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Fragrance Ingredients Market Trends in China: What Is the Major Product Segment to Drive Market Growth?

Author : Ronak Bora | Published Date : 2019-08-08 

China terpenes fragrance ingredients market is projected to surpass USD 190 million by 2024. These are group of chemicals compounds that is found in essential oils and are used as perfumery component. Growing perfumery market in this region is likely to drive product demand due to its usage in luxury perfumes.

U.S. fragrance ingredients market from toiletries applications may witness gains at over 5.5% by 2024 owing to availability of superior brands through operative supply chain along with growing customer buying ability should escalate product demand. Baby toiletries market is anticipated to grow significantly in the region owing to increase in hygiene care for babies, which should stimulate product demand in forecast timeframe.

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Italy fruit-based fragrance ingredients market may surpass 1.5 kilo tons in the predicted timeframe, owing to inclination towards natural products, which is positively affecting product demand. Growing skin care products market for sunscreens, facemasks, scrubs and lotions which extensively use these ingredients is likely to drive product demand by 2024.

UK fragrance ingredients market from fine fragrances & perfumes application is poised to witness gains of over 5% in by 2024, owing to growing market for personal care products in this region. Toiletries products can become contaminated or polluted which may lead to product deterioration and result in bad odor. These products help in preventing such problems, thereby driving product demand.

Global Fragrance ingredients market share is competitive as well as moderately fragmented among several participants including Firmenich, Treatt, Kalpa Sutra Chemicals, Vogele, Symrise, Ventos, BASF SE, Frutarom and Givaudan. Companies are balancing use of synthetic and natural and chemicals along with manufacturing high value products.

Driven by the escalating demand recorded on a global scale for cosmetics and perfumes, fragrance ingredients market is anticipated to make remarkable progress over 2018-2024. It is to be noted that one of the factors that has greatly influenced the direction of the modern fragrance industry is stringently meeting consumer demand which in turn has also extended its influence on the fragrance ingredients market. Formulators are apparently reinventing perfumes for personal products to create new scents that will attract and satisfy a much wider and diverse segment of consumers all over the globe. The fragrance industry encompasses key players across the skin care, makeup, hair care and bath products manufacturing sectors that set the shape, trend, concept and strategies for this business sphere, thereby influencing fragrance ingredients industry.

While fragrance ingredients are prominently used across a plethora of end-use sectors, such as soaps & detergents and toiletries, the beauty & personal care domain is likely to emerge as the principal growth avenue for the fragrance ingredients industry. As per Global Market Insights, Inc., fragrance ingredients market size is estimated to cross 1.5 million tons by volume by 2024. With increasing disposable incomes in the emerging economies as well as the recovering economies in the developed nations, a considerable boost in consumer spending on personal care products has been observed. New innovations are also on the radar, as besides women’s fragrances increasing demand for men’s toiletries and cosmetics in the last few years has acted as a catalyst for experimentation and expansion in the fragrance ingredients market, increasing sales stability.

Browse key industry insights spread across 240 pages with 284 market data tables & 40 figures & charts from the report, “Fragrance Ingredients Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/fragrance-ingredients-market

Considered a conventional element in the cosmetics industry, fragrances have thrived as an industry that has been largely driven by beauty trends and prevalent fashion. The use of perfumes which was once considered a non-essential luxury has come to be considered a must-have personal grooming product as competition in the fragrances industry has become steeper and perfumes have carved a place of their own in the personal care products segment. Though the use of perfumes has become common and an everyday affair, the fragrances ingredients industry has received a boost from use of the ingredients in mass produced products as well as in luxury products that bring special and personalized products to the market and still considered a luxury item meant for connoisseurs. Fragrance ingredients market size from fine fragrances & perfumes is thus set to grow at a remarkable pace in the years ahead, driven by ever-changing consumer demands.

 

Glimpse of Table of Content (ToC)

Chapter 3   Fragrance Ingredients Market Insights

3.1  Fragrance Ingredients Market segmentation

3.2  Fragrance Ingredients Market landscape, 2013-2024

3.3  Fragrance Ingredients Market 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

3.4  Raw material analysis

3.5  Pricing analysis

3.5.1   Regional pricing analysis

3.5.1.1   Flower based

3.5.1.2   Fruit based

3.5.1.3   Wood based

3.5.1.4   Spice based

3.5.1.5   Esters

3.5.1.6   Aldehydes

3.5.1.7   Alcohols

3.5.1.8   Musk Chemicals

3.5.1.9   Terpenes

3.5.1.10   Others

3.5.2   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   China

3.8  Fragrance Ingredients Market impact forces

3.8.1   Growth drivers

3.8.1.1   Asia Pacific: Growing detergents market

3.8.1.2   North America: Growing market for fragrances, cosmetics and personal care in the U.S.

3.8.1.3   Europe: Growing fragrance market and increasing export of cosmetics product.

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, 2017

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

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/fragrance-ingredients-market

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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