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Fragrance Ingredients Market 2018 Global Players Ventos, Firmenich, Frutarom, BASF SE, Givaudan, Symrise, Vogele, and Treatt

Global Market Insights

Global Market Insights

Global fragrance ingredients market size from wood-based application is poised to exceed USD 750 million by 2024. These products provide warmth and depth aroma along with natural sensuality. Woody element in the product gives long lasting and musky smell, which may favor product demand.

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Fragrance ingredients manufacturers are replacing synthetic constituents with effective and safer product like fruits, flower and spice. Although, price of substitutes is reasonably higher, consumers are prepared to spend extra on non-toxic products, thus propelling industry growth.

High cost of natural ingredients owing to capital intensive production process may distress fragrance ingredients market price trends. Severe regulatory standards pertaining to use of synthetic chemicals may incur additional compliance cost, thus affecting industry profitability.

Increasing demand for premium aroma in cosmetics, toiletries, fine fragrances & perfumes are major driving factor towards fragrance ingredients market growth. Rising demand for premium and multifunctional material and has led to incorporation of sophisticated components like essential oils which may favor industry growth.

Growing demand for beauty products along with increasing number of working women populations is likely to drive fragrance ingredients market. These ingredients are added to products in order to give pleasant aroma. Growing purchaser expenditure on beautification along with increasing aging population will promote cosmetics market, thereby driving product demand by 2024.

Fragrance ingredients are widely used in air fresheners to adsorb unpleasant odor and cleanse air. It has application in pumps, aerosols, gels, beads, powders and pads air fresheners which is anticipated to foster industry growth. Ethers are used in these products which nullify bad odor and gives gentle smell.

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Germany alcohols-based fragrance ingredients market size is likely to reach 30 kilo tons owing to its usage in anti-aging cremes, shampoos and sunscreen lotions and conditioners. These products have similar features as natural products due to high effectiveness and its application in wide range of perfume products is likely to enhance product demand.

China fragrance ingredients market demand from toiletries application may witness significant growth of over 6% in projected timeline. Growing living standard of consumers along with making these products more presentable will boost overall market for fragrance ingredients in this region.

Global Fragrance ingredients market share is competitive as well as moderately fragmented among several participants including Firmenich, Treatt, Kalpa Sutra Chemicals, Vogele, Symrise, Ventos, BASF SE, Frutarom and Givaudan. Companies are balancing use of synthetic and natural and chemicals along with manufacturing high value products.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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