Olfactory-induced emotion plays an important role in communication, decision-making, multimedia, and disorder treatment. Using electroencephalogram (EEG) technology, this paper focuses on (1) exploring the possibility of recognizing pleasantness induced by different concentrations of odors, (2) finding the EEG rhythm wave that is most suitable for the recognition of different odor concentrations, (3) analyzing recognition accuracies with concentration changes, and (4) selecting a suitable classifier for this classification task. To explore these issues, first, emotions induced by five different concentrations of rose or rotten odors are divided into five kinds of pleasantness by averaging subjective evaluation scores. Then, the power spectral density features of EEG signals and support vector machine (SVM) are used for classification tasks. Classification results on the EEG signals collected from 13 participants show that for pleasantness recognition induced by pleasant or disgusting odor concentrations, considerable average classification accuracies of 93.5% or 92.2% are obtained, respectively. The results indicate that (1) using EEG technology, pleasantness recognition induced by different odor concentrations is possible; (2) gamma frequency band outperformed other EEG rhythm-based frequency bands in terms of classification accuracy, and as the maximum frequency of the EEG spectrum increases, the pleasantness classification accuracy gradually increases; (3) for both rose and rotten odors, the highest concentration obtains the best classification accuracy, followed by the lowest concentration.