GCC Perfume Market Size, Share, Growth and Top Industry Key Players till 2023

GCC Perfume Market Report, Growth Trends And Forecast 2023

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Report Description and Highlights

Report Description

GCC Perfume Market Report By Product (Arabic, French and Others), Price (Premium Products and Mass Products), Gender, Region The GCC perfume market has witnessed strong growth over the past several years. This can be attributed to the growing adoption of Western blend of fragrances coupled with the increasing influence of online retail.

Market Overview: According to the latest report by IMARC Group, titled “GCC Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the GCC perfume market reached a value of about US$ 2.2 Billion in 2017. Perfumes refer to fragrant products made of essential oils, aroma compounds, and fixatives and solvents. Apart from providing a pleasant smell, they help in improving mood and reducing stress, and are even used for therapeutic applications. Consumers in the GCC countries spend a significant portion of their incomes on perfumes as they form an important part of their tradition. For instance, gifting perfumes on Ramadan and other special occasions is a popular custom. The demand for halal products is also high in the region owing to the Arabic and Islamic cultures.

Report Description and Highlights

Report Description Market Trends:

Over the years, the GCC countries have emerged as a hub of innovative perfume products with the local manufacturers focusing on Arabian fragrances such as amber, oud, bukhoor and rose. They have also started developing innovative perfumes with natural oils like mint and lavender, and incorporating traditional oriental notes with contemporary fragrances preferred by the consumers. On the other hand, the leading international perfume brands are combining traditional oriental blends with Western fragrances to expand their reach into the markets. Apart from this, the online retail sector is witnessing rapid growth in the GCC countries on account of easy access to international brands and regular offers.

Looking forward, the market is projected to reach a value of around US$ 3.7 Billion by 2023, expanding at a CAGR of nearly 9% during 2018-2023.

Request for a sample report: https://www.imarcgroup.com/request?type=report&id=1006&flag=B GCC Perfume Market Segmentation: Market Segmentation by Price o Price o Mass Products

Market Forecast

Sample Figure: GCC: Perfume Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description

Based on the price, the market has been segmented as premium and mass products. Currently, premium products dominate the market, holding the largest share.

Market Segmentation by Gender o Male o Female o Unisex On the basis of categories, unisex perfumes represent the most popular category, accounting for the majority of the market share. The other major categories include female and male perfumes.

Market Segmentation by Product o Arabic o French o Others The perfume market in the GCC region has been segregated on the basis of products into Arabic and French perfumes. Amongst these, Arabic perfumes dominate the market, holding the majority of the market share.

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Market Segmentation

Report Description Market Segmentation by Region • • • •

Saudi Arabia UAE Kuwait Others

Region-wise, Saudi Arabia enjoys the leading position in the GCC perfume market. Some of the other major markets include the UAE and Kuwait.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • •

Ajmal TFK Rasasi Arabian Oud Abdul Samad Al Qurashi

Market Segmentation

Report Description

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Report Description and Highlights

Report Description

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