An article recently published at Tdctrade.com reports that the Middle East cosmetics sector has grown 12% annually over the past 3 years, with an estimated sales value of US$2.1 billion in 2007. Last year, the cosmetics and personal care market in the UAE alone was worth more than US$414 million in retail sales, an increase from US$382 million in 2005, according to a recent consumer survey.
In fact, the consumption of cosmetics and perfumes in the region ranks among the highest per capita world wide, with an average purchase per head of around US$334 annually.
Brands such as Christian Dior and Coty are active in Middle East markets, and a number of manufacturers have established subsidiaries in the region. Middle East luxury retailer Paris Gallery is planning to open 40 new retail outlets in the UAE, Qatar and Saudi Arabia - additional to those in Bahrain, Kuwait, the Lebanon and Oman - to meet the new demand for such products.
The full article is available at http://www.tdctrade.com/imn/07072404/cosmetics043.htm
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