Global Scent Sprays Market to Grow at a CAGR of +5.6% through 2030

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The scent spray market is anticipated to continue an upward consumption trend, with market performance forecasted to expand at a CAGR of +5.6% from 2024 to 2030, reaching a volume of 818K tons by the end of 2030. In terms of value, the market is expected to grow with a CAGR of +7.6%, reaching $12.1B by 2030.

Market Forecast

Driven by increasing demand for scent sprays worldwide, the market is expected to continue an upward consumption trend over the next six years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +5.6% for the period from 2024 to 2030, which is projected to bring the market volume to 818K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.6% for the period from 2024 to 2030, which is projected to bring the market value to $12.1B (in nominal wholesale prices) by the end of 2030.

Consumption

World Consumption of Scent Sprays

After eight years of growth, consumption of scent sprays decreased by -4.2% to 591K tons in 2024. Overall, consumption, however, enjoyed buoyant growth. Global consumption peaked at 617K tons in 2023, and then fell slightly in the following year.

The global scent spray market size reduced to $7.8B in 2024, which is down by -2.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, enjoyed a remarkable increase. Over the period under review, the global market hit record highs at $8.1B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2024 were China (114K tons), the United States (104K tons) and India (53K tons), together accounting for 46% of global consumption. Turkey, Indonesia, Vietnam, Mexico, Spain, Japan and Germany lagged somewhat behind, together accounting for a further 23%.

From 2013 to 2024, the biggest increases were recorded for Turkey (with a CAGR of +16.0%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest scent spray markets worldwide were the United States ($1.5B), China ($1B) and Japan ($779M), together comprising 42% of the global market. Spain, Vietnam, Germany, Mexico, Indonesia, India and Turkey lagged somewhat behind, together comprising a further 24%.

Germany, with a CAGR of +13.7%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of scent spray per capita consumption in 2024 were Spain (363 kg per 1000 persons), Turkey (311 kg per 1000 persons) and the United States (306 kg per 1000 persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Turkey (with a CAGR of +14.7%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Scent Sprays

Global scent spray production expanded slightly to 570K tons in 2024, surging by 1.7% compared with the previous year's figure. Over the period under review, production showed a prominent expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Global production peaked at 580K tons in 2022; however, from 2023 to 2024, production failed to regain momentum.

In value terms, scent spray production reached $7.8B in 2024 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 26% against the previous year. Global production peaked at $7.9B in 2022; however, from 2023 to 2024, production failed to regain momentum.

Production By Country

China (194K tons) remains the largest scent spray producing country worldwide, accounting for 34% of total volume. Moreover, scent spray production in China exceeded the figures recorded by the second-largest producer, the United States (92K tons), twofold. India (45K tons) ranked third in terms of total production with a 7.9% share.

From 2013 to 2024, the average annual rate of growth in terms of volume in China stood at +9.2%. In the other countries, the average annual rates were as follows: the United States (+8.5% per year) and India (+9.9% per year).

Imports

World Imports of Scent Sprays

Global scent spray imports reduced to 132K tons in 2024, falling by -13.2% on 2023. In general, total imports indicated a tangible increase from 2013 to 2024: its volume increased at an average annual rate of +4.6% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports increased by +1.2% against 2022 indices. The growth pace was the most rapid in 2020 when imports increased by 28%. Over the period under review, global imports hit record highs at 153K tons in 2023, and then reduced in the following year.

In value terms, scent spray imports dropped to $1.3B in 2024. The total import value increased at an average annual rate of +3.3% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 13%. Over the period under review, global imports hit record highs at $1.4B in 2023, and then shrank in the following year.

Imports By Country

In 2024, Turkey (21K tons), followed by the United States (13K tons), Indonesia (11K tons), India (8.5K tons) and Spain (8.2K tons) represented the main importers of scent sprays, together making up 46% of total imports. France (5.8K tons), the UK (5.1K tons), Colombia (3.8K tons), Russia (3.2K tons) and Morocco (3K tons) followed a long way behind the leaders.

From 2013 to 2024, the biggest increases were recorded for Morocco (with a CAGR of +26.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($170M), Spain ($134M) and France ($105M) appeared to be the countries with the highest levels of imports in 2024, together accounting for 32% of global imports. The UK, Turkey, India, Russia, Colombia, Indonesia and Morocco lagged somewhat behind, together comprising a further 21%.

Morocco, with a CAGR of +18.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

In 2024, the average scent spray import price amounted to $9,616 per ton, with an increase of 4.8% against the previous year. Overall, the import price, however, saw a slight slump. The pace of growth appeared the most rapid in 2022 an increase of 11%. Global import price peaked at $12,148 per ton in 2018; however, from 2019 to 2024, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was France ($18,109 per ton), while Indonesia ($1,368 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the UK (+8.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Scent Sprays

In 2024, overseas shipments of scent sprays were finally on the rise to reach 111K tons after three years of decline. Over the period under review, total exports indicated a moderate increase from 2013 to 2024: its volume increased at an average annual rate of +3.2% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 59%. The global exports peaked at 142K tons in 2020; however, from 2021 to 2024, the exports stood at a somewhat lower figure.

In value terms, scent spray exports shrank modestly to $1.4B in 2024. The total export value increased at an average annual rate of +1.2% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 31% against the previous year. As a result, the exports attained the peak of $1.6B. From 2021 to 2024, the growth of the global exports failed to regain momentum.

Exports By Country

China dominates exports structure, amounting to 80K tons, which was approx. 72% of total exports in 2024. It was distantly followed by Italy (5.9K tons), generating a 5.3% share of total exports. Spain (3.7K tons), the Czech Republic (3.2K tons), France (3K tons), Germany (2.8K tons) and Mexico (2.3K tons) took a minor share of total exports.

China was also the fastest-growing in terms of the scent sprays exports, with a CAGR of +7.7% from 2013 to 2024. At the same time, Mexico (+3.2%) and Spain (+2.4%) displayed positive paces of growth. The Czech Republic experienced a relatively flat trend pattern. By contrast, Italy (-4.4%), France (-5.3%) and Germany (-6.1%) illustrated a downward trend over the same period. From 2013 to 2024, the share of China increased by +27 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($735M) remains the largest scent spray supplier worldwide, comprising 53% of global exports. The second position in the ranking was taken by Italy ($143M), with a 10% share of global exports. It was followed by France, with a 9.4% share.

From 2013 to 2024, the average annual growth rate of value in China amounted to +8.2%. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (-3.3% per year) and France (-7.7% per year).

Export Prices By Country

In 2024, the average scent spray export price amounted to $12,401 per ton, with a decrease of -18.1% against the previous year. Overall, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44% against the previous year. As a result, the export price attained the peak level of $22,321 per ton. From 2017 to 2024, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($42,790 per ton), while the Czech Republic ($5,741 per ton) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Spain (+7.7%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform