The African beauty and personal care market was estimated at €9.2 billion in 2017 and currently increases between 8% and 10% per year against a global market growth rate of close to 4%.
According to market research, the beauty industry in the Middle East and Africa was estimated at about $27.1 billion in 2018.
The cosmetic sector in Sub-Saharan Africa is expected to skyrocket in the future and skincare as a segment is growing faster than any other part of the beauty industry.
Nearly 30 percent of all cosmetic products sold in this market every year are in the skincare category.
This is the right time for Fancy Glow to be part of this exponential growth. The adult population of Cameroon is estimated at 13 million people making it a very huge market for Fancy Glow products.
The skincare industry is a baby industry in Cameroon because most of the available products are imported from the USA, Europe or other African countries.
We are psyched to be at the forefront of innovation at this point where every Cameroonian is seeking originality. Africa has a different climate, skin/hair texture, tastes and preferences that most of foreign products cannot cater for, thus Fancy Glow provides African Black Soap and a wide range of other products for light, brown and dark skin complexions made to serve every skin need.
Fancy Glow is a safe organic skincare product range that helps rejuvenate the skin, giving it a unifying glow.
The fact that Cameroon has ratified the African Continental Free Trade Area (AfCFTA) agreement gives Fancy Glow a wide market in Africa.
The AU estimates that the implementation of the AfCFTA will help increase the level of intra-African trade by almost 60% by 2022, create a continental market for goods and services, with free movement of people and capital, and pave the way for creating a Customs Union through better harmonization and coordination of trade liberalization across the continent.
Fancy Glow by Mabetan will not only rejuvenate the skin, it will boost the economy of Cameroon and Africa, provide jobs and also enable other entrepreneurs to earn a living through retailing, distributing and reselling on commissions to make profits.
Welcome the new skincare household brand to care for every African skin keeping it healthy and without blemish. Rejuvenate your skin today with Fancy Glow (www.mabetan.com)
