According to the prediction of Bezex Consulting, by 2028, the global market size of high-end niche perfume is expected to reach 66.71 billion dollar

Apr, 16. 2024 | 284 View

 

 

Realize differentiated competition: niche perfume usually have unique fragrance and brand positioning, which can form a clear difference from popular perfume. By offering unique products, newly established brands can attract consumers who pursue personalization and uniqueness, thereby finding their foothold in the fiercely competitive market.

Establishing brand image: can create a unique brand image and values. For example, by emphasizing the quality of raw materials, exquisite craftsmanship, or the story behind the brand, emotional connections can be established with consumers to enhance the brand’s attractiveness and sense of identity. And there is a lot of room for product innovation, which can be achieved in areas such as fragrance and packaging.


High consumer loyalty: once consumers find a niche perfume suitable for themselves, they may have high loyalty to the brand. Because these perfume are often difficult to find elsewhere, consumers are more willing to continue to buy products of the same brand.

 

 

Large product innovation space: There is greater innovation space in the research and development of fragrance. You can try novel combinations and formulas to introduce unique aromas and meet consumers’ needs for freshness and creativity.

 

 

Adapt to market changes: the niche perfume market is relatively small, and newly established brands can more flexibly respond to changes in market demand. We can quickly adjust our product strategy and launch new products that align with market trends.

 

 

Brand Story and Culture: Have the opportunity to tell your unique brand story and culture. This can increase the attractiveness and added value of the brand, making it easier for consumers to generate emotional resonance.

 

 

 

 

 

Accurate targeting of target customers: Focusing on specific consumer groups, being able to better understand their needs and preferences, and providing products and services that better meet their needs.

 

 


Social media communication advantages:  Consumers are often more willing to share and recommend niche products on social media, which provides favorable conditions for brand communication and promotion.

 

 

 

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