The GCC skincare market is anticipated to grow during the forecast period due to rising the usage of social media platforms, increasing consumer spending on physical appearance, and growing consumer awareness of healthy skin.
Skincare products are used to treat, enhance, and nourish the overall health and appearance of the skin. They are made of a variety of synthetic and natural ingredients, such as hyaluronic acid, alpha-hydroxy acids, retinol, bentonite clay, aloe vera, and tea tree oil, and include cleansers, scrubs, toners, body lotions, moisturizers, face washes, creams, oils, and serums. They aid in the exfoliation of dead skin cells, preserve the suppleness of the skin, and work as a barrier against wrinkles, fine lines, and age spots. They also cover the skin from UV rays, which can damage it, and they stop sunburn, blemishes, tanning, and hyperpigmentation. In addition, the potential of skin care products to protect people from allergies and hazardous germs while also enhancing the state of their skin is driving up demand for them on a global scale.
The Rising Popularity of Social Media Platforms Boosts Market Growth
In Saudi Arabia, there were 34.84 million internet users in January 2022. In Saudi Arabia, 97.9% of the population had access to the internet as of the beginning of 2022. Additionally, in January 2022, there were 9.94 million internet users in the United Arab Emirates. At the beginning of 2022, 99.0 percent of the country's population was online in the United Arab Emirates.
Increasing Consumer Awareness
According to the survey, women in Saudi Arabia and the United Arab Emirates spend between USD700 and USD900 annually on cosmetics and skincare items.
Companies Expanding their Presence Fuels Market
New Product Launches Drives Market Growth
Companies are launching new products to attract customers which will increase the demand and growth of the skincare products market in GCC countries
Market Segmentation
The GCC Skincare market is segmented into product type, type, distribution channel, region, and company. Based on product type, the market is segmented into face care and body care. Based on type, the market is segmented into organic and conventional.
Market Players