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)

The cosmeceuticals market in MEA is expected to grow from US$ 3,612.99 million in 2021 to US$ 6,164.20 million by 2028; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.

The COVID-19 pandemic forced consumers to live inside the confines of homes, which enhanced digitalization over every aspect of their lives. People who were previously unwilling to adopt technology into their lives completely rely on digital technology to continue their daily activities. This dependence on technology also increased the exposure to blue light. Blue light is known to have damaging effects on the skin. This allows cosmeceutical brands to provide innovative ingredients to minimize blue light’s damaging impact on the skin. Blue light protection is one of the most anticipated and significant trends that is expected in the future. The customers want to take care of their skin, and cosmeceutical companies are here to help delay the process of skin aging. The market is expected to witness the supply of ingredients such as turmeric and algae in cosmeceutical products.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA cosmeceuticals market. The MEA cosmeceuticals market is expected to grow at a good CAGR during the forecast period.

MEA Cosmeceuticals Market Revenue and Forecast to 2028 (US$ Million)

MEA Cosmeceuticals Market Segmentation

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.

1. Allergan
2. Amway Corp.
3. Avon Products Inc.
4. BASF SE
5. Beiersdorf Global
6. Croda International Plc
7. Johnson & Johnson
8. L'Oreal
9. Procter & Gamble
10. Unilever plc

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