PERSONAL CARE PRODUCTS STABILISING IN GULF COUNTRIES
September 1st, 2010
BY PAUL COCHRANE
THE MULTI-BILLION dollar cosmetics and fragrances industry in the Middle East's six Gulf Cooperation Council (GCC) countries has had a mixed few years in the wake of the global financial crisis, made more unpredictable by demographic change and purchasing behaviour shifts.
In the years leading up to 2008's downturn, the personal care industry in the region - Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates (UAE) - had one of the highest growth rates in the world, at some 12% per annum over three years. This was driven by ...
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