Press release
Latest Research Report: Saudi Arabia Perfume Market 2023-2028, Top Companies Analysis, In-Depth Insight, Business Opportunities And Revenue Forecast
IMARC Group has recently released a new research study titled "Saudi Arabia Perfume Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The Saudi Arabia perfume market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.69% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.Perfume represents a fragrant liquid that is prepared by combining aroma compounds, water, essential oils, alcohol, solvents, and fixatives. It is designed based on various scent families, such as musk, green, floral, woody, oriental, amber, herbaceous, etc. Perfumes have become an essential requirement and are used daily. They aid in enhancing the overall personality of a person by delivering a pleasant fragrance to the human body. Perfumes influence the behavior, perception, mood, emotions, and thoughts of an individual. They are extensively available in hypermarkets, specialty stores, supermarkets, online channels, etc., across the country.
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Saudi Arabia Perfume Market Trends:
The elevating product demand, on account of the rising willingness of men and women to improve their essence, is among the primary factors fueling the Saudi Arabia perfume market. Besides this, the growing popularity of authentic elements, including oud, musk, amber, exotic flowers, etc., that have a warm and rich oriental aroma is further propelling the market growth. Moreover, international perfume houses are putting up their bases in the country and are increasingly serving their products to the local population by introducing contemporary fragrances and incorporating traditional oriental notes, which, in turn, is also catalyzing the market across Saudi Arabia.
Apart from this, the development of devices that assist the consumers in making personal fragrances by combining several aromas, spices, and essential oils is acting as another significant growth-inducing factor. Furthermore, the emerging trend of personal grooming and the escalating need for youth-oriented and exotic scents among the masses are expected to bolster the Saudi Arabia perfume market in the coming years.
Key Market Segmentation:
The report has segmented the market into the following categories:
Breakup by Price:
• Premium Products
• Mass Products
Breakup by Gender:
• Male
• Female
• Unisex
Breakup by Product:
• Arabic
• French
• Others
Ask Analyst for 10% free customized report: https://www.imarcgroup.com/request?type=report&id=1015&flag=C
Key Highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• 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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About Us
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.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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