A report by PR Newswire says that the fragrance ingredients market is expected to grow by $2.83 billion during 2021-2025, progressing at a CAGR of 3.90% during the forecast period.
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The fragrance ingredients market report covers insights on major trends, key growth drivers and challenges impacting the overall growth of the market.
The report identifies the growing demand for cosmetic products as one of the major factors driving the growth of the market. In addition, the growing demand for detergents and growth in the pulp and paper industry will further fuel the market's growth. However, side effects of fragrance ingredients and rising prices of raw materials hinder market growth.
Companies Mentioned
- BASF SE
- BRENNTAG AG
- Ernesto Ventos SA
- Firmenich SA
- Givaudan SA
- Huabao International Holdings Ltd.
- International Flavors and Fragrances Inc.
- Symrise AG
- Synthite Industries Pvt. Ltd.
- The MANE Group
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