The Middle East Skin Care Products Market Is Expected To Reach …
PORTLAND, PORTLAND, UNITED STATES, Jan. 3, 2022 /EINPresswire.com/ – According to the report released by Allied Market Research, the skin care products industry in the Middle East is estimated at $ 1.78 billion in 2019 and is expected to reach $ 1.92 billion by 2027, registering a CAGR of 5.8% from 2021 to 2027. The report provides in-depth analysis of the top investment pockets, top winning strategies, drivers and market opportunities, size and estimates, competitive scenario and faltering market trends.
The increase in adoption of new branding and advertising strategies among the skin care product manufacturers is driving the growth of the skin care products market in the Middle East. On the other hand, the use of products rich in chemicals inhibits growth to some extent. Nonetheless, the awareness of the probable side effects of cosmetics and skin problems among customers is expected to create lucrative opportunities in the industry.
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Middle Eastern skin care product manufacturers are now changing preferences to produce hand sanitizers, cleaning agents, and personal care products. This, in turn, has boosted the skin care market in the Middle East.
At the same time, several foreclosure measures and restrictions on the import and export of goods posed numerous challenges for exporters, especially during the initial phase. However, the global situation is improving and the market is expected to pick up soon.
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The Middle East Skin Care Products market is analyzed by type, purpose and country.
Based on type, the facial care segment accounted for almost half of the total market share in 2019 and is expected to reign on the roost by the end of 2027. The eye care segment, however, is reportedly showing the CAGR fastest 11.9%. from 2021 to 2027.
Based on the target, the hydration segment contributed the highest market share, with nearly one third of the total market revenue in 2019, and is expected to lead the way by 2027. At the same time, the repair / renewal segment represent the fastest CAGR of 9.6% throughout the forecast period.
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Leading market players analyzed in the Middle East Skin Care Products Market report include Johnson & Johnson Services, Inc., Procter & Gamble, Revlon, Inc., Unilever Plc., L’orÃ©al SA, Beiersdorf AG., Shiseido Company Limited, The EstÃ©e Lauder Companies Inc. and Kao Corporation. These market players have integrated several strategies including partnership, expansion, collaboration, joint ventures and others to strengthen their position in the industry.
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