GCC Cosmetics Market Size, Growth, Share and Forecast to 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “GCC Cosmetics Market Report by Product Type (Skin and Sun Care Products, Hair Care Products, Deodorants and Fragrances, Makeup and Color Cosmetics, and Others), Category (Conventional, Organic), Gender (Men, Women, Unisex), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Pharmacies, Online Stores, and Others), and Region 2023-2028” The study provides a detailed analysis of the industry, including the GCC cosmetics market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Industry Overview: 

The GCC cosmetics market is projected to exhibit a growth rate (CAGR) of 6.89% during 2023-2028.

Cosmetics refer to products applied to the human body for the purpose of enhancing or altering the appearance, fragrance, or texture of the skin. They encompass a broad range of types, including skincare products, makeup, haircare, fragrances, and personal care items. Cosmetics are manufactured using various materials, such as oils, waxes, emollients, colorants, and active ingredients that provide specific benefits. They are widely used for daily personal grooming, professional makeup artistry, specialized medical treatments, anti-aging solutions, sun protection, and various hair and body care routines.

Cosmetics offer skin hydration, ultraviolet (UV) protection, anti-aging effects, acne control, and enhancement of natural features. In addition, they are known for boosting self-confidence, enhancing physical appearance, and treating specific skin or hair conditions.

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GCC Cosmetics Market Demand, Trends and Growth Drivers:

The growing demand for cosmetics due to the rising disposable income in GCC countries, which is increasing consumer spending on premium and specialized products, is propelling the market growth.

Additionally, the presence of a young and rapidly growing population that forms a considerable consumer base is acting as another growth-inducing factor. Furthermore, the increasing urbanization and lifestyle changes, driving the demand for sophisticated grooming and skincare products, are contributing to the market growth. Furthermore, the presence of international brands and easy accessibility to a wide range of products is fueling the market growth. In addition, the expanding travel and tourism industry in the region, boosting the retail sector, including cosmetics, is supporting the market growth.

Apart from this, the growing awareness about the importance of skincare and sun protection in the harsh climatic conditions of the region is further bolstering the market growth. Moreover, rapid digitalization and e-commerce growth, making it easier for consumers to explore and purchase a variety of products, are strengthening the market growth.

Along with this, the shifting trend towards organic and natural products, leading to diversification in the cosmetics sector, is favoring the market growth.

Market Segmentation:

The report has segmented the market into the following categorie

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Key Highlights of the Report:

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