Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 15 Billion | USD 25 Billion | 7.6% | 2022 |
FrequentlyAsked Questions
Fragrances are unique blends of synthetic and natural ingredients that are added to any product to impart a distinct aroma. Moreover, they are used in perfumes as well as in different consumer goods such as personal care, home cleaning chemicals, soaps, detergents, sanitizers, cosmetics, disinfectants, toiletries, and others.
The global fragrance ingredients market is projected to expand over 2023-2030 owing to fragrance ingredients.
According to study, the global fragrance ingredients market size was $15 billion in 2022 and is projected to reach $25 billion by the end of 2030.
The global Fragrance Ingredients market is anticipated to record a CAGR of nearly 7.6% from 2023 to 2030.
The Asia-Pacific Fragrance Ingredients industry is set to account for the highest CAGR over the forecast period. The regional market growth can be credited to escalating demand for fragrance ingredients in the countries such as China and India. Apart from this, thriving skin care, personal care, and cosmetics industries will prop up product penetration in the sub-continent in the coming decade.
The global fragrance ingredients market is led by players like Symrise AG, Fleur De Fragrances, Veera Fragrances Pvt Ltd., BASF SE, Mane SA, Givaudan SA, BMV Fragrances Pvt. Ltd., Fermenich International SA, Fine Fragrances Private Limited, Vimal LifeSciences Pvt. Ltd, Kalpsutra Chemicals Pvt Ltd, A. B. Enterprises, and International Flavors & Fragrances Inc.
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