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The fragrance market looks brighter with new releases for Spring 2011.
April 5, 2011
By: Melissa Meisel
There’s nothing like spritzing on a fresh new scent to usher in the warm, sunny days of springtime. As heavy knits are traded in for cotton blends and short sleeves replace bulky jackets, consumers are also swapping out their fragrances for lighter, sparkling variations. And for Spring 2011, there is a dazzling assortment of new juices to complement the flirty looks seen on the fashion runways. Marketers are ready for fragrance’s return to the beauty forefront, finally. Prestige fragrance sales rose 1% to $2.5 billion in 2010, marking its first gain since 2006, according to The NPD Group, a market research firm based in Port Washington, NY. The number of fragrance launches rose 3%, driven by men’s fragrance rollouts. “In 2010, prestige beauty saw a late-year rally in fragrance,” said Karen Grant, vice president and senior global industry analyst, The NPD Group. “Individually and collectively, as an industry, we saw adroitly and strategically deployed initiatives in product, placement and pricing that worked to re-engage consumers in prestige, both in stores and online. It is the type of multi-pronged and multi-faceted action that will be key to driving the prestige beauty market in 2011.” While factors influencing fragrance purchase for women, such as price, celebrity endorsement or season may be well-known, latest research from Mintel reveals that the biggest influence may not be a fixed factor. It seems mood is now the most popular motivator of fragrance choice for women, as more than half (54%) of female fragrance users decide what fragrance to use based on how they’re feeling.
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