Saudi Arabia Fragrance Market

Introduction to Saudi Arabia Fragrance Market Report

The fragrance has improved the personal grooming habits of individuals. It is a mixture of fragrant essential oil or other aroma compounds and solvents. Fragrance products such as perfumes and deodorants which signify the person personality, style, and individuality. These products such as perfumes, deodrants, among others are widely available through online and offline distribution channel in the market.

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Main Saudi Arabia Fragrance Market Drivers

Major factors driving Saudi Arabia fragrance market are rising focus of people on maintaining personal hygiene and enhancing appearance, growing number of social media users, and increasing demand for halal fragrance. The number of active social media users in Saudi Arabia have increased significantly in recent years. Approximately, 29.10 million social media users were estimated in Saudi Arabia in January 2023, which is equivalent to more than 79% of country’s total population. With increase in the number of social media users, platforms like Facebook and Instagram are becoming more popular as users in Saudi Arabia are increasingly using these platforms to explore and discover new fragrances, which is positively impacting the e-commerce sales of fragrances in the country. Moreover, Improvements in the standard of living, increasing disposable incomes of consumers, presence of massive population base under the age of 35 years and rise in the number of gym-goers are augmenting the growth of Saudi Arabia fragrance market.

Increasing awareness of beauty care products, coupled with the rising working women population, will further drive the market growth during the forecast period. In addition to this, the availability of a wide range of fragrance products and an increase in the demand for clean label products among the consumers will energize the market growth. Furthermore, numerous leading players are focusing on launching attractive packaging, advertainment, and promotional activity, which will increase the market visibility of fragrance products. However, incidences of skin allergies due to the usage of chemical ingredients in these products and the availability of counterfeit products, are restricting Saudi Arabia fragrance market growth.

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According to Saudi Arabia fragrance market report, Perfume segment is expected to grow at a higher CAGR due to growing demand for exotic products among the young population. In addition, increasing awareness regarding personal hygiene and the high availability of diversified portfolio in retail shops are expected to drive the growth of the perfume segment in the coming years.

Based on the application, Personal Care segment is anticipated to witness a faster CAGR in the Saudi Arabia fragrance market owing to the rising working-class population, which is creating strong demand for personal care products such as deodorants and perfumes. Furthermore, the increasing consumer preference for natural personal care products will further boost the personal care segment.

Based on the distribution channel, offline segment accounted to hold the largest share in the Saudi Arabia Fragrance market due to the growing demand for various fragrance products through various offline channels such as brand outlets, hypermarkets & supermarkets, directs selling, and drug stores. The online segment is expected to grow at the fastest CAGR in the coming years owing to the rapid penetration of social media such as Facebook and Instagram and smartphone users. Furthermore, the increasing trend of online retail worldwide will further propel the market growth of the offline segment.

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Various notable players operating in the market include Arabian Oud, Loreal Group, Unilever, The Procter & Gamble Company, Perfumania Holdings Inc., Calvin Klein Inc., Elizabeth Arden Inc., Estee Lauder Companies, Symrise AG, and Avon Products Inc., among others.

Key Developments

• • In February 2021, Ajmal on the occaision of its 70^th anniversary announced the launch of its Aristocrat Platinum fragrance. This product is available on Ajmal Retail stores and eCommerce platform across GCC region.

The Saudi Arabia Fragrance market has been segmented on the basis of Product Type, Application, and Distribution Channel. Based on Product Type, the market is segmented into Deodorants, Perfumes and Others. Based on Application, the market is segmented into Personal Care, Household Care and Others. Based on Distribution Channel, the market is segmented into Offline and Online.

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Key questions answered in this research report:

• • At what pace is Saudi Arabia Fragrance market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Fragrance market? What will be the impact of drivers and restraints in the future?
  • Which Product Type generated maximum revenues in 2019 and identify the most promising Product Type during the forecast period?
  • What are the various Distribution Channels of Saudi Arabia Fragrance market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Saudi Arabia Fragrance Market by Product Type

• • Deodorants
  • Perfumes
  • Others

Saudi Arabia Fragrance Market by Application

• • Personal Care
  • Household Care
  • Others

Saudi Arabia Fragrance Market by Distribution Channel

• • Offline
  • Online

Major Players Operating the Fragrance (Option: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Arabian Oud
  • Loreal Group
  • Unilever
  • The Procter & Gamble Company
  • Perfumania Holdings Inc.
  • Calvin Klein Inc.
  • Elizabeth Arden Inc.
  • Estee Lauder Companies
  • Symrise AG
  • Avon Products Inc.