According to a report released by TechSci Research, ‘Middle East & Africa Lipstick MarketBy Product Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2023’, Middle East and Africa lipstick market is forecast to cross $ 440 million by 2023 on account of rising disposable income across different countries of the region, which is resulting in higher consumer focus towards lifestyle and luxury products. Moreover, rising working women population is further augmenting demand for lipsticks across the region. Middle East and Africa is anticipated to be the fastest growing region in beauty and personal care products over the next five years. However, lipstick market is underdeveloped in the region due to low per capita income across several countries with a large portion of the people living under USD2 per day (by PPP). In 2017, lipstick market in Saudi Arabia and the UAE, together account for a quarter of Middle East and Africa lipstick market.
Browse 30 Figures spread through 59 Pages and an in-depth TOC on“Middle East & Africa Lipstick Market”
Companies operating in Middle East and Africa lipstick market are now making their way into developing markets of the region like Nigeria, Kenya, etc. Among distributions channels, supermarkets / hypermarkets account for the largest share in Middle East and Africa lipstick market as this sales channel provides the convenience of availability of multiple brands at a single location besides offering lucrative discounts on products. However, distribution of luxury products is pervasive through exclusive stores in malls or standalone, while e-commerce is emerging as a competitor to direct sales for all mass and premium brands in the MEA region.
Customers can also request for 10% free customization on this report.
“Growing urbanization and changing lifestyle patterns is boosting usage of beauty products across MEA region. Moreover, branded lipsticks have become an affordable product in Middle East and Africa over the last few years. Additionally, increasing availability of lipsticks coupled with continuous product innovations are other major factors which are anticipated to fuel growth in Middle East and Africa lipstick market during forecast period.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Middle East & Africa Lipstick Market By Product Type, By Distribution Channel, By Country, Competition, Forecast & Opportunities, 2023” has evaluated the future growth potential of lipstick market and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers to take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in Middle East and Africa lipstick market.
Middle East & Africa Lipstick Market 2023 Report covers Following Country
1-Saudi Arabia Lipstick Market Size & Forecast
2-South Africa Lipstick Market Outlook
3-Israel Lipstick Market Outlook
4-UAE Lipstick Market Outlook
Browse Related Reports
Global Lipstick Market By Product Type (Gloss, Matte & Others), By Distribution Channel (Supermarkets / Hypermarkets, Departmental/Grocery Stores, Multi Branded Retail Stores & Others), By Region, Competition Forecast & Opportunities, 2013 – 2023
Africa Air Conditioners Market By Product Type (High Wall Splits, Windows, Ducted Systems, VRF Systems, Chillers Systems & Others), By End Use Sector (Commercial/ Industrial & Residential), Competition Forecast & Opportunities, 2013 – 2023
Global Yogurt Market By Fat Content (Regular, Low Fat and Fat Free), By Type (Flavored and Non Flavored), By Form, By Packaging, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2013 – 2023 https://www.techsciresearch.com/report/global-yogurt-market/3126.html
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.