Mideast skin care products to cross millions of dollars by 2027

Mideast skin care products to cross millions of dollars by 2027

 Market research from Allied Middle East skin care products market by type and purpose: potential analysis and industry forecast, 2021-2027, according to a recent report from Allied Market Research A CAGR of 5.8% is expected to occur between 2021 and 2027 for the Middle East skin care products market, which was valued at $1,781.1 million in 2019 and is anticipated to reach $1,926.6 million by 2027. 

A growing young population, more disposable income, improved awareness of personal well-being, and the need to establish and maintain a positive sense of identity and self-image have all contributed to a growth in the adoption of skin care products in recent years.

The Middle East skin care products market is expected to rise in the next years due to an increase in demand for herbal and natural skin care products. Additionally, chances for the Middle East skin care products market are anticipated to increase during the projected period due to government backing for cosmetic companies looking to expand locally.

Procter & Gamble, Johnson & Johnson Services, Inc., Kao Corporation, Unilever Plc., L'Oréal S.A., and Beiersdorf AG are some of the major companies profiled in the Middle East skin care products industry report.

Social media influencers and beauty bloggers are developing new market expansion opportunities. Additionally, an increase in product knowledge and advertisements on social media platforms like Twitter, Facebook, YouTube, and Instagram has raised awareness of skin care products, particularly among millennial and generation X consumers in the Middle East. Additionally, a number of regional YouTube stars are now running well-liked channels to show product reviews and tutorials, which in turn fuels the market's expansion.

Comments