
Nigeria’s beauty and personal care products market is set to grow from USD 1,059.7 million in 2024 to USD 1,867.1 million by 2030, representing a 9.9% CAGR and underscoring the sector’s resilience despite a turbulent macroeconomic backdrop. High inflation and the steep depreciation of the naira have driven up import costs, pushing retail prices sharply higher and eroding consumer purchasing power. This pressure has forced many households to scale back spending or shift to more affordable alternatives, reshaping the competitive landscape and placing a premium on cost-effective offerings.
Yet expectations of economic recovery over the medium term are creating a more optimistic outlook for premium and mid-tier products, as improved household incomes could revive demand for higher-value categories. Even under current constraints, a segment of consumers continues to prioritize efficacy and benefits, showing willingness to pay for products promising exfoliation, brightening, anti-aging, and other targeted results. This reflects a shift from price-led consumption to a more discerning approach, where formulation and performance weigh more heavily in purchase decisions.
Consumer interest in “clean beauty” is also reshaping the market, with a rising preference for products free from additives and featuring natural or plant-based ingredients. This mirrors global trends and provides opportunities for local and international brands to differentiate through transparency and sustainability. At the same time, Nigeria’s young and image-conscious demographic—especially women—forms a steady base of demand, anchoring the sector’s long-term potential.
Social media has become a powerful growth lever, amplifying smaller domestic brands and driving discovery through influencer-led tutorials, product reviews, and trend-driven marketing campaigns. This digital ecosystem is eroding traditional barriers to entry and allowing agile brands to reach a broader audience at lower cost. As the macroeconomic environment stabilizes, the convergence of demographic dynamism, evolving consumer priorities, and digital marketing sophistication positions Nigeria’s beauty and personal care market for robust expansion through 2030.
Providing a holistic view of the Nigeria beauty and personal care products market, this report analyzes historical performance from 2020 to 2024 and projects trends through 2030. It evaluates market size, growth rates, and key segments, uncovering the forces driving change in the sector. With a focus on product type, price range, consumer group and distribution channel, the report delivers a detailed analysis to inform strategic planning and market positioning.
Market Segmentation
The Nigeria beauty and personal care products market is structured as follows:
Product type: bath products, color cosmetics, deodorants, depilatory products, perfumes and fragrances, hair care products, men’s grooming products, oral care, skin care products, sun care products
Price range: premium products, mass products
Consumer group: baby/child, adult
Distribution channel: beauty and personal care stores, direct selling, e-commerce, forecourts, general merchandise stores, hypermarkets, pharmacies, small grocery stores, supermarkets, others
In Nigeria, the beauty and personal care products market is segmented by product type, price range, consumer group and distribution channel. The categorization of the market by product type includes bath products, color cosmetics, deodorants, depilatory products, perfumes and fragrances, hair care products, men’s grooming products, oral care, skin care products, and sun care products. Price range segments encompass premium products, and mass products. Consumer group segments consist of baby/child, and adult. Distribution channel segmentation comprises beauty and personal care stores, direct selling, e-commerce, forecourts, general merchandise stores, hypermarkets, pharmacies, small grocery stores, supermarkets, and others.
Competitive Landscape
The competitive landscape of the beauty and personal care products market has been analyzed, with a focus on key players such as Unilever PLC, Beiersdorf AG, PZ Cussons Plc, The Procter & Gamble Company (P&G), Kenvue Inc., L’Oreal S.A., Colgate-Palmolive Company, Kao Corporation, Franemm Industries Limited, N.N. FEMS Industries Ltd., LABO DERMA SAS, Haleon plc, Godrej Group, Oriflame Cosmetics S.A., Reckitt Benckiser Group plc (RB), Dabur India Limited, Wipro Limited, Ekulo Group of Companies, Societe BIC S.A., SoulMate Industries Limited, Dorco Co. Ltd., Mary Kay Inc., Revlon Inc., Givanas Industry Nigeria Limited, Jabones Pardo S.A., Clear Essence Cosmetics USA Inc., New Milani Group LLC, Coty Inc., Edysmart Nigeria Limited and BioCosmetic Research Labs.
The report provides a detailed assessment of prominent companies within the beauty and personal care products market, tracking their performance from 2020 to 2024. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
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Obtain precise statistical data and forecasts for the Nigeria beauty and personal care products market.
Gain in-depth analysis and forecasts for the key segments of the Nigeria beauty and personal care products market: product type, price range, consumer group and distribution channel.
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Gain deep insights into the dynamics of the Nigeria beauty and personal care products market.
Identify high-potential investment opportunities by targeting growth sectors and emerging trends.
Anticipate the future trajectory of the Nigeria beauty and personal care products market with informed projections.
Assess the competitive landscape to determine the ideal timing for capitalizing on market opportunities.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Market Segmentation
Market Overview
Nigeria Beauty and Personal Care Products Market – Product Type Analysis
Nigeria Beauty and Personal Care Products Market – Price Range Analysis
Nigeria Beauty and Personal Care Products Market – Consumer Group Analysis
Nigeria Beauty and Personal Care Products Market – Distribution Channel Analysis
Company Shares Analysis
Unilever PLC
Beiersdorf AG
PZ Cussons Plc
The Procter & Gamble Company (P&G)
Kenvue Inc.
L’Oreal S.A.
Colgate-Palmolive Company
Kao Corporation
Franemm Industries Limited
…
Macroeconomic Data and Forecast
Research Methodology
Disclaimer
FIGURES AND TABLES
Table Nigeria Beauty and Personal Care Products Market 2020-2030
Chart Nigeria Beauty and Personal Care Products Market, Net Growth, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market, Growth Rates, 2020-2030
Table Nigeria Beauty and Personal Care Products Market by Product Type, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Product Type, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Product Type, 2020-2030
Table Nigeria Beauty and Personal Care Products Market by Price Range, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Price Range, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Price Range, 2020-2030
Table Nigeria Beauty and Personal Care Products Market by Consumer Group, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Consumer Group, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Consumer Group, 2020-2030
Table Nigeria Beauty and Personal Care Products Market by Distribution Channel, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Distribution Channel, CAGR Historic and Forecast, 2020-2030
Chart Nigeria Beauty and Personal Care Products Market by Distribution Channel, 2020-2030
Table Nigeria Beauty and Personal Care Products Market Share (%), by Companies, 2020-2024
Chart Nigeria Beauty and Personal Care Products Market, by Companies, 2024
Table Nigeria Beauty and Personal Care Products Market Share (%), by Brands, 2020-2024
Chart Nigeria Beauty and Personal Care Products Market, by Brands, 2024
Table Nigeria – Population (Millions) and Forecast
Table Nigeria – Consumer Price Index (CPI) and Forecast
Table Nigeria – Gross Domestic Product and Forecast
Table Nigeria Beauty and Personal Care Products Market: Spend as a Proportion of GDP (%)
Table Nigeria Beauty and Personal Care Products Market: Consumption per Capita (Population)
Companies Mentioned
Unilever PLC
Beiersdorf AG
PZ Cussons Plc
The Procter & Gamble Company (P&G)
Kenvue Inc.
L’Oreal S.A.
Colgate-Palmolive Company
Kao Corporation
Franemm Industries Limited
N.N. FEMS Industries Ltd.
LABO DERMA, SAS
Haleon plc
Godrej Group
Oriflame Cosmetics S.A.
Reckitt Benckiser Group plc (RB)
Dabur India Limited
Wipro Limited
Ekulo Group of Companies
Societe BIC S.A.
SoulMate Industries Limited
Dorco Co., Ltd.
Mary Kay Inc.
Revlon, Inc.
Givanas Industry Nigeria Limited
Jabones Pardo S.A.
Clear Essence Cosmetics USA, Inc.
New Milani Group LLC
Coty Inc.
Edysmart Nigeria Limited
BioCosmetic Research Labs
$675.0
What's Inside?
→ Market Estimates, Forecasts & Historical Data
→ Critical Performance Data and Rankings
→ Emerging Trends, Market Changes
→ PDF Report and Excel Datasheet