Market Research Future (Food and Beverages) Fragrance Ingredients Market Research Report | Page 3

Fragrance Ingredients Market Research Report – Forecast to 2023
2 Market Overview
Fragrance is a complex mixture of natural or synthetic substances, which is added to products to give them a unique
aroma. Fragrance ingredients majorly consist of essential oils, such as citronella, eucalyptus, mint, and aromatic
chemicals, such as benzenoids and terpenes, which are extracted from flowers, fruits, and herbs & shrubs.
Fragrance ingredients are majorly used in spray perfumes, cosmetics, soaps & detergents, incense, body care, and
home care products.
Rapidly growing urbanization, increasing disposable income, and changing lifestyle of consumers are majorly driving
the global fragrance ingredients market. Furthermore, increasing consumer spending on personal care & beauty
products is expected to be one of the significant reasons for the rising growth of perfumery products, which, in turn,
is expected to escalate the consumption of fragrance ingredients during the forecast period. Additionally, product
innovations by cosmetics manufacturers and perfumery industry are expected to propel the growth of fragrance
ingredients market during the review period.
Increasing consumer inclination towards therapeutic uses of essential oils in aromatherapy drives the growth of the
aromatherapy market. The rising preference of consumers for natural fragrance ingredients is one of the major
drivers of the global fragrance ingredients market. However, increasing health concerns among consumers about
the demerits of fragrances prepared from synthetic ingredients may have a negative impact on the growth of
fragrance ingredients market over the forecast period.
Key Findings:

Fragrance ingredients have a massive opportunity in consumer goods industries owing to their
wide range of applications

Global fragrance manufacturers find huge opportunities in China, owing to the huge demand for
fragrance products, especially cosmetics and toiletries
Page | 3
Copyright © 2017 Market Research Future.