Product Code: ETC010439 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Skin Care market currently, in 2023, has witnessed an HHI of 1086, Which has increased slightly as compared to the HHI of 882 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia skincare market is expected to grow at a CAGR of 6.4% during the forecast period (2025-2031). The increasing demand for herbal and organic products, rising disposable income levels, growing awareness among consumers about skin protection, and advancements in technology are some of the major factors driving the growth of this market.
The spending on personal care products has increased significantly due to rising disposable incomes in Saudi Arabia over the past few years. This rise in income levels has resulted in increased expenditure on premium skincare products such as sunscreen lotions, facial cleansers, serums, etc., further boosting the growth of this market. There has been an increase in consumer awareness regarding protecting their skin from sun damage and other environmental pollutants. This has led to increased adoption of topical solutions like anti-aging creams and moisturizers which have contributed to the growth of this market. Consumers are increasingly opting for natural ingredients while purchasing skincare products owing to their health benefits such as reduced side effects associated with chemical-based alternatives. Increasing demand for these herbal and organic skin care solutions have further driven up sales within this segment thus aiding overall industry expansion rate during 2025-2031 period.
Despite growing acceptance towards high end cosmetic offerings that provide superior quality performance there exists an inherent resistance around prices charged by leading players which can hamper customer uptake rates across many regions including Saudi Arabia due to affordability issues faced by local population base thereby limiting potential revenues garnered from such segments over long term periods accordingly.
The impact of COVID-19 pandemic has been seen significantly on this sector owing to supply chain disruptions and closure of retail stores resulting in major losses in revenue generation across countries worldwide including Saudi Arabia. To mitigate these effects manufacturers are focusing more on digital marketing strategies such as influencer campaigns which have been effective so far despite the lockdown scenario globally.
In addition, prominent key players present in Saudi Arabia Skin Care Market include Procter & Gamble Company (P&G), Unilever Group., Coty Inc., Shiseido Co Ltd., Avon Products Inc., The Estee Lauder Companies Inc., L`Oreal S A , Beiersdorf AG amongst other local players operating in this market space since long time providing quality services even during these tough times.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Skin Care Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Skin Care Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Skin Care Market - Industry Life Cycle |
3.4 Saudi Arabia Skin Care Market - Porter's Five Forces |
3.5 Saudi Arabia Skin Care Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 Saudi Arabia Skin Care Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Saudi Arabia Skin Care Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Skin Care Market Trends |
6 Saudi Arabia Skin Care Market, By Types |
6.1 Saudi Arabia Skin Care Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Skin Care Market Revenues & Volume, By Product Types, 2021-2031F |
6.1.3 Saudi Arabia Skin Care Market Revenues & Volume, By Face Creams, 2021-2031F |
6.1.4 Saudi Arabia Skin Care Market Revenues & Volume, By Body Lotions, 2021-2031F |
6.2 Saudi Arabia Skin Care Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Skin Care Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 Saudi Arabia Skin Care Market Revenues & Volume, By Offline, 2021-2031F |
7 Saudi Arabia Skin Care Market Import-Export Trade Statistics |
7.1 Saudi Arabia Skin Care Market Export to Major Countries |
7.2 Saudi Arabia Skin Care Market Imports from Major Countries |
8 Saudi Arabia Skin Care Market Key Performance Indicators |
9 Saudi Arabia Skin Care Market - Opportunity Assessment |
9.1 Saudi Arabia Skin Care Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 Saudi Arabia Skin Care Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Saudi Arabia Skin Care Market - Competitive Landscape |
10.1 Saudi Arabia Skin Care Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Skin Care Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |