Fragrance is an amalgamation of chemicals
that gives cologne as its distinct aroma. These ingredients may be derived from petroleum or natural raw materials. The Fragrance ingredients market is segmented on the basis of raw-materials, applications and geography. Based on raw-material types these fragments are divided into categories such as essential oils, aroma chemicals, herbal distillates and others. Fragrances are gaining significance in the market with the increase in demand for personal care and other consumer products. Increasing health concerns has also concerning the growth of the fragrance market. Consumers are becoming conscious of the potential health risks such as skin problems, allergies and hence, the consumption of fragrances with natural ingredients is increasing.
The demand for fragrance ingredients is growing at a faster pace due to its benefits in end use applications such as personal care and consumer care. Consumer Care is one of the largest applications for fragrance ingredients market. APAC is considered as the major consumer of fragrance ingredients. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the fragrance ingredients market and future opportunities are provided in the report.
The global market for fragrance ingredients
was estimated to be $XX billion in 2015. The global market for fragrance ingredients market is estimated to grow at a CAGR of XX% and is forecast to reach $XX billion by 2021. Fragrance ingredients are forecast to have the highest growth of XX% during the forecast period 2016-2021. North America and APAC alone are estimated to occupy a share of more than XX% during 2016. Brazil, China, India, Mexico are some of the major producers of fragrance ingredients.
A detailed qualitative analysis of the factors responsible for driving and restraining growth of the fragrance ingredients market and future opportunities are provided in the report.