Fragrance Ingredients Market Revenue Share, Trends, Major Players, 2021-2027
Posted by Swati Tamhankar on October 13th, 2021
The global Fragrance Ingredients Market is forecast to reach USD 22.18 Billion by 2027, according to a new report by Reports and Data. Fragrance ingredients consist of natural and synthetic substances which, when added to the products, provide them the desired smell. They are extensively used in products such as cosmetics, soaps, toiletries, detergents, and others. Fragrance ingredients are a mixture of different chemicals that provide fragrance that is similar to an aroma. These ingredients are extracted from petroleum or natural raw materials. Fragrances are actively used in personal care and other consumer products.
Rising demand for natural fragrances and consumer inclination for personal care products & aromatic cosmetics and boosting the global fragrance ingredients industry growth. Continuous product innovation, rising demand for air fresheners such as aerosol sprays, room fresheners, car air fresheners, and increasing consumer base expect to propel the global industry growth. The growing importance and rising awareness regarding aromatherapy owing to improved living standards drive the market growth. Increasing usage of fragrance ingredients in the household products such as scent candles and sticks fuel the global fragrance ingredients market. Increasing preferences for natural fragrances and Technological advancements show considerable growth in the market. A large amount of capital investment is needed for R&D programs, increasing health concerns regarding skin problems and allergies hamper the fragrance ingredients market to some extent.
The COVID-19 impact:
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented the global fragrance ingredient market on the basis of type, end-users, application and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End-User Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
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About the AuthorSwati Tamhankar
Joined: April 3rd, 2019
Articles Posted: 167
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