Market Size of MEA Beauty And Personal Care Products Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.88 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Middle East & Africa Beauty and Personal Care Market Analysis
The MEA Beauty And Personal Care Products Market size is expected to grow from USD 23.40 billion in 2023 to USD 28.30 billion by 2028, at a CAGR of 3.88% during the forecast period (2023-2028).
The increasing awareness of customers about their appearance is one of the major reasons driving the market expansion. Millennials are increasingly using beauty and personal care items, such as skin care, color cosmetics, and hair care, as part of their regular grooming routine. The emergence of cosmetics with natural, non-toxic, and organic components has also aided market expansion. The simple accessibility of these cosmetic items through various sales channels, such as online stores and e-commerce players, has aided the market's rise in terms of value sales. Furthermore, the growing focus of male customers on skincare and grooming, in order to improve their physical appearance and take better care of their skin, is expected to provide significant potential prospects. Rising consumer awareness about using cosmetics that are vegan, organic, natural, and, at the same time, good for the planet has encouraged consumers to opt for products with such claims.
The market has witnessed substantial growth in the demand for hair care products, coupled with the rise in hair fall problems, which is likely to contribute to the growth of the market during the forecast period. Shampoos made from natural and organic ingredients are becoming increasingly popular in the Middle East and Africa. A growing number of consumers in the Middle East and Africa are seeking natural hair care solutions to address scalp-related issues and hair loss. Manufacturers are continuously expanding their product portfolio, with evolving consumer needs for shampoo products comprising natural ingredients. The increasing dental problems among children and adults, due to poor eating habits, and the rise in the popularity of herbal oral care products are the factors primarily driving the oral care products market in the region.