Skincare in uae market forecast
Growing environmental awareness has impelled several companies to avoid usage of animal derived raw materials by developing natural resources that are identical and overtake performances of conventional resources.
Skincare in uae market forecast
It is now viewed holistically, and the skin is being paid particular attention, as the biggest organ of the body. This is due to organic products promoted as being inherently better in comparison to conventional synthetic products. Customers prefer more expensive organic products, especially in countries such as U. In , a Democratic senator from California, Dianne Feinstein, introduced the Personal Care Products Safety Act, a bill to reinforce regulations on ingredients in personal care products. Companies use the cost advantage approach to market and sell their products. Technological innovations involving oligopeptide, which is used to increase efficiency and shelf life of products, are expected to have a positive impact on the market. However, economic downturn, the high cost of quality chemicals, strict government regulations, and lack of domestic production are some of the factors restraining the growth of UAE color cosmetics market. More From Retail. As a result, organic and natural personal care market has become a major part of cosmetics and wellness sector over the past few years. In China and other emerging economies, consumers prefer going to their nearby departmental stores for convenient smooth shopping experience, simultaneously saving time. Want to find out more about this report? Furthermore, sales of cosmetics through e-commerce is also anticipated to witness significant growth over the forecast period, owing to the increasing number of internet users, coupled with the growing penetration of smartphone users in the country, which is encouraging cosmetic companies to offer products through online retail channels in UAE to augment sales and revenues. Many international beauty hubs such as France, Spain, and Italy, have taken note of this trend and have designed product lines that will appeal to beauty and skincare enthusiasts in the region.
The growth can be attributed to the increasing demand from the growing youth population in key economies such as the UAE and Saudi Arabia. Organic Personal Care Market Share Insights The market is characterized by the presence of various major players catering to the global demand.
On-the-go packaging Small packaging does particularly well in the Dubai market, since it is a major travel hub, and people like the smaller sizes, which they are allowed in their carry-on luggage.
A shift in preference toward organic and natural beauty products, particularly in European and North American countries, is expected to foster market growth.
Favorable regulatory support in Mexico to facilitate new investments at domestic level is expected to open new avenues over the forecast period.
Uae skincare market
Portfolio of skin products comprises an assortment of various organic products such as sunscreens, body lotions, and face creams. This is due to organic products promoted as being inherently better in comparison to conventional synthetic products. Moreover, new products in the cosmetics market and their innovative placements are enticing them to incur extra expenses on improving their overall wellbeing. Furthermore, rapidly aging demographics has led to robust demand for anti-aging products to prevent wrinkles, age spots, dry skin, uneven skin tone, and even hair damages, thus creating room for innovations in cosmetics and thereby boosting the growth of the industry. In several regions including Europe and the U. According to market demand, players are launching new outlets across various geographies. In , a Democratic senator from California, Dianne Feinstein, introduced the Personal Care Products Safety Act, a bill to reinforce regulations on ingredients in personal care products.
Many experts say the upswing in the UAE's cosmetics and skincare segment is fuelled by the lifestyle that it is associated with. Few chemicals such as dehydroacetic acid, benzyl alcohol, and phenoxyethanol can be used in organic skin care production.
Organic face creams was the largest product segment valued at USD 2. This provides significant growth opportunities for companies to strategically place their products in such supermarkets rather than drugstores or specialty retailers.
Moreover, new products in the cosmetics market and their innovative placements are enticing them to incur extra expenses on improving their overall wellbeing.
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