Global Fragrance Oil Market, By Type (Natural, Synthetic), Application (Fine Fragrances, Household Products, Personal Care, Others), Product (Candy Flavor, Floral Flavor, Other), Grade (Burning Grade, Manufacturers Grade, Premium Grade), Distribution Channel (Hypermarket, Supermarket, Specialty Store, Grocery, Direct B2B, Online channels), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights: Global Fragrance Oil Market
The fragrance oil market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the fragrance oil market to reach at an estimated value of USD 10.5 million by 2029 and grow at a CAGR of 4.30% for the forecast period of 2022-2029.
Fragrance oil (also referred as aromatic oil, aroma oil, and flavor oil) is basically a synthetic aroma or natural essential oil which is diluted with a carrier like vegetable oil, propylene glycol or mineral oil. Moreover, these oils are widely used as an additive in different day-to-day products like soaps, shower gel, perfumes, cosmetics, detergent, and others and are also mixed to the products such as scented candles, air fresheners, vaporizers, household cleaners, soaps, perfumes, among others.
The factors such as increasing adoption of fragrance oil for its utilization in various hygiene and personal care products such as household cleaners, vaporizers, scented candles, and air fresheners are the major factors fostering the growth of the market. In addition to this, the rising disposable income and shifting consumer trends are the factors that are estimated to carve the way for the growth of market. Furthermore, the usage of fragrances for reduction of stress, anxiety and even change in moods and increasing use of fragrances by household are expected to cushion the growth of the market. The prevalence of synthetic/adulterated products and concerns regarding side-effects associated with certain essential oils are the restraints that are estimated to hamper the market’s growth rate.
- On the other hand, the development of new variants by various market players to expand their product offerings and offer newer and more interesting fragrances to their end users will further generate lucrative opportunities for the fragrance oil market. However, the depletion of natural resources pose as a major challenge for the market growth rate.
This fragrance oil market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on fragrance oil market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Fragrance Oil Market Scope and Market Size
The fragrance oil market is segmented on the basis of type, application, product, grade and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of the type, the fragrance oil market is segmented into natural and synthetic.
- On the basis of application, the fragrance oil market is segmented into fine fragrances, household products, personal care and others.
- On the basis of product, the fragrance oil market is segmented into candy flavor, floral flavor and other.
- On the basis of grade, the fragrance oil market is segmented into burning grade, manufacturers grade and premium grade.
- On the basis of distribution channel, the fragrance oil market is segmented into hypermarket, supermarket, specialty store, grocery, direct B2B and online channels.
Fragrance Oil Market Country Level Analysis
The fragrance oil market is analyses and market size, volume information is provided by type, application, product, grade and distribution channel as referenced above.
The countries covered in the fragrance oil market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the fragrance oil market and will continue to flourish its trend of dominance during the forecast period owing to the increased amount of manufacturers within this region and surging the demand from various segments. Asia-Pacific, however is supposed to show lucrative growth due to owing to the increasing domestic demand in the developing countries such as India and China.
The country section of the fragrance oil market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Fragrance Oil Market Share Analysis
The fragrance oil market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to fragrance oil market.
Some of the major players operating in the fragrance oil market report are Bickford Flavors, SYNTHODOR COMPANY, Natural Sourcing Company, herborist-global, Dupont, Raj Fragrance, Ldg International, Natures Garden, dior, Bath Concept Cosmetics(Dong Guan) Co., Ltd., Calvin Klein, Xiamen Apple Aroma Co., Ltd., FAROTTI SRL., FLAVEX Naturextrakte GmbH, Ungerer & Company, Cargill Incorporated, Rocky Mountain Oils, LLC., Givaudan, Sensient Technologies Corporation, and Robertet SA among others.