Browsing: african beauty

happy black mom and daughter in bathrobes sitting 2022 12 16 06 52 40 utc 1

The Future of Beauty and Cosmetics in Africa: A Market Analysis

Investing

In recent years, the value of the African market for beauty products has skyrocketed. According to a report by Research And Markets, the African beauty and cosmetics industry is projected to increase from its current level to $22.8 billion by 2025, a compound annual growth rate of 5.5%.

One important reason for this growth is the rising demand for cosmetics made from natural, regional ingredients. Natural resources such as shea butter, coconut oil, and baobab oil have helped make several African countries well-known around the world. These natural ingredients not only help the skin, but they also promote the use of locally sourced resources, which is good for the economy and the job market.

The beauty industry in Africa is booming thanks in part to the rising demand for halal-certified products. Many Muslims choose to buy items that are labeled "Halal" because they are compliant with Islamic law. Considering Africa's…

…
Rihanna's Fenty Beauty to touch base in 8 African Markets. www.theexchange.africa

Rihanna’s promise as Fenty Beauty enters African market

Industry and Trade

Rihanna, the global pop singer, turned billionaire entrepreneur, has announced that her Fenty range of beauty and skincare items will now be available in Africa. As a result, the African debut of the Fenty premium cosmetics line will enhance the constantly demanding beauty and cosmetics business while also putting pressure on other luxury brands vying for a slice of the fast-growing multi-billion dollar beauty market pie.

According to the Barbados-born ” Diamonds ” singer, whose birth name is Robyn Fenty, the African debut of Fenty Beauty and Fenty Skin cosmetics products, funded by French luxury goods giant LVMH, will begin in eight African markets by the end of May 2022.

“I’ve been looking forward to this moment. “Fenty Beauty and Fenty Skin are finally available in Africa,” she said on her verified Twitter account. “On May 27, we will attack Botswana, Ghana, Kenya, Namibia, Nigeria, South Africa, Zambia, and Zimbabwe,” …