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Global Cosmetics Industry Expanding at 3.90% CAGR During 2017-2025
Cosmetics Industry Report: Share, Size, Trends, and Demand
According to Goldstein Research, global cosmetics industry is anticipated to grow at 3.90% CAGR over the forecast period 2017-2025, to reach a market size of USD 430.0 Billion by 2025. The factors such as high personal disposable income, R&D of products, technology integration in the cosmetic products & penetration of online retailing tends to drive the growth of the market.
In terms of geography, global cosmetics market is expanding due to the hiking growth in developing regions such as Saudi Arabia cosmetics market, Middle East cosmetics market & UAE cosmetics market. Moreover, the cosmetics market is witnessing trend of luxury cosmetics in these regions. Middle East luxury cosmetics market has huge share in the global premium cosmetics market in 2017.
On the basis of our in-depth analysis, Global Cosmetics Industry can be segmented as follows:
By Product Type
- Skin Care Products
- Color Cosmetics
- Hair Care Products
- Hygiene Products
- Low and Medium Priced
- Premium Priced
By Distribution Channel
- North America Cosmetics Industry Analysis, 2017-2025
- Europe Cosmetics Industry Analysis, 2017-2025
- Middle East And Africa Cosmetics Industry Analysis, 2017-2025
- Latin America Cosmetics Industry Analysis, 2017-2025
- Asia Pacific Cosmetics Industry Analysis, 2017-2025
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Industry analysis on the basis of region
Middle East Cosmetics Market
Cosmetic product market growth is majorly driven by young and aspirational population who want to invest in grooming, getting attractive appearance and maintaining their health in the process. Middle East cosmetics market to expand at a CAGR of 6.4% during the forecast period 2017-2025.
Saudi Arabia Cosmetics Market
As the region is highly conscious about the ingredients of the products, there is as significant demand for ethical and natural cosmetic products. 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.
UAE Cosmetics Market
The UAE is one of the largest cosmetic products market in the Middle East not only owing to its big population and tourism, but also to its approach of becoming a local hub for the beauty and skin care industry. UAE cosmetics market to expand at a CAGR of 5.3% during the forecast period 2017-2025. Moreover, the market is projected to reach USD 4.1 Billion by 2025.
China Cosmetics Industry
In present scenario consumers in China tends to get less influenced by the media advertisement & prefer to gather information of a product through various sources. China cosmetics market, it is anticipated that by 2025 the market will be valued at nearly at USD 50.4 billion by 2025, expected to be growing at a CAGR of 4.10 % during the forecast period.
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