Saudi Arabia Perfume Market Analysis By Top Key Players Arabian Oud and Abdul Samad Al Qurashi

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Saudi Arabia Perfume Market Stimulated by Demand
for Unisex Fragrances
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Report Description and Highlights
Report Description
Saudi Arabia Perfume Market Stimulated by Demand
for Unisex Fragrances The Saudi Arabia perfume
market has experienced a positive growth over the
past several years. This can be accredited to the
rising disposable incomes along with the shift
towards personal grooming and adoption of western
blends of fragrances. IMARC Groups latest
report, entitled Saudi Arabia Perfume Market
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023, finds that the Saudi
Arabia perfume market reached a value of US 1.6
Billion in 2017. Perfumes form an integral part
of the Saudi Arabias tradition and cultural
heritage due to which the consumers are very
selective in choosing perfumes and spend a
significant amount of their incomes on these
products. Over the years, Saudi Arabia has
emerged as a major hub for creating innovative
perfumes with a particular focus on exotic ouds
and fine variants. Moreover, as perfumes and
fragrances aid in improving mood and reducing
stress, the emergence of aromachology and use of
fragrances in therapeutic applications are
providing a positive thrust to the market growth.
The market has also gained traction as the
manufacturers are launching exotic and unisex
fragrances in order to diversify their product
portfolio and target the affluent consumers.
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Report Description and Highlights
Report Description
Saudi Arabia Perfume Market Trends In Saudi
Arabia, the consumers prefer to purchase halal
cosmetics as they contain ingredients that are
permitted under the Islamic law. Further, the
increasing employment opportunities coupled with
rising purchasing power of the consumers in Saudi
Arabia is expected to accelerate the personal
grooming trend and, in turn, the growth of the
perfume market. On account of increasing travel
and tourism activities, and western influences,
the consumers are now adopting blends of oriental
and French fragrances. Moreover, numerous perfume
manufacturers are focusing on fragrances which
are unisex in nature like oud, sandalwood, amber,
musk and rose. Other factors such as the
emergence of commercial television and internet
as major advertising platforms, innovative
marketing strategies, urbanization, and
proliferation of shopping centers have led to a
shift in the consumer preferences for luxury
goods in the region. Looking forward, the market
is projected to reach a value of US 2.5 Billion
by 2023, expanding at a CAGR of 7.8 during
2018-2023. Read more here https//www.imarcgrou
p.com/saudi-arabia-perfume-market
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Report Description and Highlights
Report Description

• Saudi Arabia Perfume Market Summary
• Based on price, the market has been segmented as
  premium and mass products. Amongst these, premium
  products dominate the market, accounting for the
  majority of the total share.
• On the basis of gender, unisex perfumes hold the
  largest share, representing the leading segment.
  Unisex perfumes are followed by female and male
  perfumes.
• Based on products, the market has been segregated
  into Arabic, French and other perfumes.
  Currently, Arabic perfumes are the most popular
  product type as there is a huge demand for
  traditional fragrances, such as bukhur, amber,
  oud and rose.
• The competitive landscape of the market has also
  been examined with some of the key players being
  Arabian Oud and Abdul Samad Al Qurashi.
• Want more information about this market? Request
  a free report sample
• https//www.imarcgroup.com/request?typereportid
  1015flagB

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Report Description and Highlights
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Report Description and Highlights
Report Description

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