Fragrance Market Global Industry Share, Size, & Business Strategies by Key Players:-International Flavors & Fragrances, Inc, Sensient Technologies Corporation, Firmenich International SA 2018-2023 Forecast

Latest research report on “Global Fragrance Market 2018 Research Report” now available at a high quality database of Market research future.com with market size, share, trends, Competitive and statistical analysis.

Market Overview
Fragrance is referred as blend of chemical compounds which is characterised by having olfactive properties. Fragrance is incorporated in order to impart peculiar and unique odorous characteristics into the preparations. Fragrance are formulated using a mixture of aroma chemicals which are produced using natural or synthetic ingredients.

Market Forecast
Fragrance are used as the major ingredient in spray perfumes, cosmetics, soaps & detergents, incense, body care and home care products. However, fragrance industry holds a major share in the cosmetics and personal care industries as a major ingredients used in the products.
The global perfume market has been observing a growing trend both in the developed and developing economies, owing to the rapid urbanization, rise in disposable income and changing lifestyle of consumers. Increasing consumer spending on personal care & beauty products is expected to be one of the significant reasons for the rising growth of perfumery products which in turn escalates the sales of fragrance during the forecast period.
Furthermore, increasing affinity towards skin lightning & color cosmetic products, owing to the increasing obsession towards fair complexion among the youth and women population is driving the fragrance market in Asian and the Middle Eastern regions. Also, increasing prevalence towards male centric cosmetic products coupled with robust growth of men grooming products is considered to be a major factor, which has uplifted the global fragrance market. Demand for long lasting fragrances in masculine cologne and after shave products, including expensive perfumes and deodorants has raised the demand for male cosmetics products.

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Key Players
The leading players in the global fragrance market are Givaudan SA (Switzerland), International Flavors & Fragrances, Inc. (U.S.), Firmenich International SA (Switzerland), Symrise AG (Germany), Takasago International Corporation (Japan), V. MANE FILS SA (France), Sensient Technologies Corporation (U.S.)

Regional Analysis
The global fragrance market is segmented into North America, Europe, Asia Pacific, and Rest of the world. Among these, North America is projected to retain its dominance throughout the forecast period owing to rising per-capita income and increasing disposable income. North America is estimated to reach USD 5803.01 million by 2023. However, Asia Pacific is projected to expand at a moderate CAGR of 6.20% during the forecast period 2017-2023.

Targeted Audience
•Global fragrance product manufacturers
•End users
•Retailers and wholesalers
•E-commerce companies
•Traders, importers and exporters

MAJOR Key Findings
•North America is estimated to retain its dominance throughout the forecast period at a CAGR of 4.80%. Among the North American countries, the U.S. is projected to witness a substantial growth at a CAGR of 4.72% during the forecast period of 2017-2023
•Global fragrance manufacturers find massive opportunities in China owing to the huge demand for fragrance products, especially, cosmetics and toiletries.

Regional and Country Analysis of the Global Fragrance Market Development and Demand Forecast till 2023

North America
•U.S.
•Canada
•Mexico

Europe
•Germany
•France
•Spain
•U.K
•Italy
•Rest of Europe

Asia Pacific
•China
•India
•Japan
•Australia & New Zealand
•Indonesia
•Rest of Asia Pacific

Full report details on Fragrance Market report spread across 151 pages, profiling 12 companies and supported with tables and figures available @:- https://www.marketresearchfuture.com/reports/fragrance-market-4689

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