Kuwait Perfume Market PPT 2019: Trends, Scope, Demand, Opportunity and Forecast by 2024

Kuwait Perfume Market Research Report and Forecast 2024

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Report Description Kuwait Perfume Market Overview:

According to the latest report by IMARC Group, titled “ Kuwait Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, the Kuwait perfume market reached a value of US$ 113 Million in 2018. Kuwait is the second richest GCC country and one of the leading markets for personal care and cosmetic products. Similar to other Arabic countries, both men and women in Kuwait approach fragrances as a ritual and layer on multiple products for a unique blend. These blends consist of both traditional oils and attars as well as western perfumes. On account of this, both regional and global perfume manufacturers are trying to expand their businesses in Kuwait. However, as the region has limited flora, the raw materials used in different fragrances are imported from Europe to meet the demand.

Kuwait Perfume Market Trends Kuwait represents one of the fastest growing markets for premium products, such as perfumes, since its inhabitants enjoy a very high per capita income. In addition, a significant rise in the number of tourists as well as the construction of new malls in the region have created growth opportunities for both the international and regional perfume brands. Apart from this, the manufacturers are increasing their media presence in the country in order to attract younger consumers.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Million US$

In Million US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

In addition, they are coming up with innovative packaging formats with designer perfume bottles so as to provide a luxury experience to their consumers. Owing to the abovementioned factors, the market is projected to reach a value of US$ 196 Million by 2024, registering at a CAGR of 9.5% during 2019-2024.

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Moreover, the leading perfume brands in the region are focusing on developing unique and personalized fragrances that are highly preferred by the Kuwaitis.

Key Market Segmentation: Market Segmentation by Product Type • •

Premium Products Mass Products

Based on product type, the Kuwait perfume market has been segmented into premium and mass products. Premium products incorporate upscale perfume brands which are not easily accessible and affordable. On the other hand, mass products are easily available as they can be purchased from the local markets, supermarkets, hypermarkets, etc.

Market Segmentation by Gender • •

Male Female

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Report Description •

Unisex

On the basis of gender, the market has been categorized into male, female and unisex perfumes. Male perfumes mostly encompass woody-musk fragrance notes, whereas perfumes designed for women primarily contain floral/fruity undertones.

For more information, click here: https://www.imarcgroup.com/kuwait-perfume-market Market Segmentation by Perfume Type • • •

Arabic French Others

The market has been segregated on the basis of perfume type into Arabic, French and others.

Presently, Arabic perfumes represent the most popular segment, holding the majority of the market share.

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Report Description Browse Related Report

Perfume Market Report: https://www.imarcgroup.com/perfume-manufacturing-plant Saudi Arabia Perfume Market Report: https://www.imarcgroup.com/saudi-arabia-perfume-market

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