Beauty & Personal Care - Bahrain

  • Bahrain
  • In 2024, the Beauty & Personal Care market in Bahrain is projected to generate a revenue of US$258.70m.
  • It is expected to experience an annual growth rate of 4.38% (CAGR 2024-2029).
  • The largest segment in this market is Personal Care, which is estimated to have a market volume of US$117.60m in 2024.
  • When compared globally, in the United States generates the highest revenue in this market, with a total of US$101bn in 2024.
  • In terms of per capita revenue, in Bahrain is expected to generate US$172.60 per person in 2024.
  • Furthermore, it is projected that 39.6% of the total revenue in the Beauty & Personal Care market will be generated through online sales by 2024.
  • Bahrain's Beauty & Personal Care market is witnessing a surge in demand for organic and natural products, driven by a growing awareness of health and sustainability.

Key regions: United States, Worldwide, India, Indonesia, Canada

 
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Analyst Opinion

The Beauty & Personal Care market in Bahrain is witnessing minimal growth, influenced by shifting consumer preferences, the rising demand for organic products, and the impact of social media on beauty trends, which are shaping purchasing behaviors across the sector.

Customer preferences:
In Bahrain, consumers are increasingly gravitating towards sustainable and ethically sourced beauty products, reflecting a heightened awareness of environmental issues and social responsibility. Additionally, younger demographics are favoring personalized skincare solutions that cater to their unique needs, often influenced by social media beauty influencers. This shift towards customization is complemented by a growing interest in wellness-focused beauty regimes, blending beauty with holistic health practices, which resonates with the region's evolving lifestyle preferences.

Trends in the market:
In Bahrain, the Beauty & Personal Care market is experiencing a notable shift towards sustainable and ethically sourced products, driven by consumers' increasing awareness of environmental and social issues. Concurrently, personalized skincare solutions are gaining popularity, particularly among younger demographics influenced by social media beauty influencers. This trend is further enhanced by a rising interest in wellness-focused beauty regimes, merging beauty with holistic health practices. These evolving preferences present significant opportunities for brands to innovate, align with consumer values, and foster deeper connections with their target audience.

Local special circumstances:
In Bahrain, the Beauty & Personal Care market is uniquely shaped by its cultural emphasis on traditional beauty practices, such as the use of natural ingredients like saffron and rosewater. The country's diverse population fosters a blend of beauty influences, combining local traditions with global trends. Additionally, regulatory frameworks promoting sustainable practices encourage brands to adopt eco-friendly solutions. The influence of Islamic values encourages modest beauty standards, impacting product offerings and marketing strategies, thus creating a distinct market dynamic.

Underlying macroeconomic factors:
The Beauty & Personal Care market in Bahrain is significantly influenced by macroeconomic factors such as national economic stability, consumer spending power, and evolving fiscal policies. The nation's robust economic growth, driven by oil revenues and diversification efforts, enhances disposable income, allowing consumers to invest in premium beauty products. Furthermore, global trends towards sustainability and ethical consumption resonate with Bahraini consumers, prompting brands to innovate with eco-friendly solutions. Additionally, the government’s support for local businesses and investment in tourism bolsters market performance, attracting international brands eager to tap into Bahrain's diverse demographic and cultural landscape.

Methodology

Data coverage:

The data encompasses B2C enterprises. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations such as population, GDP per capita, and Human Development Index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, multiple forecasting techniques based on different forecasting methods, such as Autoregressive Integrated Moving Average (ARIMA) and exponential trend smoothing, can provide the most accurate forecasts.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level.

Overview

  • Revenue
  • Sales Channels
  • Global Comparison
  • Analyst Opinion
  • Methodology
  • Key Market Indicators
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