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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
GCC Flavours and Fragrances Market Analysis by Region
Saudi Arabia is one of the prominent regions due to the expanding food processing and soap and detergent sector
According to the flavours and fragrances market in GCC, Saudi Arabia boasts a developing food manufacturing and processing sector, supported by a growth in income, and significant economic alliance. The food sector of Saudi Arabia is set for a USD 20 billion boost by 2035, driven by increasing investments. Further, individuals aged 15-44, comprising about 53% of the population are significant consumers of flavourful fast foods, contributing to the growth of the flavours and fragrances market in the GCC. The market for detergents in the Kingdom is growing steadily driven by the growth in complementary markets, such as textiles. In 2022, the Kingdom’s textiles and fabrics sector recorded over USD 1 billion worth of investment.
The United Arab Emirates UAE is a prominent perfume producer in the GCC. Fragrances are consumed by local perfume producers, including Rasasi Perfumes Industry LLC, Yas Perfumes, and Ajmal Perfumes. The country is expected to significantly contribute to the GCC flavours and fragrances market development during the forecast period.
Further, the expanding fast food sector in Kuwait is increasing the demand for flavours in the region. The average monthly expenditure on food and drinks by Kuwaitis accounts for USD 1,200, while expats spend about USD 520 per month. Kuwait has the presence of 12,000 restaurants, of which 5,500 come under the dessert segment, while 3,000 are cafes.
GCC Flavours and Fragrances Market Report Snapshots
GCC Flavours and Fragrances Market Size
GCC Flavours and Fragrances Market Trends
GCC Flavours and Fragrances Market Regional Analysis
GCC Flavours and Fragrances Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the GCC flavours and fragrances market reached an approximate value of USD 560.6 million.
The market is expected to grow at a CAGR of 4.3% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 805.6 billion by 2032.
The major drivers of the market include rising demand for ingenious fragrances, demand for luxury personal care products, and a diverse population demanding varied cuisines.
Key trends aiding the market expansion in GCC include an expanding food service sector, demand for natural ingredients in foods and cosmetic products, and a growing interest in luxury fragrances.
The different types of flavours in the market are artificial, natural, and nature-identical.
The major types of fragrances in the market are synthetic and natural.
The major countries for flavours and fragrances in the GCC region are Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain, and Oman.
The key players in the GCC flavours and fragrances market are DSM-Firmenich AG, Symrise AG, Givaudan International SA, International Flavors & Fragrances Inc., Bell Flavors & Fragrances, RFF International, Senovia, Gulf Flavours & Food Ingredients FZCO, and Global Flavours and Fragrances, among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124