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フレグランス原料市場 – 2029年までの世界予測

Fragrance Ingredients Market - Global Forecast to 2029

フレグランス原料市場 - ソース、(天然、合成)、成分の種類(商品、特殊、独自)、用途(パーソナルケア、家庭用、化粧品、食品および飲料、工業用)、形態(液体、粉末)、テクノロジー - 2029年までの世界予測
Fragrance Ingredients Market by Source, (Natural, Synthetic), Ingredient Type (Commodity, Specialty, Proprietary), Application (Personal Care, Household, Cosmetics, Food & Beverage, Industrial), Form (Liquid, Powder), Technology - Global Forecast to 2029

商品番号 : SMB-70079

出版社MarketsandMarkets
出版年月2024年12月
ページ数361
図表数442
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The fragrance ingredients market is estimated at USD 17.11 billion in 2024 and is projected to reach USD 21.94 billion by 2029, at a CAGR of 5.1% from 2024 to 2029. Fragrance Ingredients are crucial for providing desirable qualities to products. Widely used across the industry, these fragrances are employed for customer attraction, more sale due to desirable qualities of products.

フレグランス原料市場は、2024 年に 171 億 1,000 万米ドルと推定され、2024 年から 2029 年までの CAGR は 5.1% で、2029 年までに 219 億 4,000 万米ドルに達すると予測されています。

End-users encompass large-scale cosmetics brands, well-established personal care brands, emerging food and beverage companies, household products producers, and consumers who prioritize convenience and desirable qualities of product. The market’s growth is driven by factors such as Innovation in Scent Profiles, Increase in Disposable Income, and the Advances in Technology and Extraction Processes.

フレグランス原料市場 - 2029年までの世界予測
fragrance-ingredients-market

“Extraction Process is popular in the fragrance ingredients market across the globe due to wide usage across manufacturers.”

The extraction process is a straightforward and widely used method in the fragrance industry for deriving scents from essential oils. Fragrance compounds, including flowers, oils, and leaves, are often processed to extract these essential oils, which serve as the foundation for many perfumes and scented products.

On November 5, 2024, Robertett, a leading supplier of natural raw materials for fragrances and flavors recently announced its acquisition of Phasex, a Massachusetts-based pioneer in supercritical CO₂ extraction technology. Supercritical CO₂ extraction enables the extraction of aromatic and functional components from solid biomass or liquid raw materials using carbon dioxide in a supercritical state, ensuring high purity and quality of the resulting extracts.

Acquisitions like this underscore the increasing prominence and adoption of advanced extraction technologies in the fragrance ingredients market. These technologies not only enhance the efficiency and sustainability of production processes but also support the growing demand for natural, high-quality fragrance ingredients. Such strategic investments reflect the market’s commitment to innovation and its response to consumer preferences for eco-friendly and ethically sourced products.

“Synthetic ingredients is popular in the fragrance ingredients market across the globe due to its cost-effectiveness and it is easy to maintain quality across production.”

Perfumes crafted from synthetic ingredients offer remarkable consistency, as controlled manufacturing conditions ensure that each batch smells identical, maintaining quality across production. These lab-made ingredients are also cost-effective, typically less expensive than natural extracts, making synthetic perfumes accessible to a broader audience. Furthermore, synthetic scents unlock creative possibilities for perfumers, allowing them to design unique, innovative fragrances that are unattainable with natural ingredients alone, thanks to custom molecular engineering for specific scent profiles. Synthetic ingredients also excel in longevity and performance, with many designed for lasting scent retention and strong sillage, making them highly sought-after in commercial perfumery. Additionally, synthetic fragrances contribute to sustainability by reducing dependence on natural resources and enabling consistent supply chains, unaffected by seasonal or environmental factors that impact natural raw materials. This stability supports large-scale production and facilitates meeting the growing global demand for diverse and affordable fragrances.

“By ingredient type, commodity fragrance in the fragrance ingredients market are popular due to its mass-production ”

Commodity fragrance ingredients refer to standard, widely used aromatic compounds that are typically mass-produced and readily available in the market. They include common synthetic molecules like vanillin or linalool. Vanilla, derived from the pods of the Vanilla planifolia orchid, is the world’s most popular flavor and fragrance. Although it contains around 200 different compounds, its distinctive aroma and taste are primarily attributed to vanillin. This versatile ingredient is highly valued across various industries, including ice creams, confectionery, dairy products, perfumes, pharmaceuticals, and liqueurs, making it a cornerstone of a substantial multimillion-dollar market.

“Europe and its fragrance ingredient market to be affected by  EU Green Deal.”

Europe’s regulatory landscape is undergoing significant changes, largely driven by the forthcoming EU Chemicals Strategy for Sustainability (CSS), part of the EU Green Deal. Over 80 regulatory updates have been proposed, including revisions to REACH and CLP (Classification, Labelling, and Packaging), with new hazard classifications such as endocrine disruption recently introduced. The CSS introduces stricter frameworks, such as the general risk approach, which aims to impose faster and more stringent restrictions on chemicals in both professional and consumer products. Additionally, the “essential use” concept provides limited exceptions to these general restrictions, while mixture toxicity assessments and the “safe and sustainable by design” initiative set standards for safer chemical innovation. These changes will bring a range of new safety and sustainability requirements, impacting the fragrance ingredients market by demanding increased compliance, reformulations, and more sustainable practices across product lifecycles.

フレグランス原料市場 - 2029年までの世界予測 region
fragrance-ingredients-market-region

The break-up of the profile of primary participants in the fragrance ingredients market:

  • By Company: Tier 1- 40.0%, Tier 2- 20.0% and Tier 3- 40.0%.
  • By Designation: CXO’s: 26.0%, Managers: 30.0% and Executives: 44.0%
  • By Region: North America – 20.0%, Europe – 20.0%, Asia Pacific – 40.0%, South America – 10.0% and RoW – 10.0%

Key Market Players

Key players operating in the fragrance ingredients market include BASF (Germany), MANE SA (France), dsm-firmenich (Switzerland), Givaduan (Switzerland), International Flavors and Fragrances (US),  Sensient Technologies (US), Takasago International Corporation (Japan), Robertet Fragrances, Inc (France), Kao Chemicals (Japan), and Symrise (Germany).

フレグランス原料市場 - 2029年までの世界予測 ecosystem
fragrance-ingredients-market-ecosystem

Research Coverage:

This research report categorizes the fragrance ingredients market by technology (Extraction Technologies, Biotechnology, Encapsulation and Controlled Release, Other Technology) by source (Natural (Citrus, Floral, Fruity, Woody, oriental, others) Synthetic (Citrus, Floral, Fruity, Woody, oriental, others), by Ingredient Type (commodity ingredients, specialty ingredients, proprietary ingredients) by application (personal care products, household products, cosmetics, food and beverage, industrial applications), by form (Liquid, Powder) and by region (North America, Europe, Asia Pacific, South America and Rest of the World). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the fragrance ingredients market. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services; key strategies; contracts, partnerships, and agreements. New product & service launches, mergers and acquisitions, and recent developments associated with the fragrance ingredients market. Competitive analysis of upcoming startups in the fragrance ingredients market ecosystem is covered in this report.

Reasons to buy this report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall fragrance ingredients market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Advances in synthetic fragrance ingredients , Expansion of the Cosmetics and Skincare Industry, Innovation in Scent Profiles, and Increase in Disposable Income), restraints (Limited Shelf life of natural ingredients, Stringent Regulations), opportunities (Innovation in Sustainable Fragrance Ingredients, Expanding Applications in Household and Industrial Products, Technological Advances in fragrance industry), and challenges (Managing Environmental Impact of Production, High development and testing cost) influencing the growth of the fragrance ingredients market.
  • Product Development/Innovation: Detailed insights on research & development activities, and new product & service launches in the fragrance ingredients market.
  • Market Development: Comprehensive information about lucrative markets – the report analyses the fragrance ingredients market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the fragrance ingredients market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players including Key players operating in the fragrance ingredients market include BASF (Germany), MANE SA (France), dsm-firmenich (Switzerland), Givaduan (Switzerland), International Flavors and Fragrances (US), Sensient Technologies (US), Takasago International Corporation (Japan), Robertet Fragrances, Inc (France), Kao Chemicals (Japan), and Symrise (Germany) among others in the fragrance ingredients market strategies.

Table of Contents

1               INTRODUCTION              32

1.1           STUDY OBJECTIVES       32

1.2           MARKET DEFINITION   32

1.3           STUDY SCOPE   33

1.3.1        FRAGRANCE INGREDIENTS MARKET SEGMENTATION                 33

1.3.2        YEARS CONSIDERED      34

1.3.3        INCLUSIONS AND EXCLUSIONS 34

1.3.4        FRAGRANCE INGREDIENTS MARKET: DEFINITION AND INCLUSIONS,

BY SOURCE         36

1.3.5        FRAGRANCE INGREDIENTS MARKET: DEFINITION AND INCLUSIONS,

BY SUB-SOURCE               36

1.3.6        FRAGRANCE INGREDIENTS MARKET: DEFINITION AND INCLUSIONS,

BY INGREDIENT TYPE   36

1.4           UNIT CONSIDERED        37

1.4.1        CURRENCY/VALUE UNIT              37

1.4.2        VOLUME UNITS CONSIDERED  37

1.5           STAKEHOLDERS               38

1.6           SUMMARY OF CHANGES               38

2               RESEARCH METHODOLOGY       39

2.1           RESEARCH DATA              39

2.1.1        SECONDARY DATA          40

2.1.1.1    Key data from secondary sources       40

2.1.2        PRIMARY DATA 41

2.1.2.1    Key data from primary sources           41

2.1.2.2    Key industry insights           42

2.1.2.3    Breakdown of primary interviews      42

2.1.3        BOTTOM-UP APPROACH              43

2.1.4        TOP-DOWN APPROACH                44

2.2           DATA TRIANGULATION                45

2.3           RESEARCH ASSUMPTIONS           46

2.4           RESEARCH LIMITATIONS             47

2.5           RISK ASSESSMENT           47

3               EXECUTIVE SUMMARY  48

4               PREMIUM INSIGHTS       54

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN FRAGRANCE INGREDIENTS MARKET      54

4.2           EUROPE: FRAGRANCE INGREDIENTS MARKET, BY SOURCE AND COUNTRY               55

4.3           FRAGRANCE INGREDIENTS MARKET: REGIONAL SNAPSHOT          56

4.4           FRAGRANCE INGREDIENTS MARKET, BY SOURCE AND REGION                57

4.5           FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE AND REGION         58

4.6           FRAGRANCE INGREDIENTS MARKET, BY APPLICATION AND REGION     59

5               MARKET OVERVIEW       60

5.1           INTRODUCTION              60

5.2           MACROECONOMIC OUTLOOK  60

5.2.1        GROWING PERSONAL CARE AND COSMETICS INDUSTRY           60

5.3           MARKET DYNAMICS       62

5.3.1        DRIVERS               62

5.3.1.1    Increase in clean label trends              62

5.3.1.2    Growing emphasis on sustainability and green chemistry                 63

5.3.1.3    Expansion of functional products and fragrance integration                 63

5.3.2        RESTRAINTS      63

5.3.2.1    Compliance with quality and regulatory standards         63

5.3.2.2    Fluctuating raw material prices          64

5.3.3        OPPORTUNITIES              64

5.3.3.1    Digitalization of retail industry          64

5.3.3.2    Innovation in end-use industries       64

5.3.4        CHALLENGES    65

5.3.4.1    Limited progression in value chain among emerging economies                 65

5.3.4.2    Changing consumer preferences        65

5.4           IMPACT OF GEN AI ON FRAGRANCE INGREDIENTS MARKET               65

5.4.1        INTRODUCTION              65

5.4.2        USE OF GEN AI IN FRAGRANCE INGREDIENTS   65

5.4.2.1    AI-driven formulation          65

5.4.2.2    Predictive analytics for market trends               66

5.4.2.3    Optimizing ingredient sourcing         66

5.4.2.4    Sustainability in fragrance development           66

5.4.2.5    Enhanced consumer experiences       66

5.4.3        CASE STUDY ANALYSIS 66

5.4.3.1    AI collaboration between Symrise and IBM in fragrance creation                 66

5.4.3.2    Launch of ground-breaking AI tools by Givaudan for next-generation product development       66

5.4.4        IMPACT ON FRAGRANCE INGREDIENTS MARKET                 67

5.4.4.1    Personalization and consumer engagement     67

5.4.5        ADJACENT ECOSYSTEM WORKING ON GEN AI   67

5.4.5.1    Flavors and food ingredients               67

5.4.5.2    Digital perfumery platforms                67

5.4.5.3    Beauty and personal care industry     67

6               INDUSTRY TRENDS         68

6.1           INTRODUCTION              68

6.2           SUPPLY CHAIN ANALYSIS             68

6.2.1        RAW MATERIAL SOURCING         68

6.2.2        PROCESSING AND EXTRACTION               69

6.2.3        MANUFACTURING AND BLENDING        69

6.2.4        DISTRIBUTION AND SUPPLY CHAIN MANAGEMENT                 69

6.2.5        REGULATORY COMPLIANCE      69

6.3           VALUE CHAIN ANALYSIS               70

6.4           TECHNOLOGY ANALYSIS             70

6.4.1        KEY TECHNOLOGIES     70

6.4.2        COMPLEMENTARY TECHNOLOGIES       71

6.4.3        ADJACENT TECHNOLOGIES       71

6.5           PRICING ANALYSIS          71

6.5.1        AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS, BY REGION          72

6.6           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            75

6.7           ECOSYSTEM ANALYSIS  76

6.8           CASE STUDY ANALYSIS 78

6.8.1        STRATEGIC MOVE BY GIVAUDAN: CAPTURING NATURAL INGREDIENT TREND THROUGH NATUREX ACQUISITION   78

6.8.2        SUSTAINABLE SOURCING OF NATURALS BY GIVAUDAN                 78

6.8.3        SYMRISE’S SYMDEO PMD GREEN              79

6.8.4        RE: NEW COLLECTION FROM DSM-FIRMENICH DRIVE CONSCIOUS PERFUMERY WITH RENEWABLE INGREDIENTS                 80

6.9           TRADE ANALYSIS             81

6.9.1        IMPORT SCENARIO (HS CODE 3303)        81

6.9.2        EXPORT SCENARIO (HS CODE 3303)        82

6.10         REGULATORY LANDSCAPE         83

6.10.1      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             83

6.11         KEY CONFERENCES AND EVENTS, 2024–2025        86

6.12         INVESTMENT AND FUNDING SCENARIO               86

6.13         PATENT ANALYSIS          87

6.13.1      APPROACH         87

6.13.2      DOCUMENT TYPES         87

6.13.3      TOP APPLICANTS            89

6.14         PORTER’S FIVE FORCES ANALYSIS           90

6.14.1      THREAT OF NEW ENTRANTS      90

6.14.2      THREAT OF SUBSTITUTES          91

6.14.3      BARGAINING POWER OF SUPPLIERS       91

6.14.4      BARGAINING POWER OF BUYERS             91

6.14.5      INTENSITY OF COMPETITIVE RIVALRY 91

6.15         KEY STAKEHOLDERS AND BUYING CRITERIA     92

6.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           92

6.15.2      BUYING CRITERIA           93

7               FRAGRANCE INGREDIENTS MARKET, BY SOURCE                 94

7.1           INTRODUCTION              95

7.2           NATURAL            96

7.2.1        CITRUS 99

7.2.1.1    Eco-friendly citrus leads in market preference                 99

7.2.2        FLORAL                99

7.2.2.1    High commercial value in industries to boost demand   99

7.2.3        FRUITY 100

7.2.3.1    High usage in personal care and beverage industries to foster

market growth       100

7.2.4        WOODY                100

7.2.4.1    Innovation in extraction methods to encourage market development          100

7.2.5        ORIENTAL           100

7.2.5.1    Increasing use in luxury perfumes to facilitate market expansion                 100

7.2.6        OTHER NATURAL SOURCES        101

7.3           SYNTHETIC        101

7.3.1        CITRUS 103

7.3.1.1    Ability to overcome seasonal limitations to drive demand                 103

7.3.2        FLORAL                104

7.3.2.1    Advancements in biotechnology to enable market growth                 104

7.3.3        FRUITY 104

7.3.3.1    Use of advanced digital and sensory techniques to refine synthetic fruity fragrances to drive market       104

7.3.4        WOODY                105

7.3.4.1    Significant reduction in environmental impact to drive demand                 105

7.3.5        ORIENTAL           105

7.3.5.1    Demand for exotic fragrances using rare and unique materials to drive market          105

7.3.6        OTHER SYNTHETIC SOURCES    105

8               FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE     106

8.1           INTRODUCTION              107

8.2           COMMODITY INGREDIENTS      109

8.2.1        SCALABILITY AND AFFORDABILITY TO DRIVE DEMAND                 109

8.3           SPECIALTY INGREDIENTS           110

8.3.1        GROWING PREFERENCE FOR UNIQUE AND LUXURIOUS FRAGRANCE PROFILES TO DRIVE MARKET          110

8.4           PROPRIETARY INGREDIENTS     112

8.4.1        GROWING DEMAND FOR DISTINCTIVE SIGNATURE SCENTS TO DRIVE MARKET        112

9               FRAGRANCE INGREDIENTS MARKET, BY APPLICATION                 114

9.1           INTRODUCTION              115

9.2           PERSONAL CARE PRODUCTS     117

9.2.1        FRAGRANCE USE BOOSTS SENSORY RICHNESS AND ENHANCES PRODUCT APPEAL  117

9.3           HOUSEHOLD PRODUCTS             119

9.3.1        USE OF FRAGRANCE IN HOUSEHOLD PRODUCTS ENHANCES CONSUMER SATISFACTION 119

9.4           COSMETICS        121

9.4.1        FRAGRANCE ENHANCES APPEAL AND USABILITY OF BEAUTY PRODUCTS       121

9.5           FOOD AND BEVERAGES                123

9.5.1        FRAGRANCE INGREDIENTS ENHANCE SENSORY APPEAL AND IMPACT BRAND PERCEPTION        123

9.6           INDUSTRIAL      125

9.6.1        NEED TO MASK UNWANTED CHEMICAL ODORS TO DRIVE MARKET 125

9.7           OTHER APPLICATIONS 127

10            FRAGRANCE INGREDIENTS MARKET, BY FORM 129

10.1         INTRODUCTION              130

10.2         LIQUID 131

10.2.1      EASY HANDLING AND COMPATIBILITY WITH FORMULATIONS TO PROMOTE DEMAND            131

10.3         POWDER              131

10.3.1      LONGER SHELF LIFE AND EASE OF TRANSPORT TO DRIVE MARKET 131

11            FRAGRANCE INGREDIENTS MARKET, BY TECHNOLOGY                 132

11.1         INTRODUCTION              133

11.2         EXTRACTION TECHNOLOGY      133

11.2.1      INCREASING CONSUMPTION OF NATURAL FRAGRANCES TO ACCELERATE DEMAND             133

11.3         BIOTECHNOLOGY           133

11.3.1      GROWING DEMAND FOR ECO-FRIENDLY AND CONSISTENT FRAGRANCES TO DRIVE MARKET 133

11.4         ENCAPSULATION & CONTROLLED RELEASE      134

11.4.1      CAPACITY TO BE CUSTOMIZED TO MEET CUSTOMER PREFERENCES

TO DRIVE DEMAND        134

11.5         OTHER TECHNOLOGIES               134

12            FRAGRANCE INGREDIENTS MARKET, BY REGION                 135

12.1         INTRODUCTION              136

12.2         NORTH AMERICA             138

12.2.1      MACROECONOMIC OUTLOOK FOR NORTH AMERICA                 138

12.2.2      US           146

12.2.2.1  FDA regulations to drive market        146

12.2.3      CANADA               147

12.2.3.1  Rising eco-consciousness and demand for natural products

to drive market      147

12.2.4      MEXICO                148

12.2.4.1  Thriving cosmetics and personal care sectors to fuel market                 148

12.3         EUROPE               150

12.3.1      MACROECONOMIC OUTLOOK FOR EUROPE      150

12.3.2      GERMANY           157

12.3.2.1  Resilience of affordable luxury and self-care to drive market                 157

12.3.3      UK          158

12.3.3.1  Growth in personal care sector to drive demand for fragrance ingredients             158

12.3.4      FRANCE                159

12.3.4.1  Growing popularity of French perfumes to drive market                 159

12.3.5      ITALY    160

12.3.5.1  Outsourcing by US beauty brands to Italy to drive market                 160

12.3.6      SPAIN    162

12.3.6.1  Growing demand for health and beauty products to boost market                 162

12.3.7      REST OF EUROPE             163

12.4         ASIA PACIFIC     165

12.4.1      MACROECONOMIC OUTLOOK FOR ASIA PACIFIC                 165

12.4.2      CHINA  173

12.4.2.1  Revitalization of traditional Chinese fragrances and rise of domestic brands to fuel market          173

12.4.3      INDIA    174

12.4.3.1  Rising demand for aromatherapy and holistic health solutions to drive market          174

12.4.4      JAPAN   175

12.4.4.1  Increasing consumer preference for natural, hypoallergenic ingredients and regulatory changes to drive market       175

12.4.5      AUSTRALIA AND NEW ZEALAND               176

12.4.5.1  Growing demand for natural and organic personal care products to fuel market        176

12.4.6      REST OF ASIA PACIFIC   178

12.5         SOUTH AMERICA             179

12.5.1      MACROECONOMIC OUTLOOK FOR SOUTH AMERICA                 179

12.5.2      BRAZIL 186

12.5.2.1  Cultural affinity for personal grooming and diverse consumer preferences to drive market                 186

12.5.3      ARGENTINA       187

12.5.3.1  Increasing demand for premium personal care products

to drive market      187

12.5.4      REST OF SOUTH AMERICA           189

12.6         REST OF THE WORLD    190

12.6.1      MACROECONOMIC OUTLOOK FOR REST OF THE WORLD 190

12.6.2      MIDDLE EAST   197

12.6.2.1  Cultural affinity and economic power drive market        197

12.6.3      AFRICA 198

12.6.3.1  Cultural heritage and abundant natural resources drive market                 198

13            COMPETITIVE LANDSCAPE         200

13.1         INTRODUCTION              200

13.2         STRATEGIES ADOPTED BY KEY PLAYERS/RIGHT TO WIN, 2020–2024   200

13.3         MARKET SHARE ANALYSIS, 2023                 202

13.4         REVENUE ANALYSIS, 2021–2023  203

13.5         GLOBAL SNAPSHOT OF KEY MARKET PARTICIPANTS                 204

13.6         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023                 204

13.6.1      STARS   204

13.6.2      EMERGING LEADERS     204

13.6.3      PERVASIVE PLAYERS      205

13.6.4      PARTICIPANTS 205

13.6.5      COMPANY FOOTPRINT: KEY PLAYERS, 2023         206

13.6.5.1  Company footprint               206

13.6.5.2  Region footprint   207

13.6.5.3  Source footprint    208

13.6.5.4  Application footprint            209

13.7         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023        210

13.7.1      PROGRESSIVE COMPANIES         210

13.7.2      RESPONSIVE COMPANIES            210

13.7.3      DYNAMIC COMPANIES  210

13.7.4      STARTING BLOCKS         210

13.7.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023                 212

13.7.5.1  Detailed list of key startups/SMEs    212

13.7.5.2  Competitive benchmarking of key startups/SMEs          213

13.8         BRAND/PRODUCT COMPARISON             214

13.9         COMPANY VALUATION AND FINANCIAL METRICS                 215

13.10       COMPETITIVE SCENARIO             216

13.10.1   PRODUCT LAUNCHES   216

13.10.2   DEALS  222

13.10.3   EXPANSIONS     227

13.10.4   OTHER DEVELOPMENTS              236

14            COMPANY PROFILES      237

14.1         INTRODUCTION              237

14.2         MAJOR PLAYERS               237

14.2.1      BASF      237

14.2.1.1  Business overview 237

14.2.1.2  Products/Solutions/Services offered 238

14.2.1.3  Recent developments           241

14.2.1.3.1                Product launches  241

14.2.1.3.2                Deals      241

14.2.1.3.3                Expansions             242

14.2.1.4  SWOT analysis     242

14.2.1.5  MnM view              243

14.2.1.5.1                Right to win           243

14.2.1.5.2                Strategic choices   243

14.2.1.5.3                Weaknesses and competitive threats 243

14.2.2      INTERNATIONAL FLAVORS & FRAGRANCES, INC.                 244

14.2.2.1  Business overview 244

14.2.2.2  Products/Solutions/Services offered 245

14.2.2.3  Recent developments           248

14.2.2.3.1                Deals      248

14.2.2.3.2                Expansions             249

14.2.2.4  SWOT analysis     250

14.2.2.5  MnM view              251

14.2.2.5.1                Right to win           251

14.2.2.5.2                Strategic choices   251

14.2.2.5.3                Weaknesses and competitive threats 251

14.2.3      GIVAUDAN         252

14.2.3.1  Business overview 252

14.2.3.2  Products/Solutions/Services offered 253

14.2.3.3  Recent developments           255

14.2.3.3.1                Product launches  255

14.2.3.3.2                Deals      256

14.2.3.3.3                Expansions             258

14.2.3.4  SWOT analysis     259

14.2.3.5  MnM view              259

14.2.3.5.1                Right to win           259

14.2.3.5.2                Strategic choices   260

14.2.3.5.3                Weaknesses and competitive threats 260

14.2.4      SYMRISE               261

14.2.4.1  Business overview 261

14.2.4.2  Products/Solutions/Services offered 262

14.2.4.3  Recent developments           265

14.2.4.3.1                Product launches  265

14.2.4.3.2                Deals      266

14.2.4.3.3                Expansions             267

14.2.4.3.4                Other developments             268

14.2.4.4  SWOT analysis     268

14.2.4.5  MnM view              269

14.2.4.5.1                Right to win           269

14.2.4.5.2                Strategic choices   269

14.2.4.5.3                Weaknesses and competitive threats 269

14.2.5      DSM-FIRMENICH              270

14.2.5.1  Business overview 270

14.2.5.2  Products/Solutions/Services offered 271

14.2.5.3  Recent developments           274

14.2.5.3.1                Product launches  274

14.2.5.3.2                Deals      275

14.2.5.3.3                Expansions             276

14.2.5.4  SWOT analysis     277

14.2.5.5  MnM view              277

14.2.5.5.1                Right to win           277

14.2.5.5.2                Strategic choices   278

14.2.5.5.3                Weaknesses and competitive threats 278

14.2.6      ROBERTET GROUP          279

14.2.6.1  Business overview 279

14.2.6.2  Products/Solutions/Services offered 280

14.2.6.3  Recent developments           284

14.2.6.3.1                Deals      284

14.2.6.3.2                Other developments             285

14.2.6.4  SWOT analysis     286

14.2.6.5  MnM view              286

14.2.7      TAKASAGO INTERNATIONAL CORPORATION    287

14.2.7.1  Business overview 287

14.2.7.2  Products/Solutions/Services offered 288

14.2.7.3  SWOT analysis     289

14.2.7.4  MnM view              290

14.2.8      MANE    291

14.2.8.1  Business overview 291

14.2.8.2  Products/Solutions/Services offered 292

14.2.8.3  Recent developments           292

14.2.8.3.1                Product launches  292

14.2.8.3.2                Deals      293

14.2.8.3.3                Expansions             293

14.2.8.4  SWOT analysis     296

14.2.8.5  MnM view              296

14.2.9      KAO CORPORATION       297

14.2.9.1  Business overview 297

14.2.9.2  Products/Solutions/Services offered 299

14.2.9.3  Recent developments           300

14.2.9.3.1                Product launches  300

14.2.9.3.2                Deals      300

14.2.9.3.3                Expansions             301

14.2.9.4  SWOT analysis     301

14.2.9.5  MnM view              302

14.2.10   T. HASEGAWA CO., LTD.               303

14.2.10.1                 Business overview 303

14.2.10.2                 Products/Solutions/Services offered 304

14.2.10.3                 SWOT analysis     305

14.2.10.4                 MnM view              305

14.2.11   CPL AROMAS     306

14.2.11.1                 Business overview 306

14.2.11.2                 Products/Solutions/Services offered 307

14.2.11.3                 Recent developments           308

14.2.11.3.1             Product launches  308

14.2.11.3.2             Deals      309

14.2.11.3.3             Expansions             310

14.2.11.4                 SWOT analysis     311

14.2.11.5                 MnM view              311

14.2.12   AROMATECH     312

14.2.12.1                 Business overview 312

14.2.12.2                 Products/Solutions/Services offered 312

14.2.12.3                 Recent developments           314

14.2.12.3.1             Product launches  314

14.2.12.4                 SWOT analysis     315

14.2.12.5                 MnM view              315

14.2.13   TREATT PLC      316

14.2.13.1                 Business overview 316

14.2.13.2                 Products/Solutions/Services offered 317

14.2.13.3                 Recent developments           318

14.2.13.3.1             Deals      318

14.2.13.3.2             Expansions             318

14.2.13.4                 SWOT analysis     319

14.2.13.5                 MnM view              319

14.2.14   HUABAO              320

14.2.14.1                 Business overview 320

14.2.14.2                 Products/Solutions/Services offered 321

14.2.14.3                 SWOT analysis     322

14.2.14.4                 MnM view              322

14.2.15   KEVA     323

14.2.15.1                 Business overview 323

14.2.15.2                 Products/Solutions/Services offered 325

14.2.15.3                 Recent developments           325

14.2.15.3.1             Deals      325

14.2.15.4                 SWOT analysis     326

14.2.15.5                 MnM view              326

14.3         OTHER PLAYERS              327

14.3.1      KALPSUTRA CHEMICALS PVT. LTD.        327

14.3.1.1  Business overview 327

14.3.1.2  Products/Solutions/Services offered 327

14.3.1.3  Recent developments           329

14.3.1.4  SWOT analysis     329

14.3.1.5  MnM view              329

14.3.2      ETERNIS FINE CHEMICALS           330

14.3.2.1  Business overview 330

14.3.2.2  Products/Solutions/Services offered 330

14.3.2.3  Recent developments           332

14.3.2.3.1                Deals      332

14.3.2.4  SWOT analysis     332

14.3.2.5  MnM view              333

14.3.3      AXXENCE AROMATIC GMBH       334

14.3.3.1  Business overview 334

14.3.3.2  Products/Solutions/Services offered 334

14.3.3.3  Recent developments           336

14.3.3.3.1                Deals      336

14.3.3.4  SWOT analysis     336

14.3.3.5  MnM view              337

14.3.4      FINE FRAGRANCES          338

14.3.4.1  Business overview 338

14.3.4.2  Products/Solutions/Services offered 338

14.3.4.3  Recent developments           339

14.3.4.4  SWOT analysis     340

14.3.4.5  MnM view              340

14.3.5      HARMONY ORGANICS PVT. LTD.              341

14.3.5.1  Business overview 341

14.3.5.2  Products/Solutions/Services offered 341

14.3.5.3  Recent developments           343

14.3.5.3.1                Product launches  343

14.3.5.4  SWOT analysis     344

14.3.5.5  MnM view              344

14.3.6      YIN YANG AROMA CHEMICAL GROUP    345

14.3.7      CRESCENT FRAGRANCES PVT. LTD.        346

14.3.8      VEERA FRAGRANCES      347

14.3.9      GEM AROMATICS LIMITED         348

14.3.10   BERJÉ INC.           349

15            ADJACENT & RELATED MARKETS             350

15.1         INTRODUCTION              350

15.2         LIMITATIONS    350

15.3         AROMA INGREDIENTS MARKET                350

15.3.1      MARKET DEFINITION   350

15.3.2      MARKET OVERVIEW       350

15.4         AROMA INGREDIENTS MARKET, BY REGION       351

15.4.1      EUROPE               351

15.4.2      ASIA PACIFIC     352

15.4.3      NORTH AMERICA             352

15.4.4      MIDDLE EAST & AFRICA                353

15.4.5      SOUTH AMERICA             353

16            APPENDIX           354

16.1         DISCUSSION GUIDE        354

16.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                357

16.3         CUSTOMIZATION OPTIONS        359

16.4         RELATED REPORTS         359

16.5         AUTHOR DETAILS           360

LIST OF TABLES

TABLE 1                USD EXCHANGE RATES, 2019–2023            37

TABLE 2                AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS,

BY REGION (USD/KG)    72

TABLE 3                AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS,

BY INGREDIENT TYPE (USD/KG)              73

TABLE 4                AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS,

BY SOURCE (USD/KG)   74

TABLE 5                ROLE OF COMPANIES IN ECOSYSTEM    77

TABLE 6                IMPORT OF FRAGRANCES, BY REGION, 2017–2022 (USD MILLION)       82

TABLE 7                EXPORT OF FRAGRANCES, BY REGION, 2017–2022 (USD MILLION)       83

TABLE 8                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  83

TABLE 9                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  84

TABLE 10              ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  85

TABLE 11              FRAGRANCE INGREDIENTS MARKET: KEY CONFERENCES AND EVENTS,

2024–2025              86

TABLE 12              PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS,

AND GRANTED PATENTS             87

TABLE 13              LIST OF MAJOR PATENTS, 2014–2024        89

TABLE 14              IMPACT OF PORTER’S FIVE FORCES ON FRAGRANCE INGREDIENTS MARKET      91

TABLE 15              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR FRAGRANCE INGREDIENT TYPES (%)        92

TABLE 16              KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 93

TABLE 17              FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2019–2023 (USD MILLION)         95

TABLE 18              FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)         96

TABLE 19              FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2019–2023 (METRIC TON)          96

TABLE 20              FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024–2029 (METRIC TON)          96

TABLE 21              NATURAL: FRAGRANCE INGREDIENTS MARKET, BY TYPE,

2019–2023 (USD MILLION)            97

TABLE 22              NATURAL: FRAGRANCE INGREDIENTS MARKET, BY TYPE,

2024–2029 (USD MILLION)            97

TABLE 23              NATURAL: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2019–2023 (USD MILLION)            97

TABLE 24              NATURAL: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2024–2029 (USD MILLION)            98

TABLE 25              NATURAL: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2019–2023 (METRIC TON)              98

TABLE 26              NATURAL: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2024–2029 (METRIC TON)              98

TABLE 27              SYNTHETIC: FRAGRANCE INGREDIENTS MARKET,

BY TYPE, 2019–2023 (USD MILLION)         101

TABLE 28              SYNTHETIC: FRAGRANCE INGREDIENTS MARKET,

BY TYPE, 2024–2029 (USD MILLION)         102

TABLE 29              SYNTHETIC: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2019–2023 (USD MILLION)            102

TABLE 30              SYNTHETIC: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2024–2029 (USD MILLION)            102

TABLE 31              SYNTHETIC: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2019–2023 (METRIC TON)              103

TABLE 32              SYNTHETIC: FRAGRANCE INGREDIENTS MARKET, BY REGION,

2024–2029 (METRIC TON)              103

TABLE 33              FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE,

2019–2023 (USD MILLION)            107

TABLE 34              FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE,

2024–2029 (USD MILLION)            108

TABLE 35              FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE,

2019–2023 (METRIC TON)              108

TABLE 36              FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE,

2024–2029 (METRIC TON)              108

TABLE 37              COMMODITY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   109

TABLE 38              COMMODITY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   109

TABLE 39              COMMODITY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    110

TABLE 40              COMMODITY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    110

TABLE 41              SPECIALTY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   111

TABLE 42              SPECIALTY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   111

TABLE 43              SPECIALTY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (MILLION TON)  111

TABLE 44              SPECIALTY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (MILLION TON)  112

TABLE 45              PROPRIETARY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   112

TABLE 46              PROPRIETARY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   113

TABLE 47              PROPRIETARY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    113

TABLE 48              PROPRIETARY INGREDIENTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    113

TABLE 49              FRAGRANCE INGREDIENTS MARKET, BY APPLICATION, 2019–2023 (USD MILLION)              115

TABLE 50              FRAGRANCE INGREDIENTS MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              116

TABLE 51              FRAGRANCE INGREDIENTS MARKET, BY APPLICATION, 2019–2023 (METRIC TON)               116

TABLE 52              FRAGRANCE INGREDIENTS MARKET, BY APPLICATION, 2024–2029 (METRIC TON)               116

TABLE 53              PERSONAL CARE PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   117

TABLE 54              PERSONAL CARE PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   117

TABLE 55              PERSONAL CARE PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    118

TABLE 56              PERSONAL CARE PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    118

TABLE 57              HOUSEHOLD PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   119

TABLE 58              HOUSEHOLD PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   119

TABLE 59              HOUSEHOLD PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    120

TABLE 60              HOUSEHOLD PRODUCTS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    120

TABLE 61              COSMETICS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   121

TABLE 62              COSMETICS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   121

TABLE 63              COSMETICS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    122

TABLE 64              COSMETICS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    122

TABLE 65              FOOD AND BEVERAGES: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   123

TABLE 66              FOOD AND BEVERAGES: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   123

TABLE 67              FOOD AND BEVERAGES: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    124

TABLE 68              FOOD AND BEVERAGES: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    124

TABLE 69              INDUSTRIAL: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   125

TABLE 70              INDUSTRIAL: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   125

TABLE 71              INDUSTRIAL: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    126

TABLE 72              INDUSTRIAL: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    126

TABLE 73              OTHER APPLICATIONS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   127

TABLE 74              OTHER APPLICATIONS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   127

TABLE 75              OTHER APPLICATIONS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    128

TABLE 76              OTHER APPLICATIONS: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    128

TABLE 77              FRAGRANCE INGREDIENTS MARKET, BY FORM, 2019–2023 (USD MILLION)            130

TABLE 78              FRAGRANCE INGREDIENTS MARKET, BY FORM, 2024–2029 (USD MILLION)            131

TABLE 79              FRAGRANCE INGREDIENTS MARKET, BY REGION, 2019–2023 (USD MILLION)          137

TABLE 80              FRAGRANCE INGREDIENTS MARKET, BY REGION, 2024–2029 (USD MILLION)          137

TABLE 81              FRAGRANCE INGREDIENTS MARKET, BY REGION, 2019–2023 (METRIC TON)           137

TABLE 82              FRAGRANCE INGREDIENTS MARKET, BY REGION, 2024–2029 (METRIC TON)           138

TABLE 83              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (USD MILLION)               140

TABLE 84              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               140

TABLE 85              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (METRIC TON)                140

TABLE 86              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (METRIC TON)                141

TABLE 87              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  141

TABLE 88              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  141

TABLE 89              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    141

TABLE 90              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    142

TABLE 91              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (USD MILLION)             142

TABLE 92              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (USD MILLION)             142

TABLE 93              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (METRIC TON)               142

TABLE 94              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (METRIC TON)               143

TABLE 95              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)       143

TABLE 96              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)       143

TABLE 97              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (METRIC TON)        144

TABLE 98              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (METRIC TON)        144

TABLE 99              NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2019–2023 (USD MILLION)              144

TABLE 100            NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2024–2029 (USD MILLION)              145

TABLE 101            NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2019–2023 (USD MILLION)          145

TABLE 102            NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2024–2029 (USD MILLION)          145

TABLE 103            US: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2019–2023 (USD MILLION)         146

TABLE 104            US: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)         146

TABLE 105            US: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2019–2023 (METRIC TON)          146

TABLE 106            US: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024–2029 (METRIC TON)          147

TABLE 107            CANADA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  147

TABLE 108            CANADA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  148

TABLE 109            CANADA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    148

TABLE 110            CANADA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    148

TABLE 111            MEXICO: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  149

TABLE 112            MEXICO: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  149

TABLE 113            MEXICO: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    149

TABLE 114            MEXICO: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    149

TABLE 115            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (USD MILLION)               151

TABLE 116            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               151

TABLE 117            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (METRIC TON)                151

TABLE 118            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (METRIC TON)                152

TABLE 119            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  152

TABLE 120            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  152

TABLE 121            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    152

TABLE 122            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    153

TABLE 123            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (USD MILLION)             153

TABLE 124            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (USD MILLION)             153

TABLE 125            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (METRIC TON)               153

TABLE 126            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (METRIC TON)               154

TABLE 127            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)       154

TABLE 128            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)       154

TABLE 129            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (METRIC TON)        155

TABLE 130            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (METRIC TON)        155

TABLE 131            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2019–2023 (USD MILLION)              155

TABLE 132            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2024–2029 (USD MILLION)              156

TABLE 133            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2019–2023 (USD MILLION)          156

TABLE 134            EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2024–2029 (USD MILLION)          156

TABLE 135          GERMANY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  157

TABLE 136          GERMANY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  157

TABLE 137          GERMANY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    157

TABLE 138          GERMANY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    158

TABLE 139            UK: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2019–2023 (USD MILLION)         158

TABLE 140            UK: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024–2029 (USD MILLION)         158

TABLE 141            UK: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2019–2023 (METRIC TON)          159

TABLE 142            UK: FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024–2029 (METRIC TON)          159

TABLE 143            FRANCE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  159

TABLE 144            FRANCE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  160

TABLE 145            FRANCE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    160

TABLE 146            FRANCE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    160

TABLE 147            ITALY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  161

TABLE 148            ITALY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  161

TABLE 149            ITALY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    161

TABLE 150            ITALY: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    161

TABLE 151            SPAIN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  162

TABLE 152            SPAIN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  162

TABLE 153            SPAIN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    162

TABLE 154            SPAIN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    163

TABLE 155            REST OF EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  163

TABLE 156            REST OF EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  163

TABLE 157            REST OF EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    164

TABLE 158            REST OF EUROPE: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    164

TABLE 159            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (USD MILLION)               166

TABLE 160            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               167

TABLE 161            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (METRIC TON)                167

TABLE 162            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (METRIC TON)                167

TABLE 163            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  168

TABLE 164            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  168

TABLE 165            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    168

TABLE 166            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    168

TABLE 167            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (USD MILLION)             169

TABLE 168            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (USD MILLION)             169

TABLE 169            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (METRIC TON)               169

TABLE 170            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (METRIC TON)               170

TABLE 171            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)       170

TABLE 172            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)       170

TABLE 173            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (METRIC TON)        171

TABLE 174            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (METRIC TON)        171

TABLE 175            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2019–2023 (USD MILLION)              171

TABLE 176            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2024–2029 (USD MILLION)              172

TABLE 177            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2019–2023 (USD MILLION)          172

TABLE 178            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2024–2029 (USD MILLION)          172

TABLE 179            CHINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  173

TABLE 180            CHINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  173

TABLE 181            CHINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    173

TABLE 182            CHINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    174

TABLE 183            INDIA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  174

TABLE 184            INDIA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  174

TABLE 185            INDIA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    175

TABLE 186            INDIA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    175

TABLE 187            JAPAN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  175

TABLE 188            JAPAN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  176

TABLE 189            JAPAN: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    176

TABLE 190            JAPAN: FRAGRANCE INGREDIENTS MARKET, BY SOURCE,

2024–2029 (METRIC TON)              176

TABLE 191            AUSTRALIA AND NEW ZEALAND: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  177

TABLE 192            AUSTRALIA AND NEW ZEALAND: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  177

TABLE 193            AUSTRALIA AND NEW ZEALAND: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    177

TABLE 194            AUSTRALIA AND NEW ZEALAND: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    177

TABLE 195            REST OF ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  178

TABLE 196            REST OF ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  178

TABLE 197            REST OF ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    179

TABLE 198            REST OF ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    179

TABLE 199            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (USD MILLION)               180

TABLE 200            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (USD MILLION)               180

TABLE 201            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2019–2023 (METRIC TON)                180

TABLE 202            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY COUNTRY, 2024–2029 (METRIC TON)                181

TABLE 203            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  181

TABLE 204            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  181

TABLE 205            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    181

TABLE 206            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    182

TABLE 207            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (USD MILLION)             182

TABLE 208            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (USD MILLION)             182

TABLE 209            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (METRIC TON)               182

TABLE 210            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (METRIC TON)               183

TABLE 211            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)       183

TABLE 212            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)       183

TABLE 213            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (METRIC TON)        184

TABLE 214            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (METRIC TON)        184

TABLE 215            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2019–2023 (USD MILLION)              184

TABLE 216            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2024–2029 (USD MILLION)              185

TABLE 217            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2019–2023 (USD MILLION)          185

TABLE 218            SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2024–2029 (USD MILLION)          185

TABLE 219            BRAZIL: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  186

TABLE 220            BRAZIL: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  186

TABLE 221            BRAZIL: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    187

TABLE 222            BRAZIL: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    187

TABLE 223            ARGENTINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  188

TABLE 224            ARGENTINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  188

TABLE 225            ARGENTINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    188

TABLE 226            ARGENTINA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    188

TABLE 227            REST OF SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  189

TABLE 228            REST OF SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  189

TABLE 229            REST OF SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    189

TABLE 230            REST OF SOUTH AMERICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    190

TABLE 231            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (USD MILLION)   191

TABLE 232            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (USD MILLION)   191

TABLE 233            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2019–2023 (METRIC TON)    191

TABLE 234            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY REGION, 2024–2029 (METRIC TON)    191

TABLE 235            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  192

TABLE 236            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  192

TABLE 237            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    192

TABLE 238            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    192

TABLE 239            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (USD MILLION)             193

TABLE 240            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (USD MILLION)             193

TABLE 241            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2019–2023 (METRIC TON)               193

TABLE 242            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY INGREDIENT TYPE, 2024–2029 (METRIC TON)               194

TABLE 243            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (USD MILLION)       194

TABLE 244            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (USD MILLION)       194

TABLE 245            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2019–2023 (METRIC TON)        195

TABLE 246            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY APPLICATION, 2024–2029 (METRIC TON)        195

TABLE 247            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2019–2023 (USD MILLION)              195

TABLE 248            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY NATURAL SOURCE, 2024–2029 (USD MILLION)              196

TABLE 249            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2019–2023 (USD MILLION)          196

TABLE 250            REST OF THE WORLD: FRAGRANCE INGREDIENTS MARKET,

BY SYNTHETIC SOURCE, 2024–2029 (USD MILLION)          196

TABLE 251            MIDDLE EAST: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  197

TABLE 252            MIDDLE EAST: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  197

TABLE 253            MIDDLE EAST: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    198

TABLE 254            MIDDLE EAST: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    198

TABLE 255            AFRICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (USD MILLION)  199

TABLE 256            AFRICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (USD MILLION)  199

TABLE 257            AFRICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2019–2023 (METRIC TON)    199

TABLE 258            AFRICA: FRAGRANCE INGREDIENTS MARKET,

BY SOURCE, 2024–2029 (METRIC TON)    199

TABLE 259            FRAGRANCE INGREDIENTS MARKET: OVERVIEW OF STRATEGIES ADOPTED

BY KEY MANUFACTURERS, 2020–2024      200

TABLE 260            FRAGRANCE INGREDIENTS MARKET: DEGREE OF COMPETITION           202

TABLE 261            FRAGRANCE INGREDIENTS MARKET: REGION FOOTPRINT       207

TABLE 262            FRAGRANCE INGREDIENTS MARKET: SOURCE FOOTPRINT       208

TABLE 263            FRAGRANCE INGREDIENTS MARKET: APPLICATION FOOTPRINT         209

TABLE 264            FRAGRANCE INGREDIENTS MARKET: KEY STARTUPS/SMES              212

TABLE 265            FRAGRANCE INGREDIENTS MARKET: COMPETITIVE BENCHMARKING

OF KEY STARTUPS/SMES              213

TABLE 266            FRAGRANCE INGREDIENTS MARKET: PRODUCT LAUNCHES,

JANUARY 2020–NOVEMBER 2024                 216

TABLE 267            FRAGRANCE INGREDIENTS MARKET: DEALS, JANUARY 2020–NOVEMBER 2024                 222

TABLE 268            FRAGRANCE INGREDIENTS MARKET: EXPANSIONS,

JANUARY 2020–NOVEMBER 2024                 227

TABLE 269            FRAGRANCE INGREDIENTS MARKET: OTHER DEVELOPMENTS,

JANUARY 2020–NOVEMBER 2024                 236

TABLE 270            BASF: COMPANY OVERVIEW       237

TABLE 271            BASF: PRODUCTS/SOLUTIONS/SERVICES OFFERED             238

TABLE 272            BASF: PRODUCT LAUNCHES       241

TABLE 273            BASF: DEALS      241

TABLE 274            BASF: EXPANSIONS         242

TABLE 275            INTERNATIONAL FLAVORS & FRAGRANCES, INC.: COMPANY OVERVIEW        244

TABLE 276            INTERNATIONAL FLAVORS & FRAGRANCES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED         245

TABLE 277            INTERNATIONAL FLAVORS & FRAGRANCES, INC.: DEALS        248

TABLE 278            INTERNATIONAL FLAVORS & FRAGRANCES, INC.: EXPANSIONS           249

TABLE 279            GIVAUDAN: COMPANY OVERVIEW          252

TABLE 280            GIVAUDAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED             253

TABLE 281            GIVAUDAN: PRODUCT LAUNCHES          255

TABLE 282            GIVAUDAN: DEALS          256

TABLE 283            GIVAUDAN: EXPANSIONS             258

TABLE 284            SYMRISE: COMPANY OVERVIEW                261

TABLE 285            SYMRISE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             262

TABLE 286            SYMRISE: PRODUCT LAUNCHES                265

TABLE 287            SYMRISE: DEALS               266

TABLE 288            SYMRISE: EXPANSIONS 267

TABLE 289            SYMRISE: OTHER DEVELOPMENTS          268

TABLE 290            DSM-FIRMENICH: COMPANY OVERVIEW                 270

TABLE 291            DSM-FIRMENICH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    271

TABLE 292            DSM-FIRMENICH: PRODUCT LAUNCHES                 274

TABLE 293            DSM-FIRMENICH: DEALS              275

TABLE 294            DSM-FIRMENICH: EXPANSIONS 276

TABLE 295            ROBERTET GROUP: COMPANY OVERVIEW                 279

TABLE 296            ROBERTET GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED    280

TABLE 297            ROBERTET GROUP: DEALS          284

TABLE 298            ROBERTET GROUP: OTHER DEVELOPMENTS                 285

TABLE 299            TAKASAGO INTERNATIONAL CORPORATION: COMPANY OVERVIEW   287

TABLE 300            TAKASAGO INTERNATIONAL CORPORATION: PRODUCTS/SOLUTIONS/

SERVICES OFFERED        288

TABLE 301            MANE: COMPANY OVERVIEW    291

TABLE 302            MANE: PRODUCTS/SOLUTIONS/SERVICES OFFERED             292

TABLE 303            MANE: PRODUCT LAUNCHES     292

TABLE 304            MANE: DEALS    293

TABLE 305            MANE: EXPANSIONS       293

TABLE 306            KAO CORPORATION: COMPANY OVERVIEW                 297

TABLE 307            KAO CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED    299

TABLE 308            KAO CORPORATION: PRODUCT LAUNCHES                 300

TABLE 309            KAO CORPORATION: DEALS       300

TABLE 310            KAO CORPORATION: EXPANSIONS          301

TABLE 311            T. HASEGAWA CO., LTD.: COMPANY OVERVIEW                 303

TABLE 312            T. HASEGAWA CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    304

TABLE 313            CPL AROMAS: COMPANY OVERVIEW      306

TABLE 314            CPL AROMAS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    307

TABLE 315            CPL AROMAS: PRODUCT LAUNCHES      308

TABLE 316            CPL AROMAS: DEALS     309

TABLE 317            CPL AROMAS: EXPANSIONS        310

TABLE 318            AROMATECH: COMPANY OVERVIEW      312

TABLE 319            AROMATECH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    312

TABLE 320            AROMATECH: PRODUCT LAUNCHES      314

TABLE 321            TREATT PLC: COMPANY OVERVIEW       316

TABLE 322            TREATT PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED    317

TABLE 323            TREATT PLC: DEALS      318

TABLE 324            TREATT PLC: EXPANSIONS         318

TABLE 325            HUABAO: COMPANY OVERVIEW               320

TABLE 326            HUABAO: PRODUCTS/SOLUTIONS/SERVICES OFFERED             321

TABLE 327            KEVA: COMPANY OVERVIEW      323

TABLE 328            KEVA: PRODUCTS/SOLUTIONS/SERVICES OFFERED             325

TABLE 329            KEVA: DEALS     325

TABLE 330            KALPSUTRA CHEMICALS PVT. LTD.: COMPANY OVERVIEW          327

TABLE 331            KALPSUTRA CHEMICALS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    327

TABLE 332            ETERNIS FINE CHEMICALS: COMPANY OVERVIEW          330

TABLE 333            ETERNIS FINE CHEMICALS: PRODUCTS/SOLUTIONS/SERVICES OFFERED    330

TABLE 334            ETERNIS FINE CHEMICALS: DEALS           332

TABLE 335            AXXENCE AROMATIC GMBH: COMPANY OVERVIEW          334

TABLE 336            AXXENCE AROMATIC GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED    334

TABLE 337            AXXENCE AROMATIC GMBH: DEALS       336

TABLE 338            FINE FRAGRANCES: COMPANY OVERVIEW                 338

TABLE 339            FINE FRAGRANCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED    338

TABLE 340            HARMONY ORGANICS PVT. LTD.: COMPANY OVERVIEW          341

TABLE 341            HARMONY ORGANICS PVT. LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED    341

TABLE 342            HARMONY ORGANICS PVT. LTD.: PRODUCT LAUNCHES          343

TABLE 343            YIN YANG AROMA CHEMICAL GROUP: COMPANY OVERVIEW   345

TABLE 344            CRESCENT FRAGRANCES PVT. LTD.: COMPANY OVERVIEW          346

TABLE 345            VEERA FRAGRANCES: COMPANY OVERVIEW                 347

TABLE 346            GEM AROMATICS LIMITED: COMPANY OVERVIEW          348

TABLE 347            BERJÉ INC.: COMPANY OVERVIEW           349

TABLE 348            AROMA INGREDIENTS MARKET, BY REGION, 2016–2023 (USD MILLION)            351

TABLE 349            EUROPE: AROMA INGREDIENTS MARKET, BY COUNTRY,

2016–2023 (USD MILLION)            351

TABLE 350            ASIA PACIFIC: AROMA INGREDIENTS MARKET, BY COUNTRY,

2016–2023 (USD MILLION)            352

TABLE 351            NORTH AMERICA: AROMA INGREDIENTS MARKET, BY COUNTRY,

2016–2023 (USD MILLION)            352

TABLE 352            MIDDLE EAST & AFRICA: AROMA INGREDIENTS MARKET,

BY COUNTRY, 2016–2023 (USD MILLION)               353

TABLE 353            SOUTH AMERICA: AROMA INGREDIENTS MARKET,

BY COUNTRY, 2016–2023 (USD MILLION)               353

LIST OF FIGURES

FIGURE 1              FRAGRANCE INGREDIENTS MARKET: RESEARCH DESIGN         39

FIGURE 2              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1

(SUPPLY SIDE)—COLLECTIVE SHARE OF KEY PLAYERS 43

FIGURE 3              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2

(SUPPLY SIDE)—COLLECTIVE REVENUE OF ALL PRODUCTS                 43

FIGURE 4              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3

(DEMAND SIDE)—PRODUCTS SOLD       44

FIGURE 5              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4–TOP-DOWN APPROACH   44

FIGURE 6              FRAGRANCE INGREDIENTS MARKET: DATA TRIANGULATION             45

FIGURE 7              FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)   50

FIGURE 8              FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE,

2024 VS. 2029 (USD MILLION)      51

FIGURE 9              FRAGRANCE INGREDIENTS MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)      52

FIGURE 10            FRAGRANCE INGREDIENTS MARKET, BY APPLICATION,

2024 VS. 2029 (USD MILLION)      52

FIGURE 11            FRAGRANCE INGREDIENTS MARKET, BY REGION, 2024     53

FIGURE 12            INCREASING DEMAND FOR PERSONAL CARE AND BEAUTY PRODUCTS

TO DRIVE MARKET         54

FIGURE 13            SYNTHETIC SEGMENT AND FRANCE TO ACCOUNT FOR LARGEST MARKET

SHARES IN 2024 55

FIGURE 14            US TO ACCOUNT FOR LARGEST SHARE IN 2024                 56

FIGURE 15            SYNTHETIC SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD       57

FIGURE 16            SPECIALTY INGREDIENTS SEGMENT TO DOMINATE MARKET DURING

FORECAST PERIOD         58

FIGURE 17            PERSONAL CARE PRODUCTS SEGMENT TO LEAD MARKET DURING

FORECAST PERIOD         59

FIGURE 18            EUROPEAN MARKET FOR COSMETICS PRODUCTS, 2023               60

FIGURE 19            FRAGRANCE INGREDIENTS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES,

AND CHALLENGES          62

FIGURE 20            FRAGRANCE INGREDIENTS MARKET: SUPPLY CHAIN ANALYSIS              68

FIGURE 21            FRAGRANCE INGREDIENTS MARKET: VALUE CHAIN ANALYSIS              70

FIGURE 22            AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS,

BY REGION (USD/KG)    72

FIGURE 23            AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS,

BY INGREDIENT TYPE (USD/KG)              73

FIGURE 24            AVERAGE SELLING PRICE TREND OF FRAGRANCE INGREDIENTS,

BY SOURCE (USD/KG)   74

FIGURE 25            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   75

FIGURE 26            FRAGRANCE INGREDIENTS MARKET: ECOSYSTEM ANALYSIS  76

FIGURE 27            IMPORT OF FRAGRANCES, BY KEY COUNTRIES, 2017–2022 (USD MILLION)            81

FIGURE 28            EXPORT OF FRAGRANCES, BY KEY COUNTRIES, 2017–2022 (USD MILLION)            82

FIGURE 29            INVESTMENT AND FUNDING SCENARIO                 86

FIGURE 30            PATENTS REGISTERED FOR FRAGRANCES, 2014–2024        87

FIGURE 31            LIST OF MAJOR PATENTS FOR FRAGRANCE INGREDIENTS, 2014–2024               88

FIGURE 32            FRAGRANCE INGREDIENTS MARKET: PORTER’S FIVE FORCES ANALYSIS 90

FIGURE 33            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR

FRAGRANCE INGREDIENT TYPES             92

FIGURE 34            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 93

FIGURE 35            FRAGRANCE INGREDIENTS MARKET, BY SOURCE, 2024 VS. 2029 (USD MILLION)   95

FIGURE 36            FRAGRANCE INGREDIENTS MARKET, BY INGREDIENT TYPE,

2024 VS. 2029 (USD MILLION)      107

FIGURE 37            FRAGRANCE INGREDIENTS MARKET, BY APPLICATION,

2024 VS. 2029 (USD MILLION)      115

FIGURE 38            SKIN CARE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023             118

FIGURE 39            LAUNDRY CARE SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023             120

FIGURE 40            PERFUMES & FINE FRAGRANCES SEGMENT TO DOMINATE MARKET IN 2023       122

FIGURE 41            BEVERAGES SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2023             124

FIGURE 42            OTHER INDUSTRIAL APPLICATIONS SEGMENT HAD THE LARGEST MARKET

SHARE IN 2023   126

FIGURE 43            FRAGRANCE INGREDIENTS MARKET, BY FORM, 2024 VS. 2029 (USD MILLION)      130

FIGURE 44            INDIA TO RECORD HIGHEST CAGR DURING FORECAST PERIOD         136

FIGURE 45            POPULATION AFFECTING URBANIZATION AND MARKET REACH OF

FRAGRANCE INGREDIENTS         138

FIGURE 46            NORTH AMERICA: FRAGRANCE INGREDIENTS MARKET SNAPSHOT       139

FIGURE 47            ASIA PACIFIC: FRAGRANCE INGREDIENTS MARKET SNAPSHOT       166

FIGURE 48            FRAGRANCE INGREDIENTS MARKET: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2021–2023 (USD BILLION)                 203

FIGURE 49            FRAGRANCE INGREDIENTS MARKET: GLOBAL SNAPSHOT OF

KEY PARTICIPANTS, 2023              204

FIGURE 50            FRAGRANCE INGREDIENTS MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023       205

FIGURE 51            FRAGRANCE INGREDIENTS MARKET: COMPANY FOOTPRINT       206

FIGURE 52            FRAGRANCE INGREDIENTS MARKET: COMPANY EVALUATION MATRIX (STARTUP/SMES), 2023    211

FIGURE 53            FRAGRANCE INGREDIENTS MARKET: BRAND/PRODUCT COMPARISON             214

FIGURE 54            EV/EBITDA OF KEY MANUFACTURERS OF FRAGRANCE INGREDIENTS MARKET      215

FIGURE 55            ENTERPRISE VALUATION (EV) OF KEY PLAYERS IN FRAGRANCE

INGREDIENTS MARKET 215

FIGURE 56            BASF: COMPANY SNAPSHOT      238

FIGURE 57            BASF: SWOT ANALYSIS  242

FIGURE 58            INTERNATIONAL FLAVORS & FRAGRANCES, INC.: COMPANY SNAPSHOT        245

FIGURE 59            INTERNATIONAL FLAVORS & FRAGRANCES, INC.: SWOT ANALYSIS    250

FIGURE 60            GIVAUDAN: COMPANY SNAPSHOT          253

FIGURE 61            GIVAUDAN: SWOT ANALYSIS     259

FIGURE 62            SYMRISE: COMPANY SNAPSHOT                262

FIGURE 63            SYMRISE: SWOT ANALYSIS           268

FIGURE 64            DSM-FIRMENICH: COMPANY SNAPSHOT                 271

FIGURE 65            DSM-FIRMENICH: SWOT ANALYSIS          277

FIGURE 66            ROBERTET GROUP: COMPANY SNAPSHOT                 280

FIGURE 67            ROBERTET GROUP: SWOT ANALYSIS     286

FIGURE 68            TAKASAGO INTERNATIONAL CORPORATION: COMPANY SNAPSHOT   287

FIGURE 69            TAKASAGO INTERNATIONAL CORPORATION: SWOT ANALYSIS               289

FIGURE 70            MANE: COMPANY SNAPSHOT    291

FIGURE 71            MANE: SWOT ANALYSIS                296

FIGURE 72            KAO CORPORATION: COMPANY SNAPSHOT                 298

FIGURE 73            KAO CORPORATION: SWOT ANALYSIS  301

FIGURE 74            T. HASEGAWA CO., LTD.: COMPANY SNAPSHOT                 304

FIGURE 75            T. HASEGAWA CO., LTD.: SWOT ANALYSIS                 305

FIGURE 76            CPL AROMAS: COMPANY SNAPSHOT      306

FIGURE 77            CPL AROMAS: SWOT ANALYSIS 311

FIGURE 78            AROMATECH: SWOT ANALYSIS 315

FIGURE 79            TREATT PLC: COMPANY SNAPSHOT       316

FIGURE 80            TREATT PLC: SWOT ANALYSIS  319

FIGURE 81            HUABAO: COMPANY SNAPSHOT               320

FIGURE 82            HUABAO: SWOT ANALYSIS          322

FIGURE 83            KEVA: COMPANY SNAPSHOT      324

FIGURE 84            KEVA: SWOT ANALYSIS 326

FIGURE 85            KALPSUTRA CHEMICALS PVT. LTD.: SWOT ANALYSIS            329

FIGURE 86            ETERNIS FINE CHEMICALS: SWOT ANALYSIS                 332

FIGURE 87            AXXENCE AROMATIC GMBH: SWOT ANALYSIS                 336

FIGURE 88            FINE FRAGRANCES: SWOT ANALYSIS      340

FIGURE 89            HARMONY ORGANICS PVT. LTD.: SWOT ANALYSIS            344

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