Global Fragrance Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fragrance Ingredients Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fragrance ingredients refer to various ingredients used to impart fragrance, which is mixed and blended as key ingredients of different products to provide a pleasant fragrance. Fragrance ingredients are generally precisely extracted from flowers, fruits, shrubs, and herbs. Added fragrance ingredients can be used as key ingredients in cosmetics and toiletry products, soaps, and detergents.

Market Overview:

The latest research study on the global Fragrance Ingredients market finds that the global Fragrance Ingredients market reached a value of USD 7606.81 million in 2022. It’s expected that the market will achieve USD 10956.36 million by 2028, exhibiting a CAGR of 6.27% during the forecast period.

Growing demand for personal care products such as various cosmetics and toiletries

Due to the rise of the cosmetics industry and rising consumer awareness, more and more consumers are choosing skin care, hair care, cosmetics, fragrances, and cosmetics according to their preferences. The fragrance is one of the most important ingredients consumers consider when purchasing cosmetic and toiletry products, so fragrance ingredients are an important part of the formulation of these products. Millennials have a big influence on the personal care and beauty care industry as they spend more on skincare, color cosmetics, and other personal care products. Growing purchasing power is fueling the demand for personal care products, driving the growth of this market. Meanwhile, important players are making acquisitions and divestitures to remain competitive.

Region Overview:

In global comparison, a significant portion of the revenue was generated in United States (33.04% in 2021).

Company Overview:

Givaudan SA (Givaudan) manufacturers and sells fragrances and flavors. The company offers a range of fragrances for fabric, personal care, hair and skin care, household care and oral care products. Givaudan provides solutions for taste, sense, nutrition, and health.

Segmentation Overview:

By type, Aroma Chemicals segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Soaps & Detergents segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fragrance Ingredients market covered in Chapter 3:

Robertet Group
Firmenich SA
S H Kelkar and Company Limited
Ogawa & Co., Ltd.
Bell Flavors & Fragrances
International Flavors & Fragrances Inc.
Apple Flavor and Fragrance Group Co., Ltd.
Symrise AG
Treatt PLC
Givaudan SA
BASF SE
Huabao International
Takasago International Corporation
Kalpsutra chemicals Pvt. Ltd.
Mane SA

In Chapter 4 and Chapter 14.2, on the basis of types, the Fragrance Ingredients market from 2018 to 2029 is primarily split into:

Essential Oils
Aroma Chemicals

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fragrance Ingredients market from 2018 to 2029 covers:

Cosmetics & Toiletries
Soaps & Detergents

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)