Saudi Arabia Color Cosmetics Market Analysis, Growth, Development And Demand Forecast Report 2030

By Author: leeb57555
Total Articles: 28
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Factors such as the escalating disposable income of people, surging public awareness about physical appearance, booming population of working women, burgeoning demand for organic color cosmetics, and mounting investments being made by players in marketing and advertising initiatives are expected to drive the Saudi Arabian color cosmetics market at a CAGR of 7.1% during 2020–2030. The market was valued at $603.6 million in 2020 and it is projected to generate $1,197.2 million revenue by 2030.

According to the General Authority for Statistics, Labor Force Survey data, the labor force participation rate of the total female working population increased from 32.1% in the fourth quarter of 2020 to 33.6% in the first quarter of 2021. As more women are stepping out of their homes, they are becoming more aware of personal care products, owing to which they are generating extensive demand for improved color cosmetic products.

Browse detailed report - https://www.psmarketresearch.com/market-analysis/saudi-arabia-color-cosmetics-market

In recent years, the surging focus of key players on product development, ...
... on account of the growing public consciousness regarding physical outlook, has become a prominent trend in the Saudi Arabian color cosmetics market. Additionally, the improving lifestyle of the Saudi Arabian people in the country is also encouraging them to create an extensive demand for better color cosmetics. Furthermore, the rising number of working women will also result in the introduction of improved products in the country.

According to P&S Intelligence, the western region is expected to account for the largest share in the Saudi Arabian color cosmetics market in the coming years. The market in the region is also projected to demonstrate the fastest growth during the forecast period. This can be ascribed to the accelerating urbanization rate and escalating disposable income of people in this part of the country. The burgeoning demand for color cosmetics from the region is being met by L'Oréal S.A., Coty Inc., The Estée Lauder Companies Inc., Shiseido Co. Ltd., Unilever Group, Oriflame Holding AG, The Procter & Gamble Company, and others.

Therefore, the burgeoning population of working women and the increasing availability of improved products will augment the demand for color cosmetics in Saudi Arabia.