The global fragrance ingredients market is anticipated to grow at a considerable CAGR of 5.0% during the forecast period (2021-2027). Increased inclusion of fragrance ingredients in cosmetics and toiletries, as well as rise in demand for fine fragrances and perfumes in emerging economies will propel the market growth. For instance, China is a very promising market for perfumery and is set to become the world’s 2nd largest perfume market by 2030 as per the Euromonitor. The industry particularly stands out because of its unique olfactory ingredients, derived directly from the country’s nature. Ingredients such as green and black tea, ginseng, jasmine, ginkgo, ginger, or even carnation are especially popular with consumers. Moreover, the increased awareness of the harmful effects of chemicals on the skin influences demand for natural and fragrance ingredients.
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Continuous product innovations in cosmetics and toiletries have driven the fragrance ingredients market in order to increase and retain consumer base. Fragrance is one of the most important factors a consumer considers when purchasing cosmetics and toiletries, so fragrance ingredients play an important role in the formulation of these products. The growing popularity of herbal fragrances, as well as increased spending on fragrant cosmetics, will drive market growth in the anticipated period. Manufacturers of fragrance ingredients are replacing synthetic constituents with more effective, safer and natural products such as fruits, flowers, and spices. Despite the fact that substitutes are more expensive, consumers are willing to pay more for non-toxic products, propelling industry growth.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- BASF SE, Firmenich SA, Givaudan, IFF, MANE Group, Allan Chemical Corp., Amyris Clean Beauty, Inc., Bell Flavors & Fragrances, Hassinger & Company, Inc., Chemical Store, Inc, Fine Fragrances Pvt Ltd., Kalpsutra Chemicals Pvt. Ltd. and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Fragrance Ingredients Market Report By Segment
By Type
• Natural Ingredients
• Synthetic Ingredients
By Application
• Cosmetics and Toiletries
• Fine Fragrances
• Soaps and Detergents
• Others ( Household products, aromatherapy)
Global Fragrance Ingredients Market Report By Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa