Title: Saudi Arabia Cosmetics Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025
1Saudi Arabia Cosmetics Market Outlook
Saudi Arabia Cosmetics Market Outlook 2025
Opportunity Growth Analysis, 2017-2025
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2Saudi 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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3Saudi 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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4- 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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6Saudi 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.
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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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