Researchers found that older men with a poor sense of smell were more likely to develop the disease compared to women.
"One of the key differences in our study was we followed older white and black participants for an average of about 10 years, much longer than any other previous study," said Honglei Chen, from Michigan State University in the US.
The relationship between smell and Parkinson's risk in black participants also appeared not as strong as in the white participant group, he added.
"Previous studies have shown that black people are more likely to have a poor sense of smell than whites and yet may be less likely to develop Parkinson's disease," said Chen.
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"We found no statistical significance for a link between poor sense of smell and Parkinson's disease in blacks, but that may have been due to the small sample size and more research is needed," he added.
Based on their scores, participants were divided into three groups - poor sense of smell, medium and good.
Researchers then monitored participant health through clinical visits and phone interviews for more than a decade.
Overall, 42 people developed Parkinson's during the study including 30 white people and 12 black people.
People with poor sense of smell were nearly five times more likely to develop the disease than people with a good sense of smell.
Researchers also discovered that the results stayed the same after adjusting for other factors that could affect risk including smoking, coffee intake and history of head injury.