Press release
Taiwan Fragrance Ingredients Market to exceed $7.7 million by 2030 at a CAGR of 2.74% from 2021 to 2030
As per the report research by Allied Market Research, Taiwan fragrance ingredients market size was valued at $5.9 million in 2020, and is projected to reach $7.7 million by 2030, growing at a CAGR of 2.74% from 2021 to 2030. the market growth is driven by increasing in use of personal care products, rise in disposable income, changes in the standard of living, and surge in consumption of natural fragrance ingredients. On the other hand, side-effects of synthetic ingredients impede the growth to some extent. However, opportunities in consumer goods industries have been highly beneficial for the market growth.Download Sample PDF: https://www.alliedmarketresearch.com/request-sample/12556
Taiwan fragrance ingredients market is analyzed across type and application. Based on type, the report bifurcates the market into natural ingredients and synthetic ingredients. The synthetic ingredients segment held the major share in 2020, accounting for more than four-fifths of the total market share. Furthermore, the segment is also expected to dominate by 2030. The natural ingredients segment, on the other hand, would cite the fastest CAGR of 3.34% from 2021 to 2030.
Based on application, the personal care segment contributed to nearly three-fifths of the total market share in 2020 and is anticipated to lead the trail by the end of 2030. Simultaneously, the hair care segment would manifest the fastest CAGR of 3.04% throughout the forecast period. The fabric care segment is also studied in the report.
The key market players analyzed in the Taiwan fragrance ingredients market report include Arkema, BASF SE, Dow, Eastman Chemical Company, Firmenich International SA, Fine Fragrances Private Limited., Givaudan, International flavor & fragrances Inc., LG Chem Ltd., Mane SA, Morimura Bros. Inc., Soda Aromatics Co. Ltd., Symrise, Taiwan Tekho Fine-Chem Co. Ltd., and Takasago International Corporation. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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Key Benefits For Stakeholders
The report provides an in-depth analysis of the Taiwan fragrance ingredients market forecast along with the current and future market trends.
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.
Porter's five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the Taiwan fragrance ingredients industry for strategy building.
A comprehensive Taiwan fragrance ingredients market analysis covers factors that drive and restrain market growth.
The qualitative data in this report aims on market dynamics, trends, and developments.
Browse Summary Of This Report: https://www.alliedmarketresearch.com/taiwan-fragrance-ingredients-market-A12191
By Application
1. Hair care
2. Personal Care
3. Fabric care
4. Others
By Type
1. Natural Ingredients
2. Synthetic Ingredients
Similar Report:
Global Fragrance Ingredients Market
https://www.alliedmarketresearch.com/fragrance-ingredients-market-A06799
Personal Care Ingredients Market
https://www.alliedmarketresearch.com/personal-care-ingredients-market
Cosmetic Chemicals Market
https://www.alliedmarketresearch.com/cosmetic-chemicals-market
Cosmetics Preservative Market
https://www.alliedmarketresearch.com/cosmetics-preservative-market
Cosmetic Pigments Market
https://www.alliedmarketresearch.com/cosmetic-pigments-market
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