Fragrance Oil Market - The Market is Increasing at a CAGR of 3.9%
The Fragrance Oil Market is expected to grow at a CAGR of 3.9% during the forecast period 2017–2023 owing to the demand from emerging economies, increasing disposable income, and increasing demand from end use industries. The market is fragmented and has many players. The market is dominated by some major key vendors.
The market has been analyzed on the basis of type – Natural and Synthetic. The report has also been categorized on the basis of application – fine fragrances, household, personal care and others.
Increasing demand from end-use industries have led to more usage of fragrance oil. The fragrance oil has the property to prolong the aroma and increase stability. Synthetic fragrance oil is one of the leading fragrance oils in the market and is also expected to grow in the forecast period.
Household have majorly contributed towards the Fragrance Oil Market with the highest market share. Fragrance oil are heavily consumed by industry in various personal care products like shampoo, soaps, and in household products such as laundry detergents, floor cleaners, and others.
As the market for these products rises it perpetually helps the Fragrance Oil Market to grow along with it. The market for fine fragrance i.e., perfumes is also expected to grow further in the forecast period.
The study conducted by Infoholic Research provides drivers, restraints, opportunities with current and emerging market trends. Further, it covers an in-depth analysis of each product and end-user application along with forecasting and trends analysis in the Global Fragrance Oil Market.
Major companies covered in the study include big multinational players such as Takasago, Givaudan, International Flavors and Fragrances (IFF), Symrise, and Firmenich, which are offering different fragrance oil products.
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