Fragrance Ingredients Market Forecast, Size 2022-2027 | Industry Trends, Share, Growth and Report

The latest research study "Fragrance Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global fragrance ingredients market size reached US$ 8.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 12.25 Billion by 2027 exhibiting a growth rate (CAGR) of 6.10% during 2022-2027.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Industry Definition and Application:

Fragrance ingredients refer to various synthetic and natural substances that are added with solvents, fixatives, and oils to produce a distinctive aroma. They consist of benzyl alcohol, camphor, lemongrass, basil, acetone, linalool, ethanol, methylene chloride, limonene., etc.

These fragrance ingredients induce a refreshing smell in the body, hair, and fabric care products and help to prevent malodorous odor. Consequently, fragrance ingredients find extensive applications in cosmetics, soaps, toiletries, fine fragrances, and several household products, such as incense sticks, candles, detergents, scouring cleaners, etc.

Fragrance Ingredients Market Trends and Drivers:

The shifting preferences towards organic, eco-friendly, and customized perfumes are among the key factors driving the fragrance ingredients market. Additionally, the increasing usage of room and car air fresheners is acting as another significant growth-inducing factor.

Furthermore, the inflating investments by leading market players in research and development (R&D) activities to introduce innovative products and the rising advertisement and promotional campaigns across social media platforms to create consumer awareness and improve sales are also positively influencing the global market.

Besides this, the expanding cosmetics industry across the globe and the elevating demand for personal care products, including body lotions, hair oils, creams, cleaning gels, shampoos, etc., are expected to catalyze the fragrance ingredients market in the coming years.

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Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Type:
• Natural Ingredients
• Synthetic Ingredients

Breakup by Source:
• Flower
• Fruits
• Vegetables
• Plant Extracts

Breakup by Application:
• Hair Care
• Personal Care
• Fabric Care
• Others

By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

The major players in the market are BASF SE, Fine Fragrance Pvt. Ltd, Firmenich SA (Sentarom SA), Givaudan, International Flavors & Fragrances Inc., Kalpsutra Chemicals Pvt. Ltd., Mane SA, Robertet Group, S H Kelkar & Co. Limited, Symrise AG, T.Hasegawa Co. Ltd. , Takasago International Corporation and Treatt.

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