DUBLIN--(BUSINESS WIRE)--The "GCC Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.
The GCC perfume market was worth more than US$ 2.44 Billion in 2018. The market is further projected to reach a value of nearly US$ 3.87 Billion by 2024, at a CAGR of approximately 8.9% during 2019-2024.
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.
Market Breakup by Price:
Premium products currently represent the largest category of perfumes in the GCC region. These products are followed by mass products.
Market Breakup by Gender:
The perfume market in the GCC region has been segmented on the basis of categories which include unisex, female and male. Currently, unisex represents the most popular category.
Market Breakup by Product
Based on the product type, the market has been segregated into Arabic and French perfumes. Arabic perfumes dominate the market, holding the majority of the market share.
Market Breakup by Region
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.
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 are the key product types 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?
Key Topics Covered:
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 Market Breakup by Price
6.4 Market Breakup by Gender
6.5 Market Breakup by Product
6.6 Market Breakup by Region
6.7 Market Forecast
6.8 SWOT Analysis
6.9 Value Chain Analysis
6.9.1 Overview
6.9.2 Research and Development
6.9.3 Raw Material Procurement
6.9.4 Manufacturing
6.9.5 Marketing
6.9.6 Distribution
6.9.7 End-Use
6.10 Porters Five Forces Analysis
6.11 Price Analysis
6.11.1 Key Price Indicators
6.11.2 Price Structure
6.11.3 Margin Analysis
7 Market Breakup by Price
7.1 Premium Products
7.2 Mass Products
8 Market Breakup by Gender
8.1 Male
8.2 Female
8.3 Unisex
9 Market Breakup by Product
9.1 Arabic
9.2 French
9.3 Others
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
10.3 Kuwait
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
For more information about this report visit https://www.researchandmarkets.com/r/wb7n8f
