Middle East & Africa Dna-based Skin Care Products Market Size & Outlook
Middle East & Africa dna-based skin care products market, 2016-2028 (US$M)
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MEA dna-based skin care products market highlights
- The MEA dna-based skin care products market generated a revenue of USD 177.6 million in 2020.
- The market is expected to grow at a CAGR of 3% from 2021 to 2028.
- In terms of segment, creams was the largest revenue generating product in 2020.
- Serums is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2021 to 2028.
MEA data book summary
| Market revenue in 2020 | USD 177.6 million |
| Market revenue in 2028 | USD 225.1 million |
| Growth rate | 3% (CAGR from 2020 to 2028) |
| Largest segment | Creams |
| Fastest growing segment | Serums |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Serums |
| Key market players worldwide | The Beauty Health Co Ordinary Shares - Class A, Imagene Labs, EpigenCare, ALLÉL, SkinDNA Clinics, Skinshift, LifeNome Inc. |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.0% of the global dna-based skin care products market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,087.9 million by 2028.
Key Regions: U.S. , UK , Brazil , Saudi Arabia , Germany
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DNA-based Skin Care Products Market Scope
DNA-based Skin Care Products Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa dna-based skin care products market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to dna-based skin care products market will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 54.17% in 2020. Horizon Databook has segmented the Middle East & Africa dna-based skin care products market based on creams, serums covering the revenue growth of each sub-segment from 2016 to 2028.
The Middle East & Africa region has been witnessing a significant rise in the middle-income population, owing to increasing job opportunities and the presence of international manufacturers. Growing working population and the considerable rise in their purchasing power capacity have contributed to a rise in spending on skincare products, positively impacting the DNA-based skincare products market in the region.
The increasing demand for skincare and cosmetic products in countries such as Iran, Saudi Arabia, Oman, and Dubai is one of the major factors driving the market growth. According to an article by Financial Tribunal, Iranians spent 4.5% of their annual earnings on skincare products in 2018, which is three times more than most European countries, including Germany and France.
In addition, there are 15 million cosmetic and skincare product users in Iran, which makes it the second-largest Arab market for cosmetics after Saudi Arabia. As a result, the demand for skincare and beauty products is anticipated to remain high in the region, which, in turn, boosts the market growth of DNA-based skincare products.
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Our clientele includes a mix of dna-based skin care products market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa dna-based skin care products market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa dna-based skin care products market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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MEA dna-based skin care products size, by country, 2016-2028 (US$M)
Middle East & Africa DNA-based Skin Care Products Market Outlook Share, 2020 & 2028 (US$M)
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