Market Insights Consumer Beauty & Personal Care

Cosmetics - Saudi Arabia

Saudi Arabia

In 2024, the revenue in the Cosmetics market in Saudi Arabia amounts to €790.60m.
It is projected to experience an annual growth rate of 5.21% (CAGR 2024-2029).
When compared to other countries around Worldwide, in the United States generates the highest revenue in the market, reaching €18,660m in 2024.
In terms of per capita figures, each person in Saudi Arabia generates revenues of €21.10 in 2024.
Additionally, by 2024, 54% of the sales in the Cosmetics market in Saudi Arabia will be attributed to Luxury.
Saudi Arabia has seen a rise in demand for halal cosmetics, with consumers seeking products that align with their religious beliefs.

Key regions: Malaysia, Singapore, Worldwide, Indonesia, India

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Methodology

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, regression analysis and Monte Carlo simulations are particularly suited for forecasting in the Home and Laundry Care market, due to the unpredictable variability and complex dynamics in consumer behavior and product adoption. The main drivers are GDP and consumer spending.