The GCC Perfume Market 2018: Forecast to Reach $3.7 Billion by 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The “GCC Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023” report has been added to ResearchAndMarkets.com’s offering.
The GCC perfume market was worth more than US$ 2.2 Billion in 2017. The market is further projected to reach a value of nearly US$ 3.7 Billion by 2023, at a CAGR of approximately 8.9% during 2018-2023.
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.
Premium products currently represent the largest category of perfumes in the GCC region. These products are followed by mass products.
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.
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.
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.
Leading PlayersAjmal TFK Rasasi Arabian Oud Abdul samad Al qurashi
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 Global Perfume Market
6 GCC Perfume Market
7 Market Breakup by Price
8 Market Breakup by Gender
9 Market Breakup by Product
10 Market Breakup by Region
11 Perfume Manufacturing Process
12 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/btdcgl/the_gcc_perfume?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005413/en/
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INDUSTRY KEYWORD: RETAIL FASHION
SOURCE: Research and Markets
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PUB: 09/07/2018 01:30 PM/DISC: 09/07/2018 01:30 PM