GCC Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 139 Pages I IMARC Group
Market Overview:
The GCC perfume market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Perfume is a fragrant liquid which is prepared by combining water, alcohol, aroma compounds, essential oils, solvents and fixatives. Perfumes are formulated on the basis of different scent families such as green, oriental, musk, floral, woody, amber, herbaceous, etc. As compared to earlier, perfumes have, nowadays, become a necessity and are used on a daily basis. They help in improving the overall personality of a person by offering a pleasant scent to the human body. As a result, perfumes have gained immense traction in the GCC region.
GCC Perfume Market Drivers
Over the past few years, the tourism sector of the GCC region has experienced a significant growth which has triggered the surge in the duty-free sales. This acts as a major factor which has been boosting the perfume market in the region.
In the GCC region, the disposable income of the consumers has been increasing owing to which they are able to afford premium categories of different fragrances and perfumes. This has contributed towards a propelling demand for good-quality perfumes across the region.
As majority of the people in the GCC region follow Islamic beliefs, manufacturers have started producing fragrances and perfumes according to halal regulations which has positively influenced the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the GCC perfume market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on price, gender and product.
Breakup by Price:
Premium Products
Mass Products
Premium products currently represent the largest category of perfumes in the GCC region.
Breakup by Gender:
Male
Female
Unisex
The perfume market in the GCC region has been segmented on the basis of gender which include unisex, female and male. Currently, unisex represents the most popular category.
Breakup by Product:
Arabic
French
Others
Based on the product, the market has been segregated into Arabic and French perfumes. Arabic perfumes dominate the market, holding the majority of the market share.
Breakup by Region:
Saudi Arabia
UAE
Kuwait
Others
On a geographical front, Saudi Arabia enjoys the leading position in the GCC perfume market. Some of the other major markets include UAE and Kuwait.
Competitive Landscape:
The perfume market is fragmented in nature with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
Ajmal
TFK
Rasasi
Arabian Oud
Abdul samad Al qurashi
This report provides a deep insight into the GCC perfume market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the GCC perfume industry in any manner.
Key Questions Answered in This Report:
How has the GCC perfume market performed so far and how will it perform in the coming years?
What are the key regions in the GCC perfume market?
What has been the impact of COVID-19 on the GCC perfume market?
What are the key product types in the GCC perfume market?
What are the major gender segments in the GCC perfume market?
What has been the performance of the premium segment versus the mass segment?
What are the various stages in the value chain of the GCC perfume market?
What are the key driving factors and challenges in the GCC perfume market?
What is the structure of the GCC perfume market and who are the key players?
What is the degree of competition in the GCC perfume market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Perfume Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Price
5.4 Market Breakup by Gender
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
6 GCC Perfume Market
6.1 Market Overview
6.2 Market Performance
6.3 Impact of COVID-19
6.4 Market Breakup by Price
6.5 Market Breakup by Gender
6.6 Market Breakup by Product
6.7 Market Breakup by Region
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.10.1 Overview
6.10.2 Research and Development
6.10.3 Raw Material Procurement
6.10.4 Manufacturing
6.10.5 Marketing
6.10.6 Distribution
6.10.7 End-Use
6.11 Porters Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Competition
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Price Analysis
6.12.1 Key Price Indicators
6.12.2 Price Structure
6.12.3 Margin Analysis
7 Market Breakup by Price
7.1 Premium Products
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mass Products
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Gender
8.1 Male
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Female
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Unisex
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Product
9.1 Arabic
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 French
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Others
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 Saudi Arabia
10.1.1 Market Trends
10.1.2 Market Breakup by Price
10.1.3 Market Breakup by Gender
10.1.4 Market Breakup by Product
10.1.5 Key Players
10.1.6 Market Forecast
10.2 UAE
10.2.1 Market Trends
10.2.2 Market Breakup by Price
10.2.3 Market Breakup by Gender
10.2.4 Market Breakup by Product
10.2.5 Key Players
10.2.6 Market Forecast
10.3 Kuwait
10.3.1 Market Trends
10.3.2 Market Breakup by Price
10.3.3 Market Breakup by Gender
10.3.4 Market Breakup by Product
10.3.5 Key Players
10.3.6 Market Forecast
10.4 Others
11 Perfume Manufacturing Process
11.1 Product Overview
11.2 Raw Material Requirements
11.3 Manufacturing Process
11.4 Key Success and Risk Factors
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
12.3.1 Ajmal
12.3.2 TFK
12.3.3 Rasasi
12.3.4 Arabian Oud
12.3.5 Abdul samad Al qurashi
Figure 1: GCC: Perfume Market: Major Drivers and Challenges
Figure 2: Global: Perfume Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Perfume Market: Breakup by Price (in %), 2022
Figure 4: Global: Perfume Market: Breakup by Gender (in %), 2022
Figure 5: Global: Perfume Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Perfume Market: Breakup by Region (in %), 2022
Figure 7: Global: Perfume Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: GCC: Perfume Market: Sales Value (in Billion US$), 2017-2022
Figure 9: GCC: Perfume Market: Breakup by Price (in %), 2022
Figure 10: GCC: Perfume Market: Breakup by Gender (in %), 2022
Figure 11: GCC: Perfume Market: Breakup by Product (in %), 2022
Figure 12: GCC: Perfume Market: Breakup by Region (in %), 2022
Figure 13: GCC: Perfume Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 14: Perfume Market: Price Structure
Figure 15: GCC: Perfume Industry: SWOT Analysis
Figure 16: GCC: Perfume Industry: Value Chain Analysis
Figure 17: GCC: Perfume Industry: Porter's Five Forces Analysis
Figure 18: GCC: Perfume (Premium) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 19: GCC: Perfume (Premium) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 20: GCC: Perfume (Mass) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 21: GCC: Perfume (Mass) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 22: GCC: Perfume (Male) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 23: GCC: Perfume (Male) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 24: GCC: Perfume (Female) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 25: GCC: Perfume (Female) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 26: GCC: Perfume (Unisex) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 27: GCC: Perfume (Unisex) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 28: GCC: Perfume (Arabic) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 29: GCC: Perfume (Arabic) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 30: GCC: Perfume (French) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 31: GCC: Perfume (French) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 32: GCC: Perfume (Others) Market: Sales Value (in Billion US$), 2017 & 2022
Figure 33: GCC: Perfume (Others) Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 34: Saudi Arabia: Perfume Market: Sales Value (in Billion US$), 2017-2022
Figure 35: Saudi Arabia: Perfume Market: Breakup by Price (in %), 2022
Figure 36: Saudi Arabia: Perfume Market: Breakup by Gender (in %), 2022
Figure 37: Saudi Arabia: Perfume Market: Breakup by Product (in %), 2022
Figure 38: Saudi Arabia: Perfume Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 39: UAE: Perfume Market: Sales Value (in Billion US$), 2017-2022
Figure 40: UAE: Perfume Market: Breakup by Price (in %), 2022
Figure 41: UAE: Perfume Market: Breakup by Gender (in %), 2022
Figure 42: UAE: Perfume Market: Breakup by Product (in %), 2022
Figure 43: UAE: Perfume Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 44: Kuwait: Perfume Market: Sales Value (in Billion US$), 2017-2022
Figure 45: Kuwait: Perfume Market: Breakup by Price (in %), 2022
Figure 46: Kuwait: Perfume Market: Breakup by Gender (in %), 2022
Figure 47: Kuwait: Perfume Market: Breakup by Product (in %), 2022
Figure 48: Kuwait: Perfume Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 49: Others: Perfume Market: Sales Value (in Billion US$), 2017, 2022 & 2028
Figure 50: Perfume Manufacturing: Detailed Process Flow
Table 1: Global: Perfume Market: Key Industry Highlights, 2022 and 2028
Table 2: GCC: Perfume Market: Key Industry Highlights, 2022 and 2028
Table 3: GCC: Perfume Market Forecast: Breakup by Price (in Billion US$), 2023-2028
Table 4: GCC: Perfume Market Forecast: Breakup by Gender (in Billion US$), 2023-2028
Table 5: GCC: Perfume Market Forecast: Breakup by Product (in Billion US$), 2023-2028
Table 6: GCC: Perfume Market Forecast: Breakup by Region (in Billion US$), 2023-2028
Table 7: Perfume Manufacturing: Raw Material Requirements
Table 8: GCC: Perfume Market: Competitive Structure
Table 9: GCC: Perfume Market: Key Players
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