+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Fragrance Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 143 Pages
  • January 2023
  • Region: Global
  • IMARC Group
  • ID: 5732797

Quick Summary:

The global fragrance ingredients market is intriguingly positioned for growth, within the context of diverse industries such as cosmetics, personal care, and home products. The market has gained momentum due to the increasing demand for pleasant scents in various consumer goods, including cosmetics, soaps, detergents and personal care products. With an industry that revolves around a unique blend of synthetic and natural aromatic ingredients, the fragrance ingredients market has been influenced by consumer shifts towards products that incorporate fragrances extracted from natural elements, including flowers, fruits, shrubs, and herbs.

Significant expansion in cosmetics, increased demand for air fresheners, and the inclination towards natural products have driven this market's expansion. In addition, an increased awareness about the harm caused by chemically infused personal care products has further ushered consumers towards this natural-laden market. The market's progressive trajectory is also aided by strategic initiatives, such as frequent mergers and acquisitions among key players, leading to the exposure of several international fragrance brands across the globe. The complexity of fragrances, driven by blending of natural and synthetic ingredients, offers consumers a wide array of choices, semi-custom products, and novel scent experiences, thereby making the fragrance ingredients market more enticing than ever before.

The global fragrance ingredients market size reached US$ 9.1 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 12.9 Billion by 2028, exhibiting a CAGR of 5.99% during 2022-2028.

Fragrance refers to a unique and intricate combination of various synthetic and natural aromatic ingredients, which are blended and incorporated as a key component in different products to provide them pleasant scent. These substances are precisely extracted from flowers, fruits, shrubs, and herbs for the formulation of aromatic chemicals and several essential oils. After preparation, fragrance ingredients are added as key components for manufacturing spray perfumes, cosmetics, soaps, detergents, incense, personal care, and household products. At present, fragrance ingredients are commercially available in essential oil and aromatic chemical product variants.

Fragrance Ingredients Market Trends:

The significant expansion in the cosmetic industry, along with the increasing demand for air fresheners and various personal care products, such as creams, shampoos, toiletries, mists, perfumes represent the key factors currently driving the market growth. In line with this, the rising awareness amongst consumers regarding the ill-effects of using chemical-infused personal care products has resulted in a shifting inclination toward natural fragrance ingredients extracted from plants, animals, and fruits. This is also supported by rising investments in research and development (R&D) activities by governments of various nations to promote the use of safer, eco-friendly, and dermatologically tested goods, which, in turn, is propelling the market growth. Furthermore, the increasing utilization of fragrances in aromatherapy applications owing to their therapeutic benefits, such as reducing stress, enhancing sleep patterns, and uplifting mood are further contributing to the market growth. Moreover, the frequent mergers and acquisitions (M&A) amongst key players have led to the introduction of several international fragrance brands across the globe. These establishments have enabled consumers to custom-make their own perfumes and experience contemporary fragrances with oriental notes, which is supporting the market growth. Other factors, such as continuous product innovations and the widespread adoption of smart marketing strategies, are creating a positive outlook for the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global fragrance ingredients market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, source and application.

Breakup by Type:

  • Natural Ingredients
  • Synthetic Ingredients

Breakup by Source:

  • Flower
  • Fruits
  • Vegetables
  • Plant Extracts

Breakup by Application:

  • Hair Care
  • Personal Care
  • Fabric Care
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Fine Fragrance Pvt. Ltd, Firmenich SA (Sentarom SA), Givaudan, International Flavors & Fragrances Inc., Kalpsutra Chemicals Pvt. Ltd., Mane SA, Robertet Group, S H Kelkar & Co. Limited, Symrise AG, T.Hasegawa Co. Ltd. , Takasago International Corporation and Treatt.

Key Questions Answered in This Report:

  • How has the global fragrance ingredients market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global fragrance ingredients market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global fragrance ingredients market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Fragrance Ingredients Market

What is the estimated value of the Fragrance Ingredients Market?

The Fragrance Ingredients Market was estimated to be valued at $9.1 Billion in 2022.

What is the growth rate of the Fragrance Ingredients Market?

The growth rate of the Fragrance Ingredients Market is 5.9%, with an estimated value of $12.9 Billion by 2028.

What is the forecasted size of the Fragrance Ingredients Market?

The Fragrance Ingredients Market is estimated to be worth $12.9 Billion by 2028.

Who are the key companies in the Fragrance Ingredients Market?

Key companies in the Fragrance Ingredients Market include BASF SE, Fine Fragrance Pvt. Ltd, Firmenich SA (Sentarom SA), Givaudan, International Flavors & Fragrances Inc., Kalpsutra Chemicals Pvt. Ltd., Mane SA, Robertet Group, S H Kelkar & Co. Limited and Symrise AG.

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Fragrance Ingredients Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Type
6.1 Natural Ingredients
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Synthetic Ingredients
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Source
7.1 Flower
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Fruits
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Vegetables
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Plant Extracts
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Application
8.1 Hair Care
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Personal Care
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Fabric Care
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast

10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 Value Chain Analysis

12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BASF SE
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Fine Fragrance Pvt. Ltd
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Firmenich SA (Sentarom SA)
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 SWOT Analysis
14.3.4 Givaudan
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 International Flavors & Fragrances Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.6 Kalpsutra Chemicals Pvt. Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Mane SA
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Robertet Group
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.9 S H Kelkar & Co. Limited
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.10 Symrise AG
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 T.Hasegawa Co. Ltd.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Takasago International Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Treatt
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis

List of Figures
Figure 1: Global: Fragrance Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Fragrance Ingredients Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fragrance Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Fragrance Ingredients Market: Breakup by Type (in %), 2022
Figure 5: Global: Fragrance Ingredients Market: Breakup by Source (in %), 2022
Figure 6: Global: Fragrance Ingredients Market: Breakup by Application (in %), 2022
Figure 7: Global: Fragrance Ingredients Market: Breakup by Region (in %), 2022
Figure 8: Global: Fragrance Ingredients (Natural Ingredients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Fragrance Ingredients (Natural Ingredients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Fragrance Ingredients (Synthetic Ingredients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Fragrance Ingredients (Synthetic Ingredients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Fragrance Ingredients (Flower) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Fragrance Ingredients (Flower) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Fragrance Ingredients (Fruits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Fragrance Ingredients (Fruits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Fragrance Ingredients (Vegetables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Fragrance Ingredients (Vegetables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Fragrance Ingredients (Plant Extracts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Fragrance Ingredients (Plant Extracts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Fragrance Ingredients (Hair Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Fragrance Ingredients (Hair Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Fragrance Ingredients (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Fragrance Ingredients (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Fragrance Ingredients (Fabric Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Fragrance Ingredients (Fabric Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Fragrance Ingredients (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Fragrance Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Fragrance Ingredients Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Fragrance Ingredients Industry: SWOT Analysis
Figure 78: Global: Fragrance Ingredients Industry: Value Chain Analysis
Figure 79: Global: Fragrance Ingredients Industry: Porter's Five Forces Analysis

List of Tables
Table 1: Global: Fragrance Ingredients Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fragrance Ingredients Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Fragrance Ingredients Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Fragrance Ingredients Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fragrance Ingredients Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fragrance Ingredients Market: Competitive Structure
Table 7: Global: Fragrance Ingredients Market: Key Players

Companies Mentioned

  • BASF SE
  • Fine Fragrance Pvt. Ltd
  • Firmenich SA (Sentarom SA)
  • Givaudan
  • International Flavors & Fragrances Inc.
  • Kalpsutra Chemicals Pvt. Ltd.
  • Mane SA
  • Robertet Group
  • S H Kelkar & Co. Limited
  • Symrise AG
  • T.Hasegawa Co. Ltd.
  • Takasago International Corporation
  • Treatt.

Methodology

Loading
LOADING...