Nigeria faces counterfeits challenge

Published: 14-Jan-2015

Growth in personal care has encouraged the trade in fake beauty products

You need to be a subscriber to read this article.
Click here to find out more.

For sub-Saharan Africa's second largest market, Nigeria in West Africa, the personal care products sector has experienced some growth despite several key challenges hindering producers. The sector has grown by more than 30% regarding both sales and production since 2010, a senior official at the Nigerian Association of Indigenous Cosmetics Manufacturers and Suppliers (ASICOMAS) tells SPC. The Nigerian personal care product industry now turns over more than $1.20bn a year, according to the official, and he says that Nigerian sales of colour cosmetics have grown by 35% between 2009 and 2014.

Not yet a Subscriber?

This is a small extract of the full article which is available ONLY to premium content subscribers. Click below to get premium content on Cosmetics Business.

Subscribe now Already a subscriber? Sign in here.
  • Companies:
  • Procter and Gamble
See more

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

Updated: Analysis of 2025’s biggest beauty brand closures – From Ami Colé to REN Clean Skincare

Read more
A saturated market and increasingly volatile conditions are putting strain on the beauty industry as an increasing number of brands, from Ami Colé, Flower Beauty, Jecca Blac and REN Clean Skincare to Youthforia, close their doors this year

Trending Articles

  1. You need to be a subscriber to read this article.
    Click here to find out more.
    Analysis: Estée Lauder Companies’ underperforming brands amid portfolio review CEO Stéphane de La Faverie confirmed the beauty giant is reviewing its brand portfolio as it seeks a return to profitability, placing some of its underperforming brands in the spotlight
  2. You need to be a subscriber to read this article.
    Click here to find out more.
    Why dermatological players Biore, CeraVe and La Roche-Posay are launching spot patches The spot patch category is experiencing a big dermatological takeover, with giants CeraVe, La Roche-Posay and Biore all breaking into the category, Cosmetics Business explores the move…
  3. Boots reveals immersive house party-themed beauty pop-up with ‘scent shower’ The beauty retailer’s three-day activation in London will offer a ‘unique sensorial experience’ to visitors and showcase a range of brands, such as Sacheu and GHD
  4. You need to be a subscriber to read this article.
    Click here to find out more.
    CurrentBody owner The Beauty Tech Group lands £300 million IPO on London Stock Exchange The company, which owns at-home beauty technology brands CurrentBody, Ziip and Tria Lasers, has today launched its initial public offering (IPO), with an initial company valuation of £300 million
  5. Estée Lauder Companies CEO and executive team pay revealed The owner of Clinique and MAC Cosmetics has published executive compensation packages in financial filings, including base salary and bonuses, the latter of which were around half the available pot after a poor performance in 2025

Upcoming event

London Packaging Week 2025

15-16 October 2025 | London, UK See all

You may also like

You need to be a subscriber to read this article.
Click here to find out more.
Colour Cosmetics

Updated: Analysis of 2025’s biggest beauty brand closures – From Ami Colé to REN Clean Skincare

A saturated market and increasingly volatile conditions are putting strain on the beauty industry as an increasing number of brands, from Ami Colé, Flower Beauty, Jecca Blac and REN Clean Skincare to Youthforia, close their doors this year
Packaging

Sustainable materials database for cosmetics packaging becomes free-to-access

PlasticFree’s online resource, providing information on thousands of materials that can be used in cosmetics and other industries instead of plastic, has dropped subscription fees
You need to be a subscriber to read this article.
Click here to find out more.
Skin Care

Hourglass Cosmetics founder acquires and relaunches Nature of Things

Hourglass Cosmetics founder, Carisa Janes, discusses the fine balance in refreshing cult bath, body and skin care brand Nature of Things, while also retaining the original work that was put into it
Finance

Unilever appoints Srinivas Phatak as CFO and board member

Following 26 years at the company and more than six months as acting Chief Financial Officer, the board of directors has appointed Phatak permanently, in addition to a spot on the board
Fragrance

Unilever names sweet scent vanilla as Gen Z’s preferred olfactory note

More traditional aromas, such as cut grass, appeal less to Gen Z, found the consumer goods giant, while millennials and Gen X enjoy the smell of mint and fresh laundry, respectively
You need to be a subscriber to read this article.
Click here to find out more.
Recruitment

From Estée Lauder to Chanel: The beauty industry’s biggest job cuts of 2025

Mass beauty brand owners and luxury firms alike have made layoffs this year amid falling sales and tough economic challenges. Are more to come?
You need to be a subscriber to read this article.
Click here to find out more.
Skin Care

Ponds and JZD launch fashion/skin care collab celebrating Hispanic Heritage Month

The Unilever-owned skin care brand is joining forces with the LGBTQ+-founded lifestyle brand to drop a capsule collection alongside Hispanic Heritage Month
Subscribe now