Report : Middle East and Africa Cosmeceuticals Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Active Ingredient (Antioxidants, Peptides and Proteins, Exfoliants, Retinoids, Botanicals, and Others), Distribution Channel (Supermarkets/Hypermarkets, Online Retail Stores, Convenience Stores, Specialist Stores, and Other Distribution Channels), and Product (Skin Care, Hair Care, Oral Care, and Others)
Supermarket/Hypermarkets Segment to Dominate MEA Cosmeceuticals Market during 2020–2028
According to a new market research study on “MEA Cosmeceuticals Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Active Ingredient, Distribution Channel, and Product” is expected to reach 6,164.20 US$ million by 2028 from 3,612.99 US$ million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The report provides trends prevailing in the MEA cosmeceuticals market along with the drivers and restraints pertaining to the market growth. Upcoming of enhanced blue light protection is the major factor driving the growth of the MEA cosmeceuticals market. However, issues associated with strict regulatory approvals hinders the growth of MEA cosmeceuticals market.
MEA cosmeceuticals market is segmented into active ingredient, distribution channel, product, and country. By active ingredient, the cosmeceuticals market is segmented into antioxidants, peptides and proteins, exfoliants, retinoids, botanicals, and others. The antioxidants segment held the largest market share in 2021. The MEA cosmeceuticals market, based on distribution channel, is segmented into supermarket/hypermarket, online retail stores, convenience stores, specialist stores, and other distribution channels. In 2021, the supermarket/hypermarket segment held the largest share of the market. The cosmeceuticals market, by product, is segmented into skin care, hair care, oral care, and others. The skin care segment held the largest share of the market in 2021. Based on country, the MEA cosmeceuticals market is segmented into Saudi Arabia, South Africa, UAE, and the Rest of MEA.
Allergan, Amway Corp., Avon Products Inc., BASF SE, Beiersdorf Global, Croda International Plc, Johnson & Johnson, L'Oreal, Procter & Gamble, and Unilever plc are among the leading companies in the MEA cosmeceuticals market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
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