Market Research Future (MRFR) has published a research report about global Fragrance Ingredients Market Share that visualizes breakneck growth in this market between 2017 and 2023. The factors that are driving this market include changing the lifestyle of consumers, increasing disposable income, and rapidly growing urbanization. Due to a rise in disposable income, more consumers are spending money on beauty products and personal care products and hence, sales of perfumery products are rising. The rise in the sales of perfumery products is creating demand for fragrance ingredients that are useful for the former's production. The escalation of demand, supply, and revenue for global fragrance ingredients market is certain during the forecast period. Covering extensive primary research, this report features a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders that would help readers to gain deeper insights into the market and industry performance. The report analyzes current market scenario that includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. Lastly, the report profiles the key players in the industry, observing their strategies.
Fragrance Ingredients Market Key Players:
The key players in the global fragrance ingredients market include BASF SE (Germany), Firmenich International SA (Switzerland), Frutarom Industries Ltd. (Israel), Givaudan SA (Switzerland), International Flavors Fragrances Inc. (USA), Robertet Fragrances, Inc. (USA), and Mane SA (France).
Fragrance Ingredients Market Segmentations:
The global fragrance ingredients market has been segmented into applications, functional groups, source, types and lastly region. Application-based segmentation of this market comprises of fine fragrances products, household care products, and personal care products. Fine fragrances are perfumes. Examples of household care products include bathroom cleaners, bleaches, metal cleaner, etc. Examples of personal care products include soaps, cosmetics, moisturizers, cologne, deodorants, etc. During the forecast period, application of fragrance ingredients in personal care products is estimated to retain its dominance over other segments. This is due to growing consumer awareness towards personal hygiene. The report estimates elevated growth in the use of fragrance ingredients in fine fragrance products in this segment.
On the basis of the functional group, the market has been segmented into alcohols phenols, aldehydes, carboxylic acids, esters, ketones, others. In this segment, the report estimates alcohols phenols to dominate the market during the forecast period.
By source, the segmentation of market covers flower, fruits, insects, minerals, plant extracts, vegetables, and others. In this segment, flower segment dominates the market followed by plant extracts owing to the high availability of these extracts to be used as a fragrance ingredient. Due to popular demand of consumers preferring floral essence in fragrance products, the use of flower ingredient is rising rapidly.
By types, Fragrance ingredients contain essential oils, for example, citronella, eucalyptus, and mint. They also contain aromatic chemicals, such as benzenoids and terpenes, which are extracted from different flowers, fruits, and herbs shrubs.
Latest Industry News:
- US multinational Johnson Johnson have announced their plans to disclose 100% of the ingredients in its baby care products next month. This transparency effort is going to be rolled out as part of a relaunch of its baby care range. 5 JUL 2018
- After a review by the European Commission’s Scientific Committee on Consumer Safety (SCCS), the Commission has set limits on fragrance chemicals in leave-on and rinse-off products. The findings by SCCS revealed that the substances Tagetes minuta and Tagetes patula flower extracts and oils were not supposed to be used as ingredients in sunscreen products and in products marketed for exposure to natural/artificial ultraviolet UV light. 17 JUL 2018
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