GCC Skincare Market Fueled by Body Care Segment During the Forecast Period
According to TechSci Research report, “GCC Skincare Market”- By Region, Competition Forecast and Opportunities, 2018-2028”, In recent years, the GCC skincare market has expanded significantly owing to the factors such as growing e-commerce websites and an increasing number of product launches.
The category of products intended to improve and maintain the appearance of human skin is referred to as "skin care products." Products that sustain skin integrity, enhance beauty, and treat skin problems are categorized as skincare products. To avoid acne, dark spots, and early indications of aging, they are applied to the skin. Customers have access to a wide range of products, including toners, oils and serums, cleansers, body lotions, and creams with alpha-hydroxy acids, beta-hydroxy acids, and retinol as their primary ingredients.
Consumers in the GCC countries are becoming more interested in skincare products. The concept of creams, serums, and moisturizers enriched with natural components is likely to experience significant demand over the forecast period due to the growing consumer preference toward natural beauty products. Since these products are thought to be more efficient and to have little to no negative effects, it is anticipated that more people would use them.
Face creams and moisturizers are getting more and more popular all over the world as people become more conscious of their physical appearance and more worried about skin conditions and skin cancer. Additionally, as more consumers choose cruelty-free goods due to their growing concern for animal welfare and the environment, there is an increased demand for vegan components or ingredient combinations that are derived from plants in these goods. Therefore, the increasing consumer awareness regarding skin-related products, personal hygiene, and skincare fuels the demand for skin care products in GCC countries.
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The GCC skincare market is segmented into product type, type, distribution channel, and region.
Based on product type, the market is segmented into face care and body care. Among these segments, the body care segment has a significant share in the market during the forecast period due to the factors such as increasing consumer awareness regarding body care products and personal hygiene.
Based on distribution channels, the market is segmented into exclusive beauty specialist stores, multi-branded beauty specialist stores, supermarkets/hypermarkets, online channels, departmental stores/ grocery stores, and others. Among these distribution channels, the online segment is the fastest-growing segment in the market during the forecast period. People's buying habits have changed substantially because of the internet distribution channel, which provides advantages like doorstep delivery, simple payment options, steep discounts, and the availability of a large variety of products on a single platform.
Based on country, the market is segmented into Saudi Arabia, UAE, Qatar, Kuwait, Bahrain, and Oman. Among these, Saudi Arabia has a significant share of the market during the forecast period due to the factors such as its large population and the increasing number of working women populations.
Major operating companies operating in the GCC Skincare Market are:
- Unilever Gulf FZE
- The Procter & Gamble Company
- The Estée Lauder Companies Middle East FZE
- Beiersdorf Middle East
- Shiseido Group Middle East LLC
- L'Oréal Middle East FZE
- Avon Cosmetics
- Louis Vuitton Malletier SAS
- Revlon Consumer Products Corporation
- Johnson & Johnson Middle East FZ LLC
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“The young population's growing propensity to use skin nutrition products to treat skin problems such acne, black spots, scars, dullness, and tanning is expected to fuel growth in the GCC skincare market. While toners, cleanses, and sunscreen are in great demand among younger consumers, commodities that address wrinkles and damaged heels are in high demand among older consumers. The sector is also expected to expand in the years to come as a result of consumers' shifting buying patterns and consistently changing lifestyles.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
GCC Skincare Market By Product Type (Face Care & Body Care), By Type (Organic & Conventional), By Distribution Channel (Exclusive Beauty Specialist Stores, Multi Branded Beauty Specialist Stores, Supermarkets/Hypermarkets, Online Channels, Departmental Stores/ Grocery Stores, Others), By Region, By Company, Forecast & Opportunities, 2018-2028F, has evaluated the future growth potential of GCC skincare market and provides statistics & 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 decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the GCC skincare market.
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