GCC Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

0
246

According to a new report by IMARC Group, the GCC perfume market size reached US$ 3 Billion in 2020. Looking forward, the market is expected to continue its moderate growth during the next five years.

Report Metric

Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

Download free sample of the report: https://www.imarcgroup.com/gcc-perfume-market/requestsample

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.

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.

Browse full report with table of contents: https://www.imarcgroup.com/gcc-perfume-market

Note: 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.

Insights on Market Segmentation: Market Breakup by Price

  1. Premium Products
  2. Mass Products

On the basis of the price, premium products exhibit a clear dominance in the market, followed by mass products.

Market Breakup by Gender

  1. Male
  2. Female
  3. Unisex

Based on the gender, the market has been divided into unisex, female and male segments, wherein unisex represents the most popular segment.

Market Breakup by Product

  1. Arabic
  2. French
  3. Others

On the basis of the product type, the market has been bifurcated into Arabic and French perfumes. Amongst these, Arabic perfumes account for the majority of the total market share.

Market Breakup by Region

  1. Saudi Arabia
  2. UAE
  3. Kuwait
  4. Others

On the geographical front, Saudi Arabia holds the leading position in the market. Other major regions include the UAE and Kuwait.

Competitive Landscape

The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market.

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

IMARC Group

Email: sales@imarcgroup.com

Phone No: (D) +91 120 433 0800 | www.imarcgroup.com 

Americas :- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331