UAE Perfume Market to Expand at a CAGR of 11.1% Over 2022-2027 - IMARC Group

According to IMARC Group latest published report, titled "UAE Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," that the UAE perfume market reached a value of US$ 579.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,039.8 Million by 2027, exhibiting a CAGR of 11.1% during 2022-2027.

Covid-19 Scenario:

Note: We are regularly tracking the impact of COVID-19 on the UAE perfume market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Perfumes are made up of fragrances or essential oils, which provide a pleasant smell to the individual. The common natural ingredients utilized in the production of perfumes include spices, woods, roots, balsams, gums, flowers, grasses, fruits, resins, leaves, and animal secretions. The UAE represents one of the major exporters and producers of perfumes worldwide, owing to the rising demand for exotic and fine fragrances. Presently, the production of perfumes has evolved into a mainstream business in the personal care and cosmetics industry.

Competitive Landscape:

The market is highly fragmented in nature with the presence of small, mid-size and large palyers in the country. The report analyzes some of the major players operating in the industry.

UAE Perfume Market Trends and Drivers:

The growing trend of personal grooming, along with the rising popularity of youth-oriented and exotic fragrances, is primarily driving the market for perfume market in UAE. Furthermore, escalating demand for luxury fragrances due to the inflating income consumer income levels and elevating living standards is further bolstering the sales of perfumes.

Moreover, key market players in the region are introducing rich and warm oriental fragrances with natural ingredients, such as oud, musk, amber and exotic flowers to expand their consumer base. Various other factors, including easy product availability on e-commerce platforms, aggressive promotional activities on social media, and growing working women population in the UAE, are anticipated to further drive the UAE perfume market in the coming years.

For more information about this report visit: https://www.imarcgroup.com/uae-perfume-market

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.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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