PUBLISHER: GlobalData | PRODUCT CODE: 1345185
PUBLISHER: GlobalData | PRODUCT CODE: 1345185
Global Health & Beauty industry was valued at $475 billion in 2022 and is forecast to reach $598 billion in 2027, recording a CAGR of 4.7% during 2022-27. The Middle East and African health & beauty industry is forecast to record the fastest CAGR of all regions at 12.3%, growing from $28.5 billion in 2022 to $50.7 billion in 2027. Fragrances was the largest sector in the Middle East and African health & beauty industry in 2022, accounting for value sales of $6 billion (20.9% of the overall regional health & beauty industry).
Based on the relative performance of countries on multiple metrics, Saudi Arabia, Iran, the UAE, and Nigeria were shortlisted as high-potential countries, primarily due to their large health & beauty industry sizes, projected high value growth rates, and projected rising per capita value levels. Among these high-potential countries, Saudi Arabia accounted for the largest market share of the health & beauty industry in 2022, in value terms, while Iran registered the highest volume share. Regarding growth, Iran is expected to register the fastest value CAGR during 2022-27, at 27.5%.
Flexible packaging was the most used pack material in the Middle East and Africa health & beauty industry in 2022, accounting for a 47.1% volume share. It was followed by rigid plastics with a 41.4% share. Bottle was the most used pack type, boasting a volume share of 25.7%. The most used closure type was the flip/snap top, with a volume share of 19.4%, while carton - folding was the most utilized primary outer type in 2022, with a volume share of 28.5%
The overall health & beauty industry in the Middle East and Africa region is fragmented, with the top five companies-Unilever, L'Oreal, Procter & Gamble, Beiersdorf, and Arabian Oud-together accounting for 28.9% of overall value sales in 2022. Unilever held the highest share at 9%, followed by L'Oreal at 6.9%. Collectively, private label products held a 0.4% value share, with presence in all sectors, except fragrances and haircare.
The report "Middle East and Africa (MEA) Health and Beauty Market Analysis to 2027" provides an overview of current health & beauty industry scenario regarding the future outlook in terms of ingredients, product claims, labeling, distribution, and packaging. The analysis also covers regional overview highlighting industry size, growth drivers, latest developments, and future inhibitors for the regions.
With growing concerns around health among consumers, there has been an increase in demand for natural and plant-based ingredients in health & beauty products. Consumers are looking for toxin-free ingredients and are avoiding harmful chemicals such as parabens, polyethylene, and butylated hydroxyanisole. As a result, manufacturers are formulating health & beauty products using naturally sourced and safe ingredients.
This report brings together multiple data sources to provide a comprehensive overview of the Middle East and African health & beauty industry, analyzing data from 23 countries in the region. It includes analysis on the following -