Description
Fragrance is referred to as the combination of chemical compounds added to produce a peculiar scent which also enhances the overall organoleptic property of the product. Fragrances have high applications in fine fragrances owning to the surge in promotional activities of personal care products and increase in the disposable income, globally.
Fragrances have been segmented on the basis of type which includes natural and synthetic. Synthetic fragrances are identified to dominate the segment based on the high demand and large volume production of synthetic fragrances across the globe. High focus on R&D is estimated to propel the growth of synthetic fragrances on a global level. Synthetic fragrances are anticipated to account for a share of more than 65% and are projected to grow at a CAGR of 4.80%.
Furthermore, on the basis of application, fragrances are segmented into fine fragrance (perfumes), cosmetics and toiletry (without hair care), hair care, essential oils and aromatherapy, household and air care, soap, detergent, tobacco, and others. Cosmetics and toiletry (without hair care) are evaluated to dominate the market accounting for a share of 23% during the forecast period and are projected to have a growth rate of more than 5% during the forecast period. Fine fragrances are estimated to have the highest growth rate of 5.78% during the corresponding period.
Regional Analysis
The global fragrance market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Among these, North America is projected to retain its dominance throughout the forecast period owing to the rising per-capita income and increasing disposable income. North America is estimated to reach USD 5803.01 million by 2023. However, Asia Pacific is projected to expand at a moderate CAGR of 6.20% during the forecast period, 2017 to 2023.
Key Players
The leading players in the global fragrance market are Givaudan SA (Switzerland), International Flavors & Fragrances, Inc. (U.S.), Firmenich International SA (Switzerland), Symrise AG (Germany), Takasago International Corporation (Japan), V. MANE FILS SA (France), and Sensient Technologies Corporation (U.S.)
Target Audience
• Global fragrance product manufacturers
• End-users
• Retailers and wholesalers
• E-commerce companies
• Traders, importers, and exporters
Key Findings
o North America is estimated to retain its dominance throughout the forecast period at a CAGR of 4.80%. Among the North American countries, the U.S. is projected to witness a substantial growth at a CAGR of 4.72% during the forecast period of 2017 to 2023.
o Global fragrance manufacturers find massive opportunities in China owing to the huge demand for fragrance products, especially, cosmetics and toiletries.
Regional and Country Analysis of the Global Fragrance Market, Development and Demand Forecast till 2023
As per the MRFR analysis, the global fragrance market is expected to reach USD 17500.03 million by 2023 at a CAGR of 5.30% during the forecast period.
Country-Level Analysis
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o France
o Spain
o U.K.
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Australia and New Zealand
o Indonesia
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East
o Others
Table of Contents:
1 Executive Summary
2 Introduction
2.1 Definition
2.1.1 Fragrance
2.1.2 History of Fragrance
2.1.3 Trends in Fragrance Market
2.1.4 Organisations active in Fragrance Market
2.2 Scope of the Study
2.2.1 Research Methodology
2.3 Assumptions
2.4 Limitations
2.5 Market Structure
2.5.1 Global Fragrance Market, By Type
2.5.2 Global Fragrance Market, By Application
2.5.3 Global Fragrance Market, By Region
3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Forecast Model
4 Premium Insights
4.1 Global Fragrance Market: Market Mapping & Research Methodology
4.2 Market Overview: Global Fragrance Market
4.3 Industry Trends and Market Environment: Global Fragrance Market
5 Market Dynamics
5.1 Introduction
5.2 Drivers:
5.2.1 Bolstering growth of perfumery products:
5.2.2 Increasing Affinity Towards Skin Lightning & Colour Cosmetic Products:
5.2.3 Increasing prevalence towards male centric cosmetic products coupled with robust growth of men grooming products :
5.3 Restraints:
5.3.1 Continuous product development with changing consumer preference:
5.3.2 High dependence on product promotions:
5.4 Opportunities:
5.4.1 Rising consumer preference towards aromatherapy:
5.4.2 Product innovations:
5.5 Challenges:
5.5.1 Allergies & intolerance:
5.5.2 Stringent Regulations:
5.6 PESTLE Analysis – Global Fragrance Market
6 Market Factor Analysis
6.1 Introduction
6.2 Value Chain Analysis
6.3 Supply Chain Analysis
6.4 Porter’s Five Forces
6.4.1 Porter’s 5 Forces Analysis: Fragrance Market
6.4.2 Threat of New Entrants
6.4.3 Threat of Substitutes
6.4.4 Bargaining Power of Buyers
6.4.5 Bargaining Power of Suppliers
6.4.6 Intensity of Rivalry
7 Global Fragrance Market, By Type
7.1 Introduction
7.2 Global Fragrance Market Segmentation, By Type
7.2.1 Natural
7.2.2 Synthetic
8 Global Fragrance Market, By Application
8.1 Introduction
8.2 Global Fragrance Market- By Application
8.2.1 Fine Fragrance (Perfumes)
8.2.2 Cosmetics & Toiletry (without Hair Care)
8.2.3 Hair Care
8.2.4 Essential Oils & Aromatherapy
8.2.5 Household & Air Care
8.2.6 Soap
8.2.7 Detergent
8.2.8 Tobacco
8.2.9 Others
9 Global Fragrance Market, By Region
9.1 Global Fragrance Market, By Region
10 North America Fragrance Market Analysis
10.1 North America Fragrance Market, By Country
10.2 North America Fragrance Market, By Application
10.3 U.S.
10.4 Canada
10.5 Puerto Rico
11 Europe Fragrance Market Analysis
11.1 Europe Fragrance Market, By Country
11.2 Europe Fragrance Market, By Application
11.3 Germany
11.4 France
11.5 U.K.
11.6 Italy
11.7 Spain
11.8 Russia
11.9 Poland
11.1 Turkey
11.11 Rest of Europe
12 Asia Pacific Fragrance Market Analysis
12.1 Asia Pacific Fragrance Market, By Country
12.2 Asia Pacific Fragrance Market, By Application
12.3 China
12.4 India
12.5 Japan
12.6 Thailand
12.7 Indonesia
12.8 Philippines
12.9 South Korea
12.1 Vietnam
12.11 Rest of Asia Pacific
13 Latin America Fragrance Market Analysis
13.1 Latin America Fragrance Market, By Country
13.2 Latin America Fragrance Market, By Application
13.3 Brazil
13.4 Argentina
13.5 Mexico
13.6 Rest of Latin America
14 Rest of the World Fragrance Market Analysis
14.1 Rest of the World Fragrance Market, By Country
14.2 Rest of the World Fragrance Market, By Application
14.3 Nigeria
14.4 South Africa
14.5 Egypt
14.6 Rest of Africa
14.7 Middle East
15 Competitive Landscape
16 Major Manufacturers of Fragrance Analysis
16.1 Givaudan SA
16.1.1 Company Profile
16.1.2 Company Snapshot
16.1.3 Product and Specifications
16.1.4 Key development
16.1.5 Business strategy
16.1.6 SWOT Analysis
16.2 International Flavors & Fragrance, Inc.
16.2.1 Company Profile
16.2.2 Company Snapshot
16.2.3 Product and Specifications
16.2.4 Key Developments
16.2.5 Business strategy
16.2.6 SWOT Analysis
16.3 Firmenich International SA
16.3.1 Company Profile
16.3.2 Company Snapshot
16.3.3 Product and Specifications
16.3.4 Key Developments
16.3.5 Business strategy
16.3.6 SWOT Analysis
16.4 Symrise AG
16.4.1 Company Profile
16.4.2 Company Snapshot
16.4.3 Product and Specifications
16.4.4 Key Developments
16.4.5 Business strategy
16.4.6 SWOT Analysis
16.5 Takasago International Corporation
16.5.1 Company Profile
16.5.2 Company Snapshot
16.5.3 Product and Specifications
16.5.4 Key Developments
16.5.5 Business Strategy
16.5.6 SWOT Analysis
16.6 V. MANE FILS SA
16.6.1 Company Profile
16.6.2 Company Snapshot
16.6.3 Product & Specification
16.6.4 Key Developments
16.6.5 Business strategy
16.6.6 SWOT Analysis
16.7 Sensient Technologies Corporation
16.7.1 Company Profile
16.7.2 Company Snapshot
16.7.3 Product and Specifications
16.7.4 Key Developments
16.7.5 Business Strategy
16.7.6 SWOT Analysis
23.4.5 Business strategy
23.4.6 SWOT Analysis
23.5 Hydrolina Biotech Private Limited
23.5.1 Company Profile
23.5.2 Company Snapshot
23.5.3 Product and Specifications
23.5.4 Key Developments
23.5.5 Business Strategy
23.6 Jiangxi Alga Biotech
23.6.1 Company Profile
23.6.2 Company Snapshot
23.6.3 Product & Specification
23.6.4 Key Developments
23.6.5 Business strategy
23.7 Synergy Natural Products Pty Ltd.
23.7.1 Company Profile
23.7.2 Company Snapshot
23.7.3 Product and Specifications
23.7.4 Key Developments
23.7.5 Business Strategy
