The global Perfume and Essence market was valued at US$ 29250 million in 2019 and is expected to reach US$ 38170 million by the end of 2026, growing at a CAGR of 4.8% during 2021-2026.
Perfume is an organic compound that can be sensed by smell or taste, also known as aroma raw material, which is mainly used to prepare essence for flavoring products, or directly used as food additives.
Essence is a mixture of spices and related accessories with a specific aroma or fragrance, generally used for flavoring products after consumption.
The global market share of perfume and essence in 2019 was 63.76% and 36.24%, respectively.
The global market has a high industry concentration and is shifting to developing countries. In recent years, the combined market share of Givaudan, Firmenich, IFF and Symrise has been maintained above 50%.
The perfume and essence market is mainly used in food and drinks, daily chemicals, tobaccos and other, with market shares of 50.36%, 42.89%, 2.17% and 4.58% respectively in 2019.
Global Perfume and Essence Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Perfume and Essence Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Givaudan, Firmenich, IFF, Symrise, WILD Flavors, Mane, Takasago, Sensient, Robert, T.Hasegawa, Huabao International, Boton Group, Apple, NHU, Baihua Flavours and Fragrances and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
Segment by Application
- Food & Drinks
- Daily Chemicals
Table of Content:
1 Perfume and Essence Market Overview
2 Perfume and Essence Market Competition by Manufacturers
3 Perfume and Essence Retrospective Market Scenario by Region
4 Global Perfume and Essence Historic Market Analysis by Type
5 Global Perfume and Essence Historic Market Analysis by Application
6 Key Companies Profiled
7 Perfume and Essence Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Perfume and Essence Market Dynamics
10 Global Perfume and Essence Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.