NEW
YORK, Aug. 8, 2024 /PRNewswire/ -- The global
fragrance ingredients market size is estimated to grow by
USD 3.82 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of over 4.6% during the forecast period. Growing demand
for cosmetic products is driving market growth, with a
trend towards growing preference for natural ingredients.
However, low shelf life poses a challenge. Key market
players include AARAV Flavors and Fragrances Pvt. Ltd., Alpha
Aromatics Inc., BASF SE, BRENNTAG SE, CPL Aromas, Ernesto Ventos
SA, Fine Fragrances, Firmenich SA, Givaudan SA, Huabao
International Holdings Ltd., International Flavors and Fragrances
Inc., Joh. Vogele KG., Kalpsutra Chemicals Pvt. Ltd., La Scenteur
Fragrance Technology Pvt. Ltd., Risdon International, Robertet SA,
S H Kelkar and Co. Ltd., Sensient Technologies Corp., Symrise AG,
Takasago International Corp., and V. Mane Fils.
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Fragrance
Ingredients Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.6%
|
Market growth
2024-2028
|
USD 3820.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.32
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
38%
|
Key
countries
|
Germany, US, UK,
Canada, and China
|
Key companies
profiled
|
AARAV Flavors and
Fragrances Pvt. Ltd., Alpha Aromatics Inc., BASF SE, BRENNTAG SE,
CPL Aromas, Ernesto Ventos SA, Fine Fragrances, Firmenich SA,
Givaudan SA, Huabao International Holdings Ltd., International
Flavors and Fragrances Inc., Joh. Vogele KG., Kalpsutra Chemicals
Pvt. Ltd., La Scenteur Fragrance Technology Pvt. Ltd., Risdon
International, Robertet SA, S H Kelkar and Co. Ltd., Sensient
Technologies Corp., Symrise AG, Takasago International Corp., and
V. Mane Fils
|
Market Driver
The natural fragrance ingredients market is experiencing
significant growth due to increasing consumer preference for
plant-derived, animal-derived, and fruit-derived scents over
synthetic aroma chemicals. This trend is driven by concerns about
the potential skin irritations caused by synthetic fragrance
ingredients when used in personal care products such as deodorants,
hair oils, perfumes, and detergents. The Blossom Lab, a new
research facility in Grasse, France, is designed to source natural
fragrance ingredients from immersive research sites worldwide,
further fueling this trend. As a result, the global fragrance
ingredients market is projected to grow at an impressive rate
during the forecast period.
The fragrance ingredients market is thriving, driven by the
growing demand for aromatic products in various sectors. Natural
fragrance ingredients, including essential oils and herbal
extracts, are gaining popularity due to their eco-friendly appeal
and minimal toxic effect on human skin. However, synthetic
compounds continue to dominate the market, particularly in fine
fragrances, perfumes, and alcohol-based offerings. Key fragrance
ingredients include top tones like amber, cinnamon, orange clove;
mid-tones such as sandalwood, vetiver, rose, and neroli; and base
tones like rose and neroli. The fragrance ingredients industry
serves various consumer goods, including perfumery, cosmetics,
household cleaning supplies, and aromatherapy. The natural segment
is growing, driven by consumer preferences for organic fragrances.
Renewable ingredients are also gaining traction, as are
eco-friendly alternatives to traditional chemicals. The synthetic
segment remains significant, particularly in sectors like
hospitals, medical emergency services, hand sanitizers, and
industrial applications. The fragrance ingredients industry caters
to various sectors, including Personal Care (shampoo, shower gel),
Hair Care, Fabric Care, and the cosmetic industry (shampoo, shower
gel, fine fragrances). Renewed focus on sustainability and consumer
safety is expected to drive innovation and growth in the
sector.
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Market Challenges
- Essential oils are an essential component of the fragrance
ingredients market, with top notes like lemon,
bergamot, cajuput, caraway, citronella, cumin, eucalyptus,
grapefruit, lemongrass, lime, mandarin, niaouli, and orange being
highly volatile and easily evaporated. Base notes such as benzoin,
cedarwood, cinnamon leaf, clove, myrrh, patchouli, rockrose
(ciste/labdanum), sandalwood, and vetiver are less volatile and
provide the base scent. Citrus oils, specifically lemon, orange,
and lime, have been popular choices in the market over the last
decade. However, their short shelf life, due to high volatility,
may negatively impact the demand and growth of the fragrance
ingredients market during the forecast period.
- The fragrance ingredients market faces several challenges in
various segments. Fixatives like benzoic acid and toluene pose
sustainability concerns. Oleoresins, distillates,
fractions, concretes, and absolutes from plant extracts, such
as flowers, fruits, and vegetables, are popular but face supply
inconsistencies. Odors from incense sticks and laundry, toiletries,
households, candles, and fine fragrance items require eco-friendly,
customized, and bio-based solutions. Chemical ingredients,
including synthetic fragrances, raise concerns for skin irritation
and health effects. The personal care segment seeks cleanliness and
personal hygiene solutions, while the therapeutic applications
segment targets anxiety and stress relief. Sourcing sustainable,
high-quality ingredients from plants is crucial. Arachnology and
therapeutic applications expand the market, but their fragrance
ingredients require careful consideration. The natural ingredients
segment, including organic compounds, is growing, while the
synthetic ingredients segment faces increasing regulations.
Overall, the fragrance ingredients market demands innovation,
sustainability, and customization.
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Segment Overview
This fragrance ingredients market report extensively covers
market segmentation by
- Application
- 1.1 Personal care
- 1.2 Fabric care
- 1.3 Hair care
- 1.4 Others
- Type
- 2.1 Essential oils
- 2.2 Aroma chemicals
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Personal care- The personal care market,
specifically fragrance ingredients, is thriving due to the
expanding e-commerce industry and increasing consumer preference
for online shopping. The convenience and accessibility offered by
e-retail platforms have led to a surge in demand for personal care
products. This segment primarily consists of face and body skincare
items, such as anti-aging products, moisturizers, and skin
brighteners. Consumers seek high-quality, value-added products at
affordable prices. Multifunctional skincare solutions are
increasingly popular due to their distinct benefits for facial and
body care. The growing awareness of skin health and the trend
towards natural and organic products are additional factors driving
market growth. Furthermore, factors like rising disposable income,
a growing middle class, urbanization, and heavy promotions
contribute to the market's expansion during the forecast
period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The fragrance ingredients market encompasses a wide range of
aromatic products used in various consumer goods. Natural fragrance
ingredients, derived from plants, fruits, flowers, trees, spices,
and herbs, offer an authentic and appealing scent. In contrast,
synthetic compounds, made from chemicals, provide consistent and
long-lasting fragrances. Organic fragrances, a subset of natural
fragrances, are gaining popularity due to their eco-friendly and
non-toxic nature. The fragrance ingredients industry caters to
diverse sectors, including cosmetics, consumer goods, household
cleaning supplies, and fine fragrance items. Human skin absorption
and potential toxic effects of synthetic ingredients are concerns,
leading to a growing demand for natural and organic alternatives.
Extracts from various sources, such as fruits, flowers, and trees,
are essential components of fragrance ingredients. Incense sticks,
laundry, toiletries, households, candles, and laundry also utilize
fragrance ingredients to enhance their sensory appeal.
Market Research Overview
The fragrance ingredients market encompasses a wide range of
aromatic products used in various industries and applications.
Natural fragrance ingredients, derived from plants, flowers,
fruits, trees, spices, and herbs, offer an authentic and
eco-friendly alternative to synthetic compounds. These natural
ingredients include essential oils, extracts, oleoresins,
distillates, fractions, concretes, and absolutes. Synthetic
fragrance ingredients, on the other hand, are chemicals designed to
mimic natural scents and provide longer-lasting fragrances.
Fragrance ingredients are used in a multitude of consumer goods and
industries, such as perfumes, essential oils, aromatherapy,
cosmetics, personal care, fabric care, and household cleaning
supplies. They are also used in industries like hospitals, medical
emergency services, and hand sanitizers. Human skin can be
sensitive to some fragrance ingredients, leading to allergies, lung
irritation, and dermatitis. Therefore, there is a growing demand
for eco-friendly fragrance ingredients and renewable ingredients.
The fragrance ingredients industry includes top tones, mid-tones,
and base tones, with popular fragrances including amber, cinnamon,
orange clove, sandalwood, vetiver, rose, and neroli. Fragrance
ingredients are used in various applications, such as fine
fragrances, room fresheners, soap, detergent, hair care, and
deodorants. They are also used in home goods, such as candles,
incense sticks, and laundry. Eco-friendly fragrance ingredients,
customized perfumes, and environment-friendly products are gaining
popularity due to increasing consumer awareness and concern for the
environment. Some common fragrance ingredients include
petrochemicals, fixatives, and odors. Petrochemicals are derived
from non-renewable resources, while fixatives help prolong the
fragrance's longevity. Odors can be natural or synthetic and are
used to create specific scents. Fragrance ingredients play a
crucial role in creating signature scents and enhancing the sensory
experience of various consumer goods. However, it is essential to
ensure that they are safe for human use and do not have toxic
effects. The fragrance ingredients industry continues to evolve,
with a focus on sustainability, innovation, and consumer
preferences.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Personal Care
- Fabric Care
- Hair Care
- Others
- Type
-
- Essential Oils
- Aroma Chemicals
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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