Saudi Arabia Perfume Market 2022-2027- Analysis with Ongoing Trends & Market Revenue
IMARC Group has recently released a new research study titled "Saudi Arabia Perfume Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Report Coverage:
Report Features | Details |
---|---|
Base Year of the Analysis | 2021 |
Historical Period | 2016-2021 |
Forecast Period | 2022-2027 |
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.
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Insights Surrounding the Perfume Market in Saudi Arabia:
Perfume represents a fragrant liquid that is prepared by combining aroma compounds, water, essential oils, alcohol, solvents, and fixatives. It is designed based on various scent families, such as musk, green, floral, woody, oriental, amber, herbaceous, etc. Perfumes have become an essential requirement and are used daily. They aid in enhancing the overall personality of a person by delivering a pleasant fragrance to the human body. Perfumes influence the behavior, perception, mood, emotions, and thoughts of an individual. They are extensively available in hypermarkets, specialty stores, supermarkets, online channels, etc., across the country.
Opportunities in the Perfume Market in KSA:
The elevating product demand, on account of the rising willingness of men and women to improve their essence, is among the primary factors fueling the Saudi Arabia perfume market. Besides this, the growing popularity of authentic elements, including oud, musk, amber, exotic flowers, etc., that have a warm and rich oriental aroma is further propelling the market growth.
Moreover, international perfume houses are putting up their bases in the country and are increasingly serving their products to the local population by introducing contemporary fragrances and incorporating traditional oriental notes, which, in turn, is also catalyzing the market across Saudi Arabia.
Apart from this, the development of devices that assist the consumers in making personal fragrances by combining several aromas, spices, and essential oils is acting as another significant growth-inducing factor. Furthermore, the emerging trend of personal grooming and the escalating need for youth-oriented and exotic scents among the masses are expected to bolster the Saudi Arabia perfume market in the coming years.
Industry Outlook: Saudi Arabia Perfume Market |
Saudi Arabia Perfume Market 2022-2027 Competitive Analysis and Segmentation:
Saudi Arabia Perfume Market Segmentation:
The report has segmented the Saudi Arabia perfume market on the basis of price, gender and product.
Based on Price:
- Premium Products
- Mass Products
Based on Gender:
- Male
- Female
- Unisex
Based on 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.
You Might Also Read:
Perfume Industry in North America 2022-2027: http://bit.ly/3RQTKcX
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