The global demand for Fragrance Ingredients Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Fragrance ingredients are the various petroleum derivatives or natural raw materials that give the perfume or cologne its distinct scent. Some fragrance ingredients are animal products.Fragrance ingredients are used in perfumes to make them last longer, 'carry further,' or stay 'true' when worn on the skin. Fragrance ingredients are also used in several other products, like shampoos, shower gels, shaving creams, body lotions, and therapeutic treatment. They must meet the same safety requirements as other cosmetic ingredients. Fragrances significantly impact our olfactory sense, and the preferred set of ingredients can help boost human emotional states and even physical arousal.
Heightened consumer preferences towards personal care products and aromatic cosmetics will be the leading factors anticipated to boost this market's growth. An increase in demand for natural, eco-friendly, and custom-made fragrances is expected to propel market growth. Constant product innovations and increased product advertisements via social media will further drive market growth. The use of fragrance ingredients in other consumer products like air fresheners, cleaning agents, and aerosol sprays will expand this market's reach. The emerging popularity of aromatherapy among the urban community and increased use of essential oils will be a market booster. The various restraining factors hurting this market are higher costs, raw materials, health hazards due to chemical ingredients, and strict government regulations.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of fragrance ingredients.
The entire fragrance ingredients market has been sub-categorized into product and application. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Natural Ingredients
- Flower Based
- Fruit Based
- Wood Based
- Spice Based
- Synthetic Ingredients
- Musk Chemicals
- Fine Fragrances & Perfume
- Soaps & Detergents
This section covers regional segmentation which accentuates on current and future demand for fragrance ingredients market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Fragrance Ingredients Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the fragrance ingredients market include Firmenich International SA, BASF SE, Frutarom Industries Ltd., Givaudan SA, Treatt, Vögele Ingredients, Symrise, Synthite, Kalpa Sutra Chemicals, Ventos, Aarav F & F, Fine Fragrances Private Limited, Multiflora. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.