The Perfume Market in UAE - Forecast to 2023: A $685 Million Opportunity - ResearchAndMarkets.com
Sep. 07, 2018
DUBLIN--(BUSINESS WIRE)--Sep 7, 2018--The "UAE Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The UAE Perfume market was worth US$ 403 Million in 2017. The market is further projected to reach US$ 685 Million by 2023, at a CAGR of more than 9% during 2017-2023.
The willingness of women and men for using a perfume and enhancing their personality represents one of the crucial factors which is fostering the UAE perfume market. Moreover, Beautyworld, an international trade fair for cosmetics and perfumery which takes place every year in the UAE, is further presenting tremendous opportunities for the growth of the market.
In recent years, the UAE has witnessed a strong growth in the number of international perfume houses setting up their bases in the country. They are increasingly serving their products to the local population by incorporating traditional oriental notes in their fragrances and introducing contemporary fragrances.
Consumers living in the region currently prefer natural perfumes having a rich and warm oriental fragrance, preferably used in their natural forms. Ingredients such as amber, oud, musk, exotic flowers, etc. are quite popular in the region.
Some of the other factors which are facilitating the growth of the UAE perfume market include rising penetration of ecommerce and social media, rising disposable incomes, and growing awareness about personal grooming.
On the basis of price, the UAE perfume market is segmented as premium products and mass products. Presently, premium products exhibit a clear dominance in the market. While mass products are inexpensive and widely available, premium products are predominantly associated with self-esteem.
Based on the gender, the market has been classified as male, female and unisex. Unisex perfumes currently represent the largest segment as these can be used by both male and female users.
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
5 GCC Perfume Market
6 UAE Perfume Market
7 Market Breakup by Price
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/mkbv3d/the_perfume?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180907005400/en/
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KEYWORD: UNITED ARAB EMIRATES MIDDLE EAST
INDUSTRY KEYWORD: RETAIL COSMETICS
SOURCE: Research and Markets
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PUB: 09/07/2018 01:01 PM/DISC: 09/07/2018 01:01 PM