GCC Perfume and Fragrance Market Introduction and Overview
According to SPER Market Research, the GCC Perfume and Fragrance Market is estimated to reach USD 4.31 billion by 2033 with a CAGR of 3.81%.
The report includes an in-depth analysis of the GCC Perfume and Fragrance Market, including market size and trends, product mix, Applications, and supplier analysis. Perfume is a fragrant liquid made from a combination of essential oils, aroma compounds, and solvent. It is designed to give out a pleasant and distinct aroma while also appealing to personal preferences and cultural sensibilities. It is widely accessible in a variety of flavors, including floral, woody, oriental, and citrus, each delivering a distinct olfactory experience to individuals. It is an essential product that enhances people's personal aroma.
- The seven-decade-old perfume expert Ajmal launched a new store in Al Safa, Dubai, in November 2022 in response to the growing demand for the brand's characteristic scent. The Al Safa store offers a wide variety of home fragrance goods and classic oriental and western scents.
- The British perfume company Roja Parfums debuted their latest scent, Apex, at Oman's Al Bustan Palace in May 2022. The brand created a unique scent for males that was motivated by a strong bond with the natural world.
Market Opportunities and Challenges
Opportunities: The Gulf Cooperation Council region has a strong interest and a long history of fragrances and premium perfumery that combines tradition, research, and originality. The area boasts a variety of smells, including fruity and flowery aromas. Along with this, people in the region believe that such fresh fragrances aid to boost and change the mood. Furthermore, perfumes are an important component of Middle Eastern traditions and culture. Furthermore, the growing popularity of lighter-scented products, particularly among millennials, as well as low-cost body splashes and mists, are predicted to enhance fragrance and perfume sales in the Middle East. Over time, Arabian customers' disposable money has increased, making premium scents and perfumes more affordable. This has prompted manufacturers to release more inventive and superb fragrances by combining eastern odors lost in time with European hallmarks.
Challenges:
Counterfeit Products - The GCC perfume market is confronted with the problem of a rush of fake goods. Fake fragrances damage real brands' reputations in addition to reducing their sales. The market's expansion is severely hampered by this problem.
Strict Laws - The import and sale of perfumes are subject to stringent laws in the GCC nations. For market participants, adhering to these rules—which include requirements for product testing and labeling—can be expensive and time-consuming.
Market Competitive Landscape
The Gulf Cooperation Council Fragrance & Perfumes Market is extremely competitive, with major competitors including LVMH, Kering Holland NV, Diptyque, Rasasi, Yas Perfumes, and others. With rising global industry regulation, the introduction of new goods, mergers, and acquisitions has increased, which is the key reason for gaining a significant network market share. Manufacturers operate in the region and adhere to regional and worldwide standards, allowing them to stand out in the fragrance sector. Advanced distribution networks and manufacturing experience give manufacturers an advantage in expanding their product offerings globally.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Category, By Product Type, By End-User, By Form, By Distribution Channel |
| Regions covered | Saudi Arabia, Qatar, Kuwait, United Arab Emirates, Bahrain, Oman. |
| Companies Covered | LVMH, Kering Holland NV, Eurofragrance, Rasasi, Yas Perfumes, The Fragrance Kitchen, PVH Corp, Ruffs Parfum, Firmenich SA, Al-Haramain. |
COVID-19 Impact on GCC Perfume and Fragrance Market
The COVID-19 pandemic presented issues for the GCC perfume market, as it did for many other industries. The epidemic disrupted the supply chain, resulted in temporary store closures, and lowered consumer spending. However, as the situation improved and limitations were lifted, the market showed indications of revival.
The epidemic caused a shift in consumer tastes, with a stronger emphasis on personal hygiene and wellness. This resulted in a surge in demand for hand sanitizers, antibacterial soaps, and fragrances with antimicrobial qualities. Perfume companies responded by producing goods that addressed changing consumer needs.
Key Target Audience:
- High-Income Consumers and Luxury Shoppers
- Young Adults and Millennials
- Tourists and Duty-Free Shoppers
- Fashion and Beauty Enthusiasts
- E-Commerce Shoppers
- Specialty and Luxury Retail Stores
- Gifting and Occasional Shoppers
Our in-depth analysis of the GCC Perfume and Fragrance Market includes the following segments:
| By Category: | Mass Premium |
| By Product Type: | Eau de Perfume Eau de Toilette Eau de Colonge Others |
| By End-User: | Women Men |
| By Form: | Natural Synthetic |
| By Distribution Channel: | Supermarkets & Hyprermarkets Speciality Stores Online Retail Others |
Key Topics Covered in the Report:
- GCC Perfume and Fragrance Market Size (FY’2024-FY’2033)
- Overview of GCC Perfume and Fragrance Market
- Segmentation of GCC Perfume and Fragrance Market By Category (Mass and Premium)
- Segmentation of GCC Perfume and Fragrance Market By Product Type (Eau de Perfume, Eau de Toilette, Eau de Cologne, and Other)
- Segmentation of GCC Perfume and Fragrance Market By End-User (Women and Men)
- Segmentation of GCC Perfume and Fragrance Market By Form (Natural and Synthetic)
- Segmentation of GCC Perfume and Fragrance Market By Distribution Channel (Supermarkets & Hypermarkets, Speciality Stores, Online Retail, and Others)
- Statistical Snap of GCC Perfume and Fragrance Market
- Expansion Analysis of GCC Perfume and Fragrance Market
- Problems and Obstacles in GCC Perfume and Fragrance Market
- Competitive Landscape in the GCC Perfume and Fragrance Market
- Impact of COVID-19 and Demonetization on GCC Perfume and Fragrance Market
- Details on Current Investment in GCC Perfume and Fragrance Market
- Competitive Analysis of GCC Perfume and Fragrance Market
- Prominent Players in the GCC Perfume and Fragrance Market
- SWOT Analysis of GCC Perfume and Fragrance Market
- GCC Perfume and Fragrance Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the GCC Perfume and Fragrance Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. GCC Perfume and Fragrance Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in GCC Perfume and Fragrance Market
7. GCC Perfume and Fragrance Market, By Category (USD Million) 2020-2033
7.1. GCC Perfume and Fragrance Market Size, Share and Forecast, By Category, 2020-2026
7.2. GCC Perfume and Fragrance Market Size, Share and Forecast, By Category, 2027-2033
7.3. Mass
7.4. Premium
8. GCC Perfume and Fragrance Market, By Product Type (USD Million) 2020-2033
8.1. GCC Perfume and Fragrance Market Size, Share and Forecast, By Product Type, 2020-2026
8.2. GCC Perfume and Fragrance Market Size, Share and Forecast, By Product Type, 2027-2033
8.3. Eau de Perfume
8.4. Eau de Toilette
8.5. Eau de Colonge
8.6. Others
9. GCC Perfume and Fragrance Market, By End-User (USD Million) 2020-2033
9.1. GCC Perfume and Fragrance Market Size, Share and Forecast, By End-User, 2020-2026
9.2. GCC Perfume and Fragrance Market Size, Share and Forecast, By End-User, 2027-2033
9.3. Women
9.4. Men
10. GCC Perfume and Fragrance Market, By Form (USD Million) 2020-2033
10.1. GCC Perfume and Fragrance Market Size, Share and Forecast, By Form, 2020-2026
10.2. GCC Perfume and Fragrance Market Size, Share and Forecast, By Form, 2027-2033
10.3. Natural
10.4. Synthetic
11. GCC Perfume and Fragrance Market, By Distribution Channel (USD Million) 2020-2033
11.1. GCC Perfume and Fragrance Market Size, Share and Forecast, By Distribution Channel, 2020-2026
11.2. GCC Perfume and Fragrance Market Size, Share and Forecast, By Distribution Channel, 2027-2033
11.3. Supermarkets & Hyprermarkets
11.4. Speciality Stores
11.5. Online Retail
11.6. Others
12. GCC Perfume and Fragrance Market Forecast, 2020-2033 (USD Million)
12.1. GCC Perfume and Fragrance Market Size and Market Share
13. GCC Perfume and Fragrance Market, By Region, 2020-2033 (USD Million)
13.1. GCC Perfume and Fragrance Market Size and Market Share By Region (2020-2026)
13.2. GCC Perfume and Fragrance Market Size and Market Share By Region (2027-2033)
13.3. Saudi Arabia
13.4. Qatar
13.5. Kuwait
13.6. United Arab Emirates
13.7. Bahrain
13.8. Oman
14. Company Profile
14.1. LVMH
14.1.1. Company details
14.1.2. Financial outlook
14.1.3. Product summary
14.1.4. Recent developments
14.2. Kering Holland NV
14.2.1. Company details
14.2.2. Financial outlook
14.2.3. Product summary
14.2.4. Recent developments
14.3. Eurofragrance
14.3.1. Company details
14.3.2. Financial outlook
14.3.3. Product summary
14.3.4. Recent developments
14.4. Rasasi
14.4.1. Company details
14.4.2. Financial outlook
14.4.3. Product summary
14.4.4. Recent developments
14.5. Yas Perfumes
14.5.1. Company details
14.5.2. Financial outlook
14.5.3. Product summary
14.5.4. Recent developments
14.6. The Fragrance Kitchen
14.6.1. Company details
14.6.2. Financial outlook
14.6.3. Product summary
14.6.4. Recent developments
14.7. PVH Corp
14.7.1. Company details
14.7.2. Financial outlook
14.7.3. Product summary
14.7.4. Recent developments
14.8. Ruffs Parfum
14.8.1. Company details
14.8.2. Financial outlook
14.8.3. Product summary
14.8.4. Recent developments
14.9. Firmenich SA
14.9.1. Company details
14.9.2. Financial outlook
14.9.3. Product summary
14.9.4. Recent developments
14.10. Al-Haramain
14.10.1. Company details
14.10.2. Financial outlook
14.10.3. Product summary
14.10.4. Recent developments
14.11. Others
15. Conclusion
16. List of Abbreviations
17. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
