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(Transportation-News.com, September 06, 2024 ) Morocco Cosmetics Market was valued at USD 1.69 Bn. in 2023 and is expected to reach USD 2.88 Bn. by 2030, at a CAGR of 7.92% during a forecast period 2024-2030.
Morocco's Cosmetics Market is expanding due to rising demand for body sunscreen, lotions, and anti-aging treatments. Other important variables include the expansion of e-commerce, the growing appeal of natural products, and shifting lifestyles encouraged by more discretionary incomes. With its focused marketing efforts and successful business methods, L'Oréal Maroc dominates the Morocco's Cosmetics Market. The organization prioritizes improving communication, growing its distribution network, and developing innovative products. It invested in Morocco for its first television ad in 2020, which greatly increased sales and market share. Through these initiatives, L'Oréal Maroc has been able to stay competitive and adapt to changing consumer needs.
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Morocco Cosmetics Market Segmentation
by Product Type
Skin & Sun Care
Makeup & Colour Cosmetics
Hair Care
Fragrances
Others
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by End-user
Women
Men
by Distribution Channel
Online
Offline
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Morocco Cosmetics Market Key Players:
Unilever PLC
Avon Products, Inc.
The Procter and Gamble Company
Oriflame Holding AG
Dabur International
Maximize Market Research is leading Consumer Goods & Services research firm, has also published the following reports:
Cosmetic Serum Market size was valued at USD 3.86 Bn in 2023 and Cosmetic Serum revenue is expected to reach USD 5.47 Bn by 2030, at a CAGR of 5.1 % over the forecast period.
Anti-Ageing Cosmetics Market was valued at 48.54 Bn. USD for the year 2023 and is expected to grow at a CAGR of 5.9% to become a 72.51 Bn. USD market by the year 2030.
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