Press Releases
Cosmetic Skin Care Market: Forthcoming Development And Forecast By 2024

, 12 July 2018 -- Cosmetic Skin Care Market: In-Depth Analysis On Forthcoming Development And Forecast By 2024

MENA Cosmetic Skin Care Market: Snapshot

The Middle East and North Africa (MENA) has exhibited rapid economic development in the past few years. This, coupled with political stability achieved by major economies, has attracted leading players in the skin care cosmetic industry toward the region. The middle-income population in the region has risen considerably in the last few years. Plus consumers have become more aware about their health and wellness, beauty being a major concern among aging population. The region therefore demonstrates ample opportunities for the growth of the cosmetic skin care market.

Get Brochure For More Information@

Also the skincare market occupies a major share in the region’s cosmetic industry. According to an article published by cosmetic business in 2014, 40% of women, between age 30 and 40 years, in the region undergo cosmetic treatment. Thus in response to the increasing awareness about the aesthetic and cosmetic look, the demand for cosmetic skin care products is rising sharply. The demand for skin care products such as anti-aging, skin whitening, anti-acne, and sensitive skin has been recorded quite high in the Middle East and North Africa (MENA) region. Thus, the growing inclination toward better personal aesthetics is creating a substantial demand for cosmetic skin care products in MENA.

The MENA cosmetic skin care market is therefore forecast to reach US$6.29 bn by the end of 2024. The market’s valuation in 2015 was at US$3.18 bn. If these figures hold true, the MENA cosmetic skin care market will exhibit a CAGR of 8.0% between 2016 and 2024.

Market to Continue Gaining from Rising Demand for Anti-Aging Products

On the basis of type of product, the Middle East and North Africa (MENA) cosmetic skin care market is segmented into – anti-aging, skin whitening, sensitive skin, anti-acne, dry care, bath and shower, intimate hygiene, and other products. The product categories such as anti-aging and skin whitening agents boast stronghold in the cosmetics skin care market. Of these, the anti-aging segment emerged dominant with a share of 25.2% in the market in 2015. Considering the opportunities prevalent for this category of skincare product, the leading skin care companies are focusing on the anti-aging and skin whitening product innovation.

Based on distribution channel, the Middle East and North Africa (MENA) cosmetic skin care market is categorized as super markets and hyper markets, departmental stores and convenience stores, spas, pharmacies, and others. A substantial share in the population still prefer direct purchase from malls instead of online portals. Thus, the super markets and hyper markets segment is likely to continue as the leading segments in the market, expanding at a significant growth rate. However, the increasing Internet penetration has set a good platform for online purchasing and is anticipated to expand further at a substantial rate.

Middle East Emerges Lucrative in MENA Cosmetic Skin Care Market

Regionally, the MENA cosmetic skin care market is bifurcated into the Middle East and North Africa. Among these, the Middle East held a larger share of 69.6% in the overall market in 2015. Through the course of the report’s forecast period, the region’s dominance is expected to remain unaffected. Furthermore, share held by the Middle East cosmetic skin care market is forecast to increase on account of the increasing disposable income of consumers and the rising willingness to spend on cosmetic and skin care products. The high market penetration of leading companies and growth of medical tourism also aid growth witnessed by the cosmetic skin care market in the Middle East.

Some of the most prominent names in the MENA cosmetic skin care market are Shiseido Company, Limited, The Estée Lauder Companies Inc., Beiersdorf AG, The Body Shop International plc., THALGO COSMETIC GmbH, Natura Bissé International, S.A., The Aromatherapy Company, L’Oréal Group, ESPA International Ltd., Éminence Organic Skin Care, Pevonia Global, Shiffa Dubai Skin Care Cosmetics LLC,, Unilever, Guinot S.A., Laboratories IPRAD, SkinMedica Inc., and Obagi Medical Products, Inc.

Download ToC Of Research Report@

# # #

Submitted by K Singha on Thursday, 12 July 2018 at 7:17 PM
Category: Science & Research
Related News

Global Hemostat Powder Market Status and Forecast 2024
Monday, 18 Mar 2019

Global Clinical Dental Market Status and Forecast 2025
Thursday, 7 Mar 2019

Global Composite Adhesive Tape Market: Analysis & Forecast 2019-2023
Thursday, 7 Mar 2019

Global Paper and Pulp Market Report-2024
Wednesday, 6 Mar 2019

Global Hospital Furniture Market: Application, Opportunity and Forecast 2024
Tuesday, 5 Mar 2019

Related Events

Aerospace Mental Health and Wellbeing Conference RAeS London - 22/23 May 2019
Wednesday, 22 May 2019

20th International Union for Quaternary Research Congress (INQUA 2019)
Thursday, 25 Jul 2019

Latest News

JeetWin to Launch Bollywood Diva Slot Game, featuring Bollywood Actress Sunny Leone
Thursday, 21 Mar 2019

Hemorrhoids Treatment Market Analysis and Research Report by Experts 2025
Thursday, 21 Mar 2019

Sarcopenia Treatment Market Analysis and Research Report by Experts 2025
Thursday, 21 Mar 2019

Leishmaniasis Treatment Market Growth and Sales Forecast 2017 - 2025
Thursday, 21 Mar 2019

Chemotherapy-induced Nausea and Vomiting TreatmentS Market Analysis and Research Report by Experts 2
Thursday, 21 Mar 2019

Want to get your press releases, event listings, and job ads on Scoopasia? Register now for a FREE account or login if you already have one!
Scoopasia v1.0b. Copyright © 2019
Today is Thursday, 21 March 2019

About Scoopasia | FAQ | Privacy Policy | Contact Us

Press Releases
Event Listings
Job Listings
Arts & Entertainment
Architecture & Construction
Automotive & Travel
Consumer Technology
Enterprise Technology
Food & Fashion
Government & Policy
Health Care & Medical
News & Media
Science & Research
Sports & Fitness
Login / Register
Get Scoopasia through RSS Feeds & Email Notifications!

Journalist's Toolbox
Hello journalist, welcome to Scoopasia--a powerful online resource for media information in Asia. Scoopasia has press releases and media events for every beat and industry. All content on Scoopasia is 100% FREE. You don't even need to login!

  • Scoop Line
    (Instant Information Request)
    The easiest way to ask questions and request information from the PR community.

  • Advanced Search
    Drill down, dig deep, for media information the way you want it.

  • Journalist's Resources
    Resources and tools you can't do without.

  • PR Tools
    Scoopasia Blog Search
    Search the largest handpicked collection of Asia's most prominent and influential blogs.

  • PR Bookmarks
  • Web 2.0 Bookmarks
  • Media Bookmarks

    More Coming Soon...

  • Upcoming Events
  • Innate Killer Summit 2019
  • Credit Week 2019, London
  • Middle East Pharmaceutical Cold Chain Conference
  • ICO-IO Combinations Summit 2019
  • EG Media Tech

  • Latest Jobs
    Sorry, there are currently no entries posted here.