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Perfume Ingredients Chemicals Market Share

Report ID: GMI10967
Published Date: Aug 2024
Report Format: PDF

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Perfume Ingredients Chemicals Market Share

The global perfume ingredient chemical market is highly competitive, with major players like BASF SE, DSM, Eternis Fine Chemicals, and Firmenich leading the way. These companies keep innovating to stay ahead and meet changing consumer needs. BASF SE, a German chemical company, focuses on creating sustainable and biodegradable fragrance ingredients, appealing to eco-conscious consumers. Their new line of nature-identical aroma molecules has gained significant market attention.

DSM, a Dutch company, uses biotechnology to develop new fragrance ingredients. Their investment in white biotechnology has resulted in sustainable and cost-effective methods for producing key aroma chemicals. Eternis Fine Chemicals from India is expanding globally through strategic partnerships and acquisitions, strengthening its position in both natural and synthetic aroma chemicals. Swiss company Firmenich is pioneering AI-driven fragrance creation, recently launching an AI-assisted perfumery system that combines human expertise with machine learning to create unique scents.

Other important players include Givaudan, International Flavors & Fragrances (IFF), and Symrise, who are also focusing on innovation and sustainability. The market is influenced by trends like the demand for natural and organic ingredients, the rise of niche and artisanal fragrances, and the need for transparency in ingredient sourcing and production. Companies are investing heavily in research and development to create new molecules, improve production efficiency, and adopt sustainable practices.

Perfume Ingredients Chemicals Market Companies

Major players operating in the perfume ingredients chemicals industry include:

Atul Ltd
BASF SE
DSM
Eternis Fine Chemicals
Firmenich
Givuadan
Godavari Biorefineries Ltd.
Harmony Organics Pvt. Ltd.
International Flavors and Fragrances Inc
KDAC CHEM Pvt. Ltd.
MANE
Sensient Technologies Corporation
Shiseido
Symrise

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

Global industry size for perfume ingredients chemicals was USD 8.9 billion in 2023 and is expected to reach USD 15.1 billion by 2032 due to changing consumer preferences, higher disposable incomes, and innovations in fragrances

The perfume ingredients chemicals industry from the synthetic ingredient segment is expected to grow at 5.1% CAGR through 2032 owing to their unique scents but face supply and cost issues.

Europe perfume ingredients chemical industry size will witness significant CAGR from 2024 to 2032 propelled by a thriving fragrance sector and a surge in consumer demand for luxury scents.

Atul Ltd, BASF SE, DSM, Eternis Fine Chemicals, Firmenich, Givuadan, Godavari Biorefineries Ltd., Harmony Organics Pvt. Ltd., International Flavors and Fragrances Inc, KDAC CHEM Pvt. Ltd., MANE, Sensient Technologies Corporation, and Shiseido