DUBLIN, Oct. 19, 2022 /PRNewswire/ — The “U.A.E. Fragrance Market Report: By Category, Product Type, Gender – Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The U.A.E. fragrance market was worth $913.7 million in 2021, which is expected to touch $1,622.5 million by 2030, at a CAGR of 6.6% from 2021 to 2030.
The growing demand for custom-made fragrances and natural and eco-friendly cosmetic variants, and increasing spending on advertising and marketing campaigns, particularly through digital platforms, are some key drivers for the market.In 2021, luxury goods accounted for roughly 70% of the total industry revenue in the country. Because the U.A.E. is an economically powerful market, prominent global brands frequently debut their luxury items here before elsewhere. In addition, almost 60% of its population is between the ages of 14 and 40. Furthermore, the majority of the working people are between the ages of 18 and 40, which serves as the most-potent trigger for the rise in the demand for high-end fragrances.
There are many key players in the U.A.E. fragrance market, such as Candle-Lite Company LLC, Rasasi Perfumes Industry LLC, The Procter & Gamble Company, Unilever Group, Abdul Samad Al Qurashi, Arabian Oud, Johnson & Johnson, Nuxe Inc., Weleda Group, and Victoria’s Secret & Co.Perfumes are considered to be a vital aspect of a woman’s identity. Scents are becoming trendier as the female workforce grows. As per the World Bank, the female labor force of the country increased by 3.727% from 2010 to 2020. Moreover, fragrances are one of the most-significant and enticing personal care accessories for women. Some ladies like a subtle fragrance, whereas others prefer a strong perfume.
Key Findings of U.A.E Fragrance Market Report
For more information about this report visit https://www.researchandmarkets.com/r/cay8ac
Research and MarketsLaura Wood, Senior [email protected]
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SOURCE Research and Markets