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

Fragrance Ingredients Market Research Report – Forecast to 2023
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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 the growth of the fragrance ingredients market during
the review period. Additionally, shifting interest to adopt natural fragrance ingredients in cosmetic and consumer
goods is likely to uplift the growth of the fragrance ingredients market.
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