Female consumers in Saudi Arabia are highly aware of organic cosmetics and the environmental implications of these products, but price remains a factor impeding use among many, a study finds.
The Middle East is defined as one of the world’s fastest-growing beauty markets, buoyed by strong purchasing power and high international brand engagement, but what names are ahead of the pack?
Euromonitor International, a market research firm, has released its Q4 data for the global beauty and personal care market, downgrading its forecast model to USD 4.4 billion.
With emerging markets slowing down, attention has turned to core businesses and untapped markets such as Indonesia, Saudi Arabia, and Turkey. Cosmetics Design caught up with Euromonitor to discuss new growth hot spots.
South Korean firm LG Household & Healthcare has been taking more international steps of late, particularly in cosmetics, what with considering to buy Elizabeth Arden and now making plans to further expand in EMEA.
Despite being in a good financial position and maintaining its position as one of the leading cosmetics companies, L’Oréal has continued to seek out growth, in what has already been an active 2013.