After the strong growth seen in 2022, skin care looks set for steadier growth in retail volume terms over the forecast period as the market stabilises. As Saudi Arabia slowly recovers from the impact of the pandemic and economic activity picks up this should boost consumer confidence.
By 2025, Saudi Arabia aims to invest SAR24 billion in switching to a more sustainable waste-management system. Beauty and personal care companies are also expected to increasingly focus on sustainability, with this falling into line with local and international efforts to tackle climate change.
The number of authorised fintech companies in Saudi Arabia is growing rapidly, with this supporting the rapid rise in the provision of BNPL services. For example, local start-up Tamara continues to secure funding to finance its BNPL product, while Tabby has launched its virtual card in the Kingdom in partnership with Visa, with this allowing shoppers to split their purchases into four payments at select in-store locations.
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Understand the latest market trends and future growth opportunities for the Skin Care industry in Saudi Arabia with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Skin Care industry in Saudi Arabia, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This is the aggregation of facial care, body care, hand care and skin care sets/kits.See All of Our Definitions
This report originates from Passport, our Skin Care research and analysis database.
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