IFF Unveils China Scent Exploration Program to Drive Next-Generation Fragrance
Rhea-AI Summary
IFF (NYSE: IFF) has launched the China Scent Exploration Program, a consumer learning initiative aimed at creating unique fragrances for the Chinese market. This program leverages IFF's long-standing regional expertise, which began in 1981, and combines artificial intelligence with deep cultural insights.
According to Ana Paula Mendonça, President of Scent at IFF, the Chinese fragrance market offers significant opportunities. The program targets a market that includes fine fragrance ($2.15 billion), beauty and personal care ($77.35 billion), and home care ($18 billion).
The program is structured around four strategic pillars:
- Historical and cultural imprint: Analyzes traditional fragrance ingredients for modern use.
- Sensorial influences: Researches cultural and botanical references to develop authentic scent profiles.
- Consumer insights: Surveys 10,000 people across various cities and generations, monitoring social media trends.
- Artificial intelligence: Translates insights into precise fragrance creation guidelines.
Arnaud Montet, VP of Global Human & Consumer Insights, stated that this large-scale research enables targeted fragrance development, reducing time and costs.
The initiative addresses key market challenges, such as evolving consumer preferences and the need for culturally authentic fragrances, enhancing IFF's ability to guide strategic decisions and create tailored scents for the Chinese market.
Positive
- Launch of China Scent Exploration Program leverages AI and cultural insights.
- Targets a large, diverse market including fine fragrance ($2.15 billion), beauty and personal care ($77.35 billion), and home care ($18 billion).
- Surveys 10,000 people across multiple cities and generations to capture consumer preferences.
- Aims to reduce development time and costs through targeted fragrance creation.
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, IFF declined 0.59%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
New initiative leverages AI and cultural insights to create unique fragrances for Chinese consumers, enhancing brand success.
"The Chinese fragrance market represents one of our industry's most exciting opportunities," said Ana Paula Mendonça, president, Scent, IFF. "By combining artificial intelligence with deep cultural insights for the first time, we're transforming fragrances development in this dynamic market, unlocking unique opportunities for both global and local brands."
Serving a market that spans fine fragrance (
The program is built on four strategic pillars:
- Historical and cultural imprint: Analyzes the longstanding and diverse use of traditional fragrance ingredients and to understand how they might be integrated into modern products.
- Sensorial influences: Conducts extensive research on cultural and botanical references, and olfactive analysis of iconic Chinese ingredients to develop authentic scent profiles and unique storytelling to the brand and consumers.
- Consumer insights: Surveys 10,000 people across multiple cities and various generations from Gen X to Gen Z, while monitoring social media trends to capture emerging preferences.
- Artificial intelligence: Translates gathered insights into precise fragrance creation guidelines.
"Our research captures consumer opinions from tier-1 cities to emerging markets," said Arnaud Montet, vice president of Global Human & Consumer Insights, Scent, IFF. "This unprecedented scale of insights enables us to help brands develop targeted fragrances for specific regions and demographics, reducing development time and costs significantly."
The China Scent Exploration Program tackles key market challenges, such as the evolving preferences of Chinese consumers and the need for culturally authentic fragrances. As part of IFF's global market programs, this initiative enhances the company's ability to guide strategic decisions and design purposeful scents, helping brands create successful, tailored signatures for the Chinese market.
The program complements IFF's broader commitment to the region, including its Shanghai Creative Center, a 16,000 square-meter facility in Shanghai Hongqiao Airport Business Park that is now IFF's largest site in
[1] IFF Scent proprietary research conducted by Euromonitor International, 2023 |
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Contact:
Judith Gross
VP, Communication and Branding, Scent
+33630097462
judith.gross@iff.com
SOURCE IFF
