The Eye Make-Up Preparations market in South Africa has shown fluctuations over the past decade. The market size value, expressed in Million US Dollars, experienced a decline from 2012 to 2014, followed by periods of growth and small contractions. Notably, the market saw substantial growth in 2016 and a slight drop in 2019 and 2020. However, it regained momentum in 2021 and maintained stability in 2022.
When examining year-on-year variations, the market exhibited significant ups and downs. The highest growth rate occurred in 2016 (9.48%), while the most noteworthy decline was in 2019 (-6.87%). Over the past two years (2021-2022), the market grew by approximately 0.83%. Additionally, the compound annual growth rate (CAGR) across the last five years has been minimal, indicating a relatively flat market trend.
Future trends to watch for in the Eye Make-Up Preparations market in South Africa include:
- An increasing demand for eco-friendly and natural products, driven by consumer awareness and preference for sustainable options.
- Technological advancements in product formulations that offer better performance and longer wear.
- Expansion of digital channels and e-commerce platforms as key sales drivers.
How does South Africa rank in Eye Make-Up Preparations Market Size Value?
| # | 48 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,452,000,000 | 2023 | +3.21% | +3.5% | View data |
| 2 | 2 Japan | 1,536,100,000 | 2023 | +2.96% | +1.8% | View data |
| 3 | 3 United Kingdom | 1,465,000,000 | 2023 | +1.19% | +1.98% | View data |
| 4 | 4 Germany | 1,291,800,000 | 2023 | +1.62% | +1.53% | View data |
| 5 | 5 Canada | 1,056,500,000 | 2023 | +2.11% | +2.2% | View data |
| 22 | 22 Denmark | 78,256,000 | 2023 | -0.53% | -0.96% | View data |
| 23 | 23 New Zealand | 74,839,000 | 2023 | +3.8% | +3.64% | View data |
| 24 | 24 South Africa | 73,558,000 | 2023 | +0.8% | -0.28% | |
| 25 | 25 Greece | 71,781,000 | 2023 | -0.043% | -1.47% | View data |
| 26 | 26 Ireland | 71,566,000 | 2023 | +0.49% | +0.025% | View data |
