Gulf Cooperation Council Direct Selling Market Size & Outlook
Gulf Cooperation Council direct selling market, 2018-2030 (US$M)
Related Markets
Gulf Cooperation Council direct selling market highlights
- The Gulf Cooperation Council direct selling market generated a revenue of USD 503.7 million in 2022 and is expected to reach USD 767.0 million by 2030.
- The Gulf Cooperation Council market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, health & wellness was the largest revenue generating product in 2022.
- Cosmetics and Personal Care is the most lucrative product segment registering the fastest growth during the forecast period.
Direct selling market data book summary
| Market revenue in 2022 | USD 503.7 million |
| Market revenue in 2030 | USD 767.0 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Health & wellness |
| Fastest growing segment | Cosmetics and Personal Care |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Health & Wellness, Cosmetics and Personal Care, Household Goods & Durables |
| Key market players worldwide | Amway Corporation, Herbalife Ltd, Natura &Co Holding SA ADR, Friedrich Vorwerk Group SE ADR, Nu Skin Enterprises Inc Class A, Tupperware Brands Corp, Oriflame |
Other key industry trends
- In terms of revenue, Gulf Cooperation Council accounted for 0.3% of the global direct selling market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa direct selling market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 6,175.2 million by 2030.
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Direct Selling Market Scope
Direct Selling Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Gulf Cooperation Council direct selling market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to direct selling market will help companies and investors design strategic landscapes.
Health & wellness was the largest segment with a revenue share of 36.89% in 2022. Horizon Databook has segmented the Gulf Cooperation Council direct selling market based on health & wellness, cosmetics and personal care, household goods & durables covering the revenue growth of each sub-segment from 2018 to 2030.
GCC is a well-developed market for direct selling. The constantly improving economy, women empowerment, and digitization are the key factors driving the market. One of the prominent players operating in the GCC region, QNET LTD., an e-commerce-based direct selling company, offers an extensive portfolio of personal care and products across the region and around the globe.
Personal care products are becoming increasingly essential to consumers’ daily routines. As more people explore their options and learn the science behind a product, the demand for products has increased in direct selling.
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Target buyers of Gulf Cooperation Council direct selling market databook
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Our clientele includes a mix of direct selling market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Gulf Cooperation Council direct selling market , including forecasts for subscribers. This country databook contains high-level insights into Gulf Cooperation Council direct selling market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Gulf Cooperation Council direct selling market report size, by product, 2018-2030 (US$M)
Gulf Cooperation Council Direct Selling Market Outlook Share, 2022 & 2030 (US$M)
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