Page 154 - EM - EXPORT MAGAZINE PERFUMERY EDITION
P. 154

THE E-COMMERCE
                 R R  E E  P P  O O   R R  T T

                                                   SHIFT IN MENA



                                                   BEAUTY
























        VALÉRIE KAMINOV – BIOGRAPHY
       Trailblazer, entrepreneur, advisor and business
       strategist are just some of the ways to describe
       Valérie Kaminov, Founder & Managing Director
         of International Luxury Brand Consultancy.
          Valérie’s enviable reputation in the world
        of international beauty, stems from her highly
          effective approach to developing brands.
      Her forward-thinking acumen and smart strategies
      are based on an innate insight into global markets,
     an ability that has led her to take brands to up-and-
         coming beauty destinations before others.
       This deep understanding of the industry, how to   The Middle East and North Africa (MENA) region has undergone a remarkable digital
     position products, where to go, who to speak to and   transformation in recent years, with e-commerce emerging as a pivotal force reshaping
      how to get results has made IL Brand Consultancy   traditional retail paradigms. As we navigate through 2025, the beauty industry stands
        the go-to company for beauty brands looking   at the forefront of this digital revolution, capitalizing on the region’s growing internet
          to grow their business around the world.   penetration, evolving payment ecosystems, and shifting consumer preferences. This
        Since establishing her influential consultancy,   comprehensive analysis explores how e-commerce is transforming the beauty sector
      Valérie has successfully steered emerging talents to   across key MENA markets, offering valuable insights for brands seeking to establish
     global recognition, re-established well-known names,   or expand their digital footprint in this diverse and dynamic region.
       advised on growth plans and introduced a host
        of beauty brands to new distribution channels.   The Digital Landscape: MENA E-commerce in 2025
       She has been instrumental in the transformation   The  e-commerce  ecosystem  in  MENA  has  matured  significantly,  evolving  from  a
      of many businesses around the world and always   nascent market to a sophisticated digital marketplace characterized by specialized
          on the belief that profitable market entry   platforms,  robust  logistics  networks,  and  innovative  financial  technologies.  As  of
       and sustained growth require the right partners.   2025,  the  region’s  e-commerce  infrastructure  comprises  multiple  interconnected
        It is why she is regarded as one of the most   segments, from marketing and customer experience solutions to advanced logistics
           well-connected people in the industry.   networks, diverse marketplaces, and secure fintech services.
         Having been at the forefront of the global   The e-commerce market in MENA is projected to reach substantial value by 2025, with
          cosmetics industry for over 25 years,    Saudi Arabia leading at approximately $27.5 billion, followed by the UAE at $20 billion,
      Valerie’s thought leadership and knowledge have led   and Egypt at $8 billion. These figures represent the culmination of consistent growth
      her to be a regular contributor to Export Magazine,   trajectories that began accelerating during the pandemic years and have maintained
             creator of Connect Beauty, host
       at the IMF Convention, developer of the Cannes   momentum through digital adoption across broader segments of the population.
        Duty Free programme as well as author of the   In terms of payment methods, a significant shift is underway in the region. While
        informative market-focused Inside Cosmetics   credit cards dominated with 24% of transaction value in 2023, they are expected to
        Collection that have become required reading   decline to 18% by 2027. Conversely, digital wallets are projected to increase from 23%
          for brands looking at global expansion.   to 34%, becoming the preferred payment method for online transactions. Account-to-
         From launching brands on the international   account transfers are also gaining traction, expected to rise from 16% to 21% by 2027.
       stage to being a business intelligence resource,   Perhaps most notably, cash  on delivery—once  a  staple  of MENA e-commerce—is
         150
        Valérie’s rare combination of skills make her   declining rapidly, projected to fall from 9% to just 5% of transactions by 2027, signaling
          an exceptional consultant and advisor.   growing consumer confidence in digital payment systems.
   149   150   151   152   153   154   155   156   157   158   159