October 15, 2020
Global Fragrance Ingredients Market 2020 - Impact of COVID-19, Future Growth Analysis and Challenges
The global fragrance ingredients market was valued at $13.6 billion in 2019, and is projected to reach $16.1 billion by 2027, growing at a CAGR of 3.8% from 2020 to 2027.
Fragrance ingredients are natural and synthetic substances, which when added to products give them desired smell. They are used extensively in products such as detergents, cosmetics, soaps, toiletries and so on. Ingredients for fragrances are generally extracted from natural or petroleum raw materials and are used widely in personal care and other consumer goods.