The ‘Global Perfume Ingredient Chemicals Market Trends, Report and Forecast 2022-2027’ by Expert Market Research, gives an extensive outlook of the global perfume ingredient chemicals market, assessing based on its segments like nature, end use, and major regions.
Perfume Ingredient Chemicals Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2017-2027)
• Historical Market Size (2021): USD 4.90 billion
• Forecast CAGR (2022-2027): 5.1%
• Forecast Market Size (2027): USD 6.60 billion
|Market Size in 2021||USD 4.90 billion|
|Revenue Forecast in 2027||USD 6.60 billion|
|Growth Rate CAGR||5.1%|
|Major Players||Givaudan, MANE Group, Firmenich SA, BASF SE, International Flavors & Fragrances Inc, Symrise AG, Bordas S.A., and Emerald Kalama Chemical, among others.|
The growing consumer interest for perfumes and demand for quality perfume compositions is expected to boost sales in the global perfume ingredient chemicals market. Furthermore, the increasing use of herbal scents is expected to be a key factor encouraging the growth of the market.
Various market players are likely to expand their global distribution network. Meanwhile, several new market players are conducting extensive research and development to create innovative as well as sustainable scenting ingredients. This is expected to drive the growth of the perfume ingredient chemicals market.
Perfume Ingredient Chemicals Industry Definition and Major Segments
A perfume is a liquid concoction that is used to produce a pleasant odour. It is made from aromatic essential oils derived from spices and plants, as well as synthetic aromatic substances. The fragrance is made up of a wide range of ingredients that are used to disperse scent. Perfume ingredient chemicals are complex mixtures of synthetic and natural elements that are added to items to give them a distinct aroma. Herbal and synthetic compounds are examples of such ingredients.
Based on nature, the market is segmented into:
• Aromatic Chemicals
• Essential Oils
On the basis of end use, the market is segmented into:
• Home and Laundry Care
• Cosmetics and Personal care
• Fine Fragrances
The major regional markets include:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Perfume Ingredient Chemicals Market Trends
The essential oil category is predicted to develop in the coming years, strengthening the perfume ingredient chemicals market, due to rising urbanisation and an increase in demand for essential oil massage services in urban areas. Growing concerns about acne scars and other acne-related issues among both men and women are expected to drive therapeutic-grade essential oil demand and natural aroma chemical sales. Furthermore, the growing number of massage centres and spas in various regions of the world is likely to drive the market growth.
Europe is expanding the perfume ingredients chemical business as a result of rising consumer demand for scented personal care goods, particularly in Germany, Switzerland, and France. Meanwhile, the Asia Pacific area is predicted to gain speed in the market in the coming years as a result of the region’s increasing standards of life, expanding urban population, and enhanced manufacturing facilities.
Key Market Players
The major players in the global perfume ingredient chemicals market report include:
- MANE Group
- Firmenich SA
- BASF SE
- International Flavors & Fragrances Inc.
- Symrise AG
- Bordas S.A.
- Emerald Kalama Chemical
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers, and acquisitions, among other latest developments of the major market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
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