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REPOR T




            These include:                                           beauty scene with a diverse consumer base. With its growing
            1. Economic diversification – the strategic framework of   population Dammam presents an increasing opportunity for
               Vision 2030 has created a greater focus on the beauty   brands. Other regions are also contributing to the profile of
               and wellness sectors, promoted entrepreneurship and   the country’s beauty landscape.
               provided a favourable environment for local beauty
               brands and those looking to enter the market.         WOMEN LEADING THE WAY
            2. High-spend market – Saudi consumers have a strong     The rise of the female beauty entrepreneur is a noteworthy
               preference for luxury beauty products, particularly in   characteristic in Saudi Arabia and the MENA region. In many
               make-up, skincare and fragrances. This higher spending is   ways how their beauty industry is evolving is becoming a
               reflective of the shifting cultural norms and an increased   narrative of the overall social and cultural shifts taking place.
               receptivity to global beauty influences.
            3. Generational influx – the influence of the dominant
               younger population (over 63% are under the age of 30),
               their purchasing behaviour is shaped by global trends,
               social media and e-commerce, and can be seen through a
               more diversified approach to daily regimes.
            4. Increase in opportunities – both home-grown and
               international brands are benefitting from the increase
               in events such as Beautyworld Saudi Arabia, the greater
               diversity of retail and the evolving channels to the
               consumer.
            5. Cultural shift – the change in societal norms have led to an
               evolution of beauty standards that is reflected by a rising
               popularity in make-up and skincare regimens.
            6. E-commerce revolution – the digital transformation
               continues to make beauty more accessible and has been
               instrumental in introducing a greater variety of available
               products. This in combination with competitive pricing
               and a focus on personalised shopping experiences
               have been the main drivers behind the industry’s
               growth. Scaling one-to-one relationships and authentic
               connections with the customer is key to success in the
               region.
            7. Social Media – with Saudi Arabia’s high internet and social
               media penetration, it is easy to see how this channel is at
               the forefront of communication channels in the market.
               Instagram, Snapchat, Facebook and TikTok are popular
               while there is also a high YouTube watch time per capita.
               By creating easy access to trends and new products,
               providing inspiration and education as well as enhancing
               brand visibility, social media is vital asset for any beauty
               brand in the region.
            8. Clean Beauty – the trend for natural and organic products
               is linked to health and wellbeing, environmental
                                                                                          Muzon Ashgar
               concerns and a strong preference to avoid harmful
               ingredients. With local brands this is reflected by the
               uplift in appreciation of natural indigenous plants as hero   One of the most successful local beauty founders is Muzon
               ingredients.                                          Ashgar, Founder & CEO of MZN Bodycare, which when it
                                                                     launched in 2015 was the first Saudi handmade skin care
            A further consideration is the regional dynamics. Riyadh, the   brand. Led by Muzon Ashgar, the brand is the story
            capital city, is a significant market for beauty and personal   of women supporting women, from vision to creation
            care, the large urban population are focusing more on    MZN Bodycare is a women-only operation.
            personal grooming and appearance. The more commercial    As Muzon explains, “Supporting and empowering
            and cosmopolitan city of Jeddah has a vibrant fashion and   women has always been at the heart of MZN Bodycare. When



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