Market Research Report
UAE Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024
|Published by||IMARC Services Private Limited||Product code||692993|
|Published||Content info||76 Pages
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|UAE Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024|
|Published: June 10, 2019||Content info: 76 Pages||
The UAE Perfume market was worth US$ 440 Million in 2018. The market is further projected to reach US$ 750 Million by 2024, growing at a CAGR of 9.3% during 2018-2024. In the UAE, perfumes were traditionally produced manually and then sold in the local marketplace, The last few decades, however, have witnessed major changes in the industry, with the UAE now establishing itself as a major global player in the perfume industry. The region now represents one of the major producers and exporters of perfume across the globe.
The region has also witnessed an evolution in terms of western brands setting up there bases in the region and developing products that are a blend of both Arabic and Western influence.
UAE Perfume Market Trends
The willingness of women and men for using a perfume and enhancing their personality represents one of the crucial factors which is fostering the UAE perfume market. Moreover, Beautyworld, an international trade fair for cosmetics and perfumery which takes place every year in the UAE, is further presenting tremendous opportunities for the growth of the market.
In recent years, the UAE has witnessed a strong growth in the number of international perfume houses setting up their bases in the country. They are increasingly serving their products to the local population by incorporating traditional oriental notes in their fragrances and introducing contemporary fragrances.
Consumers living in the region currently prefer natural perfumes having a rich and warm oriental fragrance, preferably used in their natural forms. Ingredients such as amber, oud, musk, exotic flowers, etc. are quite popular in the region
Some of the other factors which are facilitating the growth of the UAE perfume market include rising penetration of ecommerce and social media, rising disposable incomes, and growing awareness about personal grooming.