100 likes | 112 Views
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia home fragrances market is growing at a CAGR of 6.8% during the forecast period 2022-2028. The Saudi Arabia home fragrances market is booming with the growing demand for premium fragrances among the population. Rising disposable income and upsurge requirement for the fragrant and rich outlook for the interiors is driving the market's growth in the forecast years.
E N D
Saudi Arabia's Home Fragrances Market, By Product Type- Industry Size, Share, Trend Analysis, Outlook, Growth, Opportunity and Forecast, 2022-2028
Saudi Arabia Home Fragrances Market - Industry Trends & Forecast Report 2028A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Saudi Arabia home fragrances market is growing at a CAGR of 6.8% during the forecast period 2022-2028. The Saudi Arabia home fragrances market is booming with the growing demand for premium fragrances among the population. Rising disposable income and upsurge requirement for the fragrant and rich outlook for the interiors is driving the market's growth in the forecast years. Moreover, the demand for a lavish lifestyle is aiding the growth of the market in the future. The rapidly expanding e-commerce sector and essential oil market, and availability of aesthetically pleasing products for home decor and air fresheners are anticipated to support the market growth of the Saudi Arabia home fragrances market in the upcoming years.
Growth Drivers Keeping the ambiance clean and refreshed Home fragrances are in higher demand due to consumers growing emotional attachment to their houses, which has led to a more private, memorable, and peaceful ambiance. Maintaining a fragrant home and ambiance is a matter of cleanliness. Home fragrances are also frequently linked to maintaining the atmosphere, bringing positive energy, increasing emotions and vitality, as well as improving mental focus. These benefits will likely continue to drive Saudi Arabia's home fragrances industry in the upcoming years.
Restraints Individual allergies can impede market expansion. Asthma, COPD, pneumonia, and other lung conditions are becoming more common; more people are developing health complications that have an adverse effect on their health and are causing allergic reactions. This is hindering the expansion of the home fragrance sector. Additionally, a lot of people are simultaneously affected by odors. Asthma and reproductive troubles are only two of the health problems to which some toxins have been connected. For instance, the controversial family of chemicals known as phthalates has the ability to mimic the effects of hormones in the body. To make perfumes stay longer, they are frequently added.
Impact of COVID-19 The COVID-19 pandemic has significantly impacted every aspect of the cosmetics and personal care market, with the fragrances industry suffering the most during the lockdown. Prior to the pandemic, the industry saw positive growth, but in 2020, there was negative growth and a corresponding decline in consumer demand. Due to the introduction of lockdown and social distance regulations in response to the new COVID-19 outbreak, the market for home fragrances has suffered. As a result, there is a manpower scarcity, which raises product costs and reduces manufacturing volume. Sample Copy of the Report : https://www.blueweaveconsulting.com/report/saudi-arabia-s-home-fragrances-market/report-sample
Competitive Landscape Key players operating in Saudi Arabia Home Fragrances Market are Rezaroma (Reza Hygiene), Johnson Saudi co. Ltd, Reckitt Benckiser (Arabia) FZE (RB), Procter & Gamble Saudi Arabia, Ajmal International Trading Co. (LLC), The Fragrance Kitchen, ALREHAB perfumes, ZohoorAlreef, Saudi Arabia, MushirAlam Perfume Industry, Henkel Jebel Ali FZCO, Kelvin Natural Mint Pvt. Ltd., AJWA Group, Godrej & Boyce Mfg. Co. Ltd., among others.
Recent Development In February 2021, Aristocrat Platinum Eau de parfum, which embodies the experiences and success amassed over the last 70 years, was released by Ajmal. Aristocrat Platinum by Ajmal is a Leather fragrance for men. In September 2021, Ajmal Perfumes joined together with SAP SE, a global technology company, to drive digital transformation. The company would work with channel partner Accely to run on the RISE, SAP S/4HANA real-time business suite, SAP platform, and SAP Success Factors human experience management suite to improve the employee experience
Key Players Rezaroma (Reza Hygiene), Johnson Saudi co. Ltd, Reckitt Benckiser (Arabia) FZE (RB), Procter & Gamble Saudi Arabia, Ajmal International Trading Co. (LLC), The Fragrance Kitchen, ALREHAB perfumes, ZohoorAlreef, Saudi Arabia, MushirAlam Perfume Industry, Henkel Jebel Ali FZCO, Kelvin Natural Mint Pvt. Ltd., AJWA Group, Godrej & Boyce Mfg. Co. Ltd and other prominent players.
About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.
Contact Us: +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662 info(@)blueweaveconsulting.com www.blueweaveconsulting.com