GCC Perfume Market Growth: Industry Analysis, Market Size, Share, Trends, Application Analysis and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC perfume market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Perfume represents a fragrant liquid that offers a pleasant smell upon application. It is primarily obtained by combining water, aroma compounds, alcohol, essential oils, solvents, fixatives, etc. Some of the common natural ingredients used in the production of perfumes include flowers, grasses, spices, roots, balsams, resins, fruits, leaves, woods, gums, animal secretions, etc. Furthermore, perfumes have become an essential part of day-to-day life and can also signify the personality of an individual.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Perfume Industry Trends and Drivers:
The rising consumer consciousness towards personal grooming is primarily driving the GCC perfume market. Additionally, the emerging trend of utilizing exotic ouds and luxury fragrances that are infused with natural oils, such as lavender and mint, on account of the elevating standards of living among individuals, is further stimulating the market growth. Besides this, numerous market players are introducing rich and warm oriental perfumes as per the halal regulations and with natural ingredients, including musk, oud, amber, exotic flowers, etc., to expand their customer base, which is acting as another significant growth-inducing factor. Moreover, the growing penetration of international luxury brands and the easy product availability on online retail channels are also augmenting the GCC market. Apart from this, the increasing investments in R&D activities aimed at developing devices that assist the consumers in creating personal fragrances by combining various spices, aromas, essential oils, etc., as per their choice are anticipated to fuel the GCC perfume market over the forecasted period.
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GCC Perfume Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the GCC perfume industry with the leading players profiled in the report.
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