12 things you may not know about the cosmetics industry in Africa.

Sources: GhanaBusinessNews, Africa-Business, Euromonitor, Smallstarter, CNBCAfrica, BusinessWire.