Fragrance Ingredients Market Landscape Examined by M&M in Topical Research Report Available at MarketPublishers.com
19 Nov 2014 • by Natalie Aster
LONDON – The world fragrance ingredients market has been witnessing solid growth over the last years, and is likely to continue increasing in the offing. As of 2013, the market value totaled more than USD 12.38 billion; furthermore, it is predicted to exceed the USD 17.1 billion mark by 2019, registering a CAGR of 5.6% from 2014 to 2019.
The consumption upturn in the developing countries, on-going technological improvements along with the increased interest for natural ingredients are among the key factors fueling growth of the world fragrance ingredients market. However, the industry also faces a range of certain restraints such, as stringent regulatory standards, rather expensive shift from synthetic to natural ingredients, enhancing health concerns, the lack of transparency in patent protection laws and high costs of the R&D programs.
In 2013, Europe dominated the world fragrance ingredients market. The Asian and Latin American regions present numerous lucrative opportunities for the market players due to the labor availability and low cost feedstock for natural ingredients. During the next five years, the highest CAGR is projected to be registered in the Latin American market for fragrance ingredients. It is likely to be followed by the APAC region.
Market research 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” drawn up by MarketsandMarkets (M&M) provides a detailed overview of the fragrance market environment and uncovers important facts on the industry historical and present performance.
The in-demand report offers an insightful overview of the world fragrance ingredients market scenario and contains the market segmentation analysis by geography, application, and type. Besides, it unveils the market size data, estimates the market shares and sheds light on the attractive market opportunities. A thorough examination of the fragrance ingredients market dynamics, drivers, challenges and restraints can also be found in the report. Additionally, the study delves deep into the competitive environment and encompasses details on the latest acquisitions, mergers and partnership agreements. Key fragrance ingredients producers are mentioned in the report as well as the future outlook for the market is at hand.
Fragrance Ingredients Market by Type (Essential Oils and Aroma Chemicals), by Application (Cosmetics & Toiletries, and Soaps & Detergents) & by Geography - Global Trends & Forecasts to 2019
Published: October 17, 2014
Price: US$ 4,650.00
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