According to IMARC Group’s latest report, “,” the Saudi Arabia perfume market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.59% during 2022-2027. Perfume represents a fragrant liquid which offers a pleasant smell upon application. It is obtained by combining water, alcohol, aroma compounds, essential oils, fixatives, solvents, etc. Some of the common natural ingredients utilized in the production of perfumes include grasses, flowers, spices, roots, balsams, resins, fruits, leaves, woods, gums, animal secretions, etc. Perfumes have widely become an essential part of day-to-day life to make the individual smell and feel good.
COVID-19 Impact Analysis:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Important Attribute and highlights of the Report:
• Detailed analysis of the global market share
• Market Segmentation by component, deployment, enterprises and region.
• Historical, current, and projected size of the market in terms of volume and value
• Latest industry trends and developments
• Competitive Landscape for Market
• Strategies of major players and product offerings
Saudi Arabia Perfume Market Trends and Drivers:
- The emerging trend of personal grooming is primarily driving the Saudi Arabia perfume market. Additionally, the increasing consumer inclination towards exotic ouds and luxury fragrances, on account of the elevating standards of living, is further catalyzing the market growth. In line with this, several regional players are introducing rich and warm oriental fragrances as per the halal regulations and with natural ingredients, such as musk, amber, exotic flowers, etc., to expand their customer base, which, in turn, is acting as another significant growth-inducing factor.
- Moreover, the growing number of aggressive promotional activities on social media platforms and the easy product availability on online retail channels are also positively influencing the market growth across the country. Apart from this, the rising investments in R&D activities aimed at developing devices that aid the consumers in creating their own customized personal fragrances by combining various spices, aromas, essential oils, etc., as per their choice are anticipated to fuel the Saudi Arabia perfume market over the forecasted period.
Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the Saudi Arabia perfume industry has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the Saudi Arabia perfume market on the basis of price, gender and product.
Breakup by Price:
- Premium Products
- Mass Products
Breakup by Gender:
- Male
- Female
- Unisex
Breakup by Product:
- Arabic
- French
- Others
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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