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Fragrance Ingredients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global fragrance ingredients market size reached US$ 9.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 5.8% during 2023-2028.

Fragrance refers to a unique and intricate combination of various synthetic and natural aromatic ingredients, which are blended and incorporated as a key component in different products to provide them pleasant scent. These substances are precisely extracted from flowers, fruits, shrubs, and herbs for the formulation of aromatic chemicals and several essential oils. After preparation, fragrance ingredients are added as key components for manufacturing spray perfumes, cosmetics, soaps, detergents, incense, personal care, and household products. At present, fragrance ingredients are commercially available in essential oil and aromatic chemical product variants.

Fragrance Ingredients Market Trends:

The significant expansion in the cosmetic industry, along with the increasing demand for air fresheners and various personal care products, such as creams, shampoos, toiletries, mists, perfumes represent the key factors currently driving the market growth. In line with this, the rising awareness amongst consumers regarding the ill-effects of using chemical-infused personal care products has resulted in a shifting inclination toward natural fragrance ingredients extracted from plants, animals, and fruits. This is also supported by rising investments in research and development (R&D) activities by governments of various nations to promote the use of safer, eco-friendly, and dermatologically tested goods, which, in turn, is propelling the market growth. Furthermore, the increasing utilization of fragrances in aromatherapy applications owing to their therapeutic benefits, such as reducing stress, enhancing sleep patterns, and uplifting mood are further contributing to the market growth. Moreover, the frequent mergers and acquisitions (M&A) amongst key players have led to the introduction of several international fragrance brands across the globe. These establishments have enabled consumers to custom-make their own perfumes and experience contemporary fragrances with oriental notes, which is supporting the market growth. Other factors, such as continuous product innovations and the widespread adoption of smart marketing strategies, are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global fragrance ingredients market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, source and application.

Breakup by Type:

  • Natural Ingredients
  • Synthetic Ingredients
     

Breakup by Source:

  • Flower
  • Fruits
  • Vegetables
  • Plant Extracts
     

Breakup by Application:

  • Hair Care
  • Personal Care
  • Fabric Care
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, Fine Fragrance Pvt. Ltd, Firmenich SA (Sentarom SA), Givaudan, International Flavors & Fragrances Inc., Kalpsutra Chemicals Pvt. Ltd., Mane SA, Robertet Group, S H Kelkar & Co. Limited, Symrise AG, T.Hasegawa Co. Ltd. , Takasago International Corporation and Treatt.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BASF SE, Fine Fragrance Pvt. Ltd, Firmenich SA (Sentarom SA), Givaudan, International Flavors & Fragrances Inc., Kalpsutra Chemicals Pvt. Ltd., Mane SA, Robertet Group, S H Kelkar & Co. Limited, Symrise AG, T.Hasegawa Co. Ltd. , Takasago International Corporation and Treat
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global fragrance ingredients market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global fragrance ingredients market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the source?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global fragrance ingredients market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Fragrance Ingredients Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Type
    6.1    Natural Ingredients
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Synthetic Ingredients
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Source
    7.1    Flower
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Fruits
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Vegetables
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Plant Extracts
        7.4.1 Market Trends
        7.4.2 Market Forecast
8   Market Breakup by Application
    8.1    Hair Care
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Personal Care
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Fabric Care
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    BASF SE
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Fine Fragrance Pvt. Ltd
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Firmenich SA (Sentarom SA)
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 SWOT Analysis
        14.3.4    Givaudan
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    International Flavors & Fragrances Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
        14.3.6    Kalpsutra Chemicals Pvt. Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Mane SA
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Robertet Group
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
        14.3.9    S H Kelkar & Co. Limited
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
           14.3.9.3 Financials
        14.3.10    Symrise AG
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    T.Hasegawa Co. Ltd. 
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
        14.3.12    Takasago International Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis
        14.3.13    Treatt
           14.3.13.1 Company Overview
           14.3.13.2 Product Portfolio
           14.3.13.3 Financials
           14.3.13.4 SWOT Analysis

List of Figures

Figure 1: Global: Fragrance Ingredients Market: Major Drivers and Challenges
Figure 2: Global: Fragrance Ingredients Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Fragrance Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Fragrance Ingredients Market: Breakup by Type (in %), 2022
Figure 5: Global: Fragrance Ingredients Market: Breakup by Source (in %), 2022
Figure 6: Global: Fragrance Ingredients Market: Breakup by Application (in %), 2022
Figure 7: Global: Fragrance Ingredients Market: Breakup by Region (in %), 2022
Figure 8: Global: Fragrance Ingredients (Natural Ingredients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Fragrance Ingredients (Natural Ingredients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Fragrance Ingredients (Synthetic Ingredients) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Fragrance Ingredients (Synthetic Ingredients) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Fragrance Ingredients (Flower) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Fragrance Ingredients (Flower) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Fragrance Ingredients (Fruits) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Fragrance Ingredients (Fruits) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Fragrance Ingredients (Vegetables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Fragrance Ingredients (Vegetables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Fragrance Ingredients (Plant Extracts) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Fragrance Ingredients (Plant Extracts) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Fragrance Ingredients (Hair Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Fragrance Ingredients (Hair Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Fragrance Ingredients (Personal Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Fragrance Ingredients (Personal Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Fragrance Ingredients (Fabric Care) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Fragrance Ingredients (Fabric Care) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Fragrance Ingredients (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Fragrance Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Fragrance Ingredients Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Fragrance Ingredients Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Fragrance Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Global: Fragrance Ingredients Industry: SWOT Analysis
Figure 78: Global: Fragrance Ingredients Industry: Value Chain Analysis
Figure 79: Global: Fragrance Ingredients Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Fragrance Ingredients Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Fragrance Ingredients Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Fragrance Ingredients Market Forecast: Breakup by Source (in Million US$), 2023-2028
Table 4: Global: Fragrance Ingredients Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Fragrance Ingredients Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Fragrance Ingredients Market: Competitive Structure
Table 7: Global: Fragrance Ingredients Market: Key Players


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