Fragrance Ingredients Market - Global Industry Analysis

Fragrance Ingredients Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Category: Consumer Goods Report Format : PDF Report Code: ZMR-1451 Status : Upcoming

Description

Global Fragrance Ingredients Market: Overview

Fragrance ingredients consist of synthetic and natural substances which when added to the products give them desired smell. They are actively used in products such as detergents, cosmetics, soaps, toiletries, and others. Fragrance ingredients are a combination of different chemicals which try and give fragrance that is similar to an aroma. These ingredients are extracted from natural or petroleum raw materials. Fragrances are extensively used in the personal care and other consumer products.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Fragrance Ingredients Market: Growth Factors

Growing demand for natural fragrances and consumer inclination for aromatic cosmetics & personal care products anticipate boosting the global fragrance ingredients market growth. Increasing consumer base, continuous product innovation, and rising demand for air fresheners such as aerosol sprays, room fresheners, and car air fresheners expect to propel the global market growth. Increasing importance and rise in the awareness regarding aromatherapy due to improved living standards gives rise to the market growth. Increasing use of fragrance ingredients in the household products such as scent sticks and candles fuel the global fragrance ingredients market. Technological advancements and increasing preferences for natural fragrances show a considerable growth in the market. Owing to globalization and urbanization, expanding the middle class, and improved disposable income the global market is showing a positive impact. Huge capital investment is required for R&D programs, increasing production cost, and increasing health concerns regarding allergies and skin problems hamper the fragrance ingredients market to some extent.

Global Fragrance Ingredients Market: Segmentation

The global fragrance ingredients market is categorized based on its application, type, and geography. The application segment is classified as fine fragrances, cosmetics & toiletries, soaps & detergents, and others. The soaps & detergent segment is the leading segment while cosmetics & toiletries are the second largest. The type segment is segregated into aroma chemicals and essential oils. The aroma chemicals segment is further sub-segmented into musk chemicals, terpenes, heterocyclic compounds, benzenoids, aliphatic, and others. The essential oils are further sub-segmented into citronella, orange, cedarwood, M. arvensis, eucalyptus, and others.

Global Fragrance Ingredients Market: Regional Analysis

Europe is the dominating region for fragrance ingredients across the globe followed by the North America. France, Switzerland, and Germany are major consumers of the fragrance ingredients due to its increased demand. Rising demand for fragrances such as deodorants, perfumes, and mists in the developing economies such as Asia Pacific and Latin America positively influence the market. Asia-Pacific is expected to show substantial growth owing to the improving standard of living and growing manufacturing industries in this region. Developing countries such as China and Japan accounted for the largest market share in Asia Pacific region whereas India anticipates growing at fastest rate in the future. Latin America is expected to witness significant growth in the near future owing to increasing demand for toiletries, soaps, and cosmetics. Increasing disposable income of consumers in Chile, Argentina, and Brazil has increased the market demand.

Global Fragrance Ingredients Market: Competitive Players

Major prominent players in the global fragrance ingredients market include BASF SE, Mane SA, Givaudan SA, Fermenich International SA, and International Flavors & Fragrances Inc.

Global Fragrance Ingredients Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

What Report Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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