Title: Middle East Luxury Cosmetics Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025
1Middle East Luxury Cosmetics Market Outlook
Middle East Luxury Cosmetics Market Outlook
2025 Opportunity Growth Analysis, 2017-2025
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2Middle East Luxury Cosmetics Market Size (USD
Billion)-2017-2025
Sample
Source Goldstein Research
- Middle East Luxury 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. Luxury 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 class Urban middle class segment
could drive luxury 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 net sales of luxury cosmetics
in Middle East has grown by XX in 2017 versus
last year as the focus on e/m-commerce, digital,
and social media efforts have increased to reach
and engage prospective consumers. - 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 Middle East luxury cosmetics industrys capex
ranges from XX to XX which has been elevated by
those with retail networks.
3Middle East Luxury Cosmetics Market Outlook
Middle East Luxury Cosmetics Market Share(), By
Product Type-2017
Middle East Luxury Cosmetics Market Size USD
(Billion). 2017-2025
Sample
Source Goldstein Research
Source Goldstein Research
In 2017, Premium Fragrances accounted for the
highest market share XX in Middle East
Luxury Cosmetics Market
With XX share in 2017, Kingdom Of Saudi Arabia
dominated the Middle East Luxury Cosmetics market
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4Middle East Luxury Cosmetics Market Outlook
- The Middle East luxury cosmetics market
registered an impressive growth of XX in 2017
with huge growth prospects all over the country.
The total luxury cosmetics market in Middle East
is valued at USD XX billion in 2017 and is
anticipated to reach a market size of USD XX
billion by 2025. - 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. - On an Average Middle East 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. Saudi Arabia
cosmetics market is forecasted on the basis of
revenue analysis, product benchmarking and
strategic developments of key market players. - The average age for the Middle East residents 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 Middle East 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 highest shares of the cosmetics
and toiletries markets in the Gulf countries,
with XX alone in Saudi Arabia
Personal Disposable Income
Competition
Sample
Millennial
Organic Natural Cosmetics
Distribution Channel
Middle East Luxury Cosmetics Market Size (USD
Billion)
Qatar
KSA
UAE
USD XX Billion
2017
USD XX Billion
USD XX Billion
2025
USD XX Billion
USD XX Billion
USD XX Billion
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5Region and Market Outlook-2017
Middle East Consumers Preference for Organic,
Natural and Chemical Based Beauty Products,
2017-2025
Sample
Source Goldstein Research
Middle East, Cosmetics Production Share (), By
Product Types, 2017
Source Goldstein Research
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6- High Disposable Income Of People
- A considerable group of Middle East nationals can
afford premium brands having a high disposable
income, and they also compare favorably with
spending levels in the traditionally
high-spending markets of France, UK and the US.
One of the studies found that top XX consumers
in the Saudi Arabia spend almost USD XX per
capita a year on cosmetics. - Per capita spend on premium cosmetics has been
increasing at a remarkable rate. Consumers in
Middle East are expected to spend as much as USD
XX per capita on premium cosmetics in 2017 as
compared to USD XX in 2015. As the young
generation will enter into the job market and
dispose freely of their income, market of premium
cosmetics will grow as they will have good
awareness of products and their shopping will be
value-driven. Experts say that the market is
already witnessing premiumisation, as consumers
are increasingly looking for products designed to
tackle specific problems or offer clearly defined
benefits. Those products usually feature a higher
unit price than standard versions. - The Middle East as a whole benefits from a young
population, with more than XX being under the
age of 30. In the GCC, the regions wealthiest
countries, the proportions range from XX (UAE)
to XX (Saudi Arabia). In the UAE, Emirati
teenagers spend USD XX per month on clothes and
accessories, more than six times the global
average for their peer group.
Sample
Middle East Per Capita Expenditure on Cosmetics,
2017-2025
GCC Nationals Top Reasons for Shopping
Middle East Luxury Growth Timeline
2009-10 XX 2010-11 XX 2011-12
XX 2011-14 XX 2014-16 XX
Source Goldstein Research
- Impact Analysis-
- Huge population with high personal disposable
income towards cosmetics tends to be the major
driving factor of the market. - Although young generation have limited purchasing
power, but due to the fact that they are more
enlightened towards fashion cosmetics, over the
forecast period this population would have high
purchasing power and will be the target segment
of each company.
7- Brand Awareness and Consumer Preferences
- Ultimately, luxury brands, like most consumer
facing brands, need to deliver an engaging,
exciting and efficient shopping experience to all
their customers regardless of channel. Social
media allows the opportunity to issue short but
frequent messages, which works really well for
luxury brands as their products and image are
inherently aesthetic - so their message carries
well in this format. For example, the visual
nature of Instagram, the social photo and
video-sharing app, makes it a natural platform
for luxury and fashion brands. In addition, the
space constraints force the brands to be more
conversational and approachable, which is an
excellent way to engage fans and to reduce the
perception of coldness, sometimes associated with
luxury brands. - Luxury brands do not necessarily have to be small
to be considered exclusive. Brand DNA is best
maintained if the brand keeps control over the
entire business, from the product design and
sourcing of raw ingredients to distribution and
marketing. Having complete control of where and
how a product is sold is essential. Many brands
are shifting towards opening more directly
operated stores because that allows them to
control how the product is displayed and
presented to the final consumer, ensuring that
all aspects of the brand DNA are properly
transmitted. However, the idea that small is
beautiful has not been lost on the luxury
conglomerates - big luxury groGiorgio Armani SPA
are looking to invest in early stage brands with
growth potential.
Sample
Consumer Preferences () To Shop For Luxury
Cosmetics, By Different Demographics
- Impact Analysis-
- Cargo life cycle assessment is necessary in order
to comply with the norms and regulations. Thus,
the assessment involves use of time and money and
disrupting the manufacturing processes and
eventually the supply of materials.
Impact on Middle East Luxury Cosmetics Market
8Middle East Luxury Cosmetics Market Share (), By
Distribution Channels, 2017-2025
- In 2017, e-retail accounted for XX of middle
east luxury goods consumption, and it is forecast
to carve out a XX share of the market in 2025.
Faced with this e-tail acceleration, luxury
labels are absolutely forced to adapt their
strategies. - The luxury industry has accepted the idea that
digital distribution is a priority, since it is
one of its most significant growth vectors. Proof
of this are the growing presence of luxury brands
on the web in China, one of the key markets for
the luxury goods market today, and the increase
in online sales of high-end products in the USA. -
- This kind of expansion has several strategic
implications. The first, predictable one is the
shrinking of brick-and-mortar store networks,
starting with monobrand stores but especially
affecting wholesale clients. According to
analysts, this kind of 'rationalisation' is
essential in order to preserve the perceived
exclusivity of brands and their long-term value.
Sample
Source Goldstein Research
Middle East Luxury Cosmetics Market Y-O-Y Growth,
By Distribution Channels, 2017-2025
Source Goldstein Research
Middle East Luxury Cosmetics Market Size (USD
Million), By Distribution Channels -2017-2025
Source Goldstein Research
9Middle East Luxury Cosmetics Market
Attractiveness-By Distribution Channel, 2017-2025
CAGR ()
Market Size (USD Million)
SAMPLE
Source Goldstein Research
Water based adhesive segment holds the largest
revenue share in the Middle East Luxury Cosmetics
market as this segment constitutes which is
impacted by the rising cognizance among the
household users and thus it is likely to expand
at XX CAGR during the forecast period. Cargo
market is relying on the adoption of EHR
(Electronic health record) software by various
healthcare facility providers in order to stand
ahead in future. Behavioral health EHR creates a
world of difference to the staff and patients and
goes the extra mile giving advanced capabilities
such as it include support for documenting
violence risk factors, suicide risk factors, or
sadness scales.
Middle East Luxury Cosmetics Market BPS Analysis-
By Distribution Channel, 2017-2025
Source Goldstein Research
10L'Oreal (Company Overview Business Strategy)
Founded 1909
Website www.loreal.com
Employees 89,300
Headquarters France
Major Brands
Company Overview
- L'Oreal S.A is a world leader in beauty products
headquartered in, France - The Company operates through 140 countries across
the globe. Americas Europe, the Middle East and
Africa (EMEA), and Asia Pacific (APAC) are major
geographical segments in which company is
operating. - L'Oreal S.A, is traded on EPA stock exchange,
Europe - The company also provides innovative beauty
solutions and it is one of the leading beauty
cosmetics company across the globe - L'Oreal owns popular salon professional product
makers Matrix and Kérastase. Additions to its
wide portfolio include Clarisonic facial
cleansing device (Pacific Bioscience Labs),
SkinCeuticals skincare, and nail polish maker
Essie Cosmetics.
Consumer Brands
L'Oreal Paris
Garnier
Maybelline New York
African Beauty Brands
L'Oreal Luxe
Essie
Professional Brands
L'Oreal Professional
Kerastase
Carita
Pureology
Redken
Matrix
Business Strategy
- Mission and Strategy L'Oreal believes in a
unique strategy Universalization. L'Oreal always
focus to understand different need and traditions
to provide tailor-made beauty products and meet
the aspiration of consumers across the globe.
L'Oreal highly invest in innovations to provide
best cosmetic products in terms of quality,
efficacy, safety and satisfy consumer all desires
in their infinite diversity. In 2016, L'Oreal
completed the acquisitions with IT Cosmetics,
Atelier Cologne, Saint-Gervais Mont Blanc and
CeraVe. In 2016, L'Oreal invested more than XX
of its sales value on research and development
activities which is accounted more than USD XX
billion. - Upcoming Acquisitions 2017 In 2017, L'Oreal is
all prepared to buy Dendron cancer Business of
Valeant Pharmaceuticals International and three
other skincare brands for about USD XX billion.
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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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