The global fragrance ingredients market is anticipated to grow at a significant CAGR of around 5.0% during the forecast period. The rising demand for personal care and cleaning products such as soaps, body fregrences, mist and others is boosting the market growth. Growing innovation and development in soaps, detergents and other cleaning products owe the use of various kinds of fragrance ingredients in the product to attract consumers. Besides, the rising consumer concerns about personal hygiene, rapid growth in cosmatic industry, and government initiatives to promote cleanliness, particularly inpublic areas such as schools, office space, and several construction sites and industries, are driving global demand for fragrance ingredients market… Furthermore, the growing demand for essential cleaning products in the healthcare industry will drive up demand for soaps and detergents which will result into the rise in demand of fragrance ingredients. The rapid demand for efficient, cost-effective, and high-performance solutions is expected to increase fragrance ingredients’ market share relative to detergents and other cleaning products.
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The consumer in major economies are investing high in on premium fine fragrances & perfume products which is the prominent factor driving the market growth. Major players in the market are expanding their product offerings and capacity to fullfill the on-growing market demand. For instance, in April 2020, Firmenich expanded its hand sanitizer production capacity to 100 tonnes for hospitals, medical and emergency services in the US and Switzerland.
The global fragrance ingredients market is segmented based on the type and application. Based on the type, the market is sub-segmented into natural ingredients and synthetic ingredients. Based on the application, the market is sub-segmented into the cosmetics and toiletries, fine fragrances, soaps and detergents and others.
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Global Fragrance Ingredients Market Segmentation
By Type
- Natural Ingredients
- Synthetic Ingredients
By Application
- Cosmetics and Toiletries
- Fine Fragrances
- Soaps and Detergents
- Others (Household products, and Aromatherapy)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Allan Chemical Corp.
- Amyris Clean Beauty, Inc.
- Bell Flavors & Fragrances
- Hassinger& Company, Inc.
- Chemical Store, Inc
- Fine Fragrances Pvt Ltd.
- Kalpsutra Chemicals Pvt. Ltd.
- Karnataka Aromas
- Keva
- Robertet Groupe
- Symrise Group
- Takasago International Corp
- Treatt Plc
- Vigon International, LLC
- Vögele Ingredients
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