HOME Top Market Reports Fragrance Ingredients Market by Type (Essential Oils and Aroma Chemicals), by Application (Cosmetics & Toiletries, and Soaps & Detergents) & by Geography - Global Trends & Forecasts to 2019

Fragrance Ingredients Market by Type (Essential Oils and Aroma Chemicals), by Application (Cosmetics & Toiletries, and Soaps & Detergents) & by Geography - Global Trends & Forecasts to 2019

By: marketsandmarkets.com
Publishing Date: October 2014
Report Code: AGI 2817

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Fragrances are intricate mixtures of natural and synthetic ingredients. A single scent might contain as few as a dozen to as many as two hundred ingredients or aroma chemicals in carefully calibrated, and often minute, amounts. Fragrance ingredients are used to make exclusive combinations and are added to products such as fine fragrances, household, home care, and personal care products.

The fragrance ingredients market, in terms of value, is projected to reach $17,104.21 million by 2019 at a CAGR of 5.6% from 2014. The growth of the fragrance ingredients market is primarily triggered by the change in consumer preferences and increase in demand for natural ingredients. Also, therise in demand from the developing nations and the significant technological advancements have helped in the growth of the fragrance ingredients market. However, factors such as expensive R&D programs and the need for compliance with regulatory standards are restraining the growth of this market.

Fragrance Ingredients Market Share (Value), by Region, 2013

Fragrance Ingredients Market

Source: Expert Interviews and MarketsandMarkets Analysis

This report has estimated the size of the fragrance ingredients market in terms of value ($million). In this report, the market has broadly been segmented on the basis of types, applications, and regions. Market drivers, restraints, opportunities, and challenges; and raw material and product price trends are discussed in detail. Share of the participants for the overall market has been discussed in detail. The market has grown significantly in the last few years and growth is projected to continue. Factors such as change in consumer preferences and increase in demand for naturalingredients are largely responsible for driving the market. Meanwhile, the rise in demand from the emerging and developing nations and significant technological advancements are projected to bethe other drivers for this market. On the other hand, expensive R&D programs and the need for compliance with regulatory standards are key restraints for themarket.

Scope of the report

This research report categorizes the fragrance ingredients market based on types, applications, and geographical markets.

Based on type, the market has been segmented as follows:

  • Essential oils
    • Essential oils have been segmented into subtypes such as orange, M. arvensis, eucalyptus, cedarwood, citronella, and others (basil, camphor, clove, coriander, jamrosa, lemongrass, litsea cubeca, patchouli, and sassafras).
  • Aroma chemicals
    • Aroma chemicals have been sub-segmented into terpenes, benzenoids, musk chemicals and others (aliphatic, alicyclic, and heterocyclic compounds).

Based on application, the market has been segmented as follows:

  • Cosmetics & toiletries
  • Fine fragrances
  • Soaps & detergents
  • Others (household products such as scouring cleaners, wall, woodwork, bathroom and toilet bowl cleaners, and candles; and products such as pesticides, and aromatherapy.

Based on region, the market has been segmented as follows:

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • RoW (The Middle East and Africa)

Table of Contents
 
1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Markets Covered
    1.3 Stakeholders
    1.4 Market Scope

2 Research Methodology (Page No. - 17)
    2.1 Description of the Fragrance Ingredients Demand Model
          2.1.1 Changing Consumer Preferences: Health & Image
          2.1.2 Population Growth & Urbanization Trend
    2.2 Market Size Estimation
    2.3 Market Crackdown & Data Triangulation
    2.4 Market Share Estimation
          2.4.1 Key Data Taken From Secondary Sources
          2.4.2 Key Data From Primary Sources
                   2.4.2.1 Key Industry Insights
    2.5 Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in Fragrance Ingredients
    4.2 Fragrance Ingredients Market– Product Segment, By Application
    4.3 Fragrance Ingredients Market– Product Segment, By Geography
    4.4 U.S.: the Dominant Market
    4.5 Life Cycle Analysis, By Geography

5 Market Overview  (Page No. - 36)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
          5.3.1 Fragrance Ingredients Market, By Type
          5.3.2 Fragrance Ingredients Market, By Application
    5.4 Market Dynamics
          5.4.1 Drivers
                   5.4.1.1 Rising Demand for Cleaning Products
                   5.4.1.2 Changing Consumer Preferences
                   5.4.1.3 Increasing Demand for Natural Fragrance Ingredients
                   5.4.1.4 Significant Technological Advancements
          5.4.2 Restraints
                   5.4.2.1 Expensive R&D
                   5.4.2.2 Compliance With Quality & Regulatory Standards
    5.5 Opportunities
          5.5.1 Greenfield Ventures in Asia-Pacific and Latin America Region
          5.5.2 Widening Scope for Emerging Applications
    5.6 Challenges
          5.6.1 High Cost of Migration From Synthetic to Natural Sources
          5.6.2 Concerns Related to Synthetic Products
          5.6.3 Lack of Transperancy in Patent Protection Laws
    5.7 Burning Issue– Natural Versus Synthetic: A Debate

6 Industry Trends (Page No. - 50)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
          6.3.1 Key Influencers
    6.4 Industry Trends
    6.5 Porter’s Five forces Analysis
          6.5.1 Threat of New Entrants
          6.5.2 Threat of Substitutes
          6.5.3 Bargaining Power of Suppliers
          6.5.4 Bargaining Power of Buyers
          6.5.5 Intensity of Competitive Rivalry
    6.6 Pest Analysis
          6.6.1 Political Factors
          6.6.2 Economic Factors
          6.6.3 Social Factors
          6.6.4 Technological Factors
    6.7 Strategic Benchmarking
          6.7.1 Discovering Opportunities Through Expansions
          6.7.2 Targeted Acquisitions of Medium-Sized Players

7 Fragrance Ingredients Market, By Geography (Page No. - 60)
    7.1 Introduction
    7.2 North America
          7.2.1 U.S.
          7.2.2 Mexico
          7.2.3 Canada
    7.3 Europe
          7.3.1 France
          7.3.2 Germany
          7.3.3 U.K.
          7.3.4 Spain
          7.3.5 Italy
          7.3.6 Rest of Europe
    7.4 Asia-Pacific
          7.4.1 China
          7.4.2 India
          7.4.3 Japan
          7.4.4 Australia
          7.4.5 Rest of Asia-Pacific
    7.5 Latin America
          7.5.1 Brazil
          7.5.2 Argentina
          7.5.3 Chile
          7.5.4 Rest of Latin America
    7.6 Row

8 Fragrance Ingredients Market, By Type (Page No. - 94)
    8.1 Introduction
    8.2 Fragrance Ingredients Market, By Type, 2012-2019
    8.3 Essential Oils
          8.3.1 Orange
          8.3.2 Mentha Arvensis
          8.3.3 Eucalyptus
          8.3.4 Cedarwood
          8.3.5 Citronella
          8.3.6 Other Essential Oil Fragrance Ingredients
    8.4 Aroma Chemicals
          8.4.1 Terpenes
          8.4.2 Benzenoids
          8.4.3 Musk Chemicals
          8.4.4 Others

9 Fragrance Ingredients Market, By Application (Page No. - 105)
    9.1 Introduction
    9.2 Cosmetics & toiletries
    9.3 Fine Fragrances
    9.4 Soaps & Detergents
    9.5 Others

10 Competitive Landscape (Page No. - 112)
     10.1 Overview
     10.2 Fragrance Ingredients Market: Developments Share Analysis
     10.3 Competitive Situation & Trends
             10.3.1 Expansions
     10.4 AGreements & Partnerships
     10.5 Acquisitions
     10.6 New Product Launches & Investments

11 Company Profiles (Page No. - 125)
     11.1 BASF SE
             11.1.1 Business Overview
             11.1.2 Product offerings
             11.1.3 Key Strategy
             11.1.4 Recent Developments
             11.1.5 SWOT Analysis
             11.1.6 MNM View
     11.2 Firmenich International SA
             11.2.1 Business Overview
             11.2.2 Product offerings
             11.2.3 Key Strategy
             11.2.4 Recent Developments
             11.2.5 SWOT Analysis
             11.2.6 MNM View
     11.3 Frutarom Industries Ltd.
             11.3.1 Business Overview
             11.3.2 Product offerings
             11.3.3 Key Strategy
             11.3.4 Recent Developments
     11.4 Givaudan SA
             11.4.1 Business Overview
             11.4.2 Product offerings
             11.4.3 Key Strategy
             11.4.4 Recent Developments
             11.4.5 SWOT Analysis
             11.4.6 MNM View
     11.5 International Flavors & Fragrances Inc.
             11.5.1 Business Overview
             11.5.2 Product offerings
             11.5.3 Key Strategy
             11.5.4 Recent Developments
             11.5.5 SWOT Analysis
             11.5.6 MNM View
     11.6 Mane SA
             11.6.1 Business Overview
             11.6.2 Product offerings
             11.6.3 Key Strategy
             11.6.4 Recent Developments
     11.7 Robertet SA
             11.7.1 Business Overview
             11.7.2 Product offerings
             11.7.3 Key Strategy
             11.7.4 Recent Developments
     11.8 Symrise AG
             11.8.1 Business Overview
             11.8.2 Product offerings
             11.8.3 Key Strategy
             11.8.4 Recent Developments
             11.8.5 SWOT Analysis
             11.8.6 MNM View
     11.9 T. Hasegawa Co. Ltd. (Japan)
             11.9.1 Product offerings
             11.9.2 Key Strategies
     11.10 Takasago International Corp.
             11.10.1 Business Overview
             11.10.2 Products
             11.10.3 Key Strategy
             11.10.4 Recent Developments

12 Appendix (Page No. - 160)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Introducing RT: Real Time Market Intelligence
     12.4 Available Customizations
 
 
List of Tables (72 Tables)
  
Table 1 Patents Analysis 2013
Table 2 Changing Consumers Preferances & Demand for Natural Ingredients Are Propelling the Fragrances Market
Table 3 Investment on Research With A Focus on Expansion & Acquisiiton is the Leading Trend Among the Key Market Players
Table 4 Fragrance Ingredients Materials Market Size, By Region, 2012-2019 ($Million)
Table 5 North America: Fragrance Ingredients Market Size, By Country, 2012–2019 ($Million)
Table 6 North America: Fragrance Ingredients Market Size, By Type, 2012–2019 ($Million)
Table 7 North America: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 8 U.S.: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 9 U.S.: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 10 Mexico: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 11 Mexico: Frgrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 12 Canada: Fragrance Ingredients Market Size, By Type, 2012-2014 ($Million)
Table 13 Canada: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 14 Europe: Fragrance Ingredients Market Size, By Country, 2012–2019 ($Million)
Table 15 Europe: Fragrance Ingredinets Market Size, By Type, 2012-2019 ($Million)
Table 16 Europe: Fragrance Ingredients, By Application, 2012-2019 ($Million)
Table 17 France: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 18 France: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 19 Germany: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 20 Germany: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 21 U.K.: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 22 U.K.: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 23 Spain: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 24 Spain: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 25 Italy: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 26 Italy: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 27 Rest of Europe: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 28 Rest of Europe: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 29 Asia-Pacific: Fragrance Ingredients Market Size, By Country, 2012–2019 ($Million)
Table 30 Asia-Pacific: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 31 Asia-Pacific: Fragrance Ingrediets Market Size, By Application, 2012–2019 ($Million)
Table 32 China: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 33 China: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 34 India: Fragrance Ingredients Market Size, By Type, 2012-2019 ($Million)
Table 35 India: Fragrance Ingredients Market Size, By Application, 2012-2019 ($Million)
Table 56 Fragrance Ingredients Market, By Type, 2012-2019 ($Million)
Table 57 Plants As Source of Essential Oils
Table 58 Plants Producing Regions and Applications
Table 59 Essential Oils Fragrance Ingredients Market Size, By Subtype, 2012-2019 ($Million)
Table 60 Essential Oils Fragrance Ingredients Market Size, By Region, 2012-2019 ($Million)
Table 61 Aroma Chemicals Fragrance Ingredients Market Size, By Subtype, 2012-2019 ($Million)
Table 62 Aroma Chemicals Market Size, By Region, 2014-2019 ($Million)
Table 63 Global Frgagrance Ingredients Market, By Application, 2012-2019 ($Million)
Table 64 Cosmetics & toiletries in Fragrance Ingredients Market Size, By Region, 2012-2019 ($Million)
Table 65 Fine Fragrances in Fragrance Ingredients Market Size, By Region, 2014-2019 ($Million)
Table 66 Soaps & Detergents in Fragrance Ingredients Market Size, By Region, 2014-2019, ($Million)
Table 67 Others in Fragrance Ingredients Market Size, By Region, 2014-2019 ($Million)
Table 68 Expansions, 2008-2014
Table 69 Agreements & Partnerships, 2011-2014
Table 70 Acquisitions, 2013-2014
Table 71 New Product Launches & Investements, 2010-2013
Table 72 Takasago International Corp.: Products & Their Description
 
List of Figures (54 Figures) 
 
Figure 1 Fragrance Ingredients Market Segmentation, By Type
Figure 1 Fragrance Ingredients Market: Research Methodology
Figure 2 Global Poulation: Urbanization Trend
Figure 3 Rural & Urban Population Share, By Region in 2014
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: top-Down Approach
Figure 6 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 7 Fragrance Ingredients Market Snapshot (2014 Vs 2019): Soaps & Detergents Are Expected to Account for the Largest Share
Figure 8 Global Fragarnce Ingredients Market, By Application, 2014
Figure 9 Strong Growth Rate Observed in Asia-Pacific Countries, 2014-2019
Figure 10 Attractive Market Opportunities in Fragrance Ingredients
Figure 11 Cosmetics & toiletries Segment to Grow At the Fastest Rate
Figure 12 Europe: the Larget Fragrance Ingredients Market
Figure 13 Fragrance Ingredients Market Share, By Country, 2013
Figure 14 Brazil Market Facilitates Promising Growth Opportunities
Figure 15 Latin America & Asia-Pacific Region Growth Phase to Provide Immense Potential Opportunities
Figure 16 Development of Fragrance Ingredients Market
Figure 17 Fragrance Ingredients Market, By Type
Figure 18 Fragrance Ingredients Market, By Application
Figure 19 Changing Consumer Preferences & Increasing Demand for Natural Ingredients: Driving Fragrance Ingredients Market
Figure 20 World Soap & Detergent Shipments By Region, 2000-2020, ($ Billion)
Figure 21 Value Chain Analysis (2014): Major Value Added During R&D and Manufacturing Phases
Figure 22 Supply Chain: Inter-Departmental Consumption and Contract-Centered Supply Prove to Be the foremost Option
Figure 23 Porter’s Five forces Analysis (2014): Stronger R&D Support Has Intensified the Industrial Rivalry
Figure 24 Strategic Benchmarking: Givaudan SA and Symrise AG Dealing With Large Acquisitions
Figure 25 Geographic Snapshot (2013) – Rapid Growth Markets Are Emerging As New Hot Spots
Figure 26 Brazil – An Attractive Market Destination for Frgarance Ingredients
Figure 27 Fragrance Ingredients Market Snapshot
Figure 28 Orange : Fastest Growing Market (2014-2019)
Figure 29 Asia-Pacific to Boast Strongest Cagr in Essential Oils Fragrance Ingredients Market
Figure 30 Benzenoids: Fastest Growing Market (2014-2019)
Figure 31 Latin America: Upcoming Storngest Market, 2014-2019
Figure 32 Fragrance Ingredients Market, By Application: A Snapshot
Figure 33 Cosmetics & Tolietries: Fastest Growing Segment
Figure 34 Cosmetics & Toiletries: Market Growth (2014-2019)
Figure 35 Expansion & Agreements: Key Company Strategies (2008- June 2014)
Figure 36 Revenues of Key Companies, 2009–2014 ($Million)
Figure 37 Fragrance Ingredients Market Developments Share, By Key Player, 2008–(June) 2014
Figure 38 Market Evaluation Frameowrk- Expansions & Agreements Have Fueled the Business Growth
Figure 39 Expansions, Agreements, & Acquisitions: Most Popular Growth Strategies
Figure 40 BASF SE: Business Overview
Figure 41 BASF SE: SWOT
Figure 42 Firmenich International SA: Business Overview
Figure 43 Firmenich International SA: SWOT
Figure 44 Frutarom Industries Ltd.: Business Overview
Figure 45 Givaudan SA: Business Overview
Figure 46 Givaudan SA: SWOT
Figure 47 International Flavors & Fragrances Inc.: Business Overview
Figure 48 International Flavors & Fragrances Inc.: SWOT
Figure 49 Mane SA: Business Overview
Figure 50 Business Overview:  Robertet SA
Figure 51 Symrise AG: Business Overview
Figure 52 Symrise AG: SWOT
Figure 53 T Hasegawa Co. Ltd.:  Business Overview
Figure 54 Takasago International Corp.:  Business Overview

Fragrances are a complex blend of natural and/or synthetic substances that are added to products in order to give them a distinctive smell. Skilled and professional perfumers in the fragrance business draw from various palettes of essential oils and other fragrance ingredients, and combine them in various ways to produce exclusive scents that are imparted to a variety of products including fine fragrance, personal care, home care, and home design products.

Fragrances are gaining significance with the increase in demand for personal care and other consumer products.This can be attributed to the rise in per capita income resulting sufficient disposable income among consumers. Increasing health concerns has also affected the growth of the fragrance market. Consumers are becoming increasinglyaware of the potential health risks such as skin problems, allergies, and its carcinogenicity; and hence, the consumption of fragrances with natural ingredients is increasing. This trend gained momentum after the regulation, REACH (Registration, Evaluation, Authorization and Restriction of Chemicals) was legislated within the European Union.

Fragrance Ingredients Market Size, by Type, 2014 vs. 2019 ($Million)

Fragrance Ingredients Market

E – Estimated; P - Projected
Source: Expert Interviews and MarketsandMarkets Analysis

The fragrance ingredients market is projected to grow at a CAGR of 5.6% between 2014 and 2019. The market was dominated byEurope in 2013, whichaccounted for around 30% of the total fragrance ingredients market. On the other hand, Latin America is projected to be the fastest-growing market for the period considered for this study,due to the rise in annual disposable income and the change in the consumers’ preferences. As of 2010, Latin America registered the highest per capita consumption of fragrances. In terms of end applications, soaps &detergents are projected to be the largest market for fragrance ingredientsthroughout the study period. On the other hand, cosmetics & toiletries are projected to be the fastest-growing market for fragrance ingredients. This segment is projected to grow at a CAGR of 6.0% from 2014 to 2019.

The market forfragrance ingredients is characterized by intense competition due to the presence of a large number of both large- and small-scale firms. Expansions, acquisitions, and new product launchesare the key strategies adopted by market players to ensure their growth in the market. The market is dominated by players such as BASF SE (Germany), Givaudan SA (Switzerland), International Flavors & Fragrances Inc. (U.S.), Fermenich International SA (Switzerland), Frutarom Industries Ltd.(Israel), and Mane SA (Germany).

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