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Beautyworld announces new market report in collaboration with BeautyMatter, presenting ground-breaking insight into the Past, Present and Future of the Middle East’s beauty industry

31.07.2024

With its rich history and rapidly evolving society, the beauty and personal care market is thriving across the MENA region (Middle East and North Africa). Currently valued at US$46 billion, it is projected to reach a staggering US$60 billion by 2025. To celebrate this fast-growing market, the Beautyworld x BeautyMatter 2024 Middle East Market Report: Past, Present, Future offers exciting historical, cultural and economic context, to unpack for the first time why the Middle East is a current hotbed for growth in the global beauty and wellness ecosystem.

The report traces the Middle East’s history and evolution of beauty back to its first example of lipstick and ancient fragrance rituals through to today’s definition of beauty and current trends driving the market.

Beautyworld’s extensive and insightful new report, in collaboration with BeautyMatter, provides industry professionals with all-new research, core data and intelligence into the Middle East’s fast-growing beauty industry for the first time.

With the MENA (Middle East and North Africa) beauty and personal care industry currently valued at US$46 billion and projected to reach US$60 billion by 2025 according to estimations by Euromonitor, the bespoke Beautyworld x BeautyMatter 2024 Middle East Market Report offers a timely and in-depth statistical look at the evolution, development, and future growth of the region’s beauty industry.

The report uses data, intelligence and insights from industry executives and experts to distil the intricacies of consumer demographics, the driving forces behind evolving trends, and the emergence of the new beauty consumer in the region.

The data not only analyses the rising demand for beauty and wellness products in the region. it also illustrates the high potential for continued growth rate in the sector, in part driven by the Middle East’s younger and digitally connected demographic, urbanization, rising disposable incomes and a growing expat community – with insightful predictions as to market worth in the near future.

Findings on the region’s consumer demographic show that Gen Z leads the charge across MENA, with under-30-year-olds making up 55% of the population in comparison to 36% for the Organization of Economic Cooperation and Development countries. Beauty companies wanting to tap into this influential younger consumer generation must have a digitally-savvy, values-first approach, with Gen Z’s purchasing habits increasingly looking beyond pretty packaging to brands with storytelling, purpose, and unique selling points.

The report also spotlights the growing demand for A-beauty (Arab beauty) brands and products that are designed to meet the specific needs and preferences of Middle Eastern beauty consumers, as well as the impact of regional brands on a Western market, with beauty brands such as female-run Saudi-based Asteri and Omani luxury fragrance house Amouage setting their sights on both global expansion and international recognition.

Commenting on the report, Flyn Roberts, Chief Commercial Officer of Messe Frankfurt Middle East, organisers of Beautyworld said, “With Beautyworld Middle East and Beautyworld Saudi Arabia the premier industry events in the region, this report was an important collaboration with our trusted partner BeautyMatter. We hope the report sets a new industry benchmark with the goal to bring key market data and research into one place to provide the global industry with a blueprint to better understand and capitalise on the growing opportunities for both local and foreign brands in this dynamic and ever evolving region.”

Key insights from the Beautyworld x BeautyMatter 2024 Middle East Market Report: Past, Present, Future include:

  • The GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates) is home to some of the world’s fast-growing economies, with the World Bank anticipating the region’s GDP to triple to US$6 trillion by 2050, but could grow to US$13 trillion.
  • Double digit growth is expected across all major beauty categories in the region to 2027 with a total CAGR of 12%, the highest globally according to McKinsey and Euromonitor
  • In terms of the global fragrance market, Expert Market Research predicts it will be worth US$7.21 billion by 2032, largely driven by the UAE and Saudi Arabia.
  • Women in the GCC spend an average of US$63 on make-up and US$52 on skincare per month, with men spending an average of US$16 per month on skincare.
  • Despite the growth of e-commerce mall culture remains firmly engrained in the Middle East, a market set to grow from US$376 billion in 2023 to US$586 billion in 2028 according to the Middle East Council of Shopping Centres and Retailers
  • There were 8,762 spas across MENA in 2022, representing US$4.4 billion, according to the Global Wellness Institute, a 49.2% increase since 2020, while Stellar Market pegged MENA’s spa service market at US$25.77 billion in 2023.

Commenting on the project Kelly Kovack, Founder and CEO of BeautyMatter, said, “Our approach with this market report was to do a deep dive into an incredibly dynamic region to arm readers with data and intelligence framed with historic and cultural context to inform their Middle East strategies.”

Complimenting the report, a webinar will be hosted on 13th August (6.00PM, Gulf Standard Time), bringing the beauty industry together to dive deeper into the reports findings, with a panel of beauty and wellness experts including Senior Consultant – Beauty & Health at Euromonitor - Amna Abbas, clean beauty advocate Anisha Oberoi of Secret Skin and Polly Williams, Managing Director at Dubai based health and beauty PR agency Tish Tash.

To join the webinar, register here: Registration

To download the full BeautyMatter report

BeautyMatter’s Kelly Kovack will also present key findings from the report live on the Next in Beauty stage at the upcoming Beautyworld Middle East 2024 event from 28 – 30 October at Dubai World Trade Centre. With 2,000+ exhibitors and 70,000+ expected visitors, the event celebrates the importance of the Middle East market as a key player in the global beauty industry, acting as a bridge between manufacturers, buyers, and brands, and providing industry professionals across the entire value chain a platform for connection, education, and global trade.

For more information and to register, visit:

https://beautyworld-middle-east.ae.messefrankfurt.com/dubai/en.html

About Beautyworld Middle East
Beautyworld Middle East, taking place from 28-30 October 2024 at Dubai World Trade Centre, is the region’s largest trade fair for beauty, hair, fragrance and well-being. As one of the most influential and visited beauty trade shows in the world, the event offers over 65,000 trade visitors a convenient and engaging platform to meet with over 1,800 exhibitors from across 60 countries for three days of unrivalled business networking, sourcing and inspiration.                                                 
For more information, please visit our website.

About Messe Frankfurt
The Messe Frankfurt Group is the world’s largest trade fair, congress and event organiser with its own exhibition grounds. With a workforce of some 2,300 people at its headquarters in Frankfurt am Main and in 28 subsidiaries, it organises events around the world. Group sales in financial year 2023 were more than € 600 million. We serve our customers’ business interests efficiently within the framework of our Fairs & Events, Locations and Services business fields. One of Messe Frankfurt’s key strengths is its powerful and closely knit global sales network, which covers around 180 countries in all regions of the world. Our comprehensive range of services – both onsite and online – ensures that customers worldwide enjoy consistently high quality and flexibility when planning, organising and running their events. We are using our digital expertise to develop new business models. The wide range of services includes renting exhibition grounds, trade fair construction and marketing, personnel and food services.

Sustainability is a central pillar of our corporate strategy. Here, we strike a healthy balance between ecological and economic interests, social responsibility and diversity.

For more information, please visit our website at: www.messefrankfurt.com/sustainability

With its headquarters in Frankfurt am Main, the company is owned by the City of Frankfurt (60 percent) and the State of Hesse (40 percent).

For more information: www.messefrankfurt.com

About Messe Frankfurt Middle East
Messe Frankfurt Middle East’s portfolio of exhibitions includes: Beautyworld Middle East, Beautyworld Saudi Arabia, Automechanika Dubai, Automechanika Riyadh, Intersec, Intersec Saudi Arabia, Gifts & Lifestyle Middle East, Logimotion, Light + Intelligent Building Middle East and Paperworld Middle East. In the 2023/24 event season, Messe Frankfurt Middle East exhibitions combined featured 6,324 exhibitors from over 60 countries and attracted 224,106 visitors from 156 countries.
For more information, please visit our website.