Digital Perfume Market

Digital Perfume Market Size Survey Report – In a Glance

As per the survey report on global Digital Perfume Market, the market is projected to foresee a CAGR of 10.6% between 2024-2033, and further generate a market size of USD 2.5 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 1.3 billion revenue.

• The global Digital Perfume Market is projected to grow on account of growing healthcare sector.
• In Japan, the increasing use of virtual reality, can be attributed to the growth in the Digital Perfume Market.
• KDMI analyst’s growth analysis limited adoption to challenge the market growth.
• North America, having the highest market share in the Digital Perfume Market, is projected to dominate the global market.

Digital Perfume Market Analysis

Digital perfume is a technology that allows users to feel, transmit and receive perfumes with the help of the internet through hardware such as olfactory displays & scent generators to produce & deliver smells. Digital scent technology is used increasingly for identifying several medical situations, such as examining diseases with the help of breath analysis and therapeutic applications, such as stress relief & aroma therapy. The growing healthcare sector will propel the digital perfume market. As of 2022, the number of German hospitals was reported at 1893 units, increasing from 1887 units as of 2021. The total health investment in Canada is anticipated to increase by 2.8% as of 2023, after a meagre 1.5% expansion as of 2022. The growing healthcare spending will propel the growth of the healthcare industry, predicting the expansion of the digital perfume market. Affectiva, Aroma Bit, Inc., and Aromajoin Corporation are significant players in the global Digital Perfumes.

Analyst’s Observation on Japan Digital Perfume Market Survey

Virtual reality is altering the way perfume brands connect with their consumers. By generating educational, immersive and personalized experiences, virtual reality improves both online and in-store shopping experience. This technology fills the sensory gap, injecting life to fragrances in memorable & vivid ways and the VR technology is under continuous evolvement, its function in perfume exhibition showcases will only increase, providing novel opportunities for consumers and brands. VR guarantees that the fragrance world will never be similar again by redefining the borders of sensory marketing. The growing application of virtual reality in Japan predicts the growth of the Japanese digital perfume market. Japan is identified as a world ruler in VR/AR technology and has initiated the development of gaming software & hardware over several years. The VR/AR-related market investment in Japan is anticipated to increase from USD 1.29 billion as of 2018 to USD 1.78 billion as of 2019 & to USD 3.42 billion as of 2023. Renesas Electronics Corporation and Aromajoin Corporation are significant players in the Japanese Digital Perfume market.

Digital Perfume Market Growth Driver & Market Restraint

Growth Driver

Growth of food & beverage industry:

The launch of electronic noses into the food industry is envisioned for process monitoring, quality control and freshness evaluation. Artificial noses help food manufacturers record the food maturation such as vegetables, fruits or herbs from the time they are picked until the time they are applied. E-nose systems have been successfully used in fermented food & beverage applications along with machine learning algorithms. The European Union is the largest exporter of food and drinks and it is ahead of the China, United States, Brazil and China. Expenses on food registered for 12.9% of the United States households’ spending as of 2023, a surge from 12.8% as of 2022. The proportion of household expenses on food ranked 3rd behind transport and housing. The growing food & beverage industry is a primary growth driver of the digital perfume market.

Market restrains:

Restricted adoption:

The high cost of digital perfume technology serves as a considerable restraint to its market growth, specifically impacting accessibility for small and medium sized organizations and individual consumers. The restriction results in a tapering consumer base, abstaining industry expansion. The expenditure associated with the technology retains back innovation, discouraging R&D efforts, particularly among research institutions and small players.

Digital Perfume Market Segmentation

Our experts at KD Market Insights have segmented the global Digital Perfume Market research report as:

Digital Perfume Market Regional Synopsis

North America is expected to dominate the digital perfume market due to significant mergers & acquisitions. As of 2024, Amphenol Corporation announced that it has completed the acquisition or takeover of the Carlisle Interconnect Technologies businesses from Carlisle Companies Incorporated. The acquisition of CIT improves Amphenol’s product offerings for strongly engineered harsh ambience interconnect solutions and will allow them to distribute a more comprehensive technology to their consumers. Further, considerable investments in R&D by tech organizations in the United States will encourage digital perfume, such as Procter & Gamble optimise its fragrance efforts by launching scalable, AI-powered technology for enhanced malodor control. The fragrance design software enables P&G to have proper control over digital perfume creation, increasing speed to market and uplifting procedures across product advancement and design. The organization works with Moodify to revolutionize its fragrance efforts, tapping into smart algorithms to lead product innovation.

Asia Pacific is expected to be the fastest-growing region due to the development of some innovative novel projects in regions, such as Tokyo. The Digital Olfaction Society, a company emphasized on developing olfactory technology and digital scent communication, is leading an adventurous worldwide initiative to recreate and capture the scents of cities globally, bringing these experiences of olfactory to life in Tokyo. This innovative project aims to digitally archive and replicate the distinctive scents of several locations, providing a new way to discover worldwide cultures with the help of smell power. Further, the increasing incidence of the Asian Pacific region towards digitization is another growth driver of the digital perfume market. China has established a comprehensive action plan targeted to enhance the incorporation of digital technologies in business operations throughout the nation by 2026. Further, the country is the leading adopter and inventor of digital technologies, and it owns some of the largest digital organizations. South Korea has a reputation as a leading worldwide digital technology centre, and with its breakthrough information & communication technology infrastructure encouraging the world’s fastest tech-savvy consumers and internet speeds, the region is home to worldwide leading digital organizations, such as SK, Samsung, LG and Naver.

Regional Company Names

• Amphenol Corporation
• Honeywell International Inc
• Figaro Engineering Inc
• Electronic Sensor Technology

Digital Perfume Market Competitive Landscape

Some of the key players who top the global Digital Perfume Market share:

• The eNose company
• Electronic Sensor Technology
• Siemens (Germany)
• Aromajoin Corporation, Odotech, Inc.
• Alpha MOS (France)
• Figaro Engineering Inc (US)
• AMS AG
• Renesas Electronics Corporation (Japan)
• Amphenol Corporation (US)
• Scent Sciences Corporation
• ScentSational Technologies
• Smiths Detection Group Ltd
• AIRSENSE Analytics GmbH

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Digital Perfume Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Hardware
      2. By Application
      3. By End-Use
      4. By Region
5. Market Segmentation by Hardware
   1. E-noses
   2. Scent Synthesizers
   3. Others
6. Market Segmentation by Application
   1. Smart Phones
   2. Smelling Screens
   3. Music and Video Games
   4. Explosive Detectors
   5. Quality Control Products
   6. Medical Diagnostic Products
   7. Others
7. Market Segmentation by End-Use
   1. Food & Beverages
   2. Military & Defence
   3. Medical
   4. Marketing
   5. Environment Monitoring
   6. Entertainment
   7. Others
8. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use    
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      3. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
   2. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      2. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      3. France
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      4. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      5. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      6. Rest of Europe
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
   3. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      2. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      3. India
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      4. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      5. South Korea
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      6. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
   4. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      2. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      3. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      4. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
         3.               Market Analysis by Hardware, Application and End-Use           
   5. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      2. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      3. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
      4. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Hardware, Application and End-Use           
9. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
      1. Affectiva
      2. Aroma Bit, Inc.
      3. Aromajoin Corporation
      4. Fraunhofer IIS
      5. Kiwa Bio-Tech Products Group Corporation
      6. Owlstone Inc.
      7. Scentsy, Inc.
      8. Sensigent LLC
      9. Smiths Detection Group Ltd.
      10. The eNose
      11. Others
10. Strategic Recommendations
11. Appendix
    1. List of Tables
    2. List of Figures
12. References