Global Perfume Ingredients Market size was valued at US$ XX Bn in 2019 and the total revenue is expected to grow at XX% through 2020 to 2027, reaching US$ XX Bn. The report has covered region-wise market trends with a competitive landscape. The report study has analyzed the revenue impact of the COVID -19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.

Global Perfume Ingredients Market

Perfume is a unique mixture of fragrant aroma compounds, essential oils, solvents, and fixatives, which are made of natural as well as synthetic materials. Perfume ingredients provide distinctive fragrances to the perfume. The common ingredients found in perfume are acetone, ethanol, benzaldehyde, formaldehyde, limonene, methylene chloride, camphor, ethyl acetate, and linalool and benzyl alcohol.

Market Dynamics:

The global perfume ingredient market is driven by the rising product advertisement across several social media platforms, and the increase in adoption of air fresheners like room fresheners, aerosol sprays, and car air fresheners. The growing demand for ecological, natural, and customized perfumes along with rising disposable incomes and change in the standard of living, which are expected to propel the market growth. The increasing demand for cleaning and personal care products and the utilization of beauty products to enhance physical appearance will boost the market growth over the upcoming period. Growing beauty awareness is increasing sales for personal care products are fuelling the global perfume ingredient market growth in the forecast period.

However, the expensive R&D program, high manufacturing costs, and the presence of chemical ingredients in perfumes cause certain side effects such as skin problems and allergies may hamper the market growth at a global level. The increasing demand for synthetic aroma chemicals, owing to their cost efficiency and ease of extraction are likely to create lucrative opportunities for the perfume ingredient market in the coming years. The high cost of migration from synthetic to natural sources and compliance with quality & regulatory standards are the major challenges in the market growth in the near future.

The essential oil segment held the largest market share of XX% in 2019

The MMR report covers the detailed analysis of the global perfume ingredients market by type, end user industry, and region.

Global Perfume Ingredients Market1

Based on type, the essential oils segment has led the global perfume ingredients market in 2019 and is expected to grow at a CAGR of XX% during the forecast period. Essential oils are produced from various plant sources, as well as from different plant parts including resins, leaves, flowers, fruits, bark, and wood. Most essential oils are extracted using steam distillation. The UK, France Germany, and the Netherlands are the leading consumer of essential oil in the European market. Germany accounted for 23% of the total European imports in volume and for 32% of the imports in value.

The synthetic aroma chemicals segment is expected to hold the largest market share of XX% during the forecast period. Synthetic aromas chemicals are essential ingredients in the manufacturing of perfumes. Most perfume manufacturers are primarily used synthetic aroma chemicals. These synthetic aroma chemicals are used to complement the primary fragrances in custom perfume creation. Aroma chemicals have been utilized as early as the beginning of the 20th century when synthetic aroma chemicals such as aldehydes were first used in perfume.

In terms of revenue, Europe held the largest market share of XX% in 2019

Global Perfume Ingredients Market2

Geographically, Europe held the dominant market share of 3X% in 2019 and is expected to maintain its dominance during the forecast period. The UK, Italy, France, and Germany are the majority consumer of perfume ingredients in the region. Stern regulations associated with the processing of beauty products and utilization of safe ingredients have stimulated effective production of beauty products, which will drive the product demand in Europe.

In terms of revenue, Asia Pacific held the second largest market share of XX% in 2019 and is expected to reach US$ XX Mn by the end of 2027, with a CAGR of XX%. This is attributed to the steady growth of the cosmetics and personal care industry in the region. Increasing development of formulation with a compatible fragrant agent to accomplish maximum efficacy is likely to fuel the product demand in the region. China, Japan, India, and South Korea are the leading contributor to the regional market growth thanks to the growing demand for cosmetic products in these countries. China and Japan held the prominent market share of XX% and XX% in the Asia Pacific, whereas India is estimated to holds the largest market share of XX% over the forecast period.

In terms of value, South America is expected to grow at a CAGR of XX% during the forecast period. This is attributed to the growing demand for cosmetics, soaps, and toiletries because of the increasing annual disposable income of consumers and change in the consumer preference. The increased demand for luxury aroma products in Brazil is projected to propel the regional market growth in the forecast period.

The objective of the report is to present a comprehensive analysis of the Global Perfume Ingredients Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Perfume Ingredients Market dynamics, structure by analyzing the market segments and project the Global Perfume Ingredients Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Perfume Ingredients Market make the report investor’s guide.
Scope of the Global Perfume Ingredients Market:

Global Perfume Ingredients Market, by Type:

• Synthetic Aroma Chemicals
• Essential Oils
• Others
Global Perfume Ingredients Market, by End-Use Industry:

• Fine Fragrance
• Home Care
• Laundry Care
• Personal Care
• Cosmetics
• Others
Global Perfume Ingredients Market, by Region:

• Asia Pacific
• North America
• Europe
• South America
• Middle East Africa
Global Perfume Ingredients Market, Major Players:

• Fermenich International SA
• BASF SE
• Fine Fragrances Private Limited
• Frutarom Industries Ltd
• Kdac Chem Pvt. Ltd.
• Harmony Organics Pvt. Ltd.
• Givaudan SA
• International Flavors & Fragrances Inc.
• Kalpsutra chemicals Pvt. Ltd.
• Mane SA
• S H Kelkar and Company Limited
• Symrise AG
• Takasago International Corporation
• Treatt
• Robertet SA
• Vögele Ingredients
• Ventos
• Aarav F & F
• Multiflora
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