United Arab Emirates Color Cosmetics Market. According to the published market research report, the United Arab Emirates color cosmetics market revenue is expected to experience a CAGR of 7.6% between 2020 and 2030, since it has stood at $ 370.
New York, November 09, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “UAE Color Cosmetics Market” – https://www.reportlinker.com/p06180052/?utm_source=GNW
6 million in 2020.
The United Arab Emirates color cosmetics market has been negatively affected by the COVID-19 pandemic, as the closure of manufacturing plants and retail stores has resulted in low supply of these products. In addition, the offices were closed and people were encouraged to stay in their homes as much as possible. In addition, the warrants to wear masks have reduced the need for cosmetics in the country.
In the future, the luxury goods category, in the types segment of the United Arab Emirates color cosmetics market, will grow faster. With the country’s rapid economic growth, driven by the oil trade and the establishment of offices by multinational companies, spending on luxury goods is increasing.
The face makeup category will dominate the color cosmetics market in UAE in the coming years depending on the product. With the growing awareness of appearance, especially among working women, sales of facial compacts, blushers, bronzers, foundations and highlighters are increasing in the country.
In the past, the highest revenue in UAE color cosmetics market was generated by the unique bifurcation, based on packaging. Such packaging has long been widely used for cosmetics and other consumer products.
The most powerful engines on the market are:
• Increase in the employment rate of women: between 1990 and 2019, the share of employed women in the country increased from 28.1% to 52.1%. In addition, according to the World Bank, the share of women in the total workforce of the country increased to 17.5% in 2019 against 16.1% in 2015. This stimulates sales of cosmetics, because looking good is now considered important in the business and business world.
• Growing Awareness of Appearance: The growing attention people pay to appearance is another key driver for the color cosmetics market in UAE as these products help to achieve it. As people increasingly participate in entertainment and social events, they seek to improve their appearance for greater self-confidence.
UAE color cosmetics market highest CAGR of 7.8% in consumer group segment will be seen in women category in coming years. These products are mainly used by women, especially those in the media and entertainment and business sectors. So, with an increase in their disposable income and awareness of color cosmetics from various brands, their spending on these products is increasing.
Dubai is the largest emirate in the color cosmetics market in the UAE, as it is the country’s financial and cultural hub. Therefore, people here have a higher purchasing power than those in other cities, which in turn stimulates the sale of color cosmetics here.
The most important companies in the UAE color cosmetics market are The Procter & Gamble Company, L’Oréal SA, Unilever Group, The Estée Lauder Companies Inc., Beiersdorf AG, Shiseido Co. Ltd., Oriflame Holding AG, Avon Products Inc., LVMH Moët Hennessy-Louis Vuitton SE, Revlon Inc., Coty Inc., Guerlain SA and MAC Cosmetics.
Read the full report: https://www.reportlinker.com/p06180052/?utm_source=GNW
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