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Global Fragrance Ingredients Market 2017-2021

Global Fragrance Ingredients Market 2017-2021

About Fragrance Ingredients

Fragrance ingredients are the components that are used in the products such as cosmetics, soaps, and detergents to add a pleasant fragrance to the products. Fragrance ingredients are classified as essential oils and aromatic chemicals and are produced from either natural source, such as plants, or petrochemicals or a by-product of the paper and pulp industry.

Technavio’s analysts forecast the global fragrance ingredients market to grow at a CAGR of 5.78% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global fragrance ingredients market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price of the product.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Fragrance Ingredients Market 2017-2021 , has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • BASF
  • Firmenich
  • Givaudan
  • International Flavors & Fragrances
  • MANE
Other prominent vendors
  • Frutarom
  • Huabao International Holdings
  • Parfex
  • Symrise
  • Takasago International
  • Vigon International
Market driver
  • Growing demand for cosmetic products
  • For a full, detailed list, view our report
Market challenge
  • Low shelf life
  • For a full, detailed list, view our report
Market trend
  • Growing preference for natural ingredients
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Fragrance Ingredients Market 2017-2021

Technavio recognizes the following companies as the key players in the global fragrance ingredients market: BASF, Firmenich, Givaudan, International Flavors & Fragrances, and MANE

Other Prominent Vendors in the market are: Frutarom, Huabao International Holdings, Parfex, Symrise, Takasago International, and Vigon International.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing preference for natural ingredients. The demand for natural fragrance ingredients that are derived from plants, animals, or fruits is quite high as compared to synthetic aroma chemicals. This can be attributed to the growing consciousness toward the harmful effects of such chemicals on the skin. Fragrance ingredients used in deodorants, hair oils, perfumes, and detergents when used or applied directly on the skin cause skin irritations. Therefore, the demand for natural fragrance ingredients is expected to grow over synthetic chemicals. This will moderately have a negative impact on the global fragrance ingredients market during the forecast period.”

According to the report, one of the major drivers for this market is Growing demand for cosmetic products. The aged population count is increasing around the world, which is subsequently resulting in the high demand for anti-aging products such as creams, moisturizers, and anti-wrinkle products. This is likely to drive the growth in the global fragrance ingredients market to a significant extent during the forecast period. The high demand can also be attributed to the growing importance on grooming and desire to look younger than the actual age.

Further, the report states that one of the major factors hindering the growth of this market is Low shelf life. Essential oils are classified into top, middle, and base notes. Top notes such as lemon, ergamot, cajuput, caraway, citronella, cumin, eucalyptus, grapefruit, lemongrass, lime, mandarin, niaouli, and orange essential oils are classified as highly volatile substances and can evaporate easily. Base notes such as benzoin, cedarwood, cinnamon leaf, clove, myrrh, patchouli, rockrose (ciste/labdanum), sandalwood, and vetiver essential oils are less volatile as compared to the top notes. Citrus oils that include lemon, orange, and lime are the most preferred essential oils over the past decade. However, characteristics such as high volatility affect the shelf life of the essential oils. Therefore, the lower shelf life of essential oils will affect the demand for essential oils during the forecast period.

Companies Mentioned

BASF, Firmenich, Givaudan, International Flavors & Fragrances, MANE, Frutarom, Huabao International Holdings, Parfex, Symrise, Takasago International, and Vigon International.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market overview
    • Value chain
      • Table Value chain of fragrance ingredients
  • Market landscape
    • Market overview
      • Table Global fragrance ingredients market
    • Market size and forecast
      • Table Global fragrance ingredients market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Global fragrance ingredients market by type
      • Table Global fragrance ingredients market by type 2016
      • Table Global fragrance ingredients market by type 2021
    • Global fragrance ingredients market by essential oils
      • Table Global fragrance ingredients market by essential oils 2016 and 2021 ($ billions)
      • Table Types of plants containing essential oils
    • Global fragrance ingredients market by aroma chemicals
      • Table Global fragrance ingredients market by aroma chemicals ($ billions)
      • Table Global aroma chemicals consumption by type 2016
  • Regional landscape
    • Geographical segmentation
      • Table Market size & forecast
    • Regional comparison
      • Table Regional comparison
    • Fragrance ingredients market in Americas
      • Table Fragrance ingredients market in Americas 2016 and 2021 ($ billions)
      • Table Americas - Year-over-year growth
    • Fragrance ingredients market in EMEA
      • Table EMEA - market size & forecast
      • Table EMEA - Year-over-year growth
      • Table Laundry care market in Europe 2016
    • Fragrance ingredients market in APAC
      • Table Fragrance ingredients market in APAC 2016 and 2021 ($ billions)
      • Table APAC - Year-over-year growth
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing preference for natural ingredients
    • Increasing mergers and acquisitions (M&As)
    • Diversified business portfolios by vendors
  • Vendor landscape
    • Competitive scenario
    • Key market vendors
      • Table Global engineering plastics market: Major vendors
    • Other prominent vendors
  • Key vendor analysis
    • BASF
      • Table BASF: Business segmentation by revenue 2016
      • Table BASF: Geographical segmentation by revenue 2016
    • Firmenich
      • Table Firmenich: Business segmentation by revenue 2016
      • Table Firmenich: Geographic segmentation by revenue 2016
    • Givaudan
      • Table Givaudan: Business segmentation by sales 2016
      • Table Givaudan: Flavor division sales by end user segment 2016
      • Table Givaudan: Fragrance division sales by end-user segment 2016
      • Table Givaudan: Segmentation by region 2016
    • International Flavors & Fragrances
      • Table International Flavors & Fragrances: Business segmentation by revenue 2016
      • Table International Flavors & Fragrances: Geographic segmentation by revenue 2016
    • MANE
      • Table MANE: Business segmentation by revenue 2016
      • Table MANE: Geographic segmentation by revenue 2016
  • Appendix
    • List of abbreviations
  • Explore Technavio

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