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Kuwait Perfume Market: By Product: Premium Product, Mass Product; By Gender: Male, Female, Unisex; By Perfume Type: Arabic, French, Others; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Manufacturing Process; Price Analysis; Competitive Landscape; Industry Events and Developments

Kuwait Perfume Market Outlook

The Kuwait perfume market attained a value of USD 123.8 million in 2019. The market is projected to grow at an estimated CAGR of 9.6% during the forecast period of 2020-2025 and is expected to reach USD 214.8 million by 2025.

Based on the product type, the premium products dominated the Kuwait perfume market in 2019. 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 2019, 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.

 

Properties and Applications

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.

The industry can be broadly segmented on the basis of products into:

  • Premium Product
  • Mass Product

Based on the gender, the Kuwait perfume market is divided into:

  • Male
  • Female
  • Unisex

The major perfume types in the Kuwait perfume market are:

  • Arabic
  • French
  • Others

 

Market Analysis

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8     GCC Perfume Market Overview

    8.1    Key Industry Highlights
    8.2    GCC Perfume Market Historical Market (2015-2019)
    8.3    GCC Perfume Market Forecast (2020-2025)
    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 (2015-2019)
    9.3    Kuwait Perfume Market Forecast (2020-2025)
    9.4    Kuwait Perfume Market by Product
        9.4.1    Premium Product
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Mass Product
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
    9.5    Kuwait Perfume Market by Gender
        9.5.1    Male
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Female
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
        9.5.3    Unisex
            9.5.3.1    Market Share
            9.5.3.2    Historical Trend (2015-2019)
            9.5.3.3    Forecast Trend (2020-2025)
    9.6    Kuwait Perfume Market by Perfume Type
        9.6.1    Arabic
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    French
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s 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    Key Players’ Market Share
    14.3    Company Profiles
        14.3.1    Company Overview
        14.3.2    Product Portfolio
        14.3.3    Demographic Reach and Achievements
        14.3.4    Financial Summary
        14.3.5    Certifications
15    Industry Events and Developments

 

List of Figures and Tables

1.    GCC Perfume Market: Key Industry Highlights, 2015 and 2025
2.    GCC Perfume Historical Market: Breakup by Product (USD Million), 2015-2019
3.    GCC Perfume Market Forecast: Breakup by Product (USD Million), 2020-2025
4.    GCC Perfume Historical Market: Breakup by Gender (USD Million), 2015-2019
5.    GCC Perfume Market Forecast: Breakup by Gender (USD Million), 2020-2025
6.    GCC Perfume Historical Market: Breakup by Perfume Type (USD Million), 2015-2019
7.    GCC Perfume Market Forecast: Breakup by Perfume Type (USD Million), 2020-2025
8.    GCC Perfume Historical Market: Breakup by Country (USD Million), 2015-2019
9.    GCC Perfume Market Forecast: Breakup by Country (USD Million), 2020-2025
10.    Kuwait Perfume Market: Key Industry Highlights, 2015 and 2025
11.    Kuwait Perfume Historical Market: Breakup by Product (USD Million), 2015-2019
12.    Kuwait Perfume Market Forecast: Breakup by Product (USD Million), 2020-2025
13.    Kuwait Perfume Historical Market: Breakup by Gender (USD Million), 2015-2019
14.    Kuwait Perfume Market Forecast: Breakup by Gender (USD Million), 2020-2025
15.    Kuwait Perfume Historical Market: Breakup by Perfume Type (USD Million), 2015-2019
16.    Kuwait Perfume Market Forecast: Breakup by Perfume Type (USD Million), 2020-2025
17.    Kuwait Perfume Market Structure

Key Questions Answered in the Report

The Kuwait perfume market reached a value of USD 123.8 million in 2019.

The market is projected to grow at a CAGR of nearly 9.6% in the forecast period of 2020-2025.

The market is estimated to reach a value of about USD 214.8 million by 2025.

The major drivers of the industry include rising disposable incomes, increasing population, increasing number of malls and tourists, rising personal grooming market, and the rising penetration of the internet.

The increasing capital investments in research and development activities is expected to be a key trend guiding the growth of the industry.

Premium product is the dominant product in the industry.

The male segment accounts for the largest market share among other gender segments in the market.

The Arabic perfumes account for the largest market share, among other perfume types in the industry.

Analyst Review

The Kuwait perfume market attained a value of USD 123.8 million in 2019 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 2020-2025, growing at a CAGR of 9.6%. The industry is projected to reach USD 214.8 million by 2025.

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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