Middle East & Africa Perfume Market Size & Outlook
Middle East & Africa perfume market, 2018-2030 (US$M)
Related Markets
MEA perfume market highlights
- The MEA perfume market generated a revenue of USD 5,413.0 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, premium was the largest revenue generating product in 2023.
- Mass is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 5,413.0 million |
| Market revenue in 2030 | USD 7,406.8 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Premium |
| Fastest growing segment | Mass |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mass, Premium |
| Key market players worldwide | Avon Products, Coty Inc Class A, Lvmh Moet Hennessy Louis Vuitton SE, The Estee Lauder Companies Inc Class A, Revlon, Puig Brands SA Ordinary Shares - Class B, L'Oreal SA, Shiseido Co Ltd, Givaudan SA, Kering SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.1% of the global perfume market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,362.7 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Perfume Market Scope
Perfume Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa perfume market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to perfume market will help companies and investors design strategic landscapes.
Premium was the largest segment with a revenue share of 53.43% in 2023. Horizon Databook has segmented the Middle East & Africa perfume market based on mass, premium covering the revenue growth of each sub-segment from 2018 to 2030.
Population growth, urbanization, and industrial growth in the Middle East are expected to play an important role in driving the perfume market over the forecast period. Governments across the Middle East have framed supportive policies to augment the industrial output of automotive, personal care, and food & beverage sectors in order to reduce the reliance on upstream energy industry.
As a result, manufacturers of various mass as well as premium perfumes are anticipated to establish their manufacturing facilities in the Middle East and tap new markets over the forecast period. Perfumes form an integral part of the cultural as well as the traditional heritage of consumers in various Middle Eastern countries.
On account of this, consumers are selective in choosing the type of scents they use on a daily basis and spend a significant amount of income on the product. Numerous manufacturers in the region have been launching premium as well as innovative perfumes through the blending of European scents and oriental archetypes.
Reasons to subscribe to Middle East & Africa perfume market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa perfume market databook
-
Our clientele includes a mix of perfume market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa perfume market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa perfume market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA perfume market size, by country, 2018-2030 (US$M)
Middle East & Africa Perfume Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
