The global market for Gourmand Fragrances is projected to achieve a valuation of USD 32,550.3 Million by 2023, with growth accelerating at a CAGR of 3.8% from 2023 to 2033. Gourmand Fragrance sales are anticipated to contribute significantly to the overall demand in the global fragrance market, which is expected to be valued at approximately USD 55 Billion by 2033
A gourmand fragrance is a mixture of scented essential oils or aroma compounds, sprays, and solvents. Gourmand fragrances tend to smell edible, usually featuring notes such as honey, chocolate, candy, vanilla, caramel, almonds and so on. These top and middle notes may be combined with non-edible base notes like musk or patchouli.
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The global gourmand fragrance industry sets well ahead of the broad beauty market, providing steady positive growth and a firm ascendant trajectory. Outdoing the baseline beauty and personal care industry, a feat accomplished by both color cosmetics and fragrances, gourmand fragrances experienced a revitalization in mature markets in the face of a fresh customer, while simultaneously gaining new vendors in continually advancing evolving nations. Gourmand fragrances are also called foodie fragrances, and can be both feminine and masculine. Usually, they are warm and most wearable in the colder seasons. The gourmand fragrance market is becoming more consolidated over a period of time as large companies are acquiring smaller and niche brands.
Urbanization is Driving the Global Gourmand Fragrances Market
Gourmand fragrances are genuinely tempting and appealing, equipped with enticing essential oils and aromatic compounds. The applications of gourmand fragrances for those having a sweet tooth prompts a nirvana-like state in the consumers. Driven by continually-rising customer demand for air travel, travel retail has appeared as a reliable distribution channel for luxurious fragrances like gourmand fragrances in the past few years. The gourmand fragrance trend has gradually increased in popularity since 1992. In 1992, Thierry Mugler’s company MUGLER launched its first gourmand fragrance “Angel”; it was credited as the first modern Gourmand scent. “Angel” along with its companion scent Alien accounted for $280 Mn in annual sales which set the tone of the gourmand fragrance market. Furthermore, advancing technology is empowering the customization of fragrances, diverging custom blending from a luxury to a mainstream service. Going forward, the market is expected to see continuing sales growth in smaller fragrance products.
Opportunity for New Products
The global Gourmand Fragrance has progressed on the outline of new product innovations and will continue to grow the same way during the period of forecast. Producers could emphasis on producing innovative products while complying with guidelines and regulations for food grade material usage.
- In 2016, the online sales of Fragrances in the UK observed a raise of 20%. Total sales recorded in 2016 was £162 million, according to the NPD Group. Amazon is one of the internet giants, a growing seller of fragrances, including cosmetics.
- In 2016, Prada, a key player in the gourmand fragrance market extended their extended the Prada Candy perfume range with new Prada Candy Sugar Pop eau de toilette Candy Kiss had musk as its hero ingredient. The packaging box featured a kiss motif inspired by the iconic Prada lip print.
Key Companies Profiled
Clover Hill Food Ingredients Ltd; Cargill, Incorporated; ADM WILD Europe GmbH & Co.KG; Nestlé; Wilmar International Limited; PURATOS; Shellz Overseas Pvt. Ltd.; INFORUM Group; Buhler AG; Barry Callebaut; Unigrà S.r.l.; Blommer Chocolate Company; CEMOI; HERZA Schokolade GmbH & Co. KG.
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Gourmand Fragrance Market by Category
By Nature:
- Natural
- Synthetic
By Application:
- Personal Care Fragrance
- Home Care Fragrance
- Pet and Animal Care Fragrance
By Source:
- Honey
- Chocolate
- Vanilla
- Almond
- Others (Caramel, Milk, and Candy)
By Region:
- North America
- Latin America
- Europe
- Middle East and Africa
- East Asia
- South Asia
- Oceania
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