The perfume market in the Arab world stands out as a platform for creativity and innovation. Perfumes are not just scents but an integral part of the Arabic identity and heritage. It is where tradition meets modernity to create unique fragrance experiences that touch both the soul and senses.
In this article, brought to you by Jasmine, we explore the size of the perfume market in the Arab world, uncovering real statistics and figures that offer a comprehensive understanding of the market’s dynamic and the consumer trends that shape it.
By these lines, we aim to provide investors, entrepreneurs, and industry enthusiasts with valuable insights to help them better understand how the market responds to economic and social shifts.
To discover what’s happening in the Arab perfume market, stay with us.
The real statistics and figures show significant growth in the Arab perfume market, reflecting ongoing development in the industry. According to data, the size of the perfume market in the Middle East was estimated by $3.71 billion in 2022, and it is expected to rise to $5.01 billion by 2023, with a compound annual growth rate of 7.95%.
This increase reflects the growing interest in luxury perfumes and rising disposable incomes in this region, directly contributing to expanding the consumer base and driving the industry’s growth.
Here are a few key points about the perfume market in the Arab World.
By understanding these dynamics, investors and entrepreneurs can seize emerging opportunities and support their business growth in the Arab perfume market.
In the following lines, we provide more details about some Arab countries.
In Saudi Arabia, the revenue of the perfume market is expected to reach $ 0.50 billion in 2024, with tge market anticipated to witness an annual growth rate of 3.33% between 2024 to 2028
Regarding revenue per capita, it is estimated that each person in Saudi Arabia will contribute $13.47 in 2024. The same year, non-luxury perfumes are expected to account for 60% of the perfume market sales. The Saudi perfume market is experiencing a high demand for luxury perfumes, particularly those made from our, among residents and tourists.
The perfume market in the UAE is expected to generate revenues of $ 142.60 billion in 2024.
However, forecasts indicate a compound annual growth rate (CAGR) decline of 0.91% from 2024 to 2028.
Regarding revenue per capita, the perfume market in the UAE is estimated to contribute $14.86 per person in 2024. Additionally, non-luxury perfumes are expected to account for about 65% of the market revenues by 2024. The UAE perfume market is also seeing a shift towards luxury and niche luxury perfume brands, catering to the needs of the country’s affluent consumer base.
The size of the Dubai perfume market exceeded UAE 21 billion in 2022. These figures indicate that Dubai holds the largest share of the UAE perfume market due to its strong focus on tourists and international trade.
As a global hub for shopping and travel, Dubai attracts many tourists who directly contribute to the increase in the sale of luxury and specialized perfumes. The city is also known for its numerous high-end malls and international brand stores that showcase the latest and finest perfumes, making it a key destination for perfume enthusiasts worldwide.
In Egypt, the perfume market is expected to generate revenues of $8.14 million, with a compound annual growth rate (CAGR) of 6.67% from 2024 to 2029. The market size is projected to reach $11.24 million by 2029.
The number of perfume consumers in Egypt is expected to reach 6.7 million by 2029, increasing from 4.5% in 2024 to 5.5% by 2029.
The perfume market in Kuwait is experiencing steady growth. Revenue is expected to reach approximately $81.52 million in 2024 and a compound annual growth rate of 3.79% from 2024 to 2028.
Regarding revenue per capita, the contribution per person is expected to be 18.74 in the same year; furthermore, non-luxury perfumes are anticipated to account for 83% of the market sales by 2024.
Qatar is expected to witness significant growth in the perfume market; its revenue is estimated to reach $65.53 million in 2024, and the compound annual growth rate (CAGR) is expected to reach 5.36% from 2024 to 2028.
Regarding individual spending, the average expenditure perdus per capita in Qatar is expected to reach $23.94 in 2024. Additionally, non-luxury products are projected to account for around 58% of total market sales by 2024.
The increasing demand for luxury, niche, and handmade perfumes shows that the Qatari perfume market is thriving, with expectations for further growth and development.
The perfume market in GCC was valued at $3.12 billion in 2024, and it is expected to reach $3.71 billion by 2029, with a compound growth rate of 3.58%.The high demand for luxury and traditional perfumes like ours is expected to persist.
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The global perfume market was estimated at around $48.42 billion in 2023, and it is expected to grow at a compound annual growth rate of 5.5% by 2023. This growth is attributed to the increasing awareness of personal care and the growing interest in luxury perfumes and innovative products among young consumers looking for unique and long-lasting perfumes.
Regarding perfume consumption, the United States has the highest consumption rate.
While Europe, led by France, holds the largest share of the global perfume market, thanks to the luxury and well-known brands like Dior and Channel,
Asian countries, such as China and India, are considered the rapidly growing market due to the increase in disposable income and the rapid expansion of e-commerce platforms that provide easy access to a wide range of perfumes.
These statistics highlight the dynamic nature of the perfume market and the different factors influencing its growth and transformation both globally and with the Arab World.
Knowing the statistics of the perfume market is essential for any business project aiming for success and sustainability in this field.
Here is how these statistics can benefit your project.
Knowing global perfume market statistics gives businesses a powerful tool for strategic planning and effective execution, enhancing their chances of success and expansion in a growing and competitive market.
Read Also: 6 Tips for Starting to Import Perfumes and Fresheners from Turkey
At Jasmine, we are a leading company in creating and building perfume brands from the ground up.
We provide comprehensive services, from developing the brand’s visual identity to manufacturing and packaging perfumes.
Here are how we can assist you if you are an entrepreneur or a startup owner in this field.
By doing so, we at Jasmine offer comprehensive solutions for companies looking to enter the perfume market with a new brand or refresh their current identity, positioning them as strategic partners for success in this competitive industry.
Are you ready to start your perfume project? Contact us now, and do not delay your decision.
The UAE and Saudi Arabia are among the highest consumers of perfumes in the Arab World, driven by their high-income levels and deep cultural interest in perfume as an integral part of personal and social identity.
France is renowned globally as the leading country in perfume production. It boasts a long-standing heritage in the perfume industry, with well-known brands such as Chanel and Dior.
The United States is the largest producer of perfume, home to major companies that manufacture and export fragrances globally.
The profit margin for perfume typically ranges between 30% and 50%. This margin depends on many factors, such as the type of perfume, its quality, its brand, and the pricing and distribution strategies.
