Kuwait Perfume Market Trends, Share, Size, Growth, Opportunity and Forecast Report 2019-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jul 23, 2019--
The “Kuwait Perfume Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The Kuwait perfume market was worth US$ 113 Million in 2018. The market is further projected to reach US$ 196 Million by 2024, at a CAGR of 9.5% during 2019-2024.
Kuwait represents one of the fastest growing perfume markets in the Middle East. As perfumes enhance mood, reduce stress and boost confidence, they form a significant part of the day-to-day lives of Kuwaitis. Moreover, the strong economic growth in the region and a large young population base have augmented the demand for perfumes in Kuwait.
In addition to this, high disposable incomes of consumers have led to numerous changes in their perspective and buying patterns, which in turn, is strengthening the sales of perfumes in the region. The rising urban lifestyle and emulation of the Western culture are further prompting consumers to buy luxury goods such as perfumes.
Kuwait Perfume Market Drivers
Currently, the personal care industry is witnessing a strong growth on account of wider acceptance and willingness by the consumers to invest on self-grooming products. This is fostering the growth of the Kuwait perfume market.
One of the key trends that has been witnessed in the region is a significant shift towards eco-friendly, alcohol-free and personalised perfumes which can be accredited to the consumer’s negative perspective about synthetic fragrances.
In order to expand their consumer-base, manufacturers are constantly investing in research and development, and coming up with new product launches which are different in terms of packaging, prices and fragrances.
Premium and Mass Products:
The Kuwait perfume market is classified into premium products and mass products. Premium products incorporate high-end perfume brands which are not widely accessible. On the other hand, the availability of mass products is comparatively higher as these can be purchased from the local market, supermarkets, hypermarkets, etc.
The Kuwait perfume industry is further segregated on the basis of gender which includes male, female and unisex. Male perfumes mostly encompass woody-musk fragrance notes, whereas perfumes which are designed for women primarily contains floral/fruity undertones.
Perfume Type Insights:
On the basis of perfume type, the market has been segmented as Arabic, French and others.
The key player operating in the market along with their profiles has also been provided in the report.
This report provides a deep insight into the Kuwait perfume market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Kuwait perfume industry in any manner.
Key Questions Answered in This Report:
Key Topics Covered:
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Key Industry Trends
5 GCC Perfume Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Premium and Mass Products
5.4 Market Breakup by Gender
5.5 Market Breakup by Perfume Type
5.6 Market Breakup by Region
5.7 Market Forecast
6 Kuwait Perfume Market
6.1 Market Overview
6.2 Market Performance
6.3 Market Breakup by Premium and Mass Products
6.4 Market Breakup by Gender
6.5 Market Breakup by Perfume Type
6.6 Market Forecast
6.7 SWOT Analysis
6.8 Value Chain Analysis
6.8.2 Research and Development
6.8.3 Raw Material Procurement
6.9 Porters Five Forces Analysis
6.10 Price Analysis
6.10.1 Key Price Indicators
6.10.2 Price Structure
6.10.3 Margin Analysis
7 Market Breakup by Premium and Mass Products
7.1 Premium Products
7.2 Mass Products
8 Market Breakup by Gender
9 Market Breakup by Perfume Type
10 Perfume Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/lolvu
View source version on businesswire.com:https://www.businesswire.com/news/home/20190723005460/en/
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KEYWORD: MIDDLE EAST KUWAIT
INDUSTRY KEYWORD: COSMETICS RETAIL
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 07/23/2019 06:05 AM/DISC: 07/23/2019 06:05 AM