Kuwait Perfume Market: Analysis & Forecast 2019-2024Posted by Sonika on September 17th, 2019 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. Request a free sample copy of Kuwait Perfume Market Report @ https://www.bharatbook.com/marketreports/sample/reports/1598929
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. 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. Gender Insights: 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. Competitive Landscape: 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: How has the Kuwait perfume market performed so far and how will it perform in the coming years? Browse our full report with Table of Contents : About Bharat Book Bureau: Bharat Book is Your One-Stop-Shop with an exhaustive coverage of 4,80,000 reports and insights that includes latest Market Study, Market Trends & Analysis, Forecasts Customized Intelligence, Newsletters and Online Databases. Overall a comprehensive coverage of major industries with a further segmentation of 100+ subsectors. Contact us at: Bharat Book Bureau Follow us on : Twitter, Facebook, LinkedIn Like it? Share it! More by this author |
