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Fragrance Ingredients Market Share

Report ID: GMI2649
Published Date: Oct 2021
Report Format: PDF

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Fragrance Ingredients Market Share

The global fragrance ingredients industry includes key players such as:

Firmenich SA
BASF SE
Frutarom Industries Ltd
Givaudan SA
Treatt plc
Vögele Ingredients

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.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

Fragrance ingredients industry size surpassed USD 14.5 billion in 2020 and is set to expand at a CAGR of 7.5% between 2021 and 2027 with rising product usage in cosmetics & toiletries and fine fragrances & perfumes.

The market revenue from terpenes will exceed USD 4 billion through 2027 given that they are the primary ingredients of essential oils and play a vital role in traditional herbal remedies.

The market value from synthetic ingredients is expected to cross USD 20 billion up to 2027 owing to the extensive usage of benzenoids in cosmetic & personal care products such as lotions, shampoos, and creams.

The North America fragrance ingredients market value is anticipated to register over USD 6.5 billion by 2027 due to the expanding cosmetic industry and growing consumer consciousness in the region.

Major participants across the fragrance ingredients industry include Treatt plc, BASF SE, Givaudan SA, Frutarom Industries Ltd., Firmenich SA, and others.