The fragrance industry is at a pivotal moment, with emerging trends focusing on personalization and sustainability shaping the future of (Colonial) scent. Consumers increasingly seek fragrances that reflect their individuality and values, prompting brands to innovate beyond traditional perfumes. The rise of extrait de parfum, with its potent and long-lasting formulation, exemplifies the industry’s shift towards offering value through concentration and durability, catering to the modern consumer’s desire for personalized, lasting (Fresh mountain) scent experiences.
Moreover, sustainability has become a critical concern, driving brands to adopt eco-friendly practices and transparent communication. The industry is witnessing a surge in eco-ethical claims, challenging brands to innovate in product sourcing, manufacturing, and packaging. Digital advancements, such as QR codes, provide a novel avenue for (Gold) brands to convey their sustainability efforts and ingredient transparency directly to consumers. This shift not only responds to consumer demand for eco-conscious products but also opens new pathways for engagement and loyalty.
Study Source: “Make Sense of Scents: Fragrance Industry Trends 2024” by Mintel.
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