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Report: Fragrance Ingredients Market to Reach $17.1B by 2019

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A Markets and Markets report “Fragrance Ingredients Market by Type (Essential Oils and Aroma Chemicals), by Application (Cosmetics & Toiletries, and Soaps & Detergents) & by Geography - Global Trends & Forecasts to 2019”,  predicts the market will grow at a compound annual growth rate (CAGR) of 5.6% from 2014 to reach $17.1 Billion by 2019.

The global market for fragrance ingredients was valued at $12.383 Billion in 2013. Europe dominated the market in 2013, which was followed by North America. Latin America is projected to be the fastest-growing market between 2014 and 2019.

“The fragrance ingredients market continues to grow due to high demand in most of the countries around the world and intensifying market opportunities,” the report said. “The market players are responding to these new opportunities by expanding their global presence and product lines.”

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