Page 41 - EM PERFUMERY EDITION SUPPLEMENT
P. 41

REPORT







          And that’s not all, the Brazilian fragrance market is poised for   Granado: A Legacy Brand
          significant  growth  over  the  next  decade,  driven  by  increasing   Embracing Modern Perfumery
          consumer demand and evolving market dynamics. The predicted   One of the standout names in Brazilian perfumery is Granado, a
          market size and growth for the fragrance sector in Brazil is   historic brand founded in 1870. Though primarily known for its
          expected to expand at a compound annual growth rate (CAGR)   pharmaceutical and personal care products, Granado ventured
          of 6.05% between 2025 and 2029, reaching an estimated market   into  the  fragrance  market  only  five  years  ago.  Despite  its  late
          volume of US$10.90 billion by 2029, with a strong focus on the   entry, the brand’s perfumes have gained significant market share
          growth  of  premium  fragrance.  These  projections  underscore   in retail sales in Brazil, and is rapidly expanding internationally.
          a robust growth trajectory for Brazil's fragrance industry,
          with a notable shift towards natural and premium products.
          Factors such as rising disposable incomes, increased consumer
          awareness of global beauty trends, and a growing preference for
          eco-friendly and high-quality fragrances are expected to drive
          this expansion. Additionally, the integration of e-commerce
          and digital marketing strategies, including collaborations with
          beauty  influencers,  is  likely  to  further  propel  market  growth
          by enhancing accessibility and consumer engagement. Overall,
          the Brazilian fragrance market is set to maintain its position as
          a significant player on the global stage, with sustained growth
          and diversification across various segments in the coming years.
                                                                      Granado’s approach to perfumery emphasizes storytelling,
          The Evolution of Brazil’s Fragrance Market                  utilising native Brazilian ingredients to craft unique fragrances

          Historically, Brazil’s fragrance market was dominated by mass-  that  resonate with  consumers  worldwide.  Its  iconic creations
          market products, often focusing on affordability and accessibility.   such as Époque Tropical and Boemia celebrate Brazil’s cultural
          The early players in the Brazilian fragrance industry catered   heritage and biodiversity. Granado’s success demonstrates how
          primarily  to  the  local  audience,  emphasizing  light,  refreshing   a legacy brand can reinvent itself by embracing contemporary
          scents ideal for the country’s tropical climate. Over time, however,   trends while staying true to its roots.
          the market evolved, influenced by changing consumer preferences   This reinvention is further supported by Granado’s innovative
          and  global  trends.  Today,  Brazil’s  fragrance  sector  generates   marketing strategies. By leveraging partnerships with
          approximately R$ 37.5 billion (USD 7.5 billion) annually, with an   influencers and participating in international fragrance fairs, the
          impressive 78% of the population regularly using  perfumes.  brand ensures its message resonates with both domestic and
          This shift reflects the broader transformation of Brazil’s beauty   international audiences. Notable collaborations include working
          industry, which now embraces niche perfumery, sustainability,   with Brazilian influencers such as Camila Coelho, a global beauty
          and storytelling through scent. A shining example of  this   icon, and Vic Ceridono, renowned for her expertise in beauty and
          transformation is Amyi, a native digital Brazilian niche perfumery   fashion. These partnerships have amplified Granado’s visibility
          brand founded in 2019 by Larissa Mota, Paula Penna, and Luciana   and connected the brand with a diverse consumer base.
          Guidi. Known for its creative freedom given to local perfumers   The integration of Brazilian culture into its branding—through
          and  its  use  of  noble  ingredients  to  craft  high-quality,  gender-  packaging,  narratives,  and  scent  compositions—offers  a
          free fragrances,  Amyi  has  revolutionised  the  market  through   distinctive edge in a crowded market.
          technological innovation. Its Amyi Experience, an online platform
          enabling consumers to explore and personalize their olfactory   The Role of Sustainability and Innovation
          preferences,  offers  a  unique  sensory  journey  that  exemplifies   Sustainability  has become  a cornerstone  of  the  Brazilian
          the growing sophistication of Brazilian fragrance offerings.  fragrance  industry.  Brands  like  Natura  and  Granado  are
                                                                      leading  the  way  by  incorporating  eco-friendly  practices  and
                                                                      natural  ingredients  into  their  products.  Granado’s  recent
                                                                      acquisition of Care Natural Beauty underscores the growing
                                                                      demand for clean and sustainable cosmetics. Care’s focus on
                                                                      biotechnological  ingredients  and  environmentally  conscious
                                                                      formulations  aligns  with  global  market  trends,  highlighting
                                                                      Brazil’s  commitment  to  innovation.Brazil’s  commitment  to
                                                                      sustainability extends beyond ingredient sourcing.

                                                                                                                            39
   36   37   38   39   40   41   42   43   44   45   46