The GCC cosmetics market is projected to exhibit a growth rate (CAGR) of 6.89% during 2023-2028. The increasing consciousness about personal grooming, rising disposable incomes of consumers, growing demand for organic and natural products, and the imposition of favorable policies by the regional governments represent some of the key factors driving the market.
Cosmetics encompass a broad range of products specifically crafted to augment or modify the body's appearance or scent. This vast category comprises products for skincare, hair care, makeup, fragrances, and personal grooming, among others. These products are thoughtfully formulated using a variety of ingredients like emollients, dyes, preservatives, humectants, and aromatic compounds, catering to diverse skin types and aesthetic inclinations. Cosmetics play a pivotal role in skincare regimens, hair dressing, beauty enhancement, shielding against environmental aggressors, concealment of flaws, personal cleanliness, bolstering self-worth, and upholding a professional look. They are instrumental in refreshing the skin, fostering healthier hair, enhancing physical attractiveness, providing sun defense, and elevating confidence levels. Cosmetics also offer opportunities for relaxation and self-pampering, expression of personal fashion, refinement of personal grooming, and increasing the durability of makeup. Along with this, the careful application of cosmetics advances personal hygiene, wards off early aging, safeguards the skin from excessive free-radical damage, and promotes overall well-being.
GCC Cosmetics Market Trends:
The GCC cosmetics market is experiencing robust growth propelled by the increasing consciousness about personal grooming, wellness, and beauty among consumers. Along with this, the rising disposable income of consumers in the region, which facilitates the purchase of premium and higher-quality cosmetic products, is boosting the market growth. Furthermore, the rapid influx and availability of international cosmetic brands in the region, which provides access to renowned beauty brands and products, is positively influencing the market growth. In addition, aggressive marketing and promotional activities by product manufacturers through television (TV) commercials, paid advertisements, and influencer marketing to attract new customers, improve brand visibility, and raise awareness about their various product offerings are strengthening the market growth. Apart from this, the growing demand for natural and organic products that are non-toxic, skin-friendly, and improve overall aesthetics while maintaining a healthy skin condition is contributing to the market growth. Additionally, the increasing female workforce participation is facilitating product demand to maintain a professional appearance in the workplace. Moreover, the imposition of favorable policies by the regional governments to encourage international brands to establish their stores in the region is acting as another growth-inducing factor. Besides this, the rising investment by key market players in developing new and innovative products to cater to the increasing consumer demands is favoring the market growth. Other factors, including rapid urbanization, extensive research and development (R&D) activities, and the presence of a large expatriate population, are anticipated to drive the market growth.
GCC Cosmetics Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the GCC cosmetics market report, along with forecasts at the regional and country levels for 2023-2028. Our report has categorized the market based on product type, category, gender, and distribution channel.
Product Type Insights:
- Skin and Sun Care Products
- Hair Care Products
- Deodorants and Fragrances
- Makeup and Color Cosmetics
The report has provided a detailed breakup and analysis of the market based on the product type. This includes skin and sun care products, hair care products, deodorants and fragrances, makeup and color cosmetics, and others.
A detailed breakup and analysis of the market based on the category has also been provided in the report. This includes conventional and organic.
A detailed breakup and analysis of the market based on gender has also been provided in the report. This includes men, women, and unisex.
Distribution Channel Insights:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
A detailed breakup and analysis of the market based on the distribution channel has also been provided in the report. This includes supermarkets and hypermarkets, specialty stores, pharmacies, online stores, and others.
- Saudi Arabia
The report has also provided a comprehensive analysis of all the major regional markets, which include Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman.
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
GCC Cosmetics Market Report Coverage:
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product Type
- Distribution Channel
|Product Types Covered
||Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Makeup and Color Cosmetics, Others
||Men, Women, Unisex
|Distribution Channels Covered
||Supermarkets and Hypermarkets, Specialty Stores, Pharmacies, Online Stores, Others
||Saudi Arabia, UAE, Qatar, Bahrain, Kuwait, Oman
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the GCC cosmetics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the GCC cosmetics market?
- What is the breakup of the GCC cosmetics market on the basis of product type?
- What is the breakup of the GCC cosmetics market on the basis of category?
- What is the breakup of the GCC cosmetics market on the basis of gender?
- What is the breakup of the GCC cosmetics market on the basis of distribution channel?
- What are the various stages in the value chain of the GCC cosmetics market?
- What are the key driving factors and challenges in the GCC cosmetics market?
- What is the structure of the GCC cosmetics market and who are the key players?
- What is the degree of competition in the GCC cosmetics market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the GCC cosmetics market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the GCC cosmetics market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the GCC cosmetics industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.