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The Middle East fragrances market size is forecast to increase by USD 891.4 million at a CAGR of 4.8% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is characterized by the use of aromatic compounds to create floral effects and long-lasting parfums and extracts. These high-concentration fragrances are often expensive, heavier, and oily, making them desirable for consumers seeking a luxurious experience. companies sell their products through various channels, with offline distribution accounting for a significant portion of revenue. This includes sales through specialty stores, hypermarkets, supermarkets, convenience stores, clubhouse stores, and department stores. Despite the declining revenue trend in offline distribution due to the rise of online shopping, companies continue to expand their presence in local and regional markets to increase sales.
For instance, Anfas, WIDIAN, and The Fragrance Kitchen have a strong retail presence in the Middle East, while Kayali Fragrance is sold through Sephora stores. The competition in the market is intense, with companies selling their products through various retail formats to reach a wider audience. The focus on providing unique fragrance experiences and long-lasting effects continues to drive demand for fragrances in the offline distribution channel.
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The offline segment was valued at USD 2.25 billion in 2018 and showed a gradual increase during the forecast period.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Replenishing personal grooming is the key driver of the market.
Expansion of the e-commerce industry is the upcoming trend in the market.
Side effects of fragrance ingredients is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The art of perfumery, an ancient practice with biblical references, revolves around the creation and use of fragrant products. These odoriferous substances are derived from various sources, including natural plant and animal origin and synthetic materials. Raw materials for fragrances encompass essential oils, extracted through methods like steam distillation, solvent extraction, and expression. Natural products, such as citrus oils, are commonly obtained using cold-pressing or expression methods. Fixatives are added to the fragrance to help prolong the scent. Volatile ingredients, such as essential oils and synthetic compounds, are the key components of fragrances. These ingredients evaporate easily and give fragrances their distinctive scents. Waxes and concretes, which are non-volatile, are used to enhance the texture and consistency of fragrances. Other natural sources include waxes, concretes, and absolutes, which are derived from plant materials through processes like enfleurage and maceration.
Furthermore, synthetic materials, on the other hand, are created in laboratories using various compounds and chemicals. These compounds mimic the aromas of natural fragrances, providing a more consistent and cost-effective alternative. Fragrant products can be categorized based on their concentration and formulation. Parfum, or pure perfume, is the most concentrated and expensive form, followed by extrait, which is a highly concentrated version of perfume. Eau de parfum, parfum de toilet, and eau de cologne are lighter, more diluted versions. Volatile ingredients, such as citrus oils and aromatic compounds, are used to create floral effects and enhance the overall fragrance experience.
Market Scope |
|
Report Coverage |
Details |
Page number |
116 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.8% |
Market Growth 2024-2028 |
USD 891.4 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.4 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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