According to IMARC Group latest published report, The GCC perfume market size reached US$ 2.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2027, exhibiting a growth rate (CAGR) of 5.6% during 2022-2027.
Year Considered to Estimate the Market Size:
Base Year of the Analysis: 2021
Historical Period: 2016-2021
Forecast Period: 2022-2027
Perfume is a fragrant product which is prepared from a heterogeneous mixture of fragrant essential oils, aroma compounds, and fixatives and solvents. Usually available in a liquid form, it is widely used to impart a pleasant aroma to the user’s body. Along with this, perfumes aid in improving mood and reducing stress. The perfume market in the GCC region has been flourishing over the past few years. The natives of the region have been traditionally using perfumes and incense made from Agarwood, a resin-embedded wood, for its distinctive fragrance. It forms a dominant ingredient in various locally manufactured perfumes.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Download a free sample report to get a detailed overview of the report: https://www.imarcgroup.com/gcc-perfume-market/requestsample
GCC Perfume Market Trends:
Rising disposable income is one of the key factors driving the market in the region. With rapid urbanization and increasing western influences, consumers in the region are now inclining toward premium quality products. Apart from the already preferred perfumes with amber, oud, bukhoor and rose, manufacturers are constantly investing to bring innovative fragrances in the market which are infused with natural oils like lavender or mint. This, along with an increase in the expatriate population in the region, has aided the manufacturers to expand their consumer base.
Moreover, the thriving tourism industry in the GCC region has triggered the surge in the duty-free sales which is spurring the growth of the export market. A flourishing e-commerce industry along with increasing lifestyle expenditure is also significantly contributing to the market growth. Additionally, keeping with the Islamic belief of the majority of the population in the region, international manufacturers are now launching products which are produced in accordance with halal regulations, which is creating a positive outlook for the market.
Table of Contents
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC perfume market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on price, gender and product.
Breakup by Price:
- Premium Products
- Mass Products
Premium products currently represent the largest category of perfumes in the GCC region.
Breakup by Gender:
- Male
- Female
- Unisex
The perfume market in the GCC region has been segmented on the basis of categories which include unisex, female and male. Currently, unisex represents the most popular category.
Breakup by Product:
- Arabic
- French
- Others
Based on the product, the market has been segregated into Arabic and French perfumes. Arabic perfumes dominate the market, holding the majority of the market share.
Breakup by Region:
- Saudi Arabia
- UAE
- Kuwait
- Others
On a geographical front, Saudi Arabia enjoys the leading position in the GCC perfume market. Some of the other major markets include UAE and Kuwait.
Competitive Landscape:
The perfume market is fragmented in nature with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Ajmal
- TFK
- Rasasi
- Arabian Oud
- Abdul samad Al qurashi
This report provides a deep insight into the GCC perfume market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC perfume industry in any manner.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
30 N Gould St
Ste R
Sheridan, WY 82801
USA
Email: [email protected]
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal
