Fragrance Ingredients Market Reaches $17,104.21 Million by 2019 - New Report by MarketsandMarkets
(PRWEB) December 06, 2014 -- The report “Fragrance Ingredients Market by Type (Essential Oils and Aroma Chemicals), by Application (Cosmetics & Toiletries, and Soaps & Detergents) & by Geography - Global Trends & Forecasts to 2019”, has defined the global market for detailed analysis of the growth trends and revenue forecasts. It has segmented the global market on the basis of the major geographic regions. It has further segmented the global market on the basis of the basic applications and their demand across different countries.
Browse 72 market data tables with 54 figures spread through 163 pages and in-depth TOC on “Fragrance Ingredients Market - Global Trends & Forecasts to 2019”.
http://www.marketsandmarkets.com/Market-Reports/fragrance-ingredients-market-105416890.html
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The report segments the global Fragrance Ingredients Market on the basis of the major end user applications, which include cosmetics & toiletries, soaps and detergents, fine fragrances, and others. The other types of products include household products such as woodwork and scouring cleaners, toilet bowl and wall cleaners, and bathroom cleaners, candles & incense sticks, and pesticides.
Fragrances are added to the products to add a distinctive scent to them. These are complex combinations of various natural as well as synthetic substances. Perfumers around the world work with combinations of various fragrance ingredients in different distinctive manners to create separate fragrances. These fragrances are then applicable across the industries like personal care, home design products, home care and fine fragrances.
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According to the report, the global fragrance ingredients market is expected to reach $17,104.21 Million by 2019. From 2014 to 2019, it expects the global market to witness a steady CAGR of 5.6%. Researchers expect Europe to dominate the global market. Europe is expected to be followed North America. In terms of growth rate, Latin America is expected to witness fastest growth rate from 2014 to 2019.
According to the researchers, the global Fragrance Ingredients Market is much diversified with a large number of potential and key players. They analyze various key industry players including Mane SA (Germany), BASF SE (Germany), International Flavors & Fragrances Inc. (U.S.), Fermenich International SA (Switzerland), and Givaudan SA (Switzerland).
As per the report, rapid growth prospects and investment opportunities are expected to drive the Fragrance Ingredients Market. Launch of new product lines and business expansions by key players are also expected to help the global market.
The report expects soaps & detergents to hold the largest market share, followed by cosmetics & toiletries. According to the report, new consumer products, especially skin and hair care products are going to create strong growth prospects for the global market. Innovative production strategies and plans for global existence are also expected to help the key players in the market.
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According to the report, the Fragrance Ingredients Market is driven by rising demand for natural products, changing consumer preferences, growth prospects from developing regions and advancing technologies. Major restraining factors for the market include expensive research and development activities and issues with quality compliance and regulatory standards.
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