Fragrance Ingredients Market Expanded Across The World With The Presence Of Numerous Players & Expected To Register Significant Growth Till The End Of Forecast Period.
According to the market research report “Fragrance Ingredients Market: By Raw-Materials (Essential Oils, Aroma Chemicals, Herbal distillates and Others);By End-user (Personal Care, Consumer Care and Others) & Geography – Forecast (2016-2021)”, published by IndustryARC, estimates that North America & APAC will occupy the most of the shares during forecast period.
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The Fragrance Ingredients Market deals with the production of ingredients derived from petroleum or natural raw materials for fragrance or perfume. Fragrance can be defined as an amalgamation of chemicals that gives cologne as its distinct aroma.
Generally, fragrance is used to enhance body odour.
The raw materials used to make fragrance ingredients are essential oils, aroma chemicals, herbal distillates and others. Using natural fragrance ingredients many products are being made such as deodorants, hair oils, perfumes, detergents, essential oils and soaps and others.
Perfume ingredients play a key role in imparting signature fragrances to a wide range of cosmetics they are used in.
Scope & Regional Forecast of the Fragrance Ingredients Market
Increasing demand for natural fresh fragrances and changing consumer preferences towards aromatic cosmetics and personal care products are the two of the major factors which are driving significant growth for the Fragrance Ingredients Market. With the presence of numerous players this market is being diversified and fragmented in nature.
In addition, growing demand for fragrances such as deodorants, perfumes and mists is augmenting the market with positive growth rate.
Higher costs for research and development and heavy production costs due to compliances are the key restrains for the Fragrance Ingredients Market. In addition, the variable cost parameter and ban on key raw ingredients is expected to increase due to stringent regulatory guidelines being adopted in most of the countries.
But, the demand for fragrance products is growing at a faster pace due to its benefits in end use applications like personal care and consumer care.
Europe is leading the Fragrance Ingredients Market by holding major market shares, followed by North America. Asia-Pacific is registering the significant growth rate as it the major consumer of fragrance ingredients.
Asia-Pacific is expected to register substantial growth rate due to growing number of manufacturing industries. Increasing demand for room fresheners, car air fresheners and some other fresheners sue to continuous innovation from across all most all regions is driving great demand and growth for the market.
Segmentations & Key Players Involved in the Fragrance Ingredients Market
The Fragrance Ingredients Market can be broken down into various segmentations on the basis of -
- Raw-Materials Types: Essential Oils, Aroma Chemicals, Herbal distillates and Others.
- Applications: Personal Care, Consumer Care and Others.
- Region: North America, Europe, Asia-Pacific and Rest of the World.
Some of the key players involved in the Fragrance Ingredients Market are as follows:
- A & E Connock Ltd
- Bell Flavors & Fragrances
- Alexami Cosmetics
- Graham Chemical Corporation
- Organica Aromatics Pvt Ltd
Why access this report?
* The overall market has been consolidated from the perspective of different geographic locations and key economies for this market.
* Identifies growth sectors and factors driving or constraining the market.
* The market is analyzed based on the key attributes such as the power in the hands of producers and consumers, analysis on the degree of competition, and threats from substitutes and new entrants.
* The study includes the demand of this particular market on a global and regional scale for a five year period of 2016 - 2021, to assess how the market will develop.
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