The global Gourmand Fragrance market is expected to reach a market valuation of USD 32,550.3 Million by the year 2023, accelerating with a CAGR of 3.8% from 2023 to 2033. Gourmand Fragrance sales are likely to account for a part of the demand in the global fragrance market, valued at approximate USD 55 Billion in 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.
The fragrance industry focused on gourmet scents is experiencing strong and steady growth, surpassing the overall beauty market. Gourmet fragrances, along with colour cosmetics, have outperformed the broader beauty and personal care industry. Gourmet fragrances have been revitalized in mature markets by appealing to new customers, while also gaining new vendors in developing nations.Gourmand fragrances are also called foodie fragrances, and can be both feminine and masculine.
| Attributes | Details |
|---|---|
| Gourmand Fragrance Market Size (2023E) | USD 32,550.3 Million |
| Gourmand Fragrance Market Projected Size (2033F) | USD 55,075.9 Million |
| Value CAGR (2023 to 2033) | 3.8% |
Future Market Insights projects the market to remain lucrative, exhibiting growth at 3.8% CAGR between 2023 and 2033 in comparison to the CAGR of 3.2% posted between 2018 and 2022. The gourmand fragrance market is becoming more consolidated over a period of time as large companies are acquiring smaller and niche brands.
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Gourmand Fragrance sales grew at a CAGR of 3.2% between 2018 and 2022. The period marked the entry of various market players and product innovations.
In 1992, the launch of Thierry Mugler's Angel fragrance marked the beginning of the gourmand fragrance trend, which has since grown steadily. Along with its companion scent, Alien, Angel generated annual sales of USD 280 million and set the tone for the gourmand fragrance market. Since then, the trend has continued to gain popularity, particularly in mature markets, and has expanded into developing nations as well.
Looking ahead, the market is expected to see continuing sales growth, particularly in smaller fragrance products, and advancements in technology are empowering the customization of fragrances, making custom blending more accessible to the mainstream market. Additionally, the increasing demand for air travel has led to the emergence of travel retail as a reliable distribution channel for luxury fragrances, including gourmand fragrances.
Overall, the historic and future outlook of the gourmand fragrance market is positive, with steady growth, increasing popularity, and expanding distribution channels.
Gourmet fragrances, which contain appealing essential oils and aromatic compounds, are highly enticing and enjoyable, especially for those who have a sweet tooth. Their popularity has grown in recent years due to the increasing demand for air travel and the availability of luxury fragrances through travel retail.
Advancements in technology have made custom blending of fragrances more accessible to the mainstream market. Moving forward, the sales growth in the gourmand fragrance market is expected to continue, particularly in smaller fragrance products.
Thus, Future Market Insights predicts a substantial growth of Gourmand Fragrance Market in the given forecast period.
Principal Consultant
| Region | North America |
|---|---|
| Country | United States |
| Value CAGR in % (2023) | 6.0% |
| Value Share in Market (2023) | 31.6% |
| Region | Europe |
|---|---|
| Country | Germany |
| Value CAGR in % (2023) | 4.0% |
| Value Share in Market (2023) | 21.8% |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| Value CAGR in % (2023) | 5.2% |
| Value Share in Market (2023) | 19.5% |
| Region | Asia Pacific |
|---|---|
| Country | India |
| Value CAGR in % (2023) | 4.1% |
| Value Share in Market (2023) | 6.9% |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| Value CAGR in % (2023) | 4.0% |
| Value Share in Market (2023) | 8.6% |
Europe has been a dominant player in the gourmand fragrance market. France, in particular, is renowned for its expertise in perfumery and has been the epicenter of the fragrance industry for centuries. Many of the world's most famous fragrance houses, including Chanel, Dior, and Guerlain, are based in France.
Other European countries, such as Italy and the United Kingdom, also have a strong presence in the gourmand fragrance market. Italy is known for its production of high-quality ingredients, while the UK is home to many innovative and niche fragrance brands.
The outlook for the gourmand fragrance market in India is positive, as the country's economy continues to grow and consumers become increasingly interested in luxury goods. While the fragrance market in India is still in its early stages, the demand for gourmand fragrances has been steadily increasing in recent years.
The increasing focus on sustainability and natural ingredients in the beauty industry has also impacted the gourmand fragrance market in India. Many consumers are now looking for fragrances that are made with natural and organic ingredients, and fragrance houses are responding to this demand by developing fragrances that meet these criteria.
Several factors are driving the gourmand fragrance market in the United States. One key factor is the increasing demand for luxury fragrances among American consumers, particularly millennials who are willing to spend more on high-quality products. This has led to the emergence of new fragrance houses and the expansion of existing ones, particularly those that specialize in gourmand fragrances.
Another factor driving the market is the growing popularity of online shopping, which has made it easier for consumers to access and purchase luxury fragrances, including gourmand fragrances. Online retailers and e-commerce platforms have also enabled new fragrance houses to reach a wider audience, particularly in regions where they do not have a physical presence.
The influence of social media and beauty influencers has also played a role in the growth of the gourmand fragrance market in the United States. Many beauty influencers and bloggers have featured gourmand fragrances in their content, highlighting their unique and appealing scents.
Overall, the Gourmand Fragrance market in the USA is likely to experience continued growth over the next decade.
| Region | North America |
|---|---|
| Country | United States |
| Value CAGR in % (2023) | 6.0% |
| Value Share in Market (2023) | 31.6% |
| Region | Europe |
|---|---|
| Country | Germany |
| Value CAGR in % (2023) | 4.0% |
| Value Share in Market (2023) | 21.8% |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| Value CAGR in % (2023) | 5.2% |
| Value Share in Market (2023) | 19.5% |
| Region | Asia Pacific |
|---|---|
| Country | India |
| Value CAGR in % (2023) | 4.1% |
| Value Share in Market (2023) | 6.9% |
| Region | Asia Pacific |
|---|---|
| Country | Japan |
| Value CAGR in % (2023) | 4.0% |
| Value Share in Market (2023) | 8.6% |
Europe has been a dominant player in the gourmand fragrance market. France, in particular, is renowned for its expertise in perfumery and has been the epicenter of the fragrance industry for centuries. Many of the world's most famous fragrance houses, including Chanel, Dior, and Guerlain, are based in France.
Other European countries, such as Italy and the United Kingdom, also have a strong presence in the gourmand fragrance market. Italy is known for its production of high-quality ingredients, while the UK is home to many innovative and niche fragrance brands.
The outlook for the gourmand fragrance market in India is positive, as the country's economy continues to grow and consumers become increasingly interested in luxury goods. While the fragrance market in India is still in its early stages, the demand for gourmand fragrances has been steadily increasing in recent years.
The increasing focus on sustainability and natural ingredients in the beauty industry has also impacted the gourmand fragrance market in India. Many consumers are now looking for fragrances that are made with natural and organic ingredients, and fragrance houses are responding to this demand by developing fragrances that meet these criteria.
Several factors are driving the gourmand fragrance market in the United States. One key factor is the increasing demand for luxury fragrances among American consumers, particularly millennials who are willing to spend more on high-quality products. This has led to the emergence of new fragrance houses and the expansion of existing ones, particularly those that specialize in gourmand fragrances.
Another factor driving the market is the growing popularity of online shopping, which has made it easier for consumers to access and purchase luxury fragrances, including gourmand fragrances. Online retailers and e-commerce platforms have also enabled new fragrance houses to reach a wider audience, particularly in regions where they do not have a physical presence.
The influence of social media and beauty influencers has also played a role in the growth of the gourmand fragrance market in the United States. Many beauty influencers and bloggers have featured gourmand fragrances in their content, highlighting their unique and appealing scents.
Overall, the Gourmand Fragrance market in the USA is likely to experience continued growth over the next decade.
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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.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD Million for Value |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; and the Middle East & Africa |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, the UK, France, Italy, Spain, Nordic, Russia, Poland, India, India, Thailand, USA, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Segments Covered | Type, Form, Application, Region |
| 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. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers Restraints Opportunity Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Throughout the forecast period, the Gourmand Fragrance Market is expected to grow at a CAGR of 3.8%
By 2033, the Gourmand Fragrance Market is expected to be worth USD 55,075.9 Million.
Many luxury brands are expanding into fragrances as an entry point for consumers which has fuelled the growth of the Gourmand Fragrance market.
Currently, the Europe region is at the top of the market share of Gourmand Fragrance.
Some of the key players in the Gourmand Fragrance Market are INITIO Parfums Prives Perfumes and Colognes, Yves Saint Laurent Beauté, Dior, Lancome, MUGLER, Guerlain, CARNER BARCELONA S.L., Serge Lutens, Tom Ford, Xerjoff Lira, Acqua di Parma, Viktor&Rolf, Maison Francis Kurkdjian, Maison Margiela, Lolita Lempicka, KILIAN, Elie Saab, Kat Von D, Commodity, Prada, Marc Jacobs among others.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Nature 6.2. Application 6.3. Source 7. Global Market Analysis and Forecast, By Nature 7.1. Natural 7.2. Synthetic 8. Global Market Analysis and Forecast, By Application 8.1. Personal Care Fragrance 8.2. Home Care Fragrance 8.3. Pet and Animal Care Fragrance 9. Global Market Analysis and Forecast, By Source 9.1. Honey 9.2. Chocolate 9.3. Vanilla 9.4. Almond 9.5. Others (Caramel, Milk, and Candy) 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Middle East and Africa 10.5. East Asia 10.6. South Asia 10.7. Oceania 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. South Asia Sales Analysis and Forecast, by Key Segments and Countries 17. Oceania Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Nature, Application, and Source for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Clover Hill Food Ingredients Ltd 20.2. Cargill, Incorporated 20.3. ADM WILD Europe GmbH & Co.KG 20.4. Nestlé 20.5. Wilmar International Limited 20.6. PURATOS 20.7. Shellz Overseas Pvt. Ltd. 20.8. INFORUM Group 20.9. Buhler AG 20.10. Barry Callebaut 20.11. Unigrà S.r.l. 20.12. Blommer Chocolate Company 20.13. CEMOI 20.14. HERZA Schokolade GmbH & Co. KG.
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Gourmand Fragrance Market
