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Trends: The World’s High-End Perfume Market is Booming

Niche perfumes are on a roll. All around the world, consumers seeking uniqueness are discovering these fragrances and are willing to spend money on them, as demonstrated by the successful Esxence show in Milan. The 2025 annual event welcomed almost 400 brands and 13,000 visitors, a clear sign of passion for this market. According to Julien Sausset, CEO of Parfums de Marly, niche perfumes now represent 12 to 15% of the world’s perfume market, with an annual growth rate reaching almost 12%, compared to 2 to 5% in selective networks. Furthermore, high-end perfumes accounted for 70% of new launches in 2023, influencing today’s perfume landscape significantly, as noted by Renaud Salmon, Creative Director of Amouage.

The market is complex and stratified, with artisanal perfumes taking on various forms, including both established icons and new independent brands. François Hénin, founder of Jovoy, observes that the boundaries with the selective network are becoming increasingly blurry. While the niche market has become dense, Coralie Frébourg, the founder of Versatile Paris, cautions against prioritizing marketing visuals and storytelling over the olfactory value that defines niche perfumes. Authentic branding and innovation are crucial to standing the test of time, as the increasing ease of entry into the market due to tools like AI complicates the landscape for lasting success.

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