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Market Research Report
Product code
1007114
Saudi Arabia Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 |
Saudi Arabia Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 |
Published: May 20, 2021
IMARC Services Private Limited
Delivery time: 2-3 business days
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The Saudi Arabia perfume market exhibited moderate growth during 2015-2020. Perfumes are used by both women and men, and signify the consumer's personality, style and individuality. They are composed of various sources such as plant (bark, flowers, leaves, fruits, resins, roots, seeds and woods), animal (ambergris, castoreum, civet, hyraceum, honeycomb and musk), natural (lichens and seaweed) and synthetic. Historically, there has been an inclination for exotic ouds and fine perfumes in Saudi Arabia which has attracted numerous international perfume manufacturers to invest in the region. On account of this, Saudi Arabia has established itself as a major hub for the creation of trendsetting perfumes. Looking forward, IMARC Group expects the Saudi Arabia perfume market to grow at a CAGR of 7.3% during 2021-2026.
Saudi Arabia Perfume Market Size Report
Saudi Arabia Perfume Market Drivers
A shift in the preferences of the consumers for natural perfumes over synthetic perfumes has led to the introduction of oud-based perfumes by several western brands. This is further supported by increasing promotional campaigns by the manufacturers.
Technological advancements have helped in the development of devices which assist the consumers in creating personal perfumes by combining several spices, aromas and essential oils. This is expected to bolster the growth of the perfume market in Saudi Arabia in the coming years.
Some of the other factors facilitating the market growth include increasing focus on personal grooming, rising standards of living, growing trend of online retail and increasing penetration of social media.