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. Perfume is a fragrant liquid which is prepared by combining water, alcohol, aroma compounds, essential oils, solvents and fixatives. Perfumes are formulated on the basis of different scent families such as green, oriental, musk, floral, woody, amber, herbaceous, etc. As compared to earlier, perfumes have, nowadays, become a necessity and are used on a daily basis. They help in improving the overall personality of a person by offering a pleasant scent to the human body. As a result, perfumes have gained immense traction in the GCC region.
GCC Perfume Market Drivers
- 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.
Market Breakup by Price:
Premium products currently represent the largest category of perfumes in the GCC region. These products are followed by mass products.
Market Breakup by Gender:
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.
Market Breakup by Product
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.
Market Breakup by Region
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.
Competitive Landscape:
The perfume market is fragmented in nature with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Ajmal
- TFK
- Rasasi
- Arabian Oud
- Abdul samad Al qurashi.
This report provides a deep insight into the GCC perfume market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the perfume market in any manner.
Key Questions Answered in This Report:
- How has the GCC perfume market performed so far and how will it perform in the coming years?
- What are the key regional markets in the GCC perfume industry?
- What are the key product types in the GCC perfume industry?
- What has been the performance of the premium segment versus the mass segment?
- What are the various stages in the value chain of the GCC perfume market?
- What are the key driving factors and challenges in the GCC perfume market?
- What is the structure of the GCC perfume market and who are the key players?
- What is the degree of competition in the GCC perfume market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Perfume Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Price
5.4 Market Breakup by Gender
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Region
5.7 Market Forecast
6 GCC Perfume Market
6.1 Market Overview
6.2 Market Performance
6.3 Market Breakup by Price
6.4 Market Breakup by Gender
6.5 Market Breakup by Product
6.6 Market Breakup by Region
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Overview
6.9.2 Research and Development
6.9.3 Raw Material Procurement
6.9.4 Manufacturing
6.9.5 Marketing
6.9.6 Distribution
6.9.7 End-Use
6.10 Porters Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Price Analysis
6.11.1 Price Indicators
6.11.2 Price Structure
6.11.3 Margin Analysis
7 Market Breakup by Price
7.1 Premium Products
7.2 Mass Products
8 Market Breakup by Gender
8.1 Male
8.2 Female
8.3 Unisex
9 Market Breakup by Product
9.1 Arabic
9.2 French
9.3 Others
10 Market Breakup by Region
10.1 Saudi Arabia
10.1.1 Current and Historical Market Performance
10.1.2 Market Breakup by Price
10.1.3 Market Breakup by Gender
10.1.4 Market Breakup by Product
10.1.5 Key Players
10.1.6 Market Forecast
10.2 UAE
10.2.1 Current and Historical Market Performance
10.2.2 Market Breakup by Price
10.2.3 Market Breakup by Gender
10.2.4 Market Breakup by Product
10.2.5 Key Players
10.2.6 Market Forecast
10.3 Kuwait
10.3.1 Current and Historical Market Performance
10.3.2 Market Breakup by Price
10.3.3 Market Breakup by Gender
10.3.4 Market Breakup by Product
10.3.5 Key Players
10.3.6 Market Forecast
10.4 Others
11 Perfume Manufacturing Process
11.1 Product Overview
11.2 Raw Material Requirements
11.3 Manufacturing Process
11.4 Key Success and Risk Factors
12 Competitive Landscape
12.1 Market Structure
12.2 Key Players
12.3 Profiles of Key Players
List of Figures
Figure 1: Global: Perfume Market: Major Drivers and Challenges
Figure 2: Global: Perfume Market: Sales Value (in Billion US$), 2010-2017
Figure 3: Global: Perfume Market: Breakup by Price (in %), 2017
Figure 4: Global: Perfume Market: Breakup by Gender (in %), 2017
Figure 5: Global: Perfume Market: Breakup by Distribution Channel (in %), 2017
Figure 6: Global: Perfume Market: Breakup by Region (in %), 2017
Figure 7: Global: Perfume Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 8: GCC: Perfume Market: Sales Value (in Billion US$), 2010-2017
Figure 9: GCC: Perfume Market: Breakup by Price (in %), 2017
Figure 10: GCC: Perfume Market: Breakup by Gender (in %), 2017
Figure 11: GCC: Perfume Market: Breakup by Product (in %), 2017
Figure 12: GCC: Perfume Market: Breakup by Region (in %), 2017
Figure 13: GCC: Perfume Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 14: GCC: Perfume Industry: SWOT Analysis
Figure 15: GCC: Perfume Industry: Value Chain Analysis
Figure 16: GCC: Perfume Industry: Porter’s Five Forces Analysis
Figure 17: GCC: Perfume (Premium) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 18: GCC: Perfume (Mass) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 19: GCC: Perfume (Male) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 20: GCC: Perfume (Female) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 21: GCC: Perfume (Unisex) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 22: GCC: Perfume (Arabic) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 23: GCC: Perfume (French) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 24: GCC: Perfume (Others) Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 25: Saudi Arabia: Perfume Market: Sales Value (in Billion US$), 2010 - 2017
Figure 26: Saudi Arabia: Perfume Market: Breakup by Price (in %), 2017
Figure 27: Saudi Arabia: Perfume Market: Breakup by Gender (in %), 2017
Figure 28: Saudi Arabia: Perfume Market: Breakup by Product (in %), 2017
Figure 29: Saudi Arabia: Perfume Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 30: UAE: Perfume Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 31: UAE: Perfume Market: Breakup by Price (in %), 2017
Figure 32: UAE: Perfume Market: Breakup by Gender (in %), 2017
Figure 33: UAE: Perfume Market: Breakup by Product (in %), 2017
Figure 34: UAE: Perfume Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 35: Kuwait: Perfume Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 36: Kuwait: Perfume Market: Breakup by Price (in %), 2017
Figure 37: Kuwait: Perfume Market: Breakup by Gender (in %), 2017
Figure 38: Kuwait: Perfume Market: Breakup by Product (in %), 2017
Figure 39: Kuwait: Perfume Market Forecast: Sales Value (in Billion US$), 2018-2023
Figure 40: Others: Perfume Market: Sales Value (in Billion US$), 2010, 2017 & 2023
Figure 41: Perfume Manufacturing: Process Flow
List of Tables
Table 1: Global: Perfume Market: Key Industry Highlights, 2017 and 2023
Table 2: GCC: Perfume Market: Key Industry Highlights, 2017 and 2023
Table 3: GCC: Perfume Market Forecast: Breakup by Price (in Billion US$), 2018-2023
Table 4: GCC: Perfume Market Forecast: Breakup by Gender (in Billion US$), 2018-2023
Table 5: GCC: Perfume Market Forecast: Breakup by Product (in Billion US$), 2018-2023
Table 6: GCC: Perfume Market Forecast: Breakup by Region (in Billion US$), 2018-2023
Table 7: Perfume: Raw Material Requirements
Table 8: GCC: Perfume Market Structure
Table 9: GCC: Perfume Market: Key Players