DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mhnh8w/fragrance) has announced the addition of the "Fragrance Ingredients Market by Type, by Application & by Geography - Global Trends & Forecasts to 2019" report to their offering.
The market was valued at $12,383.25 million in 2013; and at a CAGR of 5.6% from 2014, the market is projected to reach $17,104.21 million by 2019
The market is being driven by the change in consumer preferences, significant technological advancements, and increase in demand from emerging economies for natural fragrances due to health concerns related to synthetic chemicals. The fragrance ingredients market is also facing various challenges such as high cost of migration from synthetic to natural sources, lack of transparency in fragrance patent protection laws, and health concerns related to synthetic products. Potential opportunities exist in the Asian and Latin American regions due to the low cost of raw materials for natural ingredients and the availability of labor. Fragrances also are finding applications in various unconventional products such as deodorants with chocolate fragrance.
Europe accounted for the largest share of the fragrance ingredients market in 2013. However, in the next five years, the market in Latin America is projected to grow at the highest CAGR, followed by the Asia-Pacific region. These regions are projected to be the emerging revenue-generating pockets for the market players.
Scope of the Report
- Type (Essential Oils and Aroma Chemicals)
Application (Cosmetics & Toiletries, and Soaps & Detergents)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Fragrance Ingredients Market, By Geography
8 Fragrance Ingredients Market, By Type
9 Fragrance Ingredients Market, By Application
10 Competitive Landscape
11 Company Profiles
- BASF SE
- Firmenich International SA
- Frutarom Industries Ltd.
- Givaudan SA
- International Flavors & Fragrances Inc.
- Mane SA
- Robertet SA
- Symrise AG
- T. Hasegawa Co. Ltd. (Japan)
- Takasago International Corp.
For more information visit http://www.researchandmarkets.com/research/mhnh8w/fragrance