Saudi Women Cosmetics Market to Grow at 11% till 2022
Aggressive advertising
coupled with increasing disposable income, growing youth population and
expanding retail network to drive Saudi Arabia women cosmetics market by 2022
According
to a TechSci Research report, “Saudi
Arabia Women Cosmetics Market, By Type, By Point of Sale, By Age Group, By
Halal Vs. Conventional, By Organized Vs. Unorganized, Competition Forecast
& Opportunities, 2012 – 2022”,
the market of women cosmetics in Saudi Arabia is projected to grow at a CAGR of
over 11% during 2017 – 2022. Growth in the market is anticipated on account of
increasing per capita income, growing inclination of Saudi Arabian women
towards cosmetics products coupled with surging desire among women for trying
new innovative products in order to maintain their youthful look. Moreover, widening
distribution retail network coupled with increasing visibility as well as accessibility
to conventional and halal cosmetics through exclusive outlets, retail showrooms
and online channels is expected to aid the country’s women cosmetics market
during forecast period.
Browse 2 market data Tables and
29 Figures spread through 93 Pages and an in-depth TOC on "Saudi
Arabia Women Cosmetics Market"
https://www.techsciresearch.com/report/saudi-arabia-women-cosmetics-market-by-type-skin-care-color-cosmetics-fragrances-others-by-point-of-sale-online-exclusive-showrooms-etc-by-age-group-by-halal-vs-conventional-by-organized-vs-unorganized-competition-forecast-opportunities/919.html
Saudi
Arabia women cosmetics market is an emerging market with high growth potential.
Continuous product innovations, growing awareness and rising trend of online
shopping are expected to aid the country’s women cosmetics market during forecast
period. According to the World Bank, the percentage of women in the country’s total
workforce was 15.23% in 2014. With favorable government initiatives and growing
trend of workplace gender equality, the percentage of
employed women in the country is expected to increase further in the coming
years, thereby boosting the demand for women cosmetics in Saudi Arabia.
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Saudi
Arabia women cosmetics market has been broadly segmented into four categories,
namely, fragrances, skin care, color cosmetics and others. Among these
categories, fragrances segment dominated the market of women cosmetics in Saudi
Arabia in 2016, and the segment is expected to maintain its dominance over the
next five years as well, owing to growing trend of personal grooming in the
country. Some of the major companies operating in
Saudi Arabia women cosmetics market are Unilever, Procter & Gamble, L’oreal
Groupe, LVMH Moet Hennessy, and Beiersdorf AG, among others.
“In
addition to conventional cosmetics, halal cosmetics, which are free from animal
blood, pork and alcoholic content, are in huge demand among Saudi Arabian
women, and the same trend is expected to continue over the next five years as
well. High disposable income and changing lifestyle pattern among women is
anticipated to intensify the opportunities for women’s cosmetic players
operating in the country.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“Saudi
Arabia Women Cosmetics Market, By Type, By Point of Sale, By Age Group, By Halal
Vs. Conventional, By Organized Vs. Unorganized, Competition Forecast &
Opportunities, 2012 – 2022” has evaluated the future growth potential of
Saudi Arabia women cosmetics market and provides statistics and information on
market size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also identifies and analyzes the emerging
trends along with essential drivers, challenges and opportunities in Saudi
Arabia women cosmetics market.
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