Middle East Luxury Cosmetics Market Outlook 2025: Opportunity & Growth Analysis, 2017-2025

Middle East Luxury Cosmetics Market Outlook

Report Code :CM 1335

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Middle East Luxury Cosmetics Market Size (USD Billion) & Growth Analysis Middle East Luxury Cosmetics Market Size (USD Billion)-2017-2025 XX XX

XX

XX XX XX

XX

e l p XX

XX

XX XX

XX

XX 2017e

m a S

2018f

Source: Goldstein Research

2019f

2020f

2021f

2022f

2023f

2024f

2025f

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 gamechanger, 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 industry’s capex ranges from XX% to XX% which has been elevated by those with retail networks. Copyright

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Middle 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 XX

XX

XX ) CAGR: (2017-2025 XX

XX

XX% XX

XX

XX 2017e 2018f

2019f

2020f

Source: Goldstein Research

m a S 2021f

2022f

2023f

2024f

e l p

Source: Goldstein Research

Premium Fragrances accounted for the highest market share XX% in Middle

In 2017,

2025f

East Luxury Cosmetics Market

With

Skin care

Hair care

Makeup

Hygiene Products

XX% share in 2017, Kingdom Of

Saudi Arabia dominated the Middle East Luxury Cosmetics market

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Browse Similar Report: Premium Cosmetics Market Halal Cosmetics Market UAE Cosmetics Market Dead Sea Mud Cosmetics Market

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Fragrances

Middle 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.

Personal Disposable Income

 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.

e l p

 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.

m a S

 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

Competition

Millennial

Organic & Natural Cosmetics

 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

Distribution Channel

Middle East Luxury Cosmetics Market Size (USD Billion) KSA

Qatar

UAE

2017

USD XX Billion

2025

USD XX Billion

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Region and Market Outlook-2017 Middle East Consumers Preference for Organic, Natural and Chemical Based Beauty Products, 2017-2025 XX%

XX%

Organic

XX%

XX% XX%

XX%

XX% XX% 2017

2018

Source: Goldstein Research

Chemicals XX%

XX%

m a S 2019

2020

Natural

XX% XX%

XX%

XX% XX%

XX%

2021

2022

XX% XX%

e l p 2023

2024

Middle East, Cosmetics Production Share (%), By Product Types, 2017 XX%

XX%

XX% XX% XX%

XX% Hair Care

Facial Care

Body Care

Bathing Care

Eye Care

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Growth Drivers 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.

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 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 region’s 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.

Middle East Per Capita Expenditure on Cosmetics, 2017-2025 Qatar

m a S

At every new fashion season

XX

UAE

Whenever I Feel Like It

XX

Oman

XX

Whenever there are new arrivals

XX

Kuwait

GCC Nationals Top Reasons for Shopping

XX

Middle East Luxury Growth Timeline

Bahrain

XX

2009-10: 2010-11: 2011-12: 2011-14: 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. Copyright

High

XX% XX% XX% XX% XX%

Medium

Impact on Middle East Luxury Cosmetics Market www.goldsteinresearch.com

Low

XX

Market Restraints Brand Awareness and Consumer Preferences

ď&#x192;&#x2DC; 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. ď&#x192;&#x2DC; 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.

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Consumer Preferences (%) To Shop For Luxury Cosmetics, By Different Demographics XX% XX% XX% XX% XX% XX% XX% XX% XX% XX% XX%

m a S XX%

XX%

Millenials (18-33)

Generation X (34-49)

Impact Analysis:ď&#x201A;§ 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.

XX%

Online

XX%

Baby Boomers (50-68)

Impact on Middle East Luxury Cosmetics Market High

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In Physical Stores

Medium

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Low

Middle East Luxury Cosmetics Market Outlook : 2017-2025 Middle East Luxury Cosmetics Market Share (%), By Distribution Channels, 2017-2025

15.00% XX%

Online

2025

2017

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.

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The luxury industry has accepted the idea that digital distribution is a Offline priority, since it is one of its most XX% 85.00% 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 Source: Goldstein Research luxury goods market today, Middle East Luxury Cosmetics Market Y-O-Y Growth, By Distribution and the increase in online sales of Channels, 2017-2025 high-end products in the USA.

XX%

2017e

2018f

2019f

m a S XX%

XX%

2020f

2021f

2022f

2023f

XX%

2024f

2025f

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 longterm value.

Source: Goldstein Research

Middle East Luxury Cosmetics Market Size (USD Million), By Distribution Channels -2017-2025 XX

XX

2017

2025 Online

Offline

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Middle East Luxury Cosmetics Market Attractiveness and BPS Analysis by Distribution Channel, 2017-2025 Middle East Luxury Cosmetics Market Attractiveness-By Distribution Channel, 2017-2025 XX%

CAGR (%)

XX%

XX% XX

XX

Market Size (USD Million) Offline Distribution Channels

Online Distribution Channels

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.

SAMPLE

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 XX% XX% XX% XX%

Offline

XX%

85.00%

88.00%

XX% XX%

Online

XX% XX% XX% XX%

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12.00%

15.00%

2017

2025

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Saudi Arabia Cosmetics Market Outlook L'Oreal (Company Overview & Business Strategy)

Founded 1909

Employees 89,300

Major Brands

Company Overview  

Website www.loreal.com

Headquarters France

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

Professional Brands

L'Oreal Paris

L'Oreal Professional

Garnier

Kerastase

Maybelline New York

Carita

African Beauty Brands

Pureology

L'Oreal Luxe

Redken

Essie

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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