GCC Fine Fragrances Market, By Ingredient (Synthetic and Natural), Form (Liquid and Gas), Application (Spray Perfumes, Deodorants, Home Care, Personal Care, and Others), Distribution Channel (Online and Offline), End Use (Men, Women, and Unisex) - Industry Trends and Forecast to 2030.
GCC Fine Fragrances Market Analysis and Insights
GCC fine fragrances market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.1% from 2023 to 2030 and is expected to reach USD 531,047.82 thousand by 2030. The growth of the GCC fine fragrances market is the increasing demand for natural fragrances.
GCC fine fragrances market report provides details of market share, new developments, and the impact of domestic and localized market players, analysis opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015 - 2020) |
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Quantitative Units |
Revenue in USD Thousand |
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Segments Covered |
Ingredient (Synthetic and Natural), Form (Liquid and Gas), Application (Spray Perfumes, Deodorants, Home Care, Personal Care, and Others), Distribution Channel (Online and Offline), End Use (Men, Women, and Unisex) |
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Countries Covered |
Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates |
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Market Players Covered |
Takasago International Corporation, Gulf Flavours & Fragrances, TAC PERFUMES, Parfex, Firmenich SA, Le Labo, Zohoor Alreef, ALREHAB PERFUMES, CPL Aromas, Avon, M. SENTIMENT, and Bath & Body Works, Inc. among others |
Market Definition
Fine fragrance is a mixture of chemicals that releases a sweet aroma into the air. Fine fragrance is used in consumer products such as spray perfumes, body care, home care, cosmetics, soaps and detergents, and incense. Fine fragrances help to maintain a pleasant surrounding or environment. A wide variety of fine fragrances in the market are available via both offline and online modes of distribution.
GCC Fine Fragrances Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
Drivers
- Increasing demand for natural fragrances
Natural fragrances offer a range of benefits over synthetic fragrances. They are free of harmful chemicals and toxins that can cause allergies and other health problems. They also have a more complex scent profile and can be used to create unique and subtle fragrances.
There is an increasing demand for natural fragrances and ingredients owing to a rise in consumers' concern about their health and prevalent fear of allergies, leading to demand for natural fragrances. Natural perfumes and fragrances offer various advantages. They easily blend with the skin, are more suitable for sensitive skin, and are an important product in many individuals' skincare routines, especially for females. These are made using distilled or normal water and flowers, fruits, saps, seeds, or from the bark, leaves, roots, resins, or wood of trees. Therefore, manufacturers are focusing on product diversification as consumers prefer innovative products with natural ingredients that do not contain any chemical synthetic fragrance material.
- Easy availability of inexpensive body splashes, body mists, and cologne body sprays
The rising demand for fragrances and the growing application of fine fragrances in various bathrooms and personal care products such as body splashes, mists, body sprays, deodorants, and many others are expected to drive the demand for fine fragrances soon.
In addition, the easy availability of inexpensive body splashes, body mists, and cologne body sprays will drive market growth. Furthermore, the increasing popularity of lighter-scented products, particularly among millennials, boosts the overall market's growth.
Gulf countries may be synonymous with luxury, but there's a gap in the fragrances market for lower-cost products. Therefore, various companies have been offering these fragrance products at affordable prices.
Confetti's body spray range contains fresh and fruity fragrance notes to appeal to Western consumers and more traditional Arabic scents, such as its maple spray for women and the riggs oud sprays for men.
Opportunities
- Heavy investments in R&D
Large-scale companies and key players invest heavily in R&D and advertisements to influence consumer buying behavior and gather more consumers to buy their products. Companies are spending more on developing digital footprints by uploading videos and photos regularly through their social handles and interacting with client’s online, hosting social media campaigns, and celebrity endorsements.
Moreover, these companies are focusing on adopting new technologies to stay ahead of the competition in the market.
For instance,
- In June 2020, Givaudan launched Vivascentz, a new and exclusive technology that will assist creative teams to develop fragrances with well-being benefits, which can be used in fine fragrance, personal care, and home use products and fabric care
This tool measures overall well-being in psychological and physiological contexts. This project was tested on over 2000 consumers to confirm that scents created using this technology positively affect the overall well-being of the user.
- Rising spending on digitalization of the retail industry
During COVID-19, sales of fragrance products dropped due to the closure of departmental stores, airport stores, and specialty stores and the unavailability of products due to the transportation ban. Offline sales significantly dropped as people feared leaving their houses and places. Moreover, consumers shifted to online distributors and e-Commerce sites to purchase these fine fragrance products.
Therefore, most industrial players are entering the supply-chain agreement with various e-commerce players to boost their businesses as the e-commerce companies handle product sales through the non-store channel and help save little cost on marketing. Investments by industrial players in strategic collaboration and strengthening the supply chain ensure a dependable stream of quality ingredients.
People consume content differently while viewing information online. Key players are changing their content strategies accordingly. Video-based content is applauded more by a consumer, as it makes it easier to learn about the functioning and utility of the product.
Restraints/Challenges
- Compliance with quality and regulatory standards
The fragrance industry faces a legal obligation to abide by the norms and standards of various regulatory bodies. These regulatory standards are imposed in each country, with a common goal of ensuring the safety of the consumers. These regulations set by different countries also emphasize the usage of fragrances and proper labeling of consumer products.
These stringent regulations can delay or prevent the launch of new products, increase the prices of new products, and lead to product recalls. Therefore, implementing and modifying new regulations negatively affect the market's growth.
Therefore, compliance with various recommendations, quality, and standards regulations hinder the production and marketing of a product, which poses a challenge to the growth of the GCC fine fragrances market.
- Rising concerns regarding the use of toxic contents
Countless products, including artificial candles, cleaners, air fresheners, colognes, and perfumes, fill people's residences and daily routines. Altering demand patterns of consumers has led the fragrances market to attain significant momentum over the past few years. Most consumers and manufacturers have been shifting their preferences towards natural fragrances because of concerns related to toxic contents in synthetic fragrances.
These synthetic fragrances or perfumes are expected to have negative health effects on users and the environment. Many synthetic fragrance chemicals are petroleum-based and can harm human health. Chemicals found in fragrances include phthalates, which are endocrine disruptors, and carcinogens benzophenone and styrene. In addition, some children and adults have allergic reactions to fragrance chemicals. Asthmatic children are at especially high risk. About 95% of chemicals used in synthetic fragrances are derived from crude petroleum oil. They also contain various carcinogenic chemical additives such as benzene derivatives, aldehydes, toluene, and many other toxic substances linked to congenital disabilities, allergies, cancer, nervous system disorders, and more.
Moreover, according to the Breast Cancer Fund, when it comes to preventing cancer, avoiding synthetic fragrances is one of the main ways to help yourself. That's because the dangers of synthetic scents include hormone-disrupting phthalates and synthetic musk.
Recent Developments
- In September 2022, Parfex initiated to welcome the customer to the Beautyworld Middle-East, in Dubai. The teams welcomed the customers at booth F26 hall 4 to discover the new collection of fragrances specially developed for the event.
- In May 2021, Takasago International Corporation was awarded the Accademia del Profumo Awards 2021 for the best feminine fragrance of the year for Narciso Ambrée. This award will boost the organization's reputation, setting it "apart from the crowd".
GCC Fine Fragrances Market Scope
GCC fine fragrances market is categorized based on ingredient, form, application, distribution channel, and end use. The growth amongst these segments will help you analyze major industry growth segments and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Ingredient
- Natural
- Synthetic
Based on ingredient, the GCC fine fragrances market is segmented into natural and synthetic.
Form
- Gas
- Liquid
Based on form, the GCC fine fragrances market is segmented into gas and liquid.
Application
- Spray Perfumes
- Deodorants
- Home Care
- Personal Care
- Others
Based on application, the GCC fine fragrances market is segmented into spray perfumes, deodorants, home care, personal care, and others.
Distribution Channel
- Offline
- Online
Based on distribution channel, the GCC fine fragrances market is segmented into offline and online.
End Use
- Men
- Women
- Unisex
Based on end use, the GCC fine fragrances market is segmented into men, women, and unisex.
GCC Fine Fragrances Market Regional Analysis/Insights
The GCC fine fragrances market is segmented based on ingredient, form, application, distribution channel, and end use.
The countries covered in the GCC fine fragrances market report are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates.
Saudi Arabia is expected to dominate the GCC fine fragrances market. The demand for fine fragrances is more accepted to grow in Saudi Arabia due to the easy availability of inexpensive body splashes, body mists, and cologne body sprays in the country.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data points downstream and upstream value chain analysis, technical trends, Porter's five forces analysis, and case studies are some pointers used to forecast the market scenario for individual countries. Also, the presence and availability of new brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and GCC Fine Fragrances Market Share Analysis
GCC fine fragrances market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, product lifeline curve. The above data points are only related to the companies focusing on the GCC fine fragrances market.
Some of the key market players in the GCC fine fragrances market are Takasago International Corporation, Gulf Flavours & Fragrances, TAC PERFUMES, Parfex, Firmenich SA, Le Labo, Zohoor Alreef, ALREHAB PERFUMES, CPL Aromas, Avon, M. SENTIMENT, and Bath & Body Works, Inc. among others.
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