Morocco Cosmetics Market Worth $1.93 Billion By 2025


Posted July 8, 2020 by sitakant

The global morocco cosmetics market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc.,

 
The global morocco cosmetics market size is expected to reach USD 1.93 billion by 2025, according to a new report by Grand View Research, Inc., registering a CAGR of 7.5% during the forecast period. The growth can be attributed to surging demand for premium cosmetic products, majorly driven by increasing purchasing power of consumers.
Rising consumption of cosmetic products by women owing to increasing westernization in the country is estimated to be a key factor driving the market. Growing demand for personal care and grooming products from male consumers is also anticipated to bolster the growth of the market over the forecast period. E-commerce platforms are projected to play a significant role in supporting the growth of the Morocco cosmetics market owing to high convenience they offer to consumers.
The industry is registering an increase in the number of male consumers. Changing climatic conditions and lifestyles are prompting men to use cosmetic products in their daily routines. Fragrances, skin care, and hair care products are increasingly being used by both men as well as women.
Morocco has consistently outperformed other African countries in terms of its ranking in various global retail indexes. The relatively stable political atmosphere in the country and widening base of middle class population are providing a significant push to the market.

For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/morocco-cosmetics-market

The country has made considerable strides in recent years related to investments in infrastructure. One such example is of investments made to improve infrastructure in the Tangier free trade zone. Such developments in the country are attracting investors from across the globe.
Further Key Findings from the Report Suggest:
• The makeup & color cosmetics segment is likely to exhibit the highest CAGR of 8.1% during the forecast period
• Morocco has a significant competitive edge in the production and export of argan oil
• A major chunk of the demand for cosmetic products in Morocco is generated by people with a higher income and modern lifestyles, staying in large cities
• New product launches and establishment of strategic partnerships with luxury salons are expected to remain a critical success factor for the hair care market over the forecast period.

To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/morocco-cosmetics-market/request/rs1

Grand View Research has segmented the Morocco cosmetics market on the basis of product, sales channel, and gender:
Morocco Cosmetics Product Outlook (Revenue, USD Million, 2014 - 2025)
• Skin & sun care products
• Haircare products
• Deodorants
• Makeup & color cosmetic products
• Fragrances
Morocco Cosmetics Sales Channel Outlook (Revenue, USD Million, 2014 - 2025)
• Retail
• Online
Morocco Cosmetics Gender Outlook (Revenue, USD Million, 2014 - 2025)
• Male
• Female

For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/5093/ibb

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakant
Country United States
Categories Business , Industry , Manufacturing
Tags morocco cosmetics market , morocco cosmetics market forecast , morocco cosmetics market outlook
Last Updated July 8, 2020