Market Research Future (Food and Beverages) Fragrance Ingredients Market Research Report | Page 4

Fragrance Ingredients Market Research Report – Forecast to 2023 3 Sample Pages Segments: The global fragrance ingredients market is segmented into type, source, functional group, and application. On the basis of type, it is segmented into natural & synthetic. Among them, synthetic segment holds the major market share. Essential oils such as citronella, eucalyptus, and cedar wood under the natural segment are showing extraordinary growth owing to their high usage in cosmetics, soaps & detergents, spray perfumes, incense, body care, and home care products. On the basis of source, the market is segmented into flower, fruits, vegetables, plant extracts, insects, minerals, and others. In this segment, flower segment is dominating the market followed by plant extracts owing to the high availability of these extracts used as a fragrance ingredient. The use of flowers as an ingredient is showing huge demand, owing to consumer preferences towards floral essence in fragrance products. On the basis of functional group, it is segmented into alcohols & phenols, aldehydes, ketones, carboxylic acids, esters, & others. In this segment, alcohols & phenols category is dominating the market. On the basis of application, it is segmented into fine fragrances, personal care, and household care products. Among all the segments, application of fragrance ingredients in personal care products is estimated to retain its dominance throughout the forecast period owing to growing consumer awareness towards personal hygiene. Additionally, the use of fragrance ingredients in fine fragrance products is showing an elevated growth in this segment. Regional Analysis: The global fragrance ingredients market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe is dominating the global fragrance ingredients market followed by North America. France has been accounted for higher consumption of fragrance ingredients followed by Germany and Switzerland. This is attributed to the high usage of spray perfumes, cosmetics, soaps & detergents, incense, body care, and home care products in this region. Furthermore, increasing consumer awareness regarding personal hygiene and rising demand for fragrance ingredients in cosmetics and fragrance industry has uplifted the demand for fragrance ingredients in North American countries, such as the U.S., and Canada. This is likely to boost t