DUBLIN--(BUSINESS WIRE )--The "GCC Color Cosmetics Market Report: By Type, Product, Packaging, Consumer Group, Distribution Channel - Latest Trends, Competition Analysis, and Business Opportunities, 2022-2030" report has been added to ResearchAndMarkets.com's offering.
GCC color cosmetics market size, which was estimated at $1,277.2 million in 2021, is expected to increase to $2,314.5 million by 2030, at a 6.8% CAGR.
Among all Gulf Cooperation Council countries, Saudi Arabia witnesses the highest sale of such products due to its large population and rising number of women in the workforce. Additionally, the disposable income in the kingdom rose from $617,848.7 million in 2016 to $658,493.5 million in 2017.
Similarly, the U.A.E. is a key user of these products because of its position as a major financial and tourist hub of the Middle East. As a result, it enjoys a high culture, which drives people's consciousness on their appearance. This is why personal care companies are pouring heavy sums in marketing their products in the country, often through social media influencers. The U.A.E. has over 1,000 such entities that review and promote cosmetics and other related products on the internet.
In turn, the advancing e-commerce industry is helping drive the GCC color cosmetics market in the post-COVID-19 period. During the lockdowns, there was a major shift from offline purchases to online purchases for almost all types of goods. With people now more aware of the benefits of online shopping than before, such as the flexibility to compare products of different brands and avail of discounts, cosmetic sales through e-commerce platforms are booming.
Hence, major GCC color cosmetics market players, including L'Oreal S.A., Unilever Group, Beiersdorf AG, The Procter & Gamble Company, Shiseido Co. Ltd., The Estee Lauder Companies Inc., LVMH Moet Hennessy-Louis Vuitton SE, Avon Products Inc., Oriflame Holding AG, Coty Inc., Guerlain SA, Revlon Inc., and MAC Cosmetics, are investing in better digital marketing technologies.
For instance, Coty Inc. added AR and VR tools to its online marketing ecosystem in September 2021, while in October 2020, L'Oreal Group partnered with Sprinklr, an AI-integrated CXM platform.
Key Findings of GCC Color Cosmetics Market Report
1.5 Market Size Breakdown by Segment
Chapter 4. Voice of Industry Experts/Kols
5.1 Major Percentage of Youth Population
Chapter 6. Definition of Market Segments
7.1.2.3 Surging Demand for Organic Color Cosmetic Products
7.1.2.4 Increasing Number of Digital Marketing Channels and Influencers
7.1.2.5 Growing Population of Working Women
7.1.3 Impact Analysis of Drivers on Market Forecast
7.1.4.1 Rising Awareness Regarding Environment and Animal Protection
7.1.5 Impact Analysis of Restraints on Market Forecast
Chapter 8. Policy and Regulatory Landscape
Chapter 9. GCC Market Size and Forecast
9.2 Market Revenue, by Type (2017-2030)
9.3 Market Revenue, by Product (2017-2030)
9.4 Market Revenue, by Packaging (2017-2030)
9.5 Market Revenue, by Consumer Group (2017-2030)
9.6 Market Revenue, by Distribution Channel (2017-2030)
9.7 Market Revenue, by Country (2017-2030)
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900