Middle East & Africa Skin Lightening Products Market Size & Outlook
Middle East Africa Skin Lightening Products Market, 2018-2030 (US$M)
Global Market
Related Markets
MEA skin lightening products market highlights
- The MEA skin lightening products market generated a revenue of USD 927.7 million in 2023.
- The market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, creams was the largest revenue generating product in 2023.
- Cleanser is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 927.7 million |
| Market revenue in 2030 | USD 1,200.6 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Creams |
| Fastest growing segment | Cleanser |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Creams, Cleanser, Face Mask |
| Key market players worldwide | L'Oreal SA, Beiersdorf AG, Shiseido Co Ltd, Procter & Gamble Co, Unilever PLC, Kao Corp, Avon Products, Himalaya Global, Lotus Herbals, VLCC Healthcare |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.3% of the global skin lightening products market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,111.0 million by 2030.
Growing middle-class population and increased spending power across many socio-economic groups in the Middle East & South Africa have propelled the demand for affordable but reliable quality skincare products. This factor is subsequently expected to drive the skin lightening products market in the region.
According to an article by Financial Tribune, Iranians spent 4.5% of their annual earnings on beauty and 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, will bode well for skin lightening products.
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Skin Lightening Products Market Scope
Skin Lightening Products Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Procter & Gamble Co | View profile | 107,000 | One Procter and Gamble Plaza, Cincinnati, OH, United States, 45202 | www.pginvestor.com |
| Unilever PLC | View profile | 128,377 | 100 Victoria Embankment, London, United Kingdom, EC4Y 0DY | www.unilever.com |
| Beiersdorf AG | View profile | 21,958 | Unnastrasse 48, Hamburg, Germany, 22529 | www.beiersdorf.com |
| Shiseido Co Ltd | View profile | 35,859 | 5-5 Ginza 7-chome, Chuo-ku, Tokyo, Japan, 104-0061 | www.shiseido.co.jp |
| L'Oreal SA | View profile | 94,605 | 41, Rue Martre, Clichy Cedex, Paris, France, 92117 | www.loreal.com |
| Lotus Herbals | View profile | 1001-5000 | Solan, Himachal Pradesh, India, Asia | www.lotusherbals.com |
| Kao Corp | View profile | 42,450 | 14-10, Nihonbashi Kayabacho 1-chome, Chuo-ku, Tokyo, Japan, 103-8210 | www.kao.com |
| Avon Products | View profile | 10001+ | London, England, United Kingdom, Europe | www.avon.co.in |
| Himalaya Global | View profile | - | Riga, Riga, Latvia, Europe | himalayaglobalholdings.com/ |
| VLCC Healthcare | View profile | 1001-5000 | Gurgaon, Haryana, India, Asia | www.vlccwellness.com |
Middle East & Africa Skin Lightening 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 Skin Lightening Products Market Outlook will help companies and investors design strategic landscapes.
Creams was the largest segment with a revenue share of 52.12% in 2023.
Horizon Databook has segmented the Middle East & Africa skin lightening products market based on creams, cleanser, face mask covering the revenue growth of each sub-segment from 2018 to 2030.
Growing middle-class population and increased spending power across many socio-economic groups in the Middle East & South Africa have propelled the demand for affordable but reliable quality skincare products. This factor is subsequently expected to drive the skin lightening products market in the region.
According to an article by Financial Tribune, Iranians spent 4.5% of their annual earnings on beauty and 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, will bode well for skin lightening products.
- Middle East & Africa Skin Lightening Products Market Product Outlook (Revenue, USD Million , 2018-2030)
- Creams
- Cleanser
- Face Mask
- Others
- Middle East & Africa Skin Lightening Products Market Nature Outlook (Revenue, USD Million , 2018-2030)
- Synthetic
- Natural
- Organic
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa Skin Lightening Products Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Skin Lightening Products Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
MEA skin lightening products market statistics, by product, 2018-2030 (US$M)
