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Fragrance Product Market Share

Report ID: GMI12225
Published Date: Nov 2024
Report Format: PDF

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Fragrance Product Market Share

Global Fragrance Product Market Company Market Share Analysis (2023)

In 2023, key companies like Agilex Fragrances, Alpha Aromatics, Firmenich, Lebermuth and Robertet held a combined market share of 10%-15%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

As consumers increasingly demand sustainable and eco-friendly products, competition in the market has intensified. In response, manufacturers are embracing clean beauty standards, ensuring their offerings are devoid of harmful chemicals, parabens, and phthalates. Furthermore, numerous brands are prioritizing natural and organic ingredients, prominently featuring essential oils. Responding to the rising trend of personalized fragrance experiences, several manufacturers are providing customized products.

Fragrance Product Market Companies

Major players operating in the fragrance product industry are:

Agilex Fragrances
Alpha Aromatics
Auria Perfumes
CPL Aromas
Dow
Fine Fragrances
Firmenich
Givaudan
Henkel
International Flavors & Fragrances
Lebermuth
Mane
Robertet
Symrise
Takasago

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global fragrance product industry was valued at USD 54.6 billion in 2023 and is estimated to grow at a 5.3% CAGR from 2024 to 2032, driven by shifting consumer behaviors, technological advancements, and a focus on personalization, sustainability, and luxury.

The synthetic fragrance segment recorded USD 39.7 billion in 2023 and is expected to grow at a 5.4% CAGR from 2024 to 2032 as they are more budget-friendly than natural counterparts, dominating the mass market, especially in body sprays, deodorants, and budget perfumes.

The U.S. fragrance product industry was valued at USD 12.8 billion in 2023 and is estimated to grow at a 5.3% CAGR from 2024 to 2032, fueled by a rising demand for personalized fragrance experiences.

Key players in the industry include Agilex Fragrances, Alpha Aromatics, Auria Perfumes, CPL Aromas, Dow, Fine Fragrances, Firmenich, and Givaudan.