About Fragrance Oil
The fragrance oil is also termed aroma oil. These oils are used for various applications such as soap making, candle making, cosmetics making, home scenting, laundry applications, and many others. These are easily available on online platforms. These oils are available in different flavors. There are majorly two types of fragrance oils are available in the market such as synthetic and natural fragrance oils. Synthetic oils are artificially created oils manufactured from chemical compounds, and natural oils are generated by isolating natural aromatic components.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The manufacturers are exploring the market in new geographical regions by adopting various mergers & acquisitions, expansions, investments, new product launches, and many others. The market players are exploring continuous market growth opportunities via expansions and acquisitions across the globe to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Fragrance Oil market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Natures Garden (United States), Bath Concept Cosmetics (China), Herborist (China), Givaudan (Switzerland), Firmenich (Switzerland), IFF (United States), Symrise (Germany), Mane SA (France), Frutarom (Israel) and Takasago (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Guangzhou Yahe (China), Raj Fragrance (India) and New Directions Aromatics (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Fragrance Oil market by Type (Natural and Synthetic), Application (Fine Fragrances, Personal Care, Household Products and Others) and Region.
On the basis of geography, the market of Fragrance Oil has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Capsules will boost the Fragrance Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channels, the sub-segment i.e. Online Stores will boost the Fragrance Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand for Flavors and Fragrances Product Vertical
Market Growth Drivers:
Development in Soap Manufacturing Industry, Increase Adoption in Cosmetic and Food & Beverage Industry and The Rise in Requirement for Natural Aroma Ingredients
Challenges:
High Possibility of Adulteration and Synthetic Products Development
Restraints:
High Production Cost Associated with Aroma Products
Opportunities:
Increasing Applications in the Pharmaceutical Industry and Rising Demand for Natural Ingredients
Market Leaders and their expansionary development strategies
In January 2024, Microcaps AG and Luzi AG have collaborated to launch the first ever ethanol-free perfume based on Microcaps’ Perfume Pearls technology. The outcome of the successful partnership is Lamar Caviar by Kajal Perfumes Paris, a first of its kind luxurious ethanol-free fine fragrance.
In Sep 2020, Aroma Retail announced the launch of its highly ambitious fragrance line. These products are manufactured with high-grade organic and hypoallergenic fragrance oil. Through this initiative, the company becomes more competent in this industry.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Fragrance Oil Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.