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UAE Fragrance Market to Reach USD 1,039.8 Million by 2027 – IMARCGroup Report
The UAE fragrance market will reach USD 1,039.8 million by 2027, growing at a CAGR of 11.1% during 2022-2027.
Sheridan, Wyoming, USA, December 8, 2022 /EINPresswire.com/ — IMARC Group has recently published a new study titled “UAE Fragrance Market: Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027”, which provides insight into market drivers, segmentation, growth opportunities Detailed analysis, trends, and competitive landscape to understand current and future market scenarios.
What are the growth prospects for the UAE fragrance market?
This The Perfume Market in the UAE Reaching a value of $579.2 million in 2021. Looking ahead, IMARC Group expects the market to reach USD 1,039.8 million by 2027, growing at a CAGR of 11.1% during 2022-2027.
Perfume represents a fragrant liquid, usually composed of alcohol, aromatic compounds, water, essential oil, solvents, fixatives, etc. It symbolizes style, individuality and individuality, and a good scent can affect mood, behavior, perception, emotion, human thought and more. Some of the common natural ingredients used in making perfumes include flowers, grasses, spices, woods, fruits, resins, leaves, roots, balsams, gums, animal secretions, and more. In line with this, it is formulated on the basis of several fragrance families such as musk, floral, woody, green, oriental, amber, herbal, etc. Fragrances help improve the overall personality of an individual by providing a pleasant smell to the body.
Impact of COVID-19:
We regularly track the direct impact of COVID-19 on the market, as well as the indirect impact of related industries. These comments will be incorporated into the report.
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What are the key market drivers of the UAE fragrance market?
Rising consumer awareness regarding personal grooming, rising e-commerce and social media penetration, and rising levels of disposable income are primarily expanding the UAE fragrance market. Moreover, increasing demand for natural fragrances with strong warm oriental fragrances with ingredients such as amber, agarwood, musk, exotic flowers, etc. is also boosting the market growth.
Apart from this, widespread use of fragrances by women and men to enhance their personality is another important growth inducer. In addition, Beauty world, the international trade fair for fragrances and cosmetics, is further contributing to the growth of the national market by providing opportunities for leading manufacturers to showcase their products, exchange industry information, and interact with raw material suppliers and distributors. Apart from this, the launch of oil-based variants with longevity properties is expected to drive the UAE fragrance market in the next few years.
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The report covers the following major market segments:
Break up by price:
quality product
mass product
Break up by gender:
male
female
Unisex
Break up by Fragrance Type:
Arab
French
other
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Elena Anderson
IMARC Services Pte Ltd
+1 631-791-1145
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