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Beauty shoppers in both prestige and mass markets seek innovative notes.
By: Melissa Meisel
April 1, 2024
A spritz of a new scent can lift one’s mood. And with worries about war, the economy and upcoming elections, it’s no surprise that the fine fragrance category is flush with novel new scent profiles. “Consumers are turning to fragrances that spark joy, but at the same time are remaining value conscious,” noted Jacquelyn Wenskus, a fragrance category analyst at Circana, Port Washington, NY. “Fragrance is positioned as an affordable luxury, checking both boxes.” While the perception of joy and the definition of value is very personal and depends on the individual, there are specific traits driving fragrance trends this spring, such as scents that uniquely influence a mood or emotion in a positive way. “This is subjective and examples include scents that evoke nostalgia, fulfill a luxury aspiration, smell delicious or even scents that fit into a particular trending aesthetic or vibe,” added Wenskus. Fragrance sales concluded last year on a high note, per Circana research. Check out the chart to learn more. “The beauty industry is strong and the outlook remains positive for both the mass and prestige sides of the business in 2024,” said Larissa Jensen, global beauty industry advisor at Circana. “This performance is remarkable given the phenomenal growth it has experienced for the past two years, but the industry should not rest on its laurels.” The top trend in fragrance now—and one that will continue to grow—is a full range of “intensities” with an emphasis on light scents for hair and body from mists to intense personal fragrances, said Linda G. Levy, president of The Fragrance Foundation, New York.
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