Saudi Arabia Beauty and Personal Care Market 2019 Research report provides information regarding market size, share, trends, growth, cost structure, capacity, revenue and forecast 2024. This report also includes the overall and comprehensive study of the Saudi Arabia Beauty and Personal Care market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Saudi Arabia Beauty and Personal Care industry and provides data for making Strategies to increase the market growth and effectiveness.
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Saudi Arabia beauty and personal care market is forecasted to reach USD 5.5 billion by 2024 growing at a CAGR of 10.49% during the forecast period (2019-2024).
- Saudi Arabia is the largest market for cosmetic products in the Middle East and Africa. The country has one of the world’s highest consumption rate of cosmetics and is the leading country in the consumption of skin and hair care products in the MEA region. Consumers in Saudi Arabia tend to spend a lot of money on their personal appearance supplementing the cosmetic market in the country.
- Jeddah and Riyadh are the two cities that constitute a major share of a younger population, indicating larger consumption patterns for the cosmetic products market. The demographic variety of consumers also helps companies to introduce variety and new products.
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Scope of the Report
Saudi Arabia beauty and personal care market is segmented by Product type into skin care, hair care, oral care, fragrances, color cosmetics, and others such as lip care, hand care, foot care products which are distributed through specialist retailers, hypermarkets/supermarkets, online retailing, other points of sale. The study covers a thorough future insight and current scenario of the cosmetic market in Saudi Arabia.
Key Market Trends:
Online Retail to Augment the Market Growth
Brands are directing consumers to go online for buying cosmetic products. The e-commerce industry has witnessed tremendous growth in the country, taking the lions chunk, with age groups around 18-50 continuously engaged in shopping and contributing to the growth. E-commerce has come a long way in a short period with more number of customers opting online mode for browsing and buying cosmetic purchases. The e-commerce domain has become an integral part of cosmetic products, with the increase of technology penetration among various age groups. Free returns and wide delivery options are focused by today’s e-tailers, adding value to the e-commerce segment. E-commerce outlets continue to expand their product line with specifications of products and effective price comparison provided to the consumers.
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Color Cosmetic Products Dominate the Cosmetics Market
The color cosmetics segment encompass products that are used to enhance and modify the appearance of a person. It comprises of makeup products for eyes, lips, cheeks, face and nails. The color cosmetic market is greatly influenced by innovation in packaging and design. The growth of retail and e-commerce is helping expand the market further in the country. The desire of consumers to explore new looks and companies producing more efficient and pleasant formulations are fueling innovations in the makeup segment. The market is also witnessing demand from middle-class consumers. Consequently, mid-range economical products are also being launched to cater to the middle-class segment. The sole desire to look attractive among consumers is the greatest driver for the color cosmetics market. In Saudi Arabia, there is an increased demand for neon color trends, ‘Halal cosmetics’, organic and herbal cosmetics, long-lasting and waterproof makeup, sun protecting makeup with SPF, nutrient and vitamin enhanced makeup.
Saudi Arabia beauty and personal care market is highly fragmented and a market major share is held by small manufacturers including Arabian Oud Co and Modern Products Co. Some of the dominant players in the market are Procter & Gamble, Avon Cosmetics and Unilever Plc.
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Some Major Points from Table of Content
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
Market is changing rapidly with the ongoing expansion of the industry. Advancement in the technology has provided today’s businesses with multifaceted advantages resulting in daily economic shifts. Thus, it is very important for a company to comprehend the patterns of the market movements in order to strategize better. An efficient strategy offers the companies with a head start in planning and an edge over the competitors. Industry Research is the credible source for gaining the market reports that will provide you with the lead your business needs.
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