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Fragrance Concentrates Market Size, Industry Analysis Report By Type (Microcaps (Microencapsulated Powders), Micro-emulsions, Emulsifiable Concentrates), By end-use (Household, Cosmetics, Personal Care, Candles, Aromatherapy, Green Fragrances) & Region – Forecasts

  • PUBLISHED ON
  • 2024-10-03
  • NO OF PAGES
  • 200
  • CATEGORY
  • Retails & Consumer
The Fragrance Concentrates Market: Overview
The Fragrance Concentrates Market is valued at around USD 8.55 Billion in 2022 and is expected to reach USD 9.56 Billion by 2030 registering a CAGR of 2.3% over the forecast period. Fragrance Concentrates are an additive compound that produces odor when used in small quantities. Fragrance concentrates are widely used in personal care products such as soaps, lotions, creams, and shampoos, along with their application in detergents, cleaning agents, and other household products. They are also found in cosmetic products and specialty chemicals. The fragrance concentrates include fragrances such as flowers, herbs, spices, and more. Fragrance concentrates are fragrance molecules well blended together with carrier molecules to give a long-lasting aroma. These are 100% active so need to be diluted before use and can be used in making perfumes, and also in cosmetics.

The Fragrance Concentrates Market - Growth Factors
The fragrance concentrates market is expected to grow at a significant rate during the forecast period owing to the factors such as a rise in demand for natural fragrances and an increase in the adoption of sustainable packaging. In addition, increasing demand for fragrances from various industries such as pharmaceuticals, food and beverages, and others are also expected to boost the growth of the global fragrance concentrates market during the forecast period. The growth of this market has a high impact on attributes such as shifting consumer preferences towards natural products which may directly affect the overall performance of the global fragrance concentrates market over the forecast period.

The Fragrance Concentrates Market – Market Trends
• The major market trends driving the growth of the market are growing demand for concentrates, rise in disposable incomes, increased acceptance of premium products, and support by a growing number of retailers.
• Increasing demand from the young generation, rapid urbanization & industrialization, high investments in R&D by key players, and a rise in the adoption of advanced technologies will create new opportunities for the market over the forecast period.
• The increasing awareness about the benefits of using perfume concentrates among end-users is also expected to increase market growth, this can be attributed to their ease of usage and high performance, which on the other hand is considered as the key market trend Fragrance Concentrates Market.

The Fragrance Concentrates Market – Segmentation
The fragrance concentrates market has been sub-classified into type, solubility, form, and end-use.
On the basis of Solubility, the Fragrance Concentrates market is bifurcated into:
• Water Soluble
• Oil Soluble

On the basis of type, the market is categorized into:
• Microcaps (Microencapsulated Powders)
• Micro-emulsions
• Emulsifiable Concentrates

On the basis of form, the market is segmented into:
• Powder
• Liquid
• Emulsion

On the basis of end-use, the market is divided into:
• Household
• Cosmetics
• Personal Care
• Candles
• Aromatherapy
• Green Fragrances

The Fragrance Concentrates Market –Regional Analysis
South Asia dominated the global Fragrance Concentrates market with approximately 36% of the market share in 2017, followed by North America and Europe with around 24% and 23% respectively. Asia-pacific region dominates the global market due to the rapidly growing adoption of concentrates, and rising demand from consumers as well as from personal care companies for fragrances and flavorings products, particularly in countries such as India, China, and Japan. In addition, growing economies in emerging markets such as Brazil, India, and China are expected to create opportunities for fragrance producers. Furthermore, Over the forecast period, the European market is anticipated to grow steadily in terms of revenue. The industry is expanding as a result of the rising demand for perfumes for homes to maintain the right ambiance. Growing consumer knowledge of negative effects is anticipated to boost the revenue growth of the European market.

The Fragrance Concentrates Market – Key Market players
Global key players of Fragrance Concentrate include KP TECH MACHINE, Mohindra Mechanical Works, NCM Nonwoven Converting Machinery, Catbridge Machinery, and Barry-Wehmiller, and so on.

Report scope
Global Fragrance Concentrates Market: Historical Years- 2018-2021
Global Fragrance Concentrates Market: Forecast Years- 2022-2030
Global Fragrance Concentrates Market 2022- USD 8.55 Billion
Global Fragrance Concentrates Market CAGR- 2.3%

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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