Fragrance Ingredients Market Size & Share 2021 to 2027
Market Size by Product (Natural Fragrance Ingredients [Flower-Based, Fruit-Based, Wood-Based, Spice-Based], Synthetic Fragrance Ingredients [Esters, Aldehydes, Musk Chemicals, Terpenes]), Application & Forecast.Download Free PDF
Report Coverage
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
1.5 Appendix
Chapter 2 Executive Summary
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Fragrance Ingredients Industry Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 of world economy
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.3.2.1 Collaboration/partnerships
3.3.2.2 Distributors
3.3.2.3 Retailer/Wholesalers
3.3.2.4 Impact of COVID-19 on value chain
3.4 Raw material trend
3.5 Pricing analysis
3.5.1 Regional pricing analysis
3.5.2 COVID-19 impact on pricing analysis
3.5.3 Cost structure analysis
3.6 Technology landscape
3.6.1 Essential oil production by steam/hydro distillation process
3.6.2 Essential oil production by solvent extraction
3.7 Regulatory landscape
3.7.1 U.S
3.7.2 Europe
3.7.3 Allowed active substances
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Asia Pacific: The growing detergent market
3.8.1.2 North America: Growing market for fragrances, cosmetics and personal care in the U.S.
3.8.1.3 Europe: Thegrowing fragrance market and increasing export of cosmetic products
3.8.2 Industry pitfalls & challenges
3.8.2.1 Harmful effects of synthetic fragrance ingredients
3.8.2.2 High price & short shelf life of natural fragrance ingredients
3.9 Innovation & sustainability
3.10 Growth potential analysis, 2016
3.10.1 Emerging business model
3.10.1.1 Collaborations/Joint Ventures
3.10.1.2 Acquisition
3.11 Porter’s analysis
3.12 Competitive landscape, 2017
3.12.1 Company market share analysis, 2017
3.12.2 Strategy dashboard
3.13 PESTEL analysis
3.14 COVID-19 impact on fragrance ingredients market, by application
3.14.1 Cosmetics
3.14.2 Toiletries
3.14.3 Fine Fragrances & Perfumes
3.14.4 Soaps & Detergents
3.14.5 Others
Chapter 4 Fragrance Ingredients Market, By Product
4.1 Key product trends
4.2 Natural fragrance ingredients market
4.2.1 Global natural fragrance ingredients market, 2016 – 2027
4.2.2 Global natural fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.2.3 Flower-based
4.2.3.1 Global flower-based fragrance ingredients market, 2016 – 2027
4.2.3.2 Global flower-based fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.2.4 Fruit-based
4.2.4.1 Global fruit-based fragrance ingredients market, 2016 – 2027
4.2.4.2 Global fruit-based fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.2.5 Wood-based
4.2.5.1 Global wood-based fragrance ingredients market, 2016 – 2027
4.2.5.2 Global wood-based fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.2.6 Spice-based
4.2.6.1 Global spice-based fragrance ingredients market, 2016 – 2027
4.2.6.2 Global spice-based fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3 Synthetic fragrance ingredients market
4.3.1 Global synthetic fragrance ingredients market, 2016 – 2027
4.3.2 Global synthetic fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.3 Esters
4.3.3.1 Global esters fragrance ingredients market, 2016 – 2027
4.3.3.2 Global esters fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.4 Aldehydes
4.3.4.1 Global aldehydes fragrance ingredients market, 2016 – 2027
4.3.4.2 Global aldehydes fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.5 Alcohols
4.3.5.1 Global alcohols fragrance ingredients market, 2016 – 2027
4.3.5.2 Global alcohols fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.6 Benzoids
4.3.6.1 Global benzoids fragrance ingredients market, 2016 – 2027
4.3.6.2 Global benzoids fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.7 Musk Chemicals
4.3.7.1 Global musk chemicals fragrance ingredients market, 2016 – 2027
4.3.7.2 Global musk chemicals fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.8 Terpenes
4.3.8.1 Global terpenes fragrance ingredients market, 2016 – 2027
4.3.8.2 Global terpenes fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
4.3.9 Others
4.3.9.1 Global others fragrance ingredients market, 2016 – 2027
4.3.9.2 Global others fragrance ingredients market, by region, 2016 -2027,(Kilo Tons) (USD Million)
Chapter 5 Fragrance Ingredients Market, By Application
5.1 Key application trends
5.2 Cosmetics
5.2.1 Global fragrance ingredients market from cosmetics application, 2016 – 2027
5.2.2 Global fragrance ingredients market volume and revenue from cosmetics application, by region, 2016 -2027,(Kilo Tons) (USD Million)
5.3 Toiletries
5.3.1 Global fragrance ingredients market from toiletries application, 2016 – 2027
5.3.2 Global fragrance ingredients market volume and revenue from toiletries application, by region, 2016 -2027,(Kilo Tons) (USD Million)
5.4 Fine Fragrances & Perfumes
5.4.1 Global fragrance ingredients market from fine fragrances & perfumes application, 2016 – 2027
5.4.2 Global fragrance ingredients market volume and revenue from fine fragrances & perfumes application, by region, 2016 -2027,(Kilo Tons) (USD Million)
5.5 Soaps & Detergents
5.5.1 Global fragrance ingredients market from soaps & detergents application, 2016 – 2027
5.5.2 Global fragrance ingredients market volume and revenue from soaps & detergents application, by region, 2016 -2027,(Kilo Tons) (USD Million)
5.6 Others
5.6.1 Global fragrance ingredients market from others application, 2016 – 2027
5.6.2 Global fragrance ingredients market volume and revenue from others application, by region, 2016 -2027,(Kilo Tons) (USD Million)
Chapter 6 Fragrance Ingredients Market, By Region
6.1 Key regional trends
6.2 North America
6.2.1 North America fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.2.2 North America fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.3 North America natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.4 North America fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.2.5 U.S.
6.2.5.1 U.S. fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.2.5.2 U.S. fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.5.3 U.S. natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.5.4 U.S. fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.2.6 Canada
6.2.6.1 Canada fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.2.6.2 Canada fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.6.3 Canada natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.6.4 Canada fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.2.7 Mexico
6.2.7.1 Mexico fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.2.7.2 Mexico fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.7.3 Mexico natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.2.7.4 Mexico fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.3 Europe
6.3.1 Europe fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.3.2 Europe fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.3 Europe natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.4 Europe fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.3.5 Germany
6.3.5.1 Germany fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.3.5.2 Germany fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.5.3 Germany natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.5.4 Germany fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.3.6 UK
6.3.6.1 UK fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.3.6.2 UK fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.6.3 UK natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.6.4 UK fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.3.7 Italy
6.3.7.1 Italy fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.3.7.2 Italy fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.7.3 Italy natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.7.4 Italy fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.3.8 France
6.3.8.1 France fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.3.8.2 France fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.8.3 France natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.8.4 France fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.3.9 Russia
6.3.9.1 Russia fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.3.9.2 Russia fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.9.3 Russia natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.3.9.4 Russia fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4 Asia Pacific
6.4.1 Asia Pacific fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.2 Asia Pacific fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.3 Asia Pacific natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.4 Asia Pacific fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.5 China
6.4.5.1 China fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.5.2 China fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.5.3 China natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.5.4 China fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.6 Japan
6.4.6.1 Japan fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.6.2 Japan fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.6.3 Japan natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.6.4 Japan fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.7 India
6.4.7.1 India fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.7.2 India fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.7.3 India natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.7.4 India fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.8 South Korea
6.4.8.1 South Korea fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.8.2 South Korea fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.8.3 South Korea natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.8.4 South Korea fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.9 Australia
6.4.9.1 Australia fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.9.2 Australia fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.9.3 Australia natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.9.4 Australia fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.10 Thailand
6.4.10.1 Thailand fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.10.2 Thailand fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.10.3 Thailand natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.10.4 Thailand fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.4.11 Malaysia
6.4.11.1 Malaysia fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.4.11.2 Malaysia fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.11.3 Malaysia natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.4.11.4 Malaysia fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.5 Latin America
6.5.1 Latin America fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.5.2 Latin America fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.5.3 Latin America natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.5.4 Latin America fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.5.5 Brazil
6.5.5.1 Brazil fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.5.5.2 Brazil fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.5.5.3 Brazil natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.5.5.4 Brazil fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.6 Middle East & Africa
6.6.1 Middle East & Africa fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.6.2 Middle East & Africa fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.3 Middle East & Africa natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.4 Middle East & Africa fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.6.5 Saudi Arabia
6.6.5.1 Saudi Arabia fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.6.5.2 Saudi Arabia fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.5.3 Saudi Arabia natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.5.4 Saudi Arabia fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.6.6 UAE
6.6.6.1 UAE fragrance ingredients market, 2016 -2027, (Kilo Tons) (USD Million)
6.6.6.2 UAE fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.6.3 UAE natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.6.4 UAE fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
6.6.7 South Africa
6.6.7.1 South Africa fragrance ingredients market, 2016-2027, (Kilo Tons) (USD Million)
6.6.7.2 South Africa fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.7.3 South Africa natural fragrance ingredients market, by product, 2016 -2027,(Kilo Tons) (USD Million)
6.6.7.4 South Africa fragrance ingredients market, by application, 2016 -2027,(Kilo Tons) (USD Million)
Chapter 7 Company Profiles
7.1 Firmenich International Sa
7.1.1 Business Overview
7.1.2 Financial Data
7.1.3 Product Landscape
7.1.4 SWOT Analysis
7.1.5 Strategic Outlook
7.2 BASF SE
7.2.1 Business Overview
7.2.2 Financial Data
7.2.3 Product Landscape
7.2.4 SWOT Analysis
7.2.5 Strategic Outlook
7.3 Frutarom Industries Ltd.
7.3.1 Business Overview
7.3.2 Financial Data
7.3.3 Product Landscape
7.3.4 SWOT Analysis
7.3.5 Strategic Outlook
7.4 Givaudan SA
7.4.1 Business Overview
7.4.2 Financial Data
7.4.3 Product Landscape
7.4.4 SWOT Analysis
7.4.5 Strategic Outlook
7.5 Treatt
7.5.1 Business Overview
7.5.2 Financial Data
7.5.3 Product Landscape
7.5.4 SWOT Analysis
7.6 Vögele Ingredients
7.6.1 Business Overview
7.6.2 Financial Data
7.6.3 Product Landscape
7.6.4 SWOT Analysis
7.6.5 Strategic Outlook
7.7 Symrise
7.7.1 Business Overview
7.7.2 Financial Data
7.7.3 Product Landscape
7.7.4 SWOT Analysis
7.7.5 Strategic Outlook
7.8 Synthite
7.8.1 Business Overview
7.8.2 Financial Data
7.8.3 Product Landscape
7.8.4 SWOT Analysis
7.8.5 Strategic Outlook
7.9 Kalpa Sutra Chemicals
7.9.1 Business Overview
7.9.2 Financial Data
7.9.3 Product Landscape
7.9.4 SWOT Analysis
7.10 Ventos
7.10.1 Business Overview
7.10.2 Financial Data
7.10.3 Product Landscape
7.10.4 SWOT Analysis
7.11 Givaudan
7.11.1 Business Overview
7.11.2 Financial Data
7.11.3 Product Landscape
7.11.4 SWOT Analysis
7.11.5 Strategic Outlook
7.12 Aarav F & F
7.12.1 Business Overview
7.12.2 Financial Data
7.12.3 Product Landscape
7.12.4 SWOT Analysis
7.13 Fine Fragrances Private Limited
7.13.1 Business Overview
7.13.2 Financial Data
7.13.3 Product Landscape
7.13.4 SWOT Analysis
7.14 Multiflora
7.14.1 Business Overview
7.14.2 Financial Data
7.14.3 Product Landscape
7.14.4 SWOT Analysis
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Starting at: $2,450
Base Year: 2020
Companies Profiled: 14
Tables & Figures: 349
Countries covered: 20
Pages: 245
Download Free PDF
Base Year: 2020
Companies covered: 14
Tables & Figures: 349
Countries covered: 20
Pages: 245
Download Free PDF
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Kiran Pulidindi. 2021, October. Fragrance Ingredients Market Size - By Product (Natural Fragrance Ingredients [Flower-Based, Fruit-Based, Wood-Based, Spice-Based], Synthetic Fragrance Ingredients [Esters, Aldehydes, Musk Chemicals, Terpenes]), Application & Forecast, 2021- 2027 (Report ID: GMI2649). Global Market Insights Inc. Retrieved May 14, 2026, from https://www.gminsights.com/toc/details/fragrance-ingredients-market

Fragrance Ingredients Market
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Fragrance Ingredients Market Size
Fragrance Ingredients Market size exceeded USD 14.5 billion in 2020 and is estimated to grow at a CAGR of over 7.5% from 2021 to 2027 owing to increasing consumer spending on premium fine fragrances & perfume products. Rapid expansion in the cosmetic industry along with increasing inclusion of fragrance ingredients in cosmetics & toiletries and fine fragrances & perfumes is creating favorable opportunities for business growth.
The emergence of arachnology and the use of fragrances in therapeutic applications to reduce stress & improve mood have provided a positive outlook to fragrance ingredients across the globe. Furthermore, manufacturers are infusing scents with natural essences, which are safe, effective, and therapeutic than synthetic alternatives.
Rising health consciousness and various side effects of chemical products are resulting in the shifting consumer preference for plant-based products, boosting the demand for naturally sourced fragrance ingredients. Increasing applications of fragrance ingredients in soap & detergent products are projected to fuel the demand for synthetic fragrance ingredients market from application segments.
Rising consumer awareness regarding the importance of cleanliness and personal hygiene owing to the increasing prevalence of infectious diseases and the rapid spread of the COVID-19 infection is likely to raise the demand for cleaning agents such as detergents. Moreover, increasing cases of hospitalization due to the growing prevalence of chronic health diseases in the U.S. are likely to raise the cases of Hospital Acquired Infection (HAI) among patients.
Fragrance Ingredients Market Analysis
The fragrance ingredients market from terpenes is anticipated to show significant growth of over USD 4 billion by the end of 2027. Terpenes are a highly diverse family of natural products with important medical and industrial properties. They are the primary ingredients of essential oils as most plants provide a wide range of pleasant fragrances, ranging from flowery and fruity to woody or balsamic.
Terpenes are naturally occurring organic chemicals that often have a strong odor and high resistance capabilities. Additionally, they are used for their aromatic qualities and play an important role in traditional herbal remedies. Growing demand for herbal and natural products in different industries is projected to fuel the demand for terpenes in the global market.
Furthermore, terpenes play an important role as an essential oil, fragrance, and flavoring agent in industrial & household uses. Increasing demand for terpenes in numerous end-use industries, such as cosmetics, paints & coatings, and others, will fuel their demand in the coming timeframe. Furthermore, the above factor will also generate a high opportunity for local players to serve large end-use industries and generate a lucrative share in the global market.
The global fragrance ingredients market value from synthetic ingredients is expected to be valued at over USD 20 billion in 2027. Synthetic ingredients, such as benzenoids, are widely used as an aromatic compound in cosmetic & personal care products such as shampoo, hair care, lotion, and cream. A wide application range of benzenoids as an aromatic chemical in the cosmetic industry and a high pace growth in the cosmetic industry in the developing economies are projected to fuel benzenoid demand during the forecast period.
The global fragrance ingredients market from soaps & detergents was valued at USD 4.65 billion in 2020 and is expected to exceed USD 7.8 billion by 2027. Fragrance is one of the most important factors that reinforce a product’s image as it affects a human’s memory and the emotional part of the brain. The rising consumer concerns related to personal hygiene and government initiatives toward cleanness, especially in developing countries such as India, are driving the demand for soaps & detergents in the global market.
In addition, the wide end-use scope of soaps & detergents in multiple sectors, such as schools, office space, and numerous construction sites & industries, is expected to upsurge demand over the projected timeframe. Additionally, the growing requirement for essential cleaning products in the healthcare industry will support the demand for soaps & detergents.
The increasing prevalence of viral infections and rising demand for effective solutions are likely to foster soap & detergent demand. Industry players in the region are rapidly adopting high-performance detergents in commercial applications owing to their high safety standards and economical nature. Consumers are rapidly inclining toward the adoption of high-quality-based detergents owing to the rising awareness of hygiene trends in the wake of COVID-19. the rapid demand for efficient, economical, and high-performance solutions is likely to boost the fragrance ingredients market share from detergents.
The North America fragrance ingredients market is expected to exceed USD 6.5 billion by 2027 owing to the rising cosmetic industry along with increasing consumer consciousness. Consumers are increasingly opting for skincare, haircare, deodorants, toiletries, make-up, perfumes, and oral cosmetics as per their fragrance preference. Fragrance is one of the most vital components a consumer considers while purchasing cosmetics and toiletry products, thus fragrance ingredients form an important constituent in the formulation of these products.
Millennials in the U.S. have a strong impact on the personal care & beauty care industry owing to higher spending on skincare, color cosmetics, and other personal care products. The presence of large personal care product manufacturing companies including Johnson and Johnson, L’Oréal SA, Procter and Gamble, Unilever, Helen of Troy Limited, and Estee Lauder Companies Inc. is anticipated to drive the personal care product demand during the forecast period.
The growing social media platforms, beauty specialist retailers, and e-commerce have given various brands huge opportunities to expand their market in this region. Increasing purchasing power is driving the demand for personal care products along with significant players undertaking acquisitions and divestments to remain competitive. Furthermore, increasing demand for anti-aging products is propelling the growth of this market.
Fragrance Ingredients Market Share
The global fragrance ingredients industry includes key players such as:
Major market players serve their products to a wide range of application industries, which include cosmetics, toiletries, fine fragrances & perfumes, soaps & detergents, others. Furthermore, to strengthen their market position, manufacturers are engaged in several activities, which include product development & innovations, mergers, acquisitions, and others.
For instance, in May 2020, Firmenich SA acquired Les Dérivés Résiniques et Terpéniques. Through this acquisition, the company will strengthen its market position in renewable ingredients. Similarly, in September 2020, BASF SE launched a fresh and fruity-sweet fragrance, Velberry. This launch has lifted its position in the fragrance market.
The fragrance ingredients market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2016 to 2027 for the following segments:
By Product
By Application
The above information has been provided for the following regions and countries:
By Region