DUBLIN, Sept 10, 2018 /PRNewswire/ --
The "Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The aroma ingredients market is expected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023.
Rising demand for personal care products and changes in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market during the forecast period.
Based on type, the aroma ingredients market has been segmented into synthetic ingredients and natural ingredients. The synthetic ingredients segment is projected to lead the aroma ingredients market in terms of value during the forecast period. Growth of this segment of the market can be attributed to the low cost of synthetic ingredients, easy availability, and consistency in quality.
Based on application, the aroma ingredients market has been segmented into fine fragrances, toiletries, and cosmetics. The fine fragrances segment is projected to lead the aroma ingredients market in terms of value during the forecast period. Fine fragrance is a term used for products diluted with alcohol and contain a high concentration of aroma ingredients. Fine fragrances include major application fields, such as perfumes, colognes, body mists, and deodorants. Aroma ingredients are key components used in formulations of fine fragrances. These are used in the highest quantities in fine fragrance formulations than any other applications. Hence, the increasing demand for perfumes, colognes, deodorants, and body mists across the globe is expected to drive the demand for aroma ingredients in the fine fragrance application.
The aroma ingredients market has been studied for APAC, Europe, North America, the Middle East & Africa, and South America. The European region is the largest market for the aroma ingredients market across the globe due to the presence of leading manufacturers of aroma ingredients and personal care products. The major countries driving the growth of the Europe aroma ingredients market are France, Germany, Italy, and UK. Moreover, the European perfume industry is highly innovative. Hence, these players produce a wide variety of fragrances, which create a high demand for aroma ingredients in the region.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Significant Opportunities in the Aroma Ingredients Market
4.2 Aroma Ingredients Market, By Type
4.3 Aroma Ingredients Market, By Application
4.4 Aroma Ingredients Market in Europe, By Application and Country
4.5 Aroma Ingredients Market Attractiveness
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Consumption of Personal Care Products
5.2.1.2 Change in Lifestyle and Consumer Preferences
5.2.1.3 Increasing Demand for Natural Aroma Ingredients
5.2.2 Restraints
5.2.2.1 High Production and R&D Costs
5.2.2.2 Stringent Government Regulations
5.2.3 Opportunities
5.2.3.1 High Growth Potential From Emerging Economies
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Aroma Ingredients Market, By Type
6.1 Introduction
6.2 Synthetic Ingredients
6.3 Natural Ingredients
7 Aroma Ingredients Market, By Application
7.1 Introduction
7.2 Fine Fragrances
7.3 Toiletries
7.4 Cosmetics
8 Aroma Ingredients Market, By Region
9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking
9.2.1 Givaudan
9.2.2 Firmenich SA
9.2.3 IFF
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 Acquisition
9.3.3 New Product Launch
9.3.4 Collaboration, Contract & Agreement
9.3.5 Investment
10 Company Profiles
- Givaudan
- Firmenich SA
- International Flavors & Fragrances Inc. (IFF)
- Symrise
- Takasago International Corporation
- Frutarom
- Mane
- Robertet SA
- Sensient Technologies Corporation
- T. Hasegawa Co., Ltd.
- Bel Flavors & Fragrances
- Ogawa & Co., Ltd
- Huabao
- Solvay
- Kao Corporation
- Vigon International, Inc.
- Yingyang (China) Aroma Chemical Group
- S H Kelkar and Company Limited
For more information about this reportvisit
https://www.researchandmarkets.com/research/rd7kt2/personal_care?w=5
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