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Egypt Cosmetic Market Analysis 2023 | Recorded Hyper Growth in the Future - 2030, Says Allied Market Research.
Cosmetics are products used for cleansing, promoting attractiveness, or enhancing the appearance without affecting the body's structure or functions. The trend for healthy and glowing skin among consumers has stimulated the demand for these products, especially those improving skin conditions. At present, skin care products, such as sunscreen and moisturizers, are in higher demand due to the awareness of effects of exposure to sun on skin.The Egypt cosmetic market growth is driven by changes in lifestyle and increase in use of cosmetics to enhance their overall appearance. Moreover, ongoing trend of using herbal cosmetics with negligible side effects boosts the growth of the cosmetic market. However, rise in awareness about the side effects caused by some of the cosmetic products and availability of advanced beauty treatments restrain the market growth. Conversely, increase in demand for using organic & herbal cosmetics due to its skin benefits is expected to boost the market growth in the near future.
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➣ Key Trends Shaping the Egypt Cosmetic Market
• Halal and Natural Products: There is a growing demand for halal and natural cosmetics, driven by consumers seeking products that align with their religious beliefs and a preference for clean beauty.
• Personalization: Customized skincare and beauty solutions are gaining popularity, with brands offering personalized products to cater to individual needs and concerns.
• E-commerce Boom: The rise of e-commerce platforms has made it easier for consumers to access a wide range of cosmetic products, contributing to market growth.
• Men's Grooming: The men's grooming segment is expanding, with an increasing number of men embracing skincare and grooming products.
• Sun Protection: With a sunny climate, sun protection products such as sunscreen and sunblock are in high demand.
➣ Factors Fueling Market Growth
• Rising Disposable Income: As the middle-class population grows, more consumers have the financial means to invest in cosmetic and skincare products.
• Social Media Influence: Beauty influencers and makeup tutorials on platforms like Instagram and YouTube have a significant impact on consumer choices.
• Cultural Embrace of Beauty: Egyptians have a long history of valuing beauty and grooming, and this cultural heritage continues to influence modern beauty trends.
• Youthful Population: Egypt has a young demographic, and younger consumers are more inclined to experiment with cosmetics and skincare products.
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The Egypt cosmetic market is segmented based on type, distribution channel, and geography. Based on type, it is classified into skin & sun care, hair care, deodorants, makeup & color cosmetics, and fragrances. On the basis of distribution channel, it is categorized into specialty stores (beauty & drug stores), large & small retail stores (hypermarkets, supermarkets, departmental stores, and others), and online. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the report include Loreal International, Avon Products, Inc., The Procter & Gamble Company, Unilever PLC., Oriflame Cosmetics S.A., Revlon, Inc., Kao Corporation, The Estee Lauder Companies Inc., Shiseido Company, Limited, and Skin Food.
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➣ Key Benefits
• The report includes an extensive analysis of the factors that drive and restrain the growth of the Egypt cosmetic market.
• The factors affecting the market growth and projections are included provided in the report.
• The report provides quantitative & qualitative trends to assist stakeholders to understand the situations prevailing in the market.
• An in-depth analysis of key segments demonstrates of the trending cosmetics and distribution channels across various regions.
• Competitive intelligence of the industry highlights the business practices followed by leading market players across various region.
➣ SIMILAR REPORTS:-
• Maracuja Oil Market https://www.alliedmarketresearch.com/maracuja-oil-market
• Sun Care Products Market https://www.alliedmarketresearch.com/sun-care-products-market-A06507
• Pakistan Color Cosmetics Market https://www.alliedmarketresearch.com/pakistan-color-cosmetics-market
• Probiotic Skin Care Cosmetic Product Market https://www.alliedmarketresearch.com/probiotic-skin-care-cosmetic-product-market-A06317
• Shampoo market https://www.alliedmarketresearch.com/shampoo-market-A06353
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Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
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