Skip to main content

Posts

Showing posts with the label Saudi Arabia Cosmetics Market Analysis

Saudi Arabia Cosmetics Market is Expanding at a CAGR of 11.4% Over the Forecast Period (2017-2025)

According to Goldstein Research, Saudi Arabia Cosmetics Market is expected to reach USD 6.8 billion by 2025, growing at a compounded annual growth rate of 11.4% over the forecast period 2017-2025. Cosmetics market of Saudi Arabia is driven by the factors such as high disposable income of people, large number of tourists and increasing statistics of working women in the country who tends to buy more cosmetics. Saudi Arabia cosmetics market segmentation has been carried out on the basis of product type, end users, demography and distribution channel and geography. Based on product type, premium fragrances and perfume segment accounted for 30.0% market share, followed by hair and skin care cosmetic products. Saudi Arabia cosmetics market largely deals in the international bestselling cosmetic products. Moreover the trend of halal cosmetics that maintains the integrity and authenticity of culture in the country is also highly contributing to the growth of cosmetics industry of Saudi Ar...