MEA Fine Fragrances Market - Industry Trends and Forecast to 2030

Description

List of Tables

Middle East and Africa fine fragrances market is expected to reach USD 550,886.36 Thousad by 2030 from USD 411,541.39 Thousand in 2022, growing at a CAGR of 3.9% during the forecast period of 2023 to 2030.

Market Segmentation:

Middle East and Africa Fine Fragrances Market, By Ingredient (Synthetic and Natural), Form (Liquid and Gas), Distribution Channel (Offline and Online), End Use (Unisex, Men, and Women), Country (Saudi Arabia, South Africa, United Arab Emirates, Egypt, Israel, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030.

Overview of Middle East & Africa Fine Fragrances Market Dynamics

Drivers
Rise in demand for natural fragrances
Increase spending on product innovation
Rise in disposable income and increase in urban population
Restraints/Challenges
High costs linked with using natural components
Adherence to quality and regulatory norms
Opportunity
Heavy investments in research and development

Market Players:

Some of the key market players operating in the Middle East and Africa fine fragrances market are listed below:

Firmenich SA
Amouage
Dolce & Gabbana S.r.l.
Avon
M.Sentiment
Gulf Flavours & Fragrances
Bath & Body Works, Inc.
KERING
Takasago International Corporation
Parfex
Hermes
Zohoor Alreef
CHANEL
TAC PERFUMES
LVMH

1 INTRODUCTION 10

1.1 OBJECTIVES OF THE STUDY 10
1.2 MARKET DEFINITION 10
1.3 OVERVIEW 10
1.4 LIMITATIONS 11
1.5 MARKETS COVERED 12

2 MARKET SEGMENTATION 15

2.1 MARKETS COVERED 15
2.2 GEOGRAPHICAL SCOPE 16
2.3 YEARS CONSIDERED FOR THE STUDY 17
2.4 CURRENCY AND PRICING 17
2.5 DBMR TRIPOD DATA VALIDATION MODEL 18
2.6 INGREDIENT LIFELINE CURVE 21
2.7 MULTIVARIATE MODELING 22
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 23
2.9 DBMR MARKET POSITION GRID 24
2.10 DBMR VENDOR SHARE ANALYSIS 26
2.11 SECONDARY SOURCES 27
2.12 ASSUMPTIONS 28

3 EXECUTIVE SUMMARY 29

4 PREMIUM INSIGHTS 31

4.1 PORTER'S FIVE FORCES 32
- 4.1.1 THREAT OF NEW ENTRANTS 32
- 4.1.2 THREAT OF SUBSTITUTE PRODUCTS: 33
- 4.1.3 BARGAINING POWER OF BUYERS/CONSUMERS: 33
- 4.1.4 BARGAINING POWER OF SUPPLIERS: 33
- 4.1.5 INTENSITY OF COMPETITIVE RIVALRY: 33
4.2 PRODUCT ADOPTION SCENARIO 34
- 4.2.1 OVERVIEW 34
- 4.2.2 PRODUCT AWARENESS 35
- 4.2.3 PRODUCT INTEREST 35
- 4.2.4 PRODUCT EVALUATION 35
- 4.2.5 PRODUCT TRIAL 35
- 4.2.6 PRODUCT ADOPTION 35
- 4.2.7 CONCLUSION 35
4.3 BRAND COMPETITIVE ANALYSIS 36
4.4 CONSUMER BUYING BEHAVIOUR 38
- 4.4.1 ECONOMIC FACTORS: 38
- 4.4.2 SOCIAL AND CULTURAL FACTORS: 38
- 4.4.3 LIFESTYLE AND DEMOGRAPHICS: 38
- 4.4.4 TECHNOLOGICAL ADVANCEMENTS: 38
- 4.4.5 ENVIRONMENTAL AND ETHICAL CONCERNS: 38
- 4.4.6 MARKETING AND BRANDING: 38
- 4.4.7 COMPETITIVE LANDSCAPE: 39
4.5 IMPACT OF ECONOMIC SLOWDOWN 40
- 4.5.1 IMPACT ON PRICE 40
- 4.5.2 IMPACT ON SUPPLY CHAIN 40
- 4.5.3 IMPACT ON SHIPMENT 40
- 4.5.4 IMPACT ON COMPANY'S STRATEGIC DECISIONS 40
4.6 SUPPLY CHAIN ANALYSIS 42
- 4.6.1 OVERVIEW 42
- 4.6.2 LOGISTIC COST SCENARIO 42
- 4.6.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 43

5 REGULATION COVERAGE 44

6 MARKET OVERVIEW 49

6.1 DRIVERS 51
- 6.1.1 RISE IN DEMAND FOR NATURAL FRAGRANCES 51
- 6.1.2 INCREASE SPENDING ON PRODUCT INNOVATION 52
- 6.1.3 RISE IN DISPOSABLE INCOME AND INCREASE IN URBAN POPULATION 52
- 6.1.4 SURGING ROLE OF FRAGRANCES FOR GIFT-GIVING PURPOSES 53
6.2 RESTRAINTS 54
- 6.2.1 FLUCTUATION OF RAW MATERIAL PRICES 54
- 6.2.2 HIGH COSTS LINKED WITH USING NATURAL COMPONENTS 54
6.3 OPPORTUNITIES 55
- 6.3.1 HEAVY INVESTMENTS IN RESEARCH AND DEVELOPMENT 55
- 6.3.2 RISING SPENDING ON DIGITALIZATION 56
6.4 CHALLENGES 57
- 6.4.1 ADHERENCE TO QUALITY AND REGULATORY NORMS 57
- 6.4.2 GROWING APPREHENSIONS SURROUNDING THE UTILIZATION OF HARMFUL SUBSTANCES 57

7 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET BY GEOGRAPHY 59

7.1 MIDDLE EAST & AFRICA 59

8 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: COMPANY LANDSCAPE 60

8.1 COMPANY SHARE ANALYSIS: MIDDLE EAST & AFRICA 60
8.2 RECOGNITION 61
8.3 NEW LAUNCH 61
8.4 NEW PRODUCT DEVELOPMENT 62

9 SWOT ANALYSIS 63

10 COMPANY PROFILE 64

10.1 FIRMENICH SA. 64
- 10.1.1 COMPANY SNAPSHOT 64
- 10.1.2 COMPANY SHARE ANALYSIS 64
- 10.1.3 PRODUCT PORTFOLIO 65
- 10.1.4 RECENT DEVELOPMENTS 65
10.2 LVMH 67
- 10.2.1 COMPANY SNAPSHOT 67
- 10.2.2 REVENUE ANALYSIS 67
- 10.2.3 COMPANY SHARE ANALYSIS 68
- 10.2.4 PRODUCT PORTFOLIO 68
- 10.2.5 RECENT DEVELOPMENT 69
10.3 CHANEL 70
- 10.3.1 COMPANY SNAPSHOT 70
- 10.3.2 REVENUE ANALYSIS 70
- 10.3.3 COMPANY SHARE ANALYSIS 71
- 10.3.4 PRODUCT PORTFOLIO 71
- 10.3.5 RECENT DEVELOPMENTS 72
10.4 BATH & BODY WORKS, INC. 73
- 10.4.1 COMPANY SNAPSHOT 73
- 10.4.2 REVENUE ANALYSIS 73
- 10.4.3 COMPANY SHARE ANALYSIS 74
- 10.4.4 PRODUCT PORTFOLIO 74
- 10.4.5 RECENT DEVELOPMENT 75
10.5 KERING 77
- 10.5.1 COMPANY SNAPSHOT 77
- 10.5.2 REVENUE ANALYSIS 78
- 10.5.3 COMPANY SHARE ANALYSIS 78
- 10.5.4 PRODUCT PORTFOLIO 79
- 10.5.5 RECENT DEVELOPMENT 81
10.6 AMOUAGE 82
- 10.6.1 COMPANY SNAPSHOT 82
- 10.6.2 PRODUCT PORTFOLIO 82
- 10.6.3 RECENT DEVELOPMENT 83
10.7 AVON 84
- 10.7.1 COMPANY SNAPSHOT 84
- 10.7.2 PRODUCT PORTFOLIO 84
- 10.7.3 RECENT DEVELOPMENT 84
10.8 DOLCE & GABBANA S.R.L 85
- 10.8.1 COMPANY SNAPSHOT 85
- 10.8.2 PRODUCT PORTFOLIO 85
- 10.8.3 RECENT DEVELOPMENT 86
10.9 GULF FLAVOURS & FRAGRANCES 87
- 10.9.1 COMPANY SNAPSHOT 87
- 10.9.2 PRODUCT PORTFOLIO 87
- 10.9.3 RECENT DEVELOPMENTS 88
10.10 HERMES 89
- 10.10.1 COMPANY SNAPSHOT 89
- 10.10.2 REVENUE ANALYSIS 89
- 10.10.3 PRODUCT PORTFOLIO 90
- 10.10.4 RECENT DEVELOPMENT 92
10.11 M. SENTIMENT 93
- 10.11.1 COMPANY SNAPSHOT 93
- 10.11.2 PRODUCT PORTFOLIO 93
- 10.11.3 RECENT DEVELOPMENT 93
10.12 PARFEX 94
- 10.12.1 COMPANY SNAPSHOT 94
- 10.12.2 PRODUCT PORTFOLIO 94
- 10.12.3 RECENT DEVELOPMENTS 94
10.13 TAC PERFUMES 96
- 10.13.1 COMPANY SNAPSHOT 96
- 10.13.2 PRODUCT PORTFOLIO 96
- 10.13.3 RECENT DEVELOPMENT 97
10.14 ZOHOOR ALREEF 98
- 10.14.1 COMPANY SNAPSHOT 98
- 10.14.2 PRODUCT PORTFOLIO 98
- 10.14.3 RECENT DEVELOPMENTS 99
10.15 TAKASAGO INTERNATIONAL CORPORATION 100
- 10.15.1 COMPANY SNAPSHOT 100
- 10.15.2 REVENUE ANALYSIS 100
- 10.15.3 PRODUCT PORTFOLIO 101
- 10.15.4 RECENT DEVELOPMENTS 101

11 QUESTIONNAIRE 102

12 RELATED REPORTS 105

LIST OF TABLES

TABLE 1 REGULATORY FRAMEWORK 44

LIST OF FIGURES

FIGURE 1 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: SEGMENTATION 15
FIGURE 2 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: DATA TRIANGULATION 18
FIGURE 3 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: DROC ANALYSIS 19
FIGURE 4 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: MIDDLE EAST & AFRICA VS REGIONAL MARKET ANALYSIS 20
FIGURE 5 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: COMPANY RESEARCH ANALYSIS 20
FIGURE 6 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: THE TECHNOLOGY LIFE LINE CURVE 21
FIGURE 7 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: MULTIVARIATE MODELLING 22
FIGURE 8 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: INTERVIEW DEMOGRAPHICS 23
FIGURE 9 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: DBMR MARKET POSITION GRID 24
FIGURE 10 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: VENDOR SHARE ANALYSIS 26
FIGURE 11 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: SEGMENTATION 30
FIGURE 12 A RISE IN DISPOSABLE INCOME AND AN INCREASE IN URBAN POPULATION ARE EXPECTED TO DRIVE THE GROWTH OF THE MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET IN THE FORECAST PERIOD 31
FIGURE 13 THE SYNTHETIC SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST MARKET SHARE OF THE MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET IN 2023 AND 2030 31
FIGURE 14 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: PRODUCT ADOPTION SCENARIO 34
FIGURE 15 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET 50
FIGURE 16 MIDDLE EAST AND AFRICA FINE FRAGRANCES MARKET: SNAPSHOTS (2022) 59
FIGURE 17 MIDDLE EAST & AFRICA FINE FRAGRANCES MARKET: COMPANY SHARE 2022 (%) 60