Saudi Arabia Cosmetics Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025

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Saudi Arabia Cosmetics Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025

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Goldstein Research analyst forecast the Saudi Arabia cosmetics market to expand at a CAGR of 11.4% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 6.8 Billion by 2025 owing to growing market for natural products, personalized products and services. To get more detail read our report: – PowerPoint PPT presentation

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Title: Saudi Arabia Cosmetics Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025


1
Saudi Arabia Cosmetics Market Outlook
Saudi Arabia Cosmetics Market Outlook 2025
Opportunity Growth Analysis, 2017-2025
Report Code CM 1335
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Saudi Arabia Cosmetics Market Outlook
Saudi Arabia Cosmetics Market Size USD (Million).
2017-2025
The Saudi Arabia Cosmetics market registered an
impressive growth of XX in 2017 with huge growth
prospects all over the country. The total
cosmetics market in Saudi Arabia is valued at USD
XX billion in 2017 and is anticipated to reach a
market size of USD XX billion by 2024.
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Saudi Arabia Cosmetics Market Outlook
The UAE and Saudi Arabia are the forefront of the
GCC cosmetics and toiletries sales, having the
largest population and considerable number of
tourists. Additionally, Saudi Arabia has the
lowest percentage of expatriates in the Gulf
region, which provides for a big number of GCC
national consumers with high disposable income.
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On an Average Saudi Arabians consumes cosmetics
worth USD XX per year. Saudi Arabia holds the
largest market share by value and growth, and it
is expected to grow by XX annually.
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  • The average age for the Saudi Arabia nationals is
    XX, and more than half of the local population is
    under 25. Consequences of these demographics for
    the beauty and personal care sector are versatile
    and include specific traits and behaviors 1)
    openness and awareness of new trends, 2)
    propensity to trust advertisement, and 3) limited
    budgets. They follow new trends and are easily
    persuaded by advertisements, as they seek
    information on cosmetics on the Internet, in
    magazines and through other channels
  • The Saudi Arabia consumers aspire to buy high
    quality goods products of global brands, and
    have known to be appreciative of luxury willing
    to pay premium prices for exclusive outstanding
    products.
  • Consumers in Saudi Arabia are expected to spend
    as much as USD XX per capita on premium cosmetics
    in 2017 as compared to USD XX in 2012. Premium
    cosmetics command high shares of the cosmetics
    and toiletries markets in the Gulf countries,
    with XX alone in Saudi Arabia

Saudi Arabia Cosmetics Market Outlook
Personal Disposable Income
Competition
Sample
Millennial
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Organic Natural Cosmetics
Distribution Channel
Saudi Arabia Cosmetics Market Size (USD Million)
Fragrances
Skin Care Products
Hair Care Products
USD XX Million
USD XX Million
2017
USD XX Million
2025
USD XX Million
USD XX Million
USD XX Million
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Research Methodology
Goldstein Research follows a comprehensive and
rigorous research methodology to provide you
accurate estimates and forecast of a particular
market. We provide estimates, forecast and
analysis primarily based on secondary research,
primary interviews, in-house database and other
free as well paid sources. Our company follows
simultaneous top down and bottom approach in
order to provide you the accurate market sizing.
Data triangulation method is strictly followed
where we triangulate the data from all the
aspects, be it Function Type, application,
industry verticals, material, product type or
geography. In addition, the research methodology
we follow is a systematic approach in order to
estimate and project the market sizing keeping in
mind all the on-going and upcoming trends of the
market. We conduct both primary and secondary
research in order to estimate a market and
validate our key findings. We put together our
effort and prepare an inclusive questionnaire
depending on the title of the market we are
tracking and extract the important information we
require to validate our findings. Our team of
Analysts and experts dedicatedly put their effort
to provide you the best possible and accurate
data and analysis. Adding to that technological,
economic, cultural and social aspects along with
the regulatory barriers are completely analysed
to understand the comprehensive market scenario
across different geographies. Understanding the
market from both buyer and seller point of view
is important to track a market and provide
analysis on the same. We not only provide the
market data of the four geographies as a whole,
namely, North America, Europe, Asia-Pacific,
Latin America, Middle East Africa and Rest of
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Research Methodology
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Saudi Arabia Cosmetics Market Size (USD
Million)-2017-2025
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  • Saudi Arabia Cosmetics Market is anticipated to
    expand at a compound annual growth rate of XX
    during the forecast period i.e. 2017-2025. The
    market is anticipated to reach USD XX Million by
    the end of 2025. Cosmetics market positive future
    growth will be driven by longer-term
    urbanization, a reduced drag on the wholesale
    market and an increasing shift toward younger,
    male customers.
  • The Urban middle class segment could drive
    cosmetics market growth by XX over the next 20
    years. For both the luxury and cosmetics
    industries, digital is proving to be a
    game-changer, increasing engagement with
    consumers. Online sales of cosmetics in Saudi
    Arabia has grown by XX in 2017.
  • Cosmetic companies show a solid average EBITDA of
    XX that is expected to grow, although at
    slightly lower rates than those for luxury
    companies. Like luxury companies, most cosmetic
    companies are expected to improve their operating
    margin in the coming years. The key drivers of
    margin growth are firstly operational
    efficiencies and secondly the consumers aspiring
    to increasingly high levels of quality. Overall
    the Saudi Arabia cosmetics industrys capex
    ranges from XX to XX which has been elevated by
    those with retail networks.

7
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Saudi Arabia Cosmetics Market Share (), By
Distribution Channel, 2017-2025
  • The offline sales of Cosmetics accounts for
    highest market share of XX in 2017, worth a
    market size of USD XX Million. Over the forecast
    period online sales market share is projected to
    witness healthy growth owing to increasing
    penetration of technology e-commerce industry
    in Saudi Arabia.
  • Cosmetics and toiletries are mostly sold in Saudi
    Arabia in shopping malls, especially the mass
    brands, which sell in supermarkets and
    hypermarkets located there. The prevalence of
    these distribution channels is driven by consumer
    preference in shopping in malls to avoid hot
    weather and explore each store at a single place.
  • In Saudi Arabia, XX cosmetics are sold in
    hypermarkets, followed by salons acquiring XX
    share and then the remaining standalone
    stores/outlets.

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Saudi Arabia Cosmetics Market Y-O-Y Growth, By
Distribution Channel, 2017-2025
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Saudi Arabia Cosmetics Market Size (USD Million),
By Distribution Channel -2017-2025
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Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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