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Global Fragrance Research Report- Forecast to 2023

Global Fragrance Research Report- Forecast to 2023

Fragrance is referred as blend of chemical compounds which is characterised by having olfactive properties. Fragrance is incorporated in order to impart peculiar and unique odorous characteristics into the preparations. Fragrance industry holds a major share in the cosmetics and personal care industries as a major ingredients used in the products. Fragrance are used as the major ingredient in spray perfumes, cosmetics, soaps & detergents, incense, body care and home care products. Fragrance are produced at par with the international regulations. Fragrance produced by the manufacturers undergo stringent quality check before getting certification of approval for further production.
The demand of fragrance is increasing at a fast pace in the Asia Pacific and Middle East region owing to the increasing young population. Also, mounting growth of online retail distribution in developing economies such as Asia Pacific is anticipated to augment the growth of perfumery products due to the economical and discounted price offered by the e-commerce companies. Moreover, product innovations by the perfumery manufacturers is expected to propel the sales of fragrance in the near future. The demand for products like scented candles, perfumes and expensive fine fragrances increases in the festive season, mostly in Asia Pacific region. Consumers have more inclination towards the gifting trend to cope up with the changing social dynamics. Companies have started offering a wide range of gifting products including gift sets and body wellness products to maintain the gifting culture in the population. Fragrance is one of the key ingredients in the skin care products. Skin care products find massive opportunity in the Middle East region due to several factors. For instance, due to the hijab law prominent in Middle Eastern countries, women in these countries are not allowed to go out in public without wearing the hijab, which covers the entire body except face. Thus, the Middle East women tends to focus more on face beautification products including skin whitening and color cosmetics. Thus, the rising demand for skin whitening products and color cosmetics in the Asia and Middle East market are expected to augment growth of fragrance.
Technological advancement is one of the key factors which are driving the global fragrance market. Development in processing technologies as well as modifications in the product quality, packaging and visual appearance has resulted in increasing demand of fine fragrance in personal care products. Long lasting odour control and new methods such as solvent extraction for the extraction of essential oils and aroma from plant are some of the new developments in this industry. Over the decades, extraction and blending techniques has improved and has become efficient and more cost-effective. Use of advanced technologies have supported the key industrial players all over the world in bringing innovations in their product line thereby attracting consumers towards their offerings. Aromatherapy market is expected to expand at a high pace in the near future. Increasing consumer inclination towards therapeutic uses of essential oils has led to the growth of the aromatherapy market. There are various factors driving the growth of aromatherapy market. For instance, a large pool of the patient population opting for essential oils and carrier oils for aromatherapy massages, which is expected to boost the growth of the fragrance. Growing sales of essential oils for home usage is a key factor responsible for enhancing the revenue of the fragrance over the forecast period.
Key Players
The leading market players in the global fragrance market primarily are Givaudan SA (Switzerland), International Flavors & Fragrances, Inc. (U.S.), Firmenich International SA (Switzerland), Symrise AG (Germany), Takasago International Corporation (Japan), V. MANE FILS SA (France), Sensient Technologies Corporation (U.S.)

Study Objectives of fragrance Market Forecast to 2023
• Detailed analysis for individual micro and macro markets for fragrance
• To estimate market size by Type, Application and Region
• To understand the supply and demand dynamics of fragrance
• Company profiling of major players & competitive positioning for the fragrance market
• Value chain analysis and supply chain analysis of fragrance
• Analysis of historical market trends, and technologies, and current government regulatory requirements related to fragrance market

Target Audience
• Fragrance manufacturers
• Perfume industries
• Cosmetic industries
• Retailers and wholesalers
• Traders, importers and exporters

Key Findings
• Synthetic fragrance will dominate the fragrance market and is projected to reach USD 11,838.77 million by 2023 at a CAGR of 4.80% in terms of value. However, natural segment is projected to grow at the highest CAGR of 6.41% to reach USD 5,661.26 million by 2023.
• Cosmetics & toiletry dominated the fragrance market and is projected to reach USD 4,109.66 million by 2023 and will register a healthy CAGR of 5.20% during the forecast period. Fine fragrance segment is projected to reach USD 3,541.44 million by the end of 2023, registering the highest CAGR of 5.78% during the forecast period from 2017 to 2023.
Regional and Country Analysis of fragrance market development and demand Forecast to 2023 Market
As per the MRFR analysis, globally, the fragrance market, by region, North America dominated the market and is projected to reach USD 5,803.01 million by 2023 at a CAGR of 4.80% from 2017 to 2023 in terms of value. Asia Pacific is also considered to be one of the attractive markets for the fragrance manufacturers and is projected to grow at the highest CAGR of 6.20% from 2017 to 2023.
The reports also cover country level analysis:
North America
• U.S.
• Canada
• Puerto Rico

Europe
• Germany
• France
• U.K.
• Italy
• Spain
• Russia
• Poland
• Turkey
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Thailand
• Indonesia
• Philippines
• South Korea
• Vietnam
• Rest of APAC
Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America

Rest of the World
• Nigeria
• South Africa
• Egypt
• Rest of Africa
• Middle East


1 Executive Summary
2 Introduction
2.1 Definition
2.1.1 Fragrance
2.1.2 History Of Fragrance
2.1.3 Trends In Fragrance Market
2.1.4 Organisations Active In Fragrance Market
2.2 Scope Of The Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.5 Market Structure
2.5.1 Global Fragrance Market, By Type
2.5.2 Global Fragrance Market, By Application
2.5.3 Global Fragrance Market, By Region
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Premium Insights
4.1 Global Fragrance Market: Market Mapping & Research Methodology
4.2 Market Overview: Global Fragrance Market
4.3 Industry Trends And Market Environment: Global Fragrance Market
5 Market Dynamics
5.1 Introduction
5.2 Drivers:
5.2.1 Bolstering Growth Of Perfumery Products:
5.2.2 Increasing Affinity Towards Skin Lightning & Colour Cosmetic Products:
5.2.3 Increasing Prevalence Towards Male Centric Cosmetic Products Coupled With Robust Growth Of Men Grooming Products :
5.3 Restraints:
5.3.1 Continuous Product Development With Changing Consumer Preference:
5.3.2 High Dependence On Product Promotions:
5.4 Opportunities:
5.4.1 Rising Consumer Preference Towards Aromatherapy:
5.4.2 Product Innovations:
5.5 Challenges:
5.5.1 Allergies & Intolerance:
5.5.2 Stringent Regulations:
5.6 Pestle Analysis – Global Fragrance Market
6 Market Factor Analysis
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Porter's Five Forces
6.4.1 Porter's 5 Forces Analysis: Fragrance Market
6.4.2 Threat Of New Entrants
6.4.3 Threat Of Substitutes
6.4.4 Bargaining Power Of Buyers
6.4.5 Bargaining Power Of Suppliers
6.4.6 Intensity Of Rivalry
7 Global Fragrance Market, By Type
7.1 Introduction
7.2 Global Fragrance Market Segmentation, By Type
7.2.1 Natural
7.2.2 Synthetic
8 Global Fragrance Market, By Application
8.1 Introduction
8.2 Global Fragrance Market- By Application
8.2.1 Fine Fragrance (Perfumes)
8.2.2 Cosmetics & Toiletry (Without Hair Care)
8.2.3 Hair Care
8.2.4 Essential Oils & Aromatherapy
8.2.5 Household & Air Care
8.2.6 Soap
8.2.7 Detergent
8.2.8 Tobacco
8.2.9 Others
9 Global Fragrance Market, By Region
9.1 Global Fragrance Market, By Region
10 North America Fragrance Market Analysis
10.1 North America Fragrance Market, By Country
10.2 North America Fragrance Market, By Application
10.3 U.S.
10.4 Canada
10.5 Puerto Rico
11 Europe Fragrance Market Analysis
11.1 Europe Fragrance Market, By Country
11.2 Europe Fragrance Market, By Application
11.3 Germany
11.4 France
11.5 U.K.
11.6 Italy
11.7 Spain
11.8 Russia
11.9 Poland
11.1 Turkey
11.11 Rest Of Europe
12 Asia Pacific Fragrance Market Analysis
12.1 Asia Pacific Fragrance Market, By Country
12.2 Asia Pacific Fragrance Market, By Application
12.3 China
12.4 India
12.5 Japan
12.6 Thailand
12.7 Indonesia
12.8 Philippines
12.9 South Korea
12.1 Vietnam
12.11 Rest Of Asia Pacific
13 Latin America Fragrance Market Analysis
13.1 Latin America Fragrance Market, By Country
13.2 Latin America Fragrance Market, By Application
13.3 Brazil
13.4 Argentina
13.5 Mexico
13.6 Rest Of Latin America
14 Rest Of The World Fragrance Market Analysis
14.1 Rest Of The World Fragrance Market, By Country
14.2 Rest Of The World Fragrance Market, By Application
14.3 Nigeria
14.4 South Africa
14.5 Egypt
14.6 Rest Of Africa
14.7 Middle East
15 Competitive Landscape
16 Major Manufacturers Of Fragrance Analysis
16.1 Givaudan Sa
16.1.1 Company Profile
16.1.2 Company Snapshot
16.1.3 Product And Specifications
16.1.4 Key Development
16.1.5 Business Strategy
16.1.6 Swot Analysis
16.2 International Flavors & Fragrance, Inc.
16.2.1 Company Profile
16.2.2 Company Snapshot
16.2.3 Product And Specifications
16.2.4 Key Developments
16.2.5 Business Strategy
16.2.6 Swot Analysis
16.3 Firmenich International Sa
16.3.1 Company Profile
16.3.2 Company Snapshot
16.3.3 Product And Specifications
16.3.4 Key Developments
16.3.5 Business Strategy
16.3.6 Swot Analysis
16.4 Symrise Ag
16.4.1 Company Profile
16.4.2 Company Snapshot
16.4.3 Product And Specifications
16.4.4 Key Developments
16.4.5 Business Strategy
16.4.6 Swot Analysis
16.5 Takasago International Corporation
16.5.1 Company Profile
16.5.2 Company Snapshot
16.5.3 Product And Specifications
16.5.4 Key Developments
16.5.5 Business Strategy
16.5.6 Swot Analysis
16.6 V. Mane Fils Sa
16.6.1 Company Profile
16.6.2 Company Snapshot
16.6.3 Product & Specification
16.6.4 Key Developments
16.6.5 Business Strategy
16.6.6 Swot Analysis
16.7 Sensient Technologies Corporation
16.7.1 Company Profile
16.7.2 Company Snapshot
16.7.3 Product And Specifications
16.7.4 Key Developments
16.7.5 Business Strategy
16.7.6 Swot Analysis
List Of Tables:
Table 1 Pestle Analysis-india
Table 2 Pestle Analysis- U.S.
Table 3 Pestle Analysis- Germany
Table 4 Global Fragrance Market, By Type (2010-2016), (Usd Mn)
Table 5 Global Fragrance Market, By Type (2017-2023), (Usd Mn)
Table 6 Global Fragrance Market, By Application (2010-2016), Usd Mn
Table 7 Global Fragrance Market, By Application (2017-2023), Usd Mn
Table 8 Global Fragrance Market, By Region (2010-2016), Usd Mn
Table 9 Global Fragrance Market, By Region (2017-2023), Usd Mn
Table 10 North America Fragrance Market, Value (2010-2016), Usd Mn
Table 11 North America Fragrance Market, Value (2017-2023), Usd Mn
Table 12 North America Fragrance Market, By Application (2010-2016), Usd Mn
Table 13 North America Fragrance Market, By Application (2017-2023), Usd Mn
Table 14 U.S. Fragrance Market, By Application (2010-2016), Usd Mn
Table 15 U.S. Fragrance Market, By Application (2017-2023), Usd Mn
Table 16 Canada Fragrance Market, By Application (2010-2016), Usd Mn
Table 17 Canada Fragrance Market, By Application (2017-2023), Usd Mn
Table 18 Puerto Rico Fragrance Market, By Application (2010-2016), Usd Mn
Table 19 Puerto Rico Fragrance Market, By Application (2017-2023), Usd Mn
Table 20 Europe Fragrance Market, Value (2010-2016), Usd Mn
Table 21 Europe Fragrance Market, Value (2017-2023), Usd Mn
Table 22 Europe Fragrance Market, By Application (2010-2016), Usd Mn
Table 23 Europe Fragrance Market, By Application (2017-2023), Usd Mn
Table 24 Germany Fragrance Market, By Application (2010-2016), Usd Mn
Table 25 Germany Fragrance Market, By Application (2017-2023), Usd Mn
Table 26 France Fragrance Market, By Application (2010-2016), Usd Mn
Table 27 France Fragrance Market, By Application (2017-2023), Usd Mn
Table 28 U.K. Fragrance Market, By Application (2010-2016), Usd Mn
Table 29 U.K. Fragrance Market, By Application (2017-2023), Usd Mn
Table 30 Italy Fragrance Market, By Application (2010-2016), Usd Mn
Table 31 Italy Fragrance Market, By Application (2017-2023), Usd Mn
Table 32 Spain Fragrance Market, By Application (2010-2016), Usd Mn
Table 33 Spain Fragrance Market, By Application (2017-2023), Usd Mn
Table 34 Russia Fragrance Market, By Application (2010-2016), Usd Mn
Table 35 Russia Fragrance Market, By Application (2017-2023), Usd Mn
Table 36 Poland Fragrance Market, By Application (2010-2016), Usd Mn
Table 37 Poland Fragrance Market, By Application (2017-2023), Usd Mn
Table 38 Turkey Fragrance Market, By Application (2010-2016), Usd Mn
Table 39 Turkey Fragrance Market, By Application (2017-2023), Usd Mn
Table 40 Rest Of Europe Fragrance Market, By Application (2010-2016), Usd Mn
Table 41 Rest Of Europe Fragrance Market, By Application (2017-2023), Usd Mn
Table 42 Asia Pacific Fragrance Market, Value (2010-2016), Usd Mn
Table 43 Asia Pacific Fragrance Market, Value (2017-2023), Usd Mn
Table 44 Asia Pacific Fragrance Market, By Application (2010-2016), Usd Mn
Table 45 Asia Pacific Fragrance Market, By Application (2017-2023), Usd Mn
Table 46 China Fragrance Market, By Application (2010-2016), Usd Mn
Table 47 China Fragrance Market, By Application (2017-2023), Usd Mn
Table 48 India Fragrance Market, By Application (2010-2016), Usd Mn
Table 49 India Fragrance Market, By Application (2017-2023), Usd Mn
Table 50 Japan Fragrance Market, By Application (2010-2016), Usd Mn
Table 51 Japan Fragrance Market, By Application (2017-2023), Usd Mn
Table 52 Thailand Fragrance Market, By Application (2010-2016), Usd Mn
Table 53 Thailand Fragrance Market, By Application (2017-2023), Usd Mn
Table 54 Indonesia Fragrance Market, By Application (2010-2016), Usd Mn
Table 55 Indonesia Fragrance Market, By Application (2017-2023), Usd Mn
Table 56 Phillipines Fragrance Market, By Application (2010-2016), Usd Mn
Table 57 Phillipines Fragrance Market, By Application (2017-2023), Usd Mn
Table 58 South Korea Fragrance Market, By Application (2010-2016), Usd Mn
Table 59 South Korea Fragrance Market, By Application (2017-2023), Usd Mn
Table 60 Vietnam Fragrance Market, By Application (2010-2016), Usd Mn
Table 61 Vietnam Fragrance Market, By Application (2017-2023), Usd Mn
Table 62 Rest Of Asia Pacific Fragrance Market, By Application (2010-2016), Usd Mn
Table 63 Rest Of Asia Pacific Fragrance Market, By Application (2017-2023), Usd Mn
Table 64 Latin America Fragrance Market, Value (2010-2016), Usd Mn
Table 65 Latin America Fragrance Market, Value (2017-2023), Usd Mn
Table 66 Latin America Fragrance Market, By Application (2010-2016), Usd Mn
Table 67 Latin America Fragrance Market, By Application (2017-2023), Usd Mn
Table 68 Brazil Fragrance Market, By Application (2010-2016), Usd Mn
Table 69 Brazil Fragrance Market, By Application (2017-2023), Usd Mn
Table 70 Argentina Fragrance Market, By Application (2010-2016), Usd Mn
Table 71 Argentina Fragrance Market, By Application (2017-2023), Usd Mn
Table 72 Mexico Fragrance Market, By Application (2010-2016), Usd Mn
Table 73 Mexico Fragrance Market, By Application (2017-2023), Usd Mn
Table 74 Rest Of Latin America Fragrance Market, By Application (2010-2016), Usd Mn
Table 75 Rest Of Latin America Fragrance Market, By Application (2017-2023), Usd Mn
Table 76 Rest Of The World Fragrance Market, Value (2010-2016), Usd Mn
Table 77 Rest Of The World Fragrance Market, Value (2017-2023), Usd Mn
Table 78 Rest Of The World Fragrance Market, By Application (2010-2016), Usd Mn
Table 79 Rest Of The World Fragrance Market, By Application (2017-2023), Usd Mn
Table 80 Nigeria Fragrance Market, By Application (2010-2016), Usd Mn
Table 81 Nigeria Fragrance Market, By Application (2017-2023), Usd Mn
Table 82 South Africa Fragrance Market, By Application (2010-2016), Usd Mn
Table 83 South Africa Fragrance Market, By Application (2017-2023), Usd Mn
Table 84 Egypt Fragrance Market, By Application (2010-2016), Usd Mn
Table 85 Egypt Fragrance Market, By Application (2017-2023), Usd Mn
Table 86 Rest Of Africa Fragrance Market, By Application (2010-2016), Usd Mn
Table 87 Rest Of Africa Fragrance Market, By Application (2017-2023), Usd Mn
Table 88 Middle East Fragrance Market, By Application (2010-2016), Usd Mn
Table 89 Middle East Fragrance Market, By Application (2017-2023), Usd Mn
Table 90 Competive Landscaping: Global Fragrance Market: By Strategy (20012-2017)
Table 91 Product Overview
Table 92 Key Development
Table 93 Product Overview
Table 94 Product Overview
Table 95 Key Developments
Table 96 Product Overview
Table 97 Key Developments
Table 98 Product Overview
Table 99 Key Developments
Table 100 Product Overview
Table 101 Key Developments
Table 102 Product Overview
Table 103 Key Dvelopments
List Of Figures:
Figure 1 Research Process Of Mrfr
Figure 2 Primary Research Process
Figure 3 Secondary Research Process: Top Down & Bottom Up Approach
Figure 4 Forecast Model
Figure 5 Market Segmentation: Global Fragrance Market
Figure 6 Product Lifecyle: Global Fragrance Market
Figure 7 Product Lifecyle: Global Fragrance Market, By Region
Figure 8 Drivers & Restraints Impact Analysis Of Fragrance
Figure 9 Value Chain Analysis Of Global Fragrance Market
Figure 10 General Production Process: Global Fragrance Market
Figure 11 Supply Chain Analysis Of Global Fragrance Market
Figure 12 Porter's 5 Forces Analysis Of Global Fragrance Market
Figure 13 Global Fragrance Market, By Type Usd Mn
Figure 14 Global Fragrance Market, By Application
Figure 15 Global Fragrance Market, By Region
Figure 16 Global Fragrance Market: Market Share Analysis
Figure 17 Global Fragrance Market:strategy Analysis
Figure 18 Global Fragrance Market: Market Development (2010-2017)
Figure 19 Givaudan Sa:company Snapshot
Figure 20 Givaudan Sa: Swot Analysis
Figure 21 International Flavors & Fragrance, Inc.: Company Snapshot
Figure 22 International Flavors & Fragrance, Inc.: Swot Analysis
Figure 23 Firmenich International Sa: Company Snapshot
Figure 24 Firmenich International Sa: Swot Analysis
Figure 25 Symrise Ag:company Snapshot
Figure 26 Symrise Ag: Swot Analysis
Figure 27 Takasago International Corporation: Company Snapshot
Figure 28 Takasago International Corporation: Swot Analysis
Figure 29 V. Mane Fils Sa: Company Snapshot
Figure 30 V. Mane Fils Sa: Swot Analysis
Figure 31 Sensient Technologies Corporation: Company Snapshot
Figure 32 Sensient Technologies Corporation: Swot Analysis

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