Middle East Foundation Market Seen Soaring 7.0% Growth, Projects Univdatos Market Insights
- Himanshu Patni
- November 18, 2023
- CONSUMER GOODS, NEWS
- Middle East Foundation Market, Middle East Foundation Market Share, Middle East Foundation Market Size, Middle East Foundation Market Trends
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According to a new report by Univdatos Market Insights, the Middle East Foundation Market is expected to reach USD xx Million in 2030 by growing at a CAGR of 7.0%. There are several factors driving the growth of the foundation industry in the Middle East region. One of the key factors is the increasing demand for beauty and personal care products. As people become more conscious about their appearance and beauty, the demand for cosmetic ingredients is expected to grow. This includes ingredients for skincare, haircare, and makeup products. Adding to this, increasing focus on natural and organic ingredients is also anticipated to contribute towards the growth of the foundation market. There is a growing demand for natural and organic cosmetic products due to a rising preference for chemical-free, sustainable, and environmentally friendly options. Consumers are increasingly seeking ingredients derived from natural sources like plant extracts, essential oils, and herbal extracts. This trend has led to the development and commercialization of natural and organic cosmetic ingredients, driving market growth.
Access sample report (including graphs, charts, and figures) – https://univdatos.com/get-a-free-sample-form-php/?product_id=47279
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.
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.
Leading associations related to cosmetic ingredients in the United Arab Emirates (UAE)
· Cosmetic Ingredients Committee (CIC)-
o CIC is a specialized technical committee formed by the Emirates Authority for Standardization and Metrology (ESMA) in the UAE. It focuses on the standardization and regulation of cosmetic ingredients in the country.
· Dubai Association of Beauty and Health (DABH)
o DABH is a professional association in Dubai that brings together professionals in the beauty and health industry, including cosmetic ingredient suppliers and manufacturers. It aims to promote best practices and networking opportunities within the sector.
· Dubai Cosmetics Association (DCA)
o DCA is a non-profit organization in Dubai that represents the interests of the cosmetics industry. It brings together various stakeholders, including cosmetic ingredient suppliers, to collaborate on strengthening the sector.
· Middle East Sulphates Association (MESA)
o MESA represents suppliers of sulphate-based ingredients used in cosmetics and personal care products in the Middle East region, including the UAE. It promotes the responsible and sustainable use of such ingredients in industry.
Click Here To View the Report Description & TOC – https://univdatos.com/report/middle-east-foundation-market/
Conclusion
The Middle East 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. In recent years, there has been a growing trend toward healthier and more sustainable ingredients in the food and beverage industry. This has led to an increased demand for organic, natural, and plant-based ingredients in the Middle East.
The UAE has a thriving ingredient industry, catering to various sectors such as food and beverages, cosmetics, pharmaceuticals, and personal care products. The country has invested heavily in research and development to support the growth of this industry. One of the key ingredients in the UAE’s ingredient industry is date syrup. Date syrup is widely used as a natural sweetener and flavor enhancer in several food and beverage products. The UAE is one of the leading producers of dates globally, making it a significant player in the ingredient industry.