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Beauty Market Grows Faster In Asia And UAE Than Rest Of World Market

April 8, 2016: 12:00 AM EST
In Asia and the United Arab Emirates, the beauty market is booming, growing faster than the rest of the world market. In the UAE, top beauty influencers are emerging, and with young and affluent consumers are driving trends and sales in the beauty and cosmetics industry. Although market growth declined slightly to 8 percent in 2015, compared with 9 percent in the previous year, the market is expected to continue growing. Meanwhile, in Asia, the beauty market is growing, driven by a rise in disposable incomes and continuing urbanization of Southeast Asia. Celebrity endorsements also help drive growth, which in turn has encouraged brands to develop and launch new products.
Milly Stilinovic, "What's Driving The Beauty Boom In Asia And The UAE?", Forbes.com, April 08, 2016, © Forbes.com LLC
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