Fragrance Ingredients Market To Reach USD 22.18 Billion By 2027 | Reports and Data
July 07, 2020 12:58 ET
| Source: Reports and Data
New York, July 07, 2020 (GLOBE NEWSWIRE) — The global fragrance ingredients market is forecast to reach USD 22.18 Billion by 2027, according to a new report by Reports and Data. Fragrance ingredients consist of natural and synthetic substances which, when added to the products, provide them the desired smell. They are extensively used in products such as cosmetics, soaps, toiletries, detergents, and others. Fragrance ingredients are a mixture of different chemicals that provide fragrance that is similar to an aroma. These ingredients are extracted from petroleum or natural raw materials. Fragrances are actively used in personal care and other consumer products. Rising demand for natural fragrances and consumer inclination for personal care products & aromatic cosmetics and boosting the global fragrance ingredients industry growth. Continuous product innovation, rising demand for air fresheners such as aerosol sprays, room fresheners, car air fresheners, and increasing consumer base expect to propel the global industry growth. The growing importance and rising awareness regarding aromatherapy owing to improved living standards drive the market growth. Increasing usage of fragrance ingredients in the household products such as scent candles and sticks fuel the global fragrance ingredients market. Increasing preferences for natural fragrances and Technological advancements show considerable growth in the market. A large amount of capital investment is needed for R&D programs, increasing health concerns regarding skin problems and allergies hamper the fragrance ingredients market to some extent. Get FREE Sample Copy with TOC of the Report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/3299 The COVID-19 impact: Weaker consumer demand for wellbeing products and lifestyle due to lockdown policies and social restrictions shall have a negative influence on the demand patterns of specific categories of food additives and cosmetic ingredients. However, easing restrictions and public discourse about starting economic activities again in the consumer goods market space shows that the recovery of demand is imminent. Further key findings from the report suggest Professional and skilled perfumers in the fragrance business draw from various palettes of essential oils & other fragrance ingredients. They combine them in different ways to produce unique scents that are imparted to various products, including personal care, home care, home design, and fine fragrance products.Fragrances are gaining popularity with the increasing demand for personal care and other consumer products, owing to the increase in per capita income leading in sufficient disposable income for consumers.Among the regional segment of the fragrance ingredient market, Asia Pacific is estimated to register the highest CAGR of 7.7% over the forecasted period.Among the end-user segment of the fragrance ingredient market, fine fragrances is estimated to register the highest CAGR over the forecasted period.Among the application segment of the fragrance ingredient market, personal care is estimated to register the highest CAGR of 7.2% over the forecasted period.Key participants include Firmenich International SA, BASF SE, Frutarom Industries Ltd., International Flavors & Fragrances Inc., Symrise AG, Givaudan SA, Mane SA, Robertet SA, T. Hasegawa Co. Ltd., and Takasago International Corp., among others. BUY NOW (Customized Report Delivered as per Your Specific Requirement)@ https://www.reportsanddata.com/checkout-form/3299 For the purpose of this report, Reports and Data have segmented the global fragrance ingredient market on the basis of type, end-users, application and region: Type Outlook (Revenue, USD Billion; 2017-2027) Essential OilsAroma Chemicals Application Outlook (Revenue, USD Billion; 2017-2027) Personal CareConsumer Care End-User Outlook (Revenue, USD Billion; 2017-2027) Cosmetics & toiletriesFine FragrancesSoaps & DetergentsOthers To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/fragrance-ingredients-market Regional Outlook (Revenue, USD Billion; 2017-2027) North America U.SCanada Europe GermanyUKFranceBENELUXRest of Europe Asia Pacific ChinaJapanSouth KoreaRest of APAC Latin America BrazilRest of LATAM MEA Saudi ArabiaUAERest of MEA Take a Look at our Related Reports: Metal Magnesium Market: https://www.reportsanddata.com/report-detail/metal-magnesium-market Specialty Paper Market: https://www.reportsanddata.com/report-detail/specialty-paper-market Spunbond Nonwoven Market: https://www.reportsanddata.com/report-detail/spunbond-nonwovens-market About Reports and Data Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. 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Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
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