The Kuwait Perfume Market - Outlook to 2023: A $180 Million Opportunity - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “Kuwait Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The Kuwait perfume market was worth US$ 102 Million in 2017. The market is further projected to reach US$ 180 Million by 2023, at a CAGR of 10% during 2017-2023.
Kuwait represents one of the fastest growing perfume markets in the Middle East. As perfumes enhance mood, reduce stress and boost confidence, they form a significant part of the day-to-day lives of Kuwaitis.
Moreover, the strong economic growth in the region and a large young population base have augmented the demand for perfumes in Kuwait.
In addition to this, high disposable incomes of consumers have led to numerous changes in their perspective and buying patterns, which in turn, is strengthening the sales of perfumes in the region.
The rising urban lifestyle and emulation of the Western culture are further prompting consumers to buy luxury goods such as perfumes.
Currently, the personal care industry is witnessing a strong growth on account of wider acceptance and willingness by the consumers to invest on self-grooming products. This is fostering the growth of the Kuwait perfume market.
One of the key trends that has been witnessed in the region is a significant shift towards eco-friendly, alcohol-free and personalised perfumes which can be accredited to the consumer’s negative perspective about synthetic fragrances.
In order to expand their consumer-base, manufacturers are constantly investing in research and development, and coming up with new product launches which are different in terms of packaging, prices and fragrances.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 GCC Perfume Market
6 Kuwait Perfume Market
7 Market Breakup by Premium and Mass Products
8 Market Breakup by Gender
9 Market Breakup by Perfume Type
10 Perfume Manufacturing Process
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/hmjlxh/the_kuwait?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005388/en/
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KEYWORD: KUWAIT MIDDLE EAST
INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 09/07/2018 12:44 PM/DISC: 09/07/2018 12:44 PM