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Taiwan Fragrance Ingredients Market by Type and Application: Opportunity Analysis and Industry Forecast 2021-2030

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    Report

  • 145 Pages
  • July 2021
  • Region: Taiwan
  • Allied Market Research
  • ID: 5439915
The Taiwan fragrance ingredients market was valued at $6.3 million in 2018, and is projected to reach $7.7 million by 2030, growing at a CAGR of 2.74% from 2021 to 2030.



Fragrance ingredients are natural and synthetic substances, which when added to products give them desired smell. They are used extensively in products such as detergents, cosmetics, soaps, toiletries and others. Ingredients for fragrances are generally extracted from natural or petroleum raw materials and are used widely in personal care and other consumer goods.

Rise in demand for natural fragrances and customer inclination toward aromatic cosmetics and personal care products fuel the Taiwan fragrance ingredients market growth. Growth in customer base, continuous product development, and rise in demand for air fresheners such as aerosol sprays, air purifiers, and car fresheners are expected to propel the market growth. Growth in value and rise in knowledge of aromatherapy, owing to improved quality of living along with increase in use of fragrance ingredients in home products such as perfume sticks and candles fuel the demand for fragrance ingredients. Technological developments and rise in preference for natural fragrances indicate significant market growth. The economy has a positive effect on the market, owing to globalization and urbanization and growth in disposable income of middle class. Huge capital investments are required for R&D projects; increase in manufacturing costs and rise in health issues such as allergies and skin problems are expected to hamper the demand of fragrance ingredients in the market.

The Taiwan fragrance ingredients market is segmented on the basis of type and application. By type, the market is classified into natural ingredients and synthetic ingredients. By application, it is divided into hair care, personal care, fabric care, and others.

Some of the key players operating in the Taiwan fragrance ingredients market are 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.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the Taiwan fragrance ingredients market from 2020 to 2030 to determine the prevailing opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • Estimations and forecast are based on factors impacting the market growth, in terms of both value and volume.
  • Profiles of leading players operating in the market are provided to understand the global competitive scenario.
  • The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.

Impact of Corona (COVID19) outbreak on the Taiwan fragrance ingredients market

  • COVID-19 has spread across the globe and has affected almost all aspects of life.
  • There is an uneven impact of COVID-19 pandemic on the fragrance ingredients market, owing to implementation of lockdowns worldwide to halt spread of the virus. This resulted in shutting off of almost all operations, manufacturing, and distribution of all industries.
  • This has resulted in decrease in demand for cosmetic products from beauty shops, which, in turn, has led to declined growth of the market.
  • Increase in demand for personal care & cosmetic products (sanitizers, soaps, and disinfectants) and other home cleaning chemicals also boost the growth of the fragrance ingredients market, which, in turn, tends to overcome effects of COVID-19 on this sector.
  • Numerous beauty manufacturers, ingredient suppliers, and allies along the value chain are affected by the pandemic, owing to travel restrictions and slow export-import activities. Moreover, revenue of retailers and salons & spas is also hampered by the virus spread.
  • The demand-supply gap, disruptions in raw material procurement, price volatility, and many other such factors are expected to hamper the growth of the chemical industry during the COVID-19 pandemic.
  • The COVID-19 crisis has affected the chemical industry supply chain to a major extent; thus, having a major impact on raw material procurement.

KEY MARKET SEGMENTS


By Type

  • Natural Ingredients
  • Synthetic Ingredients

By Application

  • Hair care
  • Personal Care
  • Fabric care
  • Others

KEY MARKET PLAYERS

  • 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.
  • Takasago International Corporation

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.5. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Rise in use of personal care products
3.4.1.2. Rise in disposable income and changes in the standard of living
3.4.1.3. Increase in consumption of natural fragrance ingredients
3.4.2. Restraint
3.4.2.1. Side-effects of synthetic ingredients
3.4.3. Opportunity
3.4.3.1. Opportunities in consumer goods industries
3.5. Impact of government rules and regulations
3.6. Impact of Corona (COVID19) outbreak on the fragrance ingredients market
3.7. Outlook of Chemicals Raw Materials Market
3.7.1. Whitening Ingredients
3.7.2. Anti-Aging Ingredients
3.7.3. Anti-Wrinkle Ingredients

CHAPTER 4: FRAGRANCE INGREDIENTS MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Natural Ingredients
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, 2021-2030 ($Million)
4.2.2.1. Flower Based
4.2.2.2. Fruit Based
4.2.2.3. Wood Based
4.2.2.4. Spice Based
4.2.3. Market size and forecast, by natural ingredients
4.3. Synthetic Ingredients
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, 2021-2030 ($Million)
4.3.2.1. Esters
4.3.2.2. Aldehydes
4.3.2.3. Alcohols
4.3.2.4. Musk Chemicals
4.3.2.5. Terpenes
4.3.3. Market size and forecast, by synthetic ingredients

CHAPTER 5: FRAGRANCE INGREDIENTS MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Hair care
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, 2021-2030 ($Million)
5.3. Personal care
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, 2021-2030 ($Million)
5.4. Fabric care
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast, 2021-2030 ($Million)
5.5. Others
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast, 2021-2030 ($Million)

CHAPTER 6: COMPETITIVE LANDSCAPE
6.1. Introduction
6.1.1. Market player positioning, 2020
6.2. Top winning strategies
6.2.1. Top winning strategies, by year
6.2.2. Top winning strategies, by development
6.2.3. Top winning strategies, by company
6.3. Product mapping of top 10 player
6.4. Competitive heatmap
6.5. Key developments
6.5.1. New product launches
6.5.2. Expansions
6.5.3. Mergers and acquisition
6.5.4. Collaboration
6.5.5. Partnership
6.5.6. Agreement

CHAPTER 7: COMPANY PROFILES:
7.1. ARKEMA S. A.
7.1.1. Company overview
7.1.2. Key executives
7.1.3. Company snapshot
7.1.4. Operating business segments
7.1.5. Product portfolio
7.1.6. Business performance
7.2. BASF SE
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Business performance
7.3. THE DOW CHEMICAL COMPANY
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Business performance
7.4. EASTMAN CHEMICAL COMPANY
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Business performance
7.4.6. Key strategic moves and developments
7.5. FIRMENICH INTERNATIONAL SA
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Product portfolio
7.5.4. Business performance
7.5.5. Key strategic moves and developments
7.6. FINE FRAGRANCES PRIVATE LIMITED
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Product portfolio
7.7. GIVAUDAN SA
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Business performance
7.7.6. Key strategic moves and developments
7.8. INTERNATIONAL FLAVORS & FRAGRANCES INC.
7.8.1. Company overview
7.8.2. Key executives
7.8.3. Company snapshot
7.8.4. Operating business segments
7.8.5. Product portfolio
7.8.6. Business performance
7.8.7. Key strategic moves and developments
7.9. LG CHEM LTD.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Business performance
7.10. MANE
7.10.1. Company overview
7.10.2. Key executives
7.10.3. Company snapshot
7.10.4. Operating business segments
7.10.5. Product portfolio
7.10.6. Business performance
7.10.7. Key strategic moves and developments
7.11. MORIMURA BROS. INC.
7.11.1. Company overview
7.11.2. Company snapshot
7.11.3. Product portfolio
7.12. SODA AROMATIC CO., LTD.
7.12.1. Company overview
7.12.2. Company snapshot
7.12.3. Product portfolio
7.13. SYMRISE
7.13.1. Company overview
7.13.2. Key executives
7.13.3. Company snapshot
7.13.4. Operating business segments
7.13.5. Product portfolio
7.13.6. Business performance
7.13.7. Key strategic moves and developments
7.14. TAIWAN TEKHO FINE-CHEM CO., LTD.
7.14.1. Company overview
7.14.2. Company snapshot
7.14.3. Product portfolio
7.15. TAKASAGO INTERNATIONAL CORPORATION
7.15.1. Company overview
7.15.2. Company snapshot
7.15.3. Operating business segments
7.15.4. Product portfolio
7.15.5. Business performanceLIST OF TABLES
TABLE 01. TAIWAN FRAGRANCE INGREDIENTS MARKET, BY TYPE, 2021-2030 (TONS)
TABLE 02. TAIWAN FRAGRANCE INGREDIENTS MARKET, BY TYPE, 2021-2030 ($MILLION)
TABLE 03. TAIWAN NATURAL FRAGRANCE INDREGIENTS MARKET, BY TYPE, 2021-2030(TONS)
TABLE 04. TAIWAN NATURAL FRAGRANCE INDREGIENTS MARKET, BY TYPE, 2021-2030($MILLION)
TABLE 05. TAIWAN SYNTHETIC INGREDIENTS INDREGIENTS MARKET, BY TYPE, 2021-2030(TONS)
TABLE 06. TAIWAN SYNTHETIC INGREDIENTS INDREGIENTS MARKET, BY TYPE, 2021-2030($ MILLION)
TABLE 07. FRAGRANCE INGREDIENTS MARKET REVENUE, BY APPLICATION, 2021-2030, ($MILLION)
TABLE 08. FRAGRANCE INGREDIENTS MARKET, BY APPLICATION, 2021-2030 ($TONS)
TABLE 09. FRAGRANCE INGREDIENTS MARKET, BY APPLICATION, 2021-2030 ($MILLION)
TABLE 10. KEY NEW PRODUCT LAUNCHES (2017-2021)
TABLE 11. KEY EXPANSIONS (2017-2021)
TABLE 12. KEY MERGERS AND ACQUISITION (2017-2021)
TABLE 13. KEY COLLABORATION (2017-2021)
TABLE 14. KEY PARTNERSHIP (2017-2021)
TABLE 15. KEY AGREEMENT (2017-2021)
TABLE 16. ARKEMA: KEY EXECUTIVES
TABLE 17. ARKEMA: COMPANY SNAPSHOT
TABLE 18. ARKEMA: OPERATING SEGMENTS
TABLE 19. ARKEMA: PRODUCT PORTFOLIO
TABLE 20. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 21. BASF SE: COMPANY SNAPSHOT
TABLE 22. BASF SE: OPERATING SEGMENTS
TABLE 23. BASF SE: PRODUCT PORTFOLIO
TABLE 24. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 25. THE DOW CHEMICAL COMPANY: COMPANY SNAPSHOT
TABLE 26. THE DOW CHEMICAL COMPANY: OPERATING SEGMENTS
TABLE 27. THE DOW CHEMICAL COMPANY: PRODUCT PORTFOLIO
TABLE 28. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 29. EASTMAN: COMPANY SNAPSHOT
TABLE 30. EASTMAN: OPERATING SEGMENTS
TABLE 31. EASTMAN: PRODUCT PORTFOLIO
TABLE 32. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 33. EASTMAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 34. FIRMENICH: COMPANY SNAPSHOT
TABLE 35. FIRMENICH: PRODUCT PORTFOLIO
TABLE 36. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 37. FIRMENICH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 38. FINE FRAGRANCES: COMPANY SNAPSHOT
TABLE 39. FINE FRAGRANCES: PRODUCT PORTFOLIO
TABLE 40. GIVAUDAN: COMPANY SNAPSHOT
TABLE 41. GIVAUDAN: OPERATING SEGMENTS
TABLE 42. GIVAUDAN: PRODUCT PORTFOLIO
TABLE 43. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 44. GIVAUDAN: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 45. IFF: KEY EXECUTIVES
TABLE 46. IFF: COMPANY SNAPSHOT
TABLE 47. IFF: OPERATING SEGMENTS
TABLE 48. IFF: PRODUCT PORTFOLIO
TABLE 49. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 50. IFF: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 51. LG CHEM LTD.: COMPANY SNAPSHOT
TABLE 52. LG CHEM LTD.: OPERATING SEGMENTS
TABLE 53. LG CHEM LTD.: PRODUCT PORTFOLIO
TABLE 54. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 55. MANE: KEY EXECUTIVES
TABLE 56. MANE: COMPANY SNAPSHOT
TABLE 57. MANE: OPERATING SEGMENTS
TABLE 58. MANE: PRODUCT PORTFOLIO
TABLE 59. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 60. SYMRISE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 61. MORIMURA BROS. INC.: COMPANY SNAPSHOT
TABLE 62. MORIMURA BROS. INC.: PRODUCT PORTFOLIO
TABLE 63. SODA AROMATICS CO., LTD.: COMPANY SNAPSHOT
TABLE 64. SODA AROMATICS CO., LTD.: PRODUCT PORTFOLIO
TABLE 65. SYMRISE: KEY EXECUTIVES
TABLE 66. SYMRISE: COMPANY SNAPSHOT
TABLE 67. SYMRISE: OPERATING SEGMENTS
TABLE 68. SYMRISE: PRODUCT PORTFOLIO
TABLE 69. OVERALL FINANCIAL STATUS ($MILLION)
TABLE 70. SYMRISE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 71. TAIWAN TEKHO FINE-CHEM CO., LTD.: COMPANY SNAPSHOT
TABLE 72. TAIWAN TEKHO FINE-CHEM CO., LTD.: PRODUCT PORTFOLIO
TABLE 73. TAKASAGO: COMPANY SNAPSHOT
TABLE 74. TAKASAGO: OPERATING SEGMENTS
TABLE 75. TAKASAGO: PRODUCT PORTFOLIO
TABLE 76. OVERALL FINANCIAL STATUS ($MILLION)LIST OF FIGURES
FIGURE 01. FRAGRANCE INGREDIENTS MARKET SEGMENTATION
FIGURE 02. TOP INVESTMENT POCKETS, BY APPLICATION (2020)
FIGURE 03. LOW BARGAINING POWER OF SUPPLIERS
FIGURE 04. MODERATE BARGAINING POWER OF BUYERS
FIGURE 05. MODERATE THREAT OF NEW ENTRANTS
FIGURE 06. MODERATE THREAT OF SUBSTITUTES
FIGURE 07. HIGH INTENSITY OF COMPETITIVE RIVALRY
FIGURE 08. FRAGRANCE INGREDIENTS MARKET DYNAMICS
FIGURE 09. FRAGRANCE INGREDIENTS MARKET REVENUE, BY TYPE 2021-2030, ($MILLION)
FIGURE 10. TAIWAN FRAGRANCE INGREDIENTS MARKET FOR NATURAL INGREDIENTS, 2021-2030 ($MILLION)
FIGURE 11. TAIWAN FRAGRANCE INGREDIENTS MARKET FOR SYNTHETIC INGREDIENTS, 2021-2030 ($MILLION)
FIGURE 12. TAIWAN FRAGRANCE INGREDIENTS MARKET FOR HAIR CARE, 2021-2030 ($MILLION)
FIGURE 13. TAIWAN FRAGRANCE INGREDIENTS MARKET FOR PERSONAL CARE, 2021-2030 ($MILLION)
FIGURE 14. TAIWAN FRAGRANCE INGREDIENTS MARKET FOR FABRIC CARE, 2021-2030 ($MILLION)
FIGURE 15. TAIWAN FRAGRANCE INGREDIENTS MARKET FOR OTHERS, 2021-2030 ($MILLION)
FIGURE 16. MARKET PLAYER POSITIONING, 2020
FIGURE 17. TOP WINNING STRATEGIES, BY YEAR, 2017-2021
FIGURE 18. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2021 (%)
FIGURE 19. TOP WINNING STRATEGIES, BY COMPANY, 2017-2021
FIGURE 20. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 21. COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 22. ARKEMA: NET SALES, 2018-2020 ($MILLION)
FIGURE 23. ARKEMA: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 24. ARKEMA: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 25. BASF SE: NET SALES, 2018-2020 ($MILLION)
FIGURE 26. BASF SE: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 27. BASF SE: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 28. THE DOW CHEMICAL COMPANY: REVENUE, 2018-2020 ($MILLION)
FIGURE 29. THE DOW CHEMICAL COMPANY: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 30. THE DOW CHEMICAL COMPANY: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 31. EASTMAN: NET SALES, 2018-2020 ($MILLION)
FIGURE 32. EASTMAN: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 33. EASTMAN: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 34. FIRMENICH: NET SALES, 2018-2020 ($MILLION)
FIGURE 35. GIVAUDAN: NET SALES, 2018-2020 ($MILLION)
FIGURE 36. GIVAUDAN: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 37. GIVAUDAN: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 38. IFF: REVENUE, 2018-2020 ($MILLION)
FIGURE 39. IFF: REVENUE SHARE, BY SEGMENT, 2020 (%)
FIGURE 40. IFF: REVENUE SHARE, BY REGION, 2020 (%)
FIGURE 41. LG CHEM LTD: REVENUE, 2018-2020 ($MILLION)
FIGURE 42. INTEL CORPORATION: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 43. INTEL CORPORATION: REVENUE SHARE BY REGION, 2020 (%)
FIGURE 44. MANE: NET SALES, 2017-2019 ($MILLION)
FIGURE 45. MANE: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 46. SYMRISE: NET SALES, 2018-2020 ($MILLION)
FIGURE 47. SYMRISE: REVENUE SHARE BY SEGMENT, 2020 (%)
FIGURE 48. SYMRISE: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 49. TAKASAGO: REVENUE, 2018-2020 ($MILLION)
FIGURE 50. TAKASAGO: REVENUE SHARE, BY REGION, 2020 (%)

Companies Mentioned

  • 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.
  • Takasago International Corporation.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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