Global Fragrance Ingredients Market: Key Highlights
Global Fragrance Ingredients Market: Key Market Dynamics
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Global Fragrance Ingredients Market: Regional Overview
The Fragrance ingredient market in Asia-Pacific is witnessing growth owing to shifting preference towards adoption of the products dedicated for men grooming. Availability of the wide range of cosmetic and personal care products enhancing women appeal, owing to higher awareness regarding boosting external aesthetics further drives the market growth. The rise in disposable income, rise in the count of an affluent consumer base with higher spending on scented household products further drives the fragrance ingredient market.
The Middle East is the promising region for the beauty and fragrance market owing to higher inclination towards perfumes coupled with an upsurge in the disposable income with the potential population. The trend of personal grooming with higher awareness and desire for luxury perfumes brands is driving the market growth in the region.
Global Fragrance Ingredients Market: Key Players Overview
BASF SE is the German based specialty chemical manufacturers operates through six business line across the world[PK1] [AT2] . In perfume and aroma ingredient’s, BASF is one of the prominent players for production and supply of high-purity aroma ingredients. The company offers bio-based aroma ingredients including rose, citrus, lavender, muguet, Nootkatone, Valencene, sandalwood, menthol and others. The company is actively involved in expanding the product range through strategic planning. In 2019, BASF acquired the Isobionics (the Netherlands) and has expanded the foothold of the natural ingredients by adding the acquired company’s product portfolio.
Firmenich SA, a company engages in the production and distribution of the vast range of flavor and fragrance and chemicals. The perfumery segment includes a range of the products used as a fine fragrance, in consumer fragrance, and oral care. The product range includes natural and synthetic fragrance ingredients for the perfumes, hair care and laundry products, air fresheners worldwide.
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