Press release
MENA Cosmetic Skin Care Market: Segment Snapshot and Table of Content (2016-2024)
According to TMR, the MENA cosmetic skin care market, which stood at US$3.18 bn in 2015, is projected to reach US$6.29 bn by the end of 2024. If these figures hold true, the cosmetic skin care market in MENA will exhibit a CAGR of 8.0% between 2016 and 2024.
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MENA Cosmetic Skin Care Market is segmented on the basis of Product Type, Distribution Channel and Geography.
On the basis of type of product, the Middle East and North Africa (MENA) cosmetic skin care market is segmented into – anti-aging, skin whitening, sensitive skin, anti-acne, dry care, bath and shower, intimate hygiene, and other products. The product categories such as anti-aging and skin whitening agents boast stronghold in the cosmetics skin care market. Of these, the anti-aging segment emerged dominant with a share of 25.2% in the market in 2015. Considering the opportunities prevalent for this category of skincare product, the leading skin care companies are focusing on the anti-aging and skin whitening product innovation.
Based on distribution channel, the Middle East and North Africa (MENA) cosmetic skin care market is categorized as super markets and hyper markets, departmental stores and convenience stores, spas, pharmacies, and others. A substantial share in the population still prefer direct purchase from malls instead of online portals. Thus, the super markets and hyper markets segment is likely to continue as the leading segments in the market, expanding at a significant growth rate. However, the increasing Internet penetration has set a good platform for online purchasing and is anticipated to expand further at a substantial rate.
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Regionally, the MENA cosmetic skin care market is bifurcated into the Middle East and North Africa. Among these, the Middle East held a larger share of 69.6% in the overall market in 2015. Through the course of the report’s forecast period, the region’s dominance is expected to remain unaffected. Furthermore, share held by the Middle East cosmetic skin care market is forecast to increase on account of the increasing disposable income of consumers and the rising willingness to spend on cosmetic and skin care products. The high market penetration of leading companies and growth of medical tourism also aid growth witnessed by the cosmetic skin care market in the Middle East.
Summary of Table of Content
1. Preface
2. Assumptions and Research Methodology
3. Executive Summary : MENA Cosmetic Skin Care Market
4. Market Overview
5. MENA Cosmetic Skin Care Market Forecasts, By Product Type, Distribution Channel and Region, 2014 - 2024
6. Middle East Cosmetic Skin Care Market Forecast, By Product Type, Distribution Channel and Country, 2014 – 2024
7. North Africa Cosmetic Skin Care Market Analysis and Forecast
8. Competition Landscape
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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