The export value of Beauty, Make-Up and Skin Care Preparations from Saudi Arabia has shown a positive trend from 2013 to 2023, starting at 4.4139 Million USD and reaching 9.1677 Million USD in 2023. Year-on-year analysis indicates significant fluctuations, with a notable growth of 57.05% in 2015, followed by periods of stabilization and modest growth. Recent years show a steadier rise, with a 2.67% increase in 2023. The compound annual growth rate (CAGR) over the last five years stands at 2.17%.
Future trends: Forecasts indicate continued growth with an expected CAGR of 2.01% from 2024 to 2028, reaching 10.414 Million USD by 2028. Key trends to watch include increasing demand for premium skincare products, market expansion in emerging economies, and the impact of sustainable and ethical product lines on consumer preferences.
