Euromonitor International announce MEA beauty market will grow 6.4%

The Middle East & Africa (MEA) will grow by 6.4% a year over the next 5 years, according to Euromonitor International, and globally the sector is expected to grow 3% a year.

Markets in Saudi Arabia and the UAE will grow 12% with Saudia Arabia dominating the overall sales market.

Predictions are based on econonmic trends and expert opinions, says Iyad Hijjawi, business development consultant at Euromonitor International.

The survey predicted the share of premium beauty products in Saudia Arabia would grow by 54% in 2015 of the market to 60% by 2020, with the UAE's premium market share increasing from 48% to 50% in the same period.

Up-and-coming key trends in the beauty sector include natural products, personalised products, services and reinvention, according to Hijjawi.

The Middle East & Africa (MEA) will grow by 6.4% a year over the next 5 years, according to Euromonitor International, and globally the sector is expected to grow 3% a year.

Markets in Saudi Arabia and the UAE will grow 12% with Saudia Arabia dominating the overall sales market.

Predictions are based on econonmic trends and expert opinions, says Iyad Hijjawi, business development consultant at Euromonitor International.

The survey predicted the share of premium beauty products in Saudia Arabia would grow by 54% in 2015 of the market to 60% by 2020, with the UAE's premium market share increasing from 48% to 50% in the same period.

Up-and-coming key trends in the beauty sector include natural products, personalised products, services and reinvention, according to Hijjawi.