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Perfume and Essence Market: Size, Share, Growth, Analysis, Key Players, Revenue, Growth | Valuates Reports
Perfume and Essence Market SizeThe global Perfume and Essence market was valued at US$ 30190 million in 2023 and is anticipated to reach US$ 42080 million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.
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Perfume and Essence Market
Perfume is an organic compound that can be sensed by smell or taste, also known as aroma raw material, which is mainly used to prepare essence for flavoring products, or directly used as food additives.
Essence is a mixture of spices and related accessories with a specific aroma or fragrance, generally used for flavoring products after consumption.
The global market share of perfume and essence in 2019 was 63.76% and 36.24%, respectively.
The global market has a high industry concentration and is shifting to developing countries. In recent years, the combined market share of Givaudan, Firmenich, IFF and Symrise has been maintained above 50%.
The perfume and essence market is mainly used in food and drinks, daily chemicals, tobaccos and other, with market shares of 50.36%, 42.89%, 2.17% and 4.58% respectively in 2019.
This report aims to provide a comprehensive presentation of the global market for Perfume and Essence, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Perfume and Essence.
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Segment by Type
• Perfume
• Essence
Segment by Application
• Food & Drinks
• Daily Chemicals
• Tobaccos
• Others
By Company
Givaudan, Firmenich, IFF, Symrise, WILD Flavors, Mane, Takasago, Sensient, Robert, T.Hasegawa, Huabao International, Boton Group, Apple, NHU, Baihua Flavours and Fragrances
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