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Introduction

The fragrance market, valued at USD 50.85 billion in 2022, is projected to grow at an annual rate of 3.08%, with 72% of sales expected to be non-luxury by 2024. The document outlines key market insights, including the dominance of the premium segment and the top countries in fragrance sales and exports. Additionally, it presents a customer persona, SWOT analysis, and marketing recommendations for a new unisex perfume brand.
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0% found this document useful (0 votes)
46 views23 pages

Introduction

The fragrance market, valued at USD 50.85 billion in 2022, is projected to grow at an annual rate of 3.08%, with 72% of sales expected to be non-luxury by 2024. The document outlines key market insights, including the dominance of the premium segment and the top countries in fragrance sales and exports. Additionally, it presents a customer persona, SWOT analysis, and marketing recommendations for a new unisex perfume brand.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

ANALYTICAL

Non Luxury Luxury

FRAGRANCE
100

80

MARKET
60

40

ANALYSIS 20

0
2018 2019 2020 2021 2022 2023 2024 2025

Data: The market growth is attributed to: Product insights:


Valued at USD 50.85 billion in 2022 Increasing demand for luxury and exotic The premium segment contributed to the
Expected to exhibit an annual growth rate fragrances largest revenue share of over 55% in
of 3.08%. Increasing consumer spending on 2022.
72% of total sales by 2024 will be Non- premium and luxury fragrances. Greater emphasis on quality,
Luxury. High-income level and improving living personalization, and exclusivity.
standards
FRAGRANCE MARKET ANALYSIS
TOP 5 (2022)
1. UNITED STATES
2. BRAZIL
3. FRANCE
4. UNITED KINGDOM
5. GERMANY

TOP 5 (2023) TOP 5 (2024)


1. UNITED STATES 1. UNITED STATES
2. BRAZIL 2. BRAZIL
3. FRANCE 3. FRANCE
4. UNITED KINGDOM 4. UNITED KINGDOM
5. RUSSIA 5. RUSSIA

In 2022, the top exporters of Perfumes were France In 2022, the top importers of Perfumes were United
($7.24B) States ($2.82B)
HISTORY OF THE BRAND
2015 2019
Collaborated with NikeLab Continued to collaborate
2009
with Nike, creating Sacai
First runway show at
sneakers
Paris Fashion Week

1999 2011 2017 2023


Founded by Chitose Abe First flagship store in Collaborated with Prominent force in the
Minamiaoyama, Tokyo The North Face fashion industry
Externalization KAPFERER PRISM
Physique
-Innovative designs
-Hybrid Esthetique and pieces
-High quality fabrics and materials

Relationship
-Unique looks
-Innovation and creativity

Reflection
-Pushing the boundaries
-Experimental
-Collaborative
Internalization KAPFERER PRISM
Personality
-Unique
-Avant-garde
-Innovative
-Individuality

Culture
-Diversity
-Craftsmanship
-Global perspective

Self-Image
-I am a proud creative
-I am unique
-I am practical
-I am bold
CUSTOMER PERSONA
PERSONAL BIO PERSONALITY

A successful Luxury real Estate designer Independent


Passionate advocate for art and culture. Creative
Believes in shaping society’s narrative. Introverted
Buy high-quality and unique luxury items. Extrovert
Bold

BUYING BEHAVIOUR HOBBIES


Art
Archetype: Frequent buyer
Traveling
Decision drivers: Quality, exclusivity, style, sustainable
ELIANA Thrifting
House hunting
Age: 33 FAVOURITE BRANDS
Gender: Female
Income: €15,000/month Maison Margiela
Occupation: Luxury Real Comme des Garçon
Estate Designer
Arcana Archieve
Location: Paris 11e
Soloman
POSITIONNING MAP
NICHE MARKET

Our new bottle of perfume will be based


on 1-unique unisex bottle (specialization)

Keeping the strong emotional connection


of the brand towards its consumers
POSITIONNING MAP
PERCEPTUAL MAP High Luxury

Serges lutens
Cèdre (woody)
Selective Market Niche Market

The different company


Charmes et feuilles (woody)

Affordable Luxury
SWOT

WEAKNESSES
STRENGTHS Strong competitive market
Unique and innovation brand
image S W against brands which are
already implanted
Limited physical locations
Distribution channels

OPPORTUNITIES THREATS
Products portfolio extension
Increase of consumers
willingness to have unisex
O T Regulatory labelling and
ingredients

and less perfumes option


RECOMMENDATION
“Yūgen: An awareness of the Universe that triggers
emotional responses too deep and powerful for words

An important concept in traditional Japanese aesthetics.


The exact translation of the word depends on the
context. Yūgen is not an allusion to another world. It is
about this world, this experience…
OLFACTORY PYRAMID
MAGICAL

HEAD
SENSUAL
Raspberry Cinnamon Prune
SEDUCTIVE

HEART
MYSTERIOUS

Amber Musc Bois de cachemire


INTENSE

RICH BASE

Vanilla Cedarwood Matcha

WOODY SPICY ORIENTAL


PROFESSIONAL NOSE
Christine Nagel

Director of olfactive creation at Hermès Parfums


Created Jo Malone Wood Sage & Sea Salt
Created unisex perfume, Eau de Cartier
Won the Fragrance Foundation France Award
Worked for Firmenich & Fragrance Resources
Her perfumes are characterized by elegance, subtlety,
attention to detail
4P Price
4P

DISTRIBUTION NICHE MARKET

SELECTIVE DEPARTMENT STORE

ONLINE PLATFORMS

POP-UPS
4P

COMMUNICATION

Pop-up store enhances the architectural


style of the brand.

Presenting the store as an art museum


(sketches of the clothes and the perfumes,
paintings).

yūgen
4P

COMMUNICATION
Providing consumers look books of our
collection as pieces of art with descriptions.

Consumers will have the opportunity to have


a smelling session to recognize different
kinds of smells (cinnamon, vanilla)
4P
INFLUENCER
Launched her YouTube channel at 16

Podcast “Anything Goes with Emma Chamberlain”

Her secret sauce is authenticity and relatability

Top influencer at the Met Gala, ~ $16 million in value

Featured in Vogue, Forbes, Time Magazine & Cosmopolitan

Worked with Louis Vuitton

Brand ambassador for Lancome - beauty& makeup

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