Published 14 November 2024

Author
Estella Shardlow
8 min read

Galvanised by consumers’ growing awareness of fragrances’ wellbeing benefits and the rise of online olfactory fandoms, global perfume sales are set to hit $60.5bn by 2033, expanding at an annualised rate of 6.5% (Custom Market Insights, 2024). Top brand engagement strategies include evolving artificial-intelligence-(AI)-powered discovery (for in-store and e-commerce), centring scent in self-care, and embracing epicurean (sensual) and literary (intellectual) adjacencies.  

Selling Scent as Self-Care

Olfactory E-Comm: AI-Powered Discovery & Virtual Immersion

Epicurean Connections

Intellectualising Aroma: Scent-Curious Retail Libraries

Next-Gen Fragrance Fandoms: Onboarding Zalphas

As 50% of American women are interested in fragrances linked to physical or mental wellbeing (Circana, 2023), and ‘scent therapy’ counts 57 million TikTok views, promoting perfumes’ therapeutic potential is a smart move. ‘Well-scent’ strategies are skewing both spiritual and scientific, from the New Age leanings of Singaporean perfume bar Oo La Lab’s workshops to the resilience-rooted app of British ‘functional fragrance’ start-up Øthers.

As 50% of American women are interested in fragrances linked to physical or mental wellbeing (Circana, 2023), and ‘scent therapy’ counts 57 million TikTok views, promoting perfumes’ therapeutic potential is a smart move. ‘Well-scent’ strategies are skewing both spiritual and scientific, from the New Age leanings of Singaporean perfume bar Oo La Lab’s workshops to the resilience-rooted app of British ‘functional fragrance’ start-up Øthers.

Summary

Selling Scent as Self-Care

As 50% of American women are interested in fragrances linked to physical or mental wellbeing (Circana, 2023), and ‘scent therapy’ counts 57 million TikTok views, promoting perfumes’ therapeutic potential is a smart move. ‘Well-scent’ strategies are skewing both spiritual and scientific, from the New Age leanings of Singaporean perfume bar Oo La Lab’s workshops to the resilience-rooted app of British ‘functional fragrance’ start-up Øthers.

Olfactory E-Comm: AI-Powered Discovery & Virtual Immersion

E-commerce represents a comparatively minor yet increasingly important proportion of global fragrance sales at 11.9% (Statista, 2024). Innovation hotspots include generative Al tools guiding consumers’ online scent selection (American Gen Zers now use online questionnaires more frequently than in-store consultations to find personalised beauty products – 49% versus 33%; Statista, 2024) and the virtual world’s potential for leisurely, shoppable storytelling.

Epicurean Connections

Drawing on luxury’s roots in sensory indulgence, other shrewd fragrance brands (both luxury and mainstream) are differentiating themselves by foregrounding mixology and gastronomy – aligning perfumes and fine wines to confer connoisseurly prestige or via smell-and-sip tasting events offering accessible discovery forums. Elsewhere, foodie collaborations are tapping into the megatrend of food-inspired gourmand scents (see Key Stats).

Intellectualising Aroma: Scent-Curious Retail Libraries

Other brands are restyling perfumeries as libraries for consumers seeking slower, learning-couched product discovery. Aside from providing edifying analogue urban sanctuaries, curated reading lists are signposting brand values (including a feminist focus) and expertise (in-house perfumers’ source texts). The bibliophilic perfumery trend is particularly prominent in China – the world’s fastest-growing fragrance market (see Key Stats).

Next-Gen Fragrance Fandoms: Onboarding Zalphas

Brands targeting the next wave of scent consumers are echoing the offbeat, vibes-led and candid discussions on scent happening on #PerfumeTok, which drives 66% of Gen Zers’ perfume purchases globally (Circana, 2024). Notable concepts include generation-appropriate spins on IRL (in real life) personalised perfume-blending and early-stage olfactory science lessons for budding Gen Alpha fragrance fans.

New Fragrance Retail Frontiers

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?

Topics

Want to see the full report?

Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.

We already arm more than 500 of the world’s most forward-thinking brands and agencies with the creative insights they need to make transformative business decisions.

We’d love to do the same for you.

Book a demo with us today to discover more.

Want to see the full report?

Offering access to over 350 consumer and cross-industry reports annually, Stylus Membership is your window to tomorrow’s most exciting opportunities.

We already arm more than 500 of the world’s most forward-thinking brands and agencies with the creative insights they need to make transformative business decisions.

We’d love to do the same for you.

Book a demo with us today to discover more.

Internet Trends 101: Luxury Content

Internet Trends 101: Luxury Content

Internet Trends 101: Luxury Content

Internet Trends 101: Luxury Content

Internet Trends 101: Luxury Content

Pursuing pop culture relevancy while maintaining high-end allure can make cut-through social media content tricky for luxury brands. In our latest Internet Trends 101 report, we outline content categories and influencer cohorts to help prestige brands inventively navigate the internet culture terrain, including...

1 / 10