United Arab Emirates Skin Care Market Forecast 2022-2028
KEY FINDINGS
The United Arab Emirates skin care market is predicted to grow with a CAGR of 4.34% over the forecast period. While the base year considered for the studied market is 2021, the forecasted years are from 2022 to 2028. The market growth of the country is mainly credited to the rising emphasis on health and well-being as well as the harsh climatic conditions prevalent in the United Arab Emirates.
MARKET INSIGHTS
The demand for skin care is anticipated to grow rapidly in the United Arab Emirates, primarily in terms of volume and value during the forecast period. Moreover, categories that witnessed a decline in sales in 2020 are also expected to record positive growth. Since consumers are in the pursuit of skin care products with the potential to ‘reset’ or ‘rejuvenate’ following the stressful period of the COVID-19 pandemic, skin care products, like face masks, are observing an increased need.
The projected strong performance of skin care in the United Arab Emirates is primarily based on factors such as economic recovery, leading to growing awareness of the importance of health and wellness, higher living standards, and a return to more outdoor pre-pandemic lifestyles. Furthermore, the increase in vaccination rates are also anticipated to upsurge the demand for skin care products owing to supporting economic growth as well as consumer confidence. As a result, these factors are set to propel the skin care market growth in the United Arab Emirates during the forecast period.
COMPETITIVE INSIGHTS
The top companies operating in the market include L’oréal SA, Unilever Gulf FZE, Procter & Gamble, Beiersdorf Middle East, Dabur International, etc.
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• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
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