The beauty industry

The beauty industry in the MENA region, already valued at $15.9 billion, is poised to grow twice as fast as the rest of the world, with a compound annual growth rate (CAGR) of 8.5 per cent in the next 3 years. Meanwhile, the global industry, which is worth $44.4 billion, is estimated to grow at 4.2 per cent per annum. These findings were revealed via the Venture Capital firm Millennial Capital's 'Mena Beauty Care Report'. The reasons cited are high spending per capita, strong consumer confidence, high literacy rates, and a young population with a high social media exposure. #dubaihair #arabbeauty #timeoutdubai #dubaihair #dubaistyle #dubaimakeup #dubaihealth #arabmakeup #arabsalon #dubaisalon #dubaispa #hairsalon #difc #jbr #burjalarab