Middle East Cosmetic Foundation Market Seen Soaring 7.0% Growth, Projects Univdatos Market Insights
- Himanshu Patni
- November 18, 2023
- CONSUMER GOODS, NEWS
- Middle East Cosmetic Foundation Market, Middle East Cosmetic Foundation Market Share, Middle East Cosmetic Foundation Market Size, Middle East Cosmetic Foundation Market Trends
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According to a new report by Univdatos Market Insights, the Middle East Cosmetic Foundation Market is expected to reach USD xx Million in 2030 by growing at a CAGR of 7.0%. The Middle East cosmetic foundation market has been growing steadily in recent years. One of the major factors driving the growth of the market is the increasing disposable income and changing lifestyles of consumers in the region. As people become more conscious about their appearance, the demand for cosmetic products like foundation, including brands from both local and international manufacturers, has been increasing.
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The Middle East is experiencing a growing beauty-conscious population, with a significant increase in interest and spending on beauty and personal care products. This trend can be attributed to several factors:
1. Increasing disposable income: The Middle East has seen a rise in disposable incomes, which has allowed individuals to spend more on beauty products and services. As people have more money to invest in their appearance, the beauty industry has seen significant growth.
2. Influence of social media and celebrity culture: Social media platforms, particularly Instagram and YouTube, have popularized beauty trends and encouraged self-expression through makeup and personal grooming. Influencers and celebrities from the region have also played a crucial role in driving beauty consciousness by sharing their beauty routines and promoting various products.
3. Changing societal norms: Middle Eastern societies are evolving and becoming more accepting of beauty and grooming practices. There is a growing recognition that self-care and personal appearance are important for self-esteem and confidence. This shift in mindset has driven individuals to invest more time and money in taking care of themselves.
Fig1: Cosmetic Industry Statistics in Saudi Arabia
Apart from this, in certain Middle Eastern countries with a predominantly Muslim population, there is an increasing demand for halal-certified cosmetics. Halal certification ensures that the product and its ingredients are permissible according to Islamic dietary laws. Manufacturers aiming to target this market segment may need to obtain halal certification for their foundations to comply with local consumer preferences and regulations.
Cosmetic Foundation Associations in the Middle East Region:
· Cosmetics and Personal Care Products Manufacturers’ Association of Turkey (KOSDER)
o Based in Turkey, this association focuses on promoting the cosmetics industry and its interests in the Middle East and beyond.
· Saudi Cosmetic Association (SCA)
o The SCA aims to enhance the growth and development of the cosmetics industry in Saudi Arabia by providing education, research, and networking opportunities.
Click Here To View the Report Description & TOC – https://univdatos.com/report/middle-east-cosmetic-foundation-market/
Conclusion
The Middle East cosmetic foundation market has been growing steadily in recent years. One of the major factors driving the growth of the market is the increasing disposable income and changing lifestyles of consumers in the region. As people become more conscious about their appearance, the demand for cosmetic products like foundation, including brands from both local and international manufacturers, has been increasing.
There have been several recent developments in the cosmetic industry in the Middle East. One significant trend is the rise of local cosmetic brands that are gaining popularity not only within the region but also globally. One example is Huda Beauty, a cosmetic brand founded by Iraqi-American beauty blogger Huda Kattan. The brand has gained a massive following and is known for its high-quality products and innovative formulas. Huda Beauty has expanded its product range to include a wide range of cosmetic products, including foundations, which have been highly praised for their inclusive shade range and long-lasting formula.