The Global Fragrance Ingredients Market is forecast to reach USD 22.18 Billion by 2027, according to a new report by Reports and Data. Fragrance ingredients consist of natural and synthetic substances which, when added to the products, provide them the desired smell. They are extensively used in products such as cosmetics, soaps, toiletries, detergents, and others. Fragrance ingredients are a mixture of different chemicals that provide fragrance that is similar to an aroma. These ingredients are extracted from petroleum or natural raw materials. Fragrances are actively used in personal care and other consumer products.
Rising demand for natural fragrances and consumer inclination for personal care products & aromatic cosmetics and boosting the global fragrance ingredients industry growth. Continuous product innovation, rising demand for air fresheners such as aerosol sprays, room fresheners, car air fresheners, and increasing consumer base expect to propel the global industry growth. The growing importance and rising awareness regarding aromatherapy owing to improved living standards drive the market growth. Increasing usage of fragrance ingredients in the household products such as scent candles and sticks fuel the global fragrance ingredients market. Increasing preferences for natural fragrances and Technological advancements show considerable growth in the market. A large amount of capital investment is needed for R&D programs, increasing health concerns regarding skin problems and allergies hamper the fragrance ingredients market to some extent.
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The Fragrance Ingredients market investigation report assesses the global market for the Fragrance Ingredients industry and provides revenue and capability forecasts for the projected period of 2020-2027. The factors that drive the industry's growth are highlighted in the report. The report divides the Fragrance Ingredients market into main categories such as forms, applications, end-users, technology, and others for a better understanding. These segments are thoroughly examined in order to provide a more accurate outlook for the global and regional markets. The report also examines the industry's major players, including their product portfolios, company overviews, strategic growth strategies, revenue generation, market share and size, geographic presence, and development and manufacturing capabilities.
Some of the Leading Market Players Are Listed Below:
- BASF SE,
- Firmenich International SA,
- Frutarom Industries Ltd.,
- Givaudan SA,
- International Flavors & Fragrances Inc.,
- Mane SA,
- Robertet SA
All enterprises involved in the processing, packaging, and distribution of raw food materials fall within the food and beverage sector. Fresh and packaged meals, as well as alcoholic and nonalcoholic beverages, are all included. Apart from drugs, this industry touches every product designed for human consumption.
As a result of the current economic depression caused by the Covid-19 outbreak, consumers are seeking to save as much money as possible. Consumers are doing so in a variety of ways, including buying more generic things and cooking their own meals instead of going out. As a result, food processing companies are getting more creative in order to reduce the cost of goods sold, attract more customers, and increase profit margins.
Obesity has a tremendous impact on the global food and beverage industry. The desire for healthful foods has grown, as has the demand for more detailed nutritional information. Companies have responded by launching lower-calorie foods and tightening control over how their brand is viewed in response to both of these changes. Companies want to be viewed as a healthy brand, thus they support activities that indicate this, such as youth sports. There has even been talk of levying a tax on foods linked to obesity to deter people from eating them.
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The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Fragrance Ingredients market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Fragrance Ingredients market.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Essential Oils
- Aroma Chemicals
Application Outlook (Revenue, USD Billion; 2017-2027)
- Personal Care
- Consumer Care
End-User Outlook (Revenue, USD Billion; 2017-2027)
- Cosmetics & toiletries
- Fine Fragrances
- Soaps & Detergents
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
The Global Fragrance Ingredients market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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