Perfume refers to a fragrant liquid that is prepared by combining aroma compounds, essential oils, water, alcohol, solvents, fixatives, etc. It is formulated on the basis of various scent families, such as oriental, floral, amber, green, musk, woody, herbaceous, etc.
In recent years, perfumes have gained traction in the GCC region as they enhance the overall personality of an individual by offering a pleasant scent to the body.
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GCC Perfume Industry Trends and Drivers:
Inflating disposable incomes and rising living standards of consumers represent some of the primary factors catalyzing the GCC perfume market. The availability of premium categories of different fragrances and perfumes is also propelling the demand for good-quality perfumes.
Furthermore, the introduction of perfumes and fragrances produced according to halal regulations is catering to the Islamic population across the region.
Besides this, significant growth in the GCC tourism sector in recent years is leading to a rise in duty-free sales, which is further anticipated to positively influence the regional perfume market over the forecasted period.
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GCC Perfume Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- Type
- End use
- Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape:
The report also provides insights on the competitive landscape of the GCC perfume industry with the leading players profiled in the report.
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