The global Fragrances Market size is prognosticated to reach USD 38.56 billion by 2026, exhibiting a CAGR of 4.8% by 2026, the market value stood at USD 26.50 billion in 2018.This is attributable to the rapid growth of the food and beverage industry that propelled the demand for new flavors.
This information is published in an upcoming report by Fortune Business Insights™ titled, “Fragrances Market Size, Share & Industry Analysis, By Type (Flavors {Natural and Synthetic} and Fragrances {Natural and Synthetic}) By Application (Food & Beverage, Flavors and Fragrances & Personal Care, Pharmaceutical, Home & Floor Care, Fine Fragrances, and others) and Regional Forecasts, 2019-2026.”Drivers:Increasing Demand from Cosmetic Industry to Drive MarketThe prevailing trend of ready-to-eat and convenience food products have propelled companies to introduce innovative flavors into the food and beverage industry.
In addition to this, there is a rise in demand for scented soaps, detergents, toiletries, and Flavors and Fragrances, and perfumes, owing to the rise in modernization and the adoption of higher living standards among people.
Therefore, the increasing demand from the cosmetic industry will also add impetus to the overall market in the forecast period.On the other side, synthetic fragrances are gaining popularity on account of their strong aroma and long-lasting properties.
Analysts at Fortune Business Insights™ say, “There is a high preference for organic ingredients in the personal care sector.
This is further propelling the demand for natural fragrances.” Therefore, the demand for synthetic and organic fragrances are anticipated to expand the Fragrances Market in the forecast period.List of Best Players Profiled in Fragrances Market are;International Flavors and Fragrances (IFF)Robertet GroupSensient TechnologiesTakasago International CorpManeSolvay S.A.GivaudanSymrise AGKerry Group plcFirmenich SAT.
The global Fragrances Market size is prognosticated to reach USD 38.56 billion by 2026, exhibiting a CAGR of 4.8% by 2026, the market value stood at USD 26.50 billion in 2018.This is attributable to the rapid growth of the food and beverage industry that propelled the demand for new flavors.
This information is published in an upcoming report by Fortune Business Insights™ titled, “Fragrances Market Size, Share & Industry Analysis, By Type (Flavors {Natural and Synthetic} and Fragrances {Natural and Synthetic}) By Application (Food & Beverage, Flavors and Fragrances & Personal Care, Pharmaceutical, Home & Floor Care, Fine Fragrances, and others) and Regional Forecasts, 2019-2026.”Drivers:Increasing Demand from Cosmetic Industry to Drive MarketThe prevailing trend of ready-to-eat and convenience food products have propelled companies to introduce innovative flavors into the food and beverage industry.
In addition to this, there is a rise in demand for scented soaps, detergents, toiletries, and Flavors and Fragrances, and perfumes, owing to the rise in modernization and the adoption of higher living standards among people.
Therefore, the increasing demand from the cosmetic industry will also add impetus to the overall market in the forecast period.On the other side, synthetic fragrances are gaining popularity on account of their strong aroma and long-lasting properties.
Analysts at Fortune Business Insights™ say, “There is a high preference for organic ingredients in the personal care sector.
This is further propelling the demand for natural fragrances.” Therefore, the demand for synthetic and organic fragrances are anticipated to expand the Fragrances Market in the forecast period.List of Best Players Profiled in Fragrances Market are;International Flavors and Fragrances (IFF)Robertet GroupSensient TechnologiesTakasago International CorpManeSolvay S.A.GivaudanSymrise AGKerry Group plcFirmenich SAT.