Market Insights Consumer Beauty & Personal Care

Cosmetics - United Arab Emirates

United Arab Emirates

In 2024, the Cosmetics market in the United Arab Emirates is projected to generate a revenue of US$178.10m.
This market is expected to experience an annual growth rate of -1.31% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation, with an estimated value of US$20,130m in 2024.
Looking at the per person revenues, in 2024 each individual in the United Arab Emirates is expected to contribute US$18.56.
Furthermore, by 2024, approximately 78% of the sales in the Cosmetics market will be attributed to Non-Luxury.
The United Arab Emirates has seen a surge in demand for luxury skincare products, driven by the country's affluent population and their emphasis on personal grooming and beauty.

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.