Saudi Arabia Personal Care And Cosmetics Market (2024-2030) | Analysis, Size, Share, Revenue, Growth, industry, Outlook & COVID-19 IMPACT

Topics Covered in the Saudi Arabia Personal Care and Cosmetics Market Report

Saudi Arabia Personal Care and Cosmetics Market report thoroughly covers the market by products, gender, distribution channel and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Saudi Arabia Personal Care and Cosmetics Market Synopsis

The Saudi Arabia personal care and cosmetics market has seen rapid growth, driven by heightened consumer awareness of personal grooming, rising disposable incomes, and the influence of social media on beauty trends. Together, these elements drive demand for a variety of beauty goods and aid in the growth and development of the industry.

According to 6Wresearch, Saudi Arabia Personal Care and Cosmetics Market size is expected to grow at a significant CAGR of 8.7% during 2024-2030. The growing number of working women in Saudi Arabia is one of the main factors driving the personal care and cosmetics sector. There has been a notable increase in demand for personal care and cosmetic products due to the increased purchasing power of women who are entering the workforce. The industry is expanding as a result of this shift in consumer preferences, as working women look for items that both improve their appearance and fit into their hectic schedules. The Saudi public's increasing inclination for high-end and upscale goods is also driving market expansion. Customers are becoming more and more prepared to spend money on branded, high-quality goods that fit their desired lifestyles and provide better results.

Furthermore, social media and beauty influencers are having a significant impact on consumer tastes and industry expansion. Social media sites like YouTube and Instagram are now important sources for product suggestions, brand interaction, and beauty trends. Through these channels, consumers are exposed to new trends and product breakthroughs, which increases their propensity to investigate and buy the newest goods. The aforementioned trend underscores the significance of digital marketing and an online presence for firms seeking to attract Saudi Arabian consumers and maintain their relevance in the fiercely competitive personal care and cosmetics industry.

The Saudi Arabian industry for cosmetics and personal care products is expanding quickly, but it still confronts several obstacles. Marketing plans for these products may be limited by the nation's strict advertising laws and conservative culture. In order to assure compliance, advertisers must traverse complicated standards, which may restrict promotional activities and reduce brand visibility. Furthermore, the market is rife with fake goods, which seriously jeopardize respectable businesses. These fake products damage established businesses' reputations and erode consumer trust. In order to overcome these obstacles, firms must create creative marketing strategies and actively fight counterfeiting by improving supply chain management and consumer education initiatives.

Saudi Arabia Personal Care and Cosmetics Industry: Key Players

Major companies in the personal care and cosmetics sector in Saudi Arabia are Coty Inc., L'Oréal, Unilever, Procter & Gamble, and Estée Lauder Companies. These businesses offer a wide variety of goods to satisfy the various demands and tastes of Saudi customers. Their wide range of products, which are all created to meet regional trends and needs, includes skincare, cosmetics, haircare, and perfumes. These companies strive to be competitive while meeting the region's expanding needs for beauty and personal care products by constantly inventing and adjusting to the changing market.

Personal Care and Cosmetics Market in Saudi Arabia: Government Initiatives and Policies

The Saudi Arabian government has launched a number of programs to support the expansion of the personal care and cosmetics industries. Notably, the government repealed its long-standing ban on animal testing for cosmetics in 2019, a major regulatory change that opened the door for foreign companies to join the market. The introduction of a greater variety of items has been made easier by this regulatory shift, which has also increased the Saudi market's appeal to international businesses. It is anticipated that the relaxation of regulations will increase market competition and give customers more options when it comes to products.

In order to facilitate the growth of business, the Saudi Arabian government is also making investments in infrastructure and regulatory upgrades. A more favorable environment for personal care and cosmetics enterprises is being created by initiatives including simplified business regulations, more support for local production, and investment in research and development. The objectives of these initiatives are to promote innovation, increase market accessibility, and support the expansion of both domestic and foreign brands in the Saudi market.

Future Insights of the Market

The personal care and cosmetics business in Saudi Arabia is expected to develop due to the country's expanding population, rising spending power, and changing beauty standards brought about by social media. There are plenty of prospects for new entrants due to the growing demand for natural and organic products. Furthermore, the growing e-commerce industry offers a bright future, enabling firms to use online channels to connect with a wider audience. The market is anticipated to grow as people seek out high-quality, creative items and become more sensitive of their appearance. Businesses who embrace these trends and prioritize individuality and sustainability will be well-positioned to succeed in this fast-paced industry.

In addition, the Saudi Arabian government's encouragement of innovation and economic diversification is probably going to help the personal care and cosmetics industry. A favorable market landscape will result from initiatives to improve the business environment and promote investment in numerous industries. Businesses that take advantage of these chances and adapt to the preferences of local customers will have an advantage over their competitors as the sector develops, guaranteeing sustained expansion and relevance in the marketplace.

Market Segmentation by Products

According to Dhaval, Research Manager, 6Wresearch, with hair care and skin care products being the most popular categories, the personal care goods segment now retains the highest share in the Saudi Arabian market. Nonetheless, shifting beauty trends and rising demand for cosmetics from both men and women are predicted to accelerate the expansion of the cosmetics and make-up products market in the upcoming years.

Market Segmentation by Gender

In Saudi Arabia, the market for personal care and cosmetics is currently dominated by the women's segment, which is also expanding at the fastest rate. This is explained by women's growing purchasing power, shifting beauty standards, and growing knowledge of personal maintenance.

Market Segmentation by Distribution Channel

The convenience and extensive product selection of e-commerce have made it a popular option for customers. It is anticipated that the trend toward online buying will continue, with the COVID-19 epidemic having accelerated it.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Saudi Arabia Personal care and cosmetics Market Overview
• Saudi Arabia Personal care and cosmetics Market Outlook
• Saudi Arabia Personal care and cosmetics Market Forecast
• Historical Data of Saudi Arabia personal care and cosmetics Market Revenues for the Period 2020-2030
• Saudi Arabia Personal Care and Cosmetics Market Size and Saudi Arabia Personal Care and Cosmetics Market Forecast of Revenues, Until 2030
• Historical Data of Saudi Arabia personal care and cosmetics Market Revenues, by Products, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia personal care and cosmetics Market Revenues, by Products, until 2030
• Historical Data of Saudi Arabia personal care and cosmetics Market Revenues, by Gender, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia personal care and cosmetics Market Revenues, by Gender, until 2030
• Historical Data of Saudi Arabia personal care and cosmetics Market Revenues, by Distribution Channels, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia personal care and cosmetics Market Revenues, by Distribution Channels, until 2030
• Historical Data of Saudi Arabia personal care and cosmetics Market Revenues, by Regions, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia personal care and cosmetics Market Revenues, by Regions, until 2030
• Market Drivers and Restraints
• Saudi Arabia personal care and cosmetics Market Trends
• Market Opportunity Assessment
• Saudi Arabia personal care and cosmetics Market Share, By Regions
• Saudi Arabia personal care and cosmetics Market Share, By Players
• Saudi Arabia personal care and cosmetics Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The Saudi Arabia personal care and cosmetics market report provides a detailed analysis of the following market segments:

By Products:

• Personal Care Products
  • Hair Care Products
  • Skin Care Products
  • Bath and Shower
  • Oral Care
  • Men’s Grooming Products
  • Others
• Cosmetics/Make-Up Products
  • Facial Cosmetics
  • Eye Cosmetic Products
  • Lip and Nail Make-Up Products
  • Hair Styling and Coloring Products
  • Others

By Gender:

• Men
• Women

By Distribution Channels:

• Direct Selling
• Hypermarkets & Retail Chain
• E-Commerce
• Specialty Stores
• Others

By Regions:

• Eastern
• Western
• Central
• Southern