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on December 4, 2023
The latest report by IMARC Group, titled “GCC Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, offers a comprehensive analysis of the industry, which comprises insights on the GCC perfume market growth. The market size reached US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.3% during 2024-2032.
Perfume is a fragrant liquid composed of a mixture of essential oils, aroma compounds, solvents, and fixatives. Its primary purpose is to emit a pleasant and lasting scent when applied to the human body, objects, or living spaces. Perfumes have been used for centuries for personal adornment and to mask or enhance natural body odors. They come in a variety of scents and concentrations, allowing individuals to choose fragrances that align with their preferences and moods. The art of perfume-making involves blending various fragrance notes—top, middle, and base notes—to create a complex and harmonious aroma. Top notes are the initial scents perceived, middle notes form the core of the fragrance, and base notes provide depth and longevity. Perfumes can be categorized into various families based on their predominant scents, such as floral, fruity, oriental, and woody. At present, perfumes are gaining immense traction across the GCC countries as they play a significant role in the beauty and fashion industry and are often considered a subtle yet impactful form of personal statement and art.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/gcc-perfume-market/requestsample
GCC Perfume Market Trends and Drivers:
The GCC perfume market is primarily driven by rising cultural significance, as fragrance holds a special place in Gulf Arab traditions and is an integral part of personal grooming and hospitality. Apart from this, the rapid expansion of the tourism industry in countries like the UAE and Saudi Arabia, which attracts millions of visitors annually, is propelling market growth, as tourists often seek duty-free purchases. Besides this, the rising presence of prestigious international perfume brands and boutiques in the region that cater to diverse consumer preferences has catalyzed market growth. Additionally, the emerging gifting culture and the importance of fragrance in social and religious occasions have escalated perfume sales. Moreover, the GCC's status as a global trade hub that enhances the distribution and export of perfumes to a wide range of international markets is another major growth-inducing factor. Furthermore, a heightening awareness of sustainability and eco-friendly practices in fragrance production that aligns with environmental concerns and influences consumer choices is contributing to market growth.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Price:
- Premium Products
- Mass Products
Breakup by Gender:
- Male
- Female
- Unisex
Breakup by Product:
- Arabic
- French
- Others
Breakup by Region:
- Saudi Arabia
- UAE
- Kuwait
- Others
Breakup by Country:
- Saudi Arabia
- UAE
- Qatar
- Oman
- Kuwait
- Bahrain
Competitors Landscape with Key Players:
- Ajmal
- TFK
- Rasasi
- Arabian Oud
- Abdul samad Al qurashi
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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.
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Posted in: Business
Topics:
gcc perfume market