Aroma Ingredients Market for the Personal Care Industry: 2018 Report with Market Ranking of Givaudan, Firmenich SA & IFF - Forecast to 2023

Tuesday, 18. December 2018 18:32

Dublin, Dec. 18, 2018 (GLOBE NEWSWIRE) -- The "Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% during the forecast period.

The rising demand for personal care products, coupled with changes in lifestyles and consumer preferences are expected to drive the growth of the market for aroma ingredients across the globe. However, the requirement of significant investments in R&D and stringent governmental regulations regarding the use of aroma ingredients in personal care product formulations are hampering market growth.

The demand for synthetic ingredients is very high in various applications due to low cost and easy availability. Moreover, synthetic ingredients are consistent in quality and price, unlike natural ingredients. Hence there is high demand in the aroma ingredients market for products for the personal care industry.

The toiletries application of the aroma ingredients market is expected to register the highest CAGR in terms of value between 2018 and 2023. Increasing purchasing power of middle-class populations is leading to growth in demand for soaps, shampoos, conditioners, and hygiene products in emerging countries, which in turn, is fueling growth of the aroma ingredients in the toiletries application.

The APAC aroma ingredients market is projected to grow at the highest CAGR, in terms of value between 2018 and 2023. Economic growth in emerging countries and increasing disposable incomes of the middle-class populations of the APAC region are making it an attractive market for manufacturers of aroma ingredients.

Increasing awareness among masses regarding skin, hair, and oral care, changing lifestyles of the middle-class populations of the region due to their growing disposable incomes, and increasing popularity of organic skin care products are some of the major factors expected to fuel the growth of the APAC aroma ingredients market during the forecast period.

Some key players in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Significant Opportunities in the Aroma Ingredients Market
4.2 Aroma Ingredients Market, By Type
4.3 Aroma Ingredients Market, By Application
4.4 Aroma Ingredients Market in Europe, By Application and Country
4.5 Aroma Ingredients Market Attractiveness

5 Market Overview

5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Consumption of Personal Care Products
5.2.1.2 Change in Lifestyle and Consumer Preferences
5.2.1.3 Increasing Demand for Natural Aroma Ingredients
5.2.2 Restraints
5.2.2.1 High Production and R&D Costs
5.2.2.2 Stringent Government Regulations
5.2.3 Opportunities
5.2.3.1 High Growth Potential From Emerging Economies
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Aroma Ingredients Market, By Type

6.1 Introduction
6.2 Synthetic Ingredients
6.3 Natural Ingredients

7 Aroma Ingredients Market, By Application

7.1 Introduction
7.2 Fine Fragrances
7.3 Toiletries
7.4 Cosmetics

8 Aroma Ingredients Market, By Region

8.1 Introduction
8.2 Europe
8.2.1 France
8.2.2 Germany
8.2.3 Italy
8.2.4 UK
8.3 APAC
8.3.1 China
8.3.2 Japan
8.3.3 India
8.3.4 Singapore
8.3.5 South Korea
8.4 North America
8.4.1 US
8.4.2 Canada
8.4.3 Mexico
8.5 Middle East & Africa
8.5.1 Turkey
8.5.2 Saudi Arabia
8.5.3 UAE
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Colombia

9 Competitive Landscape

9.1 Introduction
9.2 Market Ranking
9.2.1 Givaudan
9.2.2 Firmenich SA
9.2.3 IFF
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 Acquisition
9.3.3 New Product Launch
9.3.4 Collaboration, Contract & Agreement
9.3.5 Investment

10 Company Profiles

  • Givaudan
  • Firmenich SA
  • International Flavors & Fragrances Inc. (IFF)
  • Symrise
  • Takasago International Corporation
  • Frutarom
  • Mane
  • Robertet SA
  • Sensient Technologies Corporation
  • T. Hasegawa Co., Ltd.
  • Bel Flavors & Fragrances
  • Ogawa & Co., Ltd
  • Huabao
  • Solvay
  • Kao Corporation
  • Vigon International, Inc.
  • Yingyang (China) Aroma Chemical Group
  • S H Kelkar and Company Limited

For more information about this report visit https://www.researchandmarkets.com/research/xgtxs7/aroma_ingredients?w=12

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Related Topics: Cosmetic Chemicals

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