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Pulished Date August, 2021
ID: 12044
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Middle East & Africa Cosmeceuticals Market Research Report – Segmented By Product Type, Distribution Channel & Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) – Industry Analysis on Size, Share, Trends, COVID-19 Impact and Growth Forecast (2021 to 2026)

Pulished: August, 2021
ID: 12044
Pages: 100

MEA Cosmeceuticals Market Size (2021 to 2026)

The size of the Middle East and African cosmeceuticals market is forecasted to be growing at a healthy CAGR from 2021 to 2026.

The beauty and personal care products market in the Middle East and Africa is in infancy due to widespread poverty (in several regions) and several people living on less than USD 2 per day. The high disposable income in Middle Eastern countries will be the reason for their high penetration of luxury cosmeceutical products. These brands are now making their way into developing markets like Nigeria, Kenya, etc., rapidly due to the increase in disposable income and the propensity to spend more on the surface. However, these markets are expected to grow exponentially, even with the low-income population in Africa seeking to maximize their beauty spending to achieve better looks.

A major trend is a growing market for natural and personalized products in the Middle East region. For example, there is increasing interest and demand for halal beauty products in the Middle East region. As the region is mainly composed of the Muslim population, these products have gained great popularity among consumers. However, these products are not limited exclusively to the Muslim community; these products have also gained a market with non-Muslim consumers, which is the main driver of growth for halal and vegan cosmetics in the region.

The driving force for the cosmeceuticals market in the Middle East is due to the high disposable income of the region, especially in the major GCC countries, where the United Arab Emirates and Saudi Arabia has the largest populations and a considerable number of tourists that will help the growth of the industry in the region. In addition, rapid urbanization and the growth of shopping malls and shopping centers have played a key role in changing shopping habits in these developing countries.

A major factor that has shaken the industry, despite its unwavering demand, is the existence of counterfeit products. In addition, multiple factors can be found in taxes and import duties that can hamper growth.

Impact of COVID-19 on the MEA cosmeceuticals market:

Many significant industries have been affected in the Middle East due to the COVID-19. The MEA cosmeceuticals market had a significant drop in revenue in the early phase of the pandemic. Still, slowly the market had picked up its pace following the normalizing of the travel restrictions and commercial sectors. The market is expected to have a steady, healthy growth rate during the post covid- era due to awareness about cosmetics across the region.

This research report on the Middle East & African cosmeceuticals market has been segmented and sub-segmented into the following categories:

By Product Type:

  • Skin Care
  • Hair Care
  • Oral Care

By Distribution Channel:

  • Supermarkets & Specialty Stores
  • Online Platform

By Country:

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

In the Middle East, GCC countries are the fastest-growing cosmetics market due to higher per capita spending on cosmetics. For example, Saudi Arabia's cosmetics market share would increase from 55% of the market in 2017 to 62% in 2020, and the UAE cosmeceuticals market share would increase from 49% to 52% during the same period.

There is also the growing trend of “skincare as health,” which further stimulates the growth of organic and natural products. As a result, the popularity of anti-aging, anti-pollution, and anti-stress products continue to grow. Many big brands have introduced various new products in line with the latest trends in Israel, following the innovations introduced by premium brands.

Regional companies are entering the MEA market to meet growing demands. The Middle East and Africa accounted for around 18.9% of the global revenue share in 2018. Although there is an increasing demand for halal products across the Middle East region, they do not have a comprehensive regulatory system. However, Brunei has an established regulatory system that promotes and manufactures halal products. In addition, many initiatives have been taken by different Islamic countries to integrate the halal industry. For example, the Malaysian Chamber of Commerce has built a marketing center in Dubai to help grow these products and open up opportunities for manufacturers to market their portfolio; this is expected to help drive the market.

KEY MARKET PLAYERS:

A few prominent companies in the MEA cosmeceuticals market profiled in this report are L'Oreal SA, Procter & Gamble, Unilever PLC, Shiseido Co. Ltd, Revlon Inc., Groupe Clarins SA, Beiersdorf AG, and Johnson & Johnson Inc.

  1. Introduction                                                          
    1. Market Definition                                               
    2. Scope of the report                                            
    3. Study Assumptions                                            
    4. Base Currency, Base Year and Forecast Periods                                                     
  2. Research Methodology                                                                    
    1. Analysis Design                                                   
    2. Research Phases                                                 
      1. Secondary Research                                       
      2. Primary Research                              
      3. Data Modelling                                 
      4. Expert Validation                              
    3. Study Timeline                                                    
  3. Report Overview                                                                 
    1. Executive Summary                                           
    2. Key Inferences                                                  
  4. Market Dynamics                                                                
    1. Impact Analysis                                                   
      1. Drivers                                  
      2. Restraints                              
      3. Opportunities                                    
    2. Regulatory Environment                                                  
    3. Technology Timeline & Recent Trends                                                      
  5. Competitor Benchmarking Analysis                                                             
    1. Key Player Benchmarking                                                
      1. Market share analysis                                    
      2. Products/Service                              
      3. Regional Presence                            
    2. Mergers & Acquisition Landscape                                                
    3. Joint Ventures & Collaborations                                                  
  6. Market Segmentation                                                                       
    1. Cosmeceuticals Market, By Product Type
      1. Skin Care
      2. Hair Care
      3. Oral Care
      4. Market Size Estimations & Forecasts (2021-2026)                               
      5. Y-o-Y Growth Rate Analysis                                         
      6. Market Attractiveness Index                                       
    2. Cosmeceuticals Market, By Distribution Channel                                          
      1. Supermarkets & Specialty Stores
      2. Online Platform
      3. Market Size Estimations & Forecasts (2021-2026)                               
      4. Y-o-Y Growth Rate Analysis                                         
      5. Market Attractiveness Index                   
  7. Geographical Landscape                                                                  
    1. Cosmeceuticals Market, by Region                                            
    2. Middle East and Africa                                                     
      1. By Country                                         
        1. Middle East                      
        2. Africa                  
  8. Key Player Analysis                                                             
    1. L'Oreal SA
      1. Business Description                                      
      2. Products/Service                              
      3. Financials                             
      4. SWOT Analysis                                  
      5. Recent Developments                                    
      6. Analyst Overview                              
    2. Procter & Gamble
    3. Unilever PLC
    4. Shiseido Co. Ltd
    5. Revlon Inc.
    6. Groupe Clarins SA
    7. Beiersdorf AG
    8. Johnson & Johnson Inc.
  9. Market Outlook & Investment Opportunities
  10. Appendix                                               
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product type, and distribution channel along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Middle East and Africa Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  2. Middle East and Africa Skin Care Market, By Region, From 2021 to 2026 (USD Billion)
  3. Middle East and Africa Hair Care Market, By Region, From 2021 to 2026 (USD Billion)
  4. Middle East and Africa Oral Care Market, By Region, From 2021 to 2026 (USD Billion)
  5. Middle East and Africa Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  6. Middle East and Africa Supermarkets & Specialty Stores Market, By Region, From 2021 to 2026 (USD Billion)
  7. Middle East and Africa Online Platform Market, By Region, From 2021 to 2026 (USD Billion)
  8. Middle East Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  9. Middle East Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)
  10. Africa Cosmeceuticals Market, By Product Type, From 2021 to 2026 (USD Billion)
  11. Africa Cosmeceuticals Market, By Distribution Channel, From 2021 to 2026 (USD Billion)

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