Global Fragrance Ingredients Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Fragrance Ingredients Market 2021 (Includes Business Impact of COVID-19)
Global Fragrance Ingredients Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global fragrance ingredients market report has been segmented on the basis of product type, application, and region.
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The global Fragrance Ingredients market size was valued at USD$15.43 billion in 2020 and is projected to reach USD $21.87 billion by 2030, and is anticipated to expand at a CAGR of 3.63% over the forecast period from 2020 to 2030.

Global Fragrance Ingredients Market: Overview

Fragrance is a mixture of synthetic or natural substances, which added to products to offer desired smell or unique aroma. Fragrance ingredients are used in cosmetics, spray perfumes, soaps & detergents, body care, incense, as well as home care products.

Global Fragrance Ingredients Market: Dynamics

Increasing demand for eco-friendly, natural, and custom-made perfumes along with improved living standard are some major factors estimated to drive revenue growth of the global market during the forecast period. In addition, increasing usage of beauty products to improve physical appearance is another factor expected to boost growth of the global market over the forecast period. In addition, ongoing product innovation, increasing product advertising through various social media applications, and growing demand for air fresheners such as room fresheners, aerosol sprays, and car air fresheners are some other factors expected to propel growth of target market.

A recent trend observed in target market is Government in different countries are supporting research and development activities to use eco-friendly and healthy-products. In addition, growing consumption of personal care products including soaps and detergents and rising awareness about harmful effects of chemicals on the skin are some factors influencing demand for natural and bio-based fragrance ingredients.

However, increasing production cost and presence of chemical ingredients in perfumes may generate side effects such as skin problems and allergies are some factors estimated to hamper growth of the global fragrance ingredients market to a certain extent. According to document published by GreenFacts Organization, fragrance ingredients used in perfumes and perfumed consumer goods such as detergents, cosmetics, fabric softeners, and other household products are responsible for skin irritations and allergic reactions.

Global Fragrance Ingredients Market: Segment Analysis

Among the product type segments, the natural ingredients segment projected to witness high growth rate in the global market over the forecast period. Technical advancements in extraction process and techniques utilize combination of natural and synthetic products is estimated to boost product demand positively.

Among the application segments, the cosmetics segment is estimated to account for a significant share in terms of revenue in the global market.

Global Fragrance Ingredients Market: Regional Analysis

The fragrance ingredients market in Europe is expected to dominate target market in terms of revenue followed by market in North America. This is primarily attributed to high awareness regarding trending fashion and growing demand for natural and bio-based products. The market in Asia Pacific is expected to register high growth in terms of CAGR over the forecast period. Rising demand for fragrances such as perfumes, deodorants, and mists along with growing aging population that consume anti-aging products in countries such as India and China are some key factors fueling growth of the target market in the region. Furthermore, markets in Latin America and Middle East & Africa projected to witness considerable growth over the forecast period, owing to growing demand for soaps & detergents, toiletries, and cosmetics.

Below are the active patents related to Fragrance Ingredients Market.

Patent Number: US20140194338A1

Fragrance Compositions

Abstract

A fragrance composition and use thereof by inhalation to promote activated, pleasant moods. The fragrance composition comprises at least 75% by weight of perfume materials including at least 10% by weight of at least three specific materials from a group identified as Group IMP and optionally up to 90% of specific materials selected from groups identified as HMR, HMI, HMP, RMP and GEN, the amounts of materials from said Groups falling within specified relationships.

Application File Date: 2013-12-03

Application Granted Date: 2018-09-11

Current Assignee: Givaudan SA

Patent Number: EP2205581A1

Macrocyclic lactones as fragrances

Abstract

The present invention refers to methyl-substituted double-unsaturated macrocyclic lactones comprising 14 to 17 ring atoms of formula (I) wherein n and m are independently selected from 1, 2, 3 and 4 with the proviso that 3 ≤ n + m ≤ 6. The invention relates furthermore to their use as odorant and fragrance composition comprising them.

Application File Date: 2008-09-25

Application Granted Date: 2012-07-25

Current Assignee: Givaudan SA

Patent Number:EP1343466A1

Perfume compositions

Abstract

A perfume composition comprises: e) at least about 25% by weight in total of at least five selected relaxing fragrance materials (R); f) optionally up to about 45% by weight in total of non-relaxing fragrance materials (NR), provided that the ratio by weight of R to NR is at least 0.75; g) optionally up to about 75% by weight in total of neutral fragrance materials (N); h) optionally up to about 25% by weight of other fragrance materials (M) provided that the weight ratio R to (M+NR) at least 0.75; and wherein all percentages are based on total weight of the fragrance materials consisting the perfume composition.

Application File Date: 2001-12-18

Application Granted Date: 2007-01-03

Current Assignee: Quest International Services BV

Global Fragrance Ingredients Market Segmentation:

Segmentation by Product Type:

  
Natural Ingredients (Flower-based, Fruit-based, Spice-based)
  
Synthetic Ingredients (Ester, Alcohol, musk chemicals)

Segmentation by Application:

  
Cosmetics
  
Toiletries
  
Fine fragrances & perfumes
  
Soaps & detergents


Key Market Players included in the report:


  
BASF SE.
  
Fermenich International SA
  
Fine Fragrances Private Limited
  
Givaudan SA
  
International Flavors & Fragrances Inc.
  
Kalpsutra chemicals Pvt. Ltd.
  
Mane SA
  
S H Kelkar and Company Limited
  
Symrise
  
Takasago International Corporation
  
Treatt.