perfumes market likely to hit 10b by 2015
Last Updated : GMT 16:22:18
Arab Today, arab today
Arab Today, arab today

Perfumes market likely to hit $10b by 2015

Arab Today, arab today

Arab Today, arab today Perfumes market likely to hit $10b by 2015

Dubai - Arabstoday

Per capita consumption of perfumes in the Middle East, estimated at $380 annually, is among the highest in the world, according to a report by the Fragrance Foundation Arabia (FFA). Industry experts also estimate that over the next five years the Middle East fragrance market, which is currently valued at $3.5 billion, will jump to $10 billion by 2015 as major importers and producers are expanding their sales and distribution networks, backed by a young and largely fashion-conscious population with a growing trend towards consumer urbanisation and higher spending. The global market for fragrances is set to almost double from $17 billion in 2010 to touch $33.5 billion by 2015. \"Despite the recession, the market for perfumes in the Middle East was not impacted adversely,\" said Shahzad Haider, Chairman, FFA. The FFA, the Middle East wing of The Frag-rance Foundation, the international industry body, yesterday launched the first ever Middle East Fragrance Summit (MEFS), to be held in Dubai on September 26 and 27 at The Address Hotel, Downtown Dubai. In the Gulf, the fragrance industry has a strong representation of the oriental perfumes that are developed from Agarwood and oil that compliment the western perfumes that are produced from flowers. \"While fragrances have always been an integral part of life in the Arab World, there has never been such a depth of awareness about their importance in personal care programmes, as is seen today. \"We believe it is important to leverage this awareness to grow the market further in a streamlined manner and the MEFS is our first step in this direction,\" said Abdullah Ajmal, Deputy General Manager of Ajmal Perfumes. Their perfumes are particularly appealing to the large Muslim population, who use a lot of oil-based perfumes that are used during religious occasions, events and festivals such as Ramadan, Eid Al Fitr and Eid Al Adha. \"The fragrance industry is one of the largest in the UAE, and a prime driver of the country\'s retail sector. It is only fitting that the first ever Middle East Fragrance Summit is being held in the UAE, which is the highest consuming market for fragrances and perfumes,\" said Laila Suhail, Chief Executive Officer of the Dubai Events and Promotions Establishment (DEPE). \"DEPE, as one of the agencies of the Department of Economic Development, is pleased to support the FFA\'s initiative in hosting this summit.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

perfumes market likely to hit 10b by 2015 perfumes market likely to hit 10b by 2015

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

perfumes market likely to hit 10b by 2015 perfumes market likely to hit 10b by 2015

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Airbnb raided by Japan

GMT 01:55 2017 Saturday ,18 November

Airbnb raided by Japan
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday