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The Kuwait perfume market attained a value of USD 162.99 million in 2023. The market is projected to grow at an estimated CAGR of 9.6% during the forecast period of 2024-2032 and is expected to reach USD 372.30 million by 2032.
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Based on the product type, the premium products dominated the Kuwait perfume market in 2020. Inflating income levels coupled with high purchasing power, and growing demand for upscale perfume brands, are primarily driving the Kuwait perfume market growth. Arabic perfumes held the majority of the overall market share, as they are the most popular fragrances and represent the local culture. Based on the gender, the male perfumes accounted for the largest market share in 2020, owing to the changing grooming patterns amongst the male demographics. Also, the female segment is likely to exhibit the highest CAGR over the forecast period.
Regional and global perfume manufacturers are expanding their businesses into Kuwait. However, due to the region's limited flora, the raw materials used in different fragrances are imported from Europe.
Kuwait is considered to be the second richest GCC country, and one of the leading markets for cosmetics and personal care products. Perfumes refer to the combination of essential oils and fragrances that provides a pleasant smell. The key ingredients used in the formulation of perfumes include resins, woods, flowers, gums, fruits, leaves, balsams, and grasses, among others. Fragrances have become an integral part of the personal grooming, as it helps in reducing the stress, enhancing the mood, and boosting confidence.
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The industry can be broadly segmented on the basis of products into:
Based on the gender, the Kuwait perfume market is divided into:
The major perfume types in the Kuwait perfume market are:
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Kuwait's perfumes and personal care industry has witnessed substantial growth on account of the higher acceptance among consumers and willingness to invest in grooming products such as fragrances, skincare, and spa treatments. Also, the rising penetration of the internet, coupled with the thriving e-commerce sector, is further enabling the consumers to buy international brands and premium-category perfumes from their workplaces. Moreover, increasing shift towards environment-friendly products has led the perfume manufacturers in Kuwait to make use of natural resources for fragrances. Also, the leading perfume brands in the region are focusing on developing unique and personalised fragrances that are extremely preferred by the Kuwaitis. Innovative packaging formats with designer perfume bottles are also providing a luxury experience to the consumers; thus, are expected to increase the demand for perfumes in the region. Moreover, the increasing capital investments in research and development activities, improving economic scenario of the country, and high per capita income are the factors anticipated to stimulate the industry growth over the forecast period. In addition, the rising number of malls and an increasing number of tourists are expected to create ample opportunities for both the regional and international perfume brands.
The report gives a detailed analysis of the key players in the industry for perfume in Kuwait, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Gender |
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Breakup by Perfume Type |
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Market Dynamics |
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Competitive Landscape |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 GCC
6.2 Kuwait
7 Opportunities and Challenges in the Market
8 GCC Perfume Market Overview
8.1 Key Industry Highlights
8.2 GCC Perfume Market Historical Market (2018-2023)
8.3 GCC Perfume Market Forecast (2024-2032)
8.4 GCC Perfume Market by Premium and Mass Product
8.5 GCC Perfume Market by Gender
8.6 GCC Perfume Market by Perfume Type
8.7 GCC Perfume Market by Country
9 Kuwait Perfume Market Analysis
9.1 Key Industry Highlights
9.2 Kuwait Perfume Historical Market (2018-2023)
9.3 Kuwait Perfume Market Forecast (2024-2032)
9.4 Kuwait Perfume Market by Product
9.4.1 Premium Product
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Mass Product
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.5 Kuwait Perfume Market by Gender
9.5.1 Male
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Female
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.5.3 Unisex
9.5.3.1 Historical Trend (2018-2023)
9.5.3.2 Forecast Trend (2024-2032)
9.6 Kuwait Perfume Market by Perfume Type
9.6.1 Arabic
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 French
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.6.3 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Manufacturing Process
12.1 Detailed Process Flow
12.2 Operations Involved
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Company Overview
14.2.2 Product Portfolio
14.2.3 Demographic Reach and Achievements
14.2.4 Financial Summary
14.2.5 Certifications
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. GCC Perfume Market: Key Industry Highlights, 2018 and 2032
2. GCC Perfume Historical Market: Breakup by Product (USD Million), 2018-2023
3. GCC Perfume Market Forecast: Breakup by Product (USD Million), 2024-2032
4. GCC Perfume Historical Market: Breakup by Gender (USD Million), 2018-2023
5. GCC Perfume Market Forecast: Breakup by Gender (USD Million), 2024-2032
6. GCC Perfume Historical Market: Breakup by Perfume Type (USD Million), 2018-2023
7. GCC Perfume Market Forecast: Breakup by Perfume Type (USD Million), 2024-2032
8. GCC Perfume Historical Market: Breakup by Country (USD Million), 2018-2023
9. GCC Perfume Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Kuwait Perfume Market: Key Industry Highlights, 2018 and 2032
11. Kuwait Perfume Historical Market: Breakup by Product (USD Million), 2018-2023
12. Kuwait Perfume Market Forecast: Breakup by Product (USD Million), 2024-2032
13. Kuwait Perfume Historical Market: Breakup by Gender (USD Million), 2018-2023
14. Kuwait Perfume Market Forecast: Breakup by Gender (USD Million), 2024-2032
15. Kuwait Perfume Historical Market: Breakup by Perfume Type (USD Million), 2018-2023
16. Kuwait Perfume Market Forecast: Breakup by Perfume Type (USD Million), 2024-2032
17. Kuwait Perfume Market Structure
The market reached a value of USD 162.99 million in 2023.
The market is expected to grow at a CAGR of 9.6% between 2024 and 2032.
The market is estimated to observe a healthy growth in the forecast period of 2024-2032 to reach a value of about USD 372.30 million by 2032.
The major drivers of the market include rising disposable incomes, growing population, increasing number of malls and tourists, and the rising penetration of the internet.
The increasing capital investments in research and development activities and growing personal grooming market are expected to be key trends guiding the growth of the market.
Premium product and mass product are the various products in the Kuwait perfume market.
Male, female, and unisex are the various genders in the perfume market in Kuwait.
The different perfume types in the market are Arabic, and French, among others.
The Kuwait perfume market attained a value of USD 162.99 million in 2023 driven by the increasing number of malls and tourists and the growing personal grooming industry. Aided by the rising penetration of the internet, the industry is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 9.6%. The industry is projected to reach USD 372.30 million by 2032.
EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its products, the Kuwait perfume market can be segmented into premium and mass product, with premium products accounting for the largest market share. By gender, the male segment leads the industry. On the basis of perfume type, the Arabic sector accounts for the largest share in the industry.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
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