Key Market Indicators
The cosmetics market in the UAE is expected to reach $7.5 billion by 2026. This is an increase of 0.6% year on year on average from $7.4 billion in 2021. It is estimated that since 2012, the demand for cosmetics in the country has grown 6.4% year on year. In 2021, the UAE ranked 14th in the world for cosmetics imports, with Italy overtaking it with $3.2 billion. China, Germany and the UK were the top three countries in this category. The UAE is also set to be a major exporter of cosmetics, with its exports projected to reach $4.2 billion by 2026. This is a 3.1% year on year increase from $3.5 billion in 2021. Since 2012, Emirati supply has grown 25.4% year on year. In 2021, the UAE ranked 16th in the world, with Belgium ahead with $3.5 billion. The US, Germany and Ireland were the top three countries in this category.
