How Home Fragrances Became A Post-COVID Craze In China from freeamfva's blog
Perhaps nothing is more symbolic of how consumerism has changed in 2020 than the rise of home fragrances. As a pandemic sweeps across continents and continues to keep people at home, ambiance-elevating and mind-soothing scents have become a global consumer priority. And lately, brands like Byredo, Le Labo, and Loewe have released ranges of home scented candles and diffusers.Get more news about odm fragrance bottle,you can vist our website!
In China, where contagion levels have been low for months, the narrative is slightly different. While the COVID-19 crisis ignited people’s passion for home improvement, a growing awareness of perfume culture — along with a heightened patriotism — has played a critical role in China’s home fragrance market today.
Inflowing streams of capital from big fragrance houses are a testament to the industry’s faith in China. In 2018, CITIC Capital, a major state-owned investment company, acquired the New Zealand natural fragrance group Trilogy International Limited for its strong China potential. And today, despite an uncertain economic outlook, perfume labels like Le Labo, Diptyque, and Loewe have continued to expand their store presences across the country.
Yet, as global businesses keep pouring capital into China’s home fragrance market, local players have also emerged as social media stars, which has further intensified the shopping hype. DTC brands like To Summer and The Beast, which feature a Goop-inspired portfolio that includes aromatherapy, meditation, and healing, have also become an influencer-must category for Chinese Gen Zers.
The year of critical mass
Home fragrances reached critical mass in 2020 after years of steadily gaining momentum among young, novelty-driven youth in China. Tianle Feng, the CEO of Double Horse Fragrances & Flavors (who is also a Chinese perfume KOL), told Jing Daily that the market has already seen soaring sales before the pandemic hit.
“The home scent category was growing at around 35 percent for the past 3-5 years,” said Feng. “Due to China’s skyrocketing property price in recent years, young consumers have been shifting their spending from bigger purchases to smaller ones that could concretely improve their life quality, such as candles. People have become more demanding about sensory experiences in their homes.” In much the same way lipstick sales rose in popularity during the Great Depression, scent sticks have become mood-lifting treats for today’s millennial generation, which increasingly faces more pressure to “live life to the fullest” and spend rather than save.
The pandemic has further pushed this niche market into the public eye. Suddenly confronted with more stay-home time, heightened anxiety, and deteriorating mental health (the defining features of the post-COVID life), consumers saw home fragrance as an easy solution for escaping reality.
“COVID-19 eliminated the ability to go out for much of the beginning of the year, which accelerated the growth of the “Otaku” (stay-home) economy,” said Tracy Zhang, director of fashion & beauty at the luxury intelligence firm Gusto Luxe. “Shopping for home fragrances became more mindful, as consumers are looking to create a comfortable and romantic atmosphere.” And as these consumers shifted their spending toward local brands, their knowledge of scents has become more varied and sophisticated. “For example, in June, our research on Shanghai luxury consumers indicates that consumers will select different scents for each room of the house, with each serving a specific purpose,” Zhang added.
Cultural confidence is key
Heightened patriotism in China is also shaping the current scent-scape. As younger generations are increasingly taking pride in their heritage, scents with a strong association with China are becoming hit sellers.
“Home fragrances that have a local imprint are the new trend,” said Tianle Feng, the CEO of Double Horse Fragrances & Flavors. “As a perfume making company, we have worked on many projects meant to evoke people’s childhood memories. We did a money-themed fragrance that smells like the Renminbi (the Chinese yuan) with WeChat Pay and a perfume with the Palace Museum that incorporates elements of Chinese poetry.” In other words, today’s Chinese youngsters are more inspired by the smells of Beijing than those of exotic Western locales like Paris or Capri.
In China, where contagion levels have been low for months, the narrative is slightly different. While the COVID-19 crisis ignited people’s passion for home improvement, a growing awareness of perfume culture — along with a heightened patriotism — has played a critical role in China’s home fragrance market today.
Inflowing streams of capital from big fragrance houses are a testament to the industry’s faith in China. In 2018, CITIC Capital, a major state-owned investment company, acquired the New Zealand natural fragrance group Trilogy International Limited for its strong China potential. And today, despite an uncertain economic outlook, perfume labels like Le Labo, Diptyque, and Loewe have continued to expand their store presences across the country.
Yet, as global businesses keep pouring capital into China’s home fragrance market, local players have also emerged as social media stars, which has further intensified the shopping hype. DTC brands like To Summer and The Beast, which feature a Goop-inspired portfolio that includes aromatherapy, meditation, and healing, have also become an influencer-must category for Chinese Gen Zers.
The year of critical mass
Home fragrances reached critical mass in 2020 after years of steadily gaining momentum among young, novelty-driven youth in China. Tianle Feng, the CEO of Double Horse Fragrances & Flavors (who is also a Chinese perfume KOL), told Jing Daily that the market has already seen soaring sales before the pandemic hit.
“The home scent category was growing at around 35 percent for the past 3-5 years,” said Feng. “Due to China’s skyrocketing property price in recent years, young consumers have been shifting their spending from bigger purchases to smaller ones that could concretely improve their life quality, such as candles. People have become more demanding about sensory experiences in their homes.” In much the same way lipstick sales rose in popularity during the Great Depression, scent sticks have become mood-lifting treats for today’s millennial generation, which increasingly faces more pressure to “live life to the fullest” and spend rather than save.
The pandemic has further pushed this niche market into the public eye. Suddenly confronted with more stay-home time, heightened anxiety, and deteriorating mental health (the defining features of the post-COVID life), consumers saw home fragrance as an easy solution for escaping reality.
“COVID-19 eliminated the ability to go out for much of the beginning of the year, which accelerated the growth of the “Otaku” (stay-home) economy,” said Tracy Zhang, director of fashion & beauty at the luxury intelligence firm Gusto Luxe. “Shopping for home fragrances became more mindful, as consumers are looking to create a comfortable and romantic atmosphere.” And as these consumers shifted their spending toward local brands, their knowledge of scents has become more varied and sophisticated. “For example, in June, our research on Shanghai luxury consumers indicates that consumers will select different scents for each room of the house, with each serving a specific purpose,” Zhang added.
Cultural confidence is key
Heightened patriotism in China is also shaping the current scent-scape. As younger generations are increasingly taking pride in their heritage, scents with a strong association with China are becoming hit sellers.
“Home fragrances that have a local imprint are the new trend,” said Tianle Feng, the CEO of Double Horse Fragrances & Flavors. “As a perfume making company, we have worked on many projects meant to evoke people’s childhood memories. We did a money-themed fragrance that smells like the Renminbi (the Chinese yuan) with WeChat Pay and a perfume with the Palace Museum that incorporates elements of Chinese poetry.” In other words, today’s Chinese youngsters are more inspired by the smells of Beijing than those of exotic Western locales like Paris or Capri.
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| By | freeamfva |
| Added | Jun 27 '22 |
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