Health and Beauty Cosmeceuticals Industry and Market Expansion in Saudi Arabia
- *Corresponding Author:
- Tambo E
Biochemistry and Molecular Biology Unit, Public Health Pests laboratory (PHPL)
of Jeddah Governate, Kingdom of Saudi Arabia
E-mail: [email protected]
Received date: May 22, 2016; Accepted date: August 30, 2016; Published date: September 01, 2016
Citation: Tambo E, Almeer H, Alshamrani Y (2016) Health and Beauty Cosmeceuticals Industry and Market Expansion in Saudi Arabia. Pharmaceut Reg Affairs 5:172. doi: 10.4172/2167-7689.1000172
Copyright: © 2016 Tambo E et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Background: Cosmeceutical regulatory and legislation framework continue to play a significant role in beauty and care companies and biotechnology establishment and market expansion worldwide. Comparably, in local high quality cosmeceutical and international brands production and marketing innovations is one of the fastest growing sectors with economic benefits in the Kingdom. This article examines cosmeceuticals market landscape and investment opportunities insights important market investment, opportunities-driven demand and emerging economy in saudization and employment growth in Saudi Arabia.
Results: Our findings showed that there is a growing need to enhance and build partnerships and collaborations in improving pharmaceuticals including cosmeceuticals investments, networks and platforms to move forward market diversification and growth in the Kingdom. Moreover, adequate and efficient harmonization and regulatory processes are vital in accelerating the current empowerment, sustainable economic and social gains and benefits including increasing saudization. Fostering comprehensive health and beauty products regulatory compliance and capacity development in existing and new products premarket approval, ingredient control and labeling warnings and marketing best practices. Notably, constant cosmetovigilance nationwide is vital for evidence-based solutions in flourishing new cosmeceutical firms and market needs and demand. Promoting import and export minimize clearance approval barriers and challenges, scaling up market openness to international competition, while ensuring consumers safety is crucial.
Conclusions: Cosmeceutical industry and market has great potential to change population perception, acceptance, uptake and utilization of beauty and personal care products. With increasing fascination among young vibrant populations including annual large Muslim pilgrims and visitors, the cosmeceuticals product market partnerships and investment technology advancements should be supported in new emergence potential strategic market ties and solutions.