Hyderabad, India -- (SBWIRE) -- 02/23/2018 -- According to a new market research report " Fragrance Ingredients Market by Type (Essentials Oils (Orange, Mentha Arvensis, Eucalyptus, Cedarwood, Citronella) and Aroma Chemicals (Terpenes, benzenoids, Musk Chemicals)), by Application (Cosmetics & toiletries, Fine Fragrances, Soaps & Detergents), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", published by MarketDataForecast™, the global Fragrance Ingredients Market was estimated to be worth USD 14.57 billion in 2016 and is calculated to grow with a CAGR of 5.6%, to approach USD 19.13 billion by 2021. Increasing use of fragrance ingredients for both personal and commercial purposes helps the market growth.

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Organic Fragrance Ingredients to witness an increased demand in the forecast period
On the basis of type, the global market is broadly divided into essentials oils and aroma chemicals. Each segment respectively has further sub segments like Orange, Eucalyptus, Cedar wood, Citronella and benzenoids, Musk Chemicals. Chemically conscious people tend to use the organic essential oil based fragrances that are usually high end. Scientific advancements also act as a positive influence on the market growth.

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Cosmetics segment to command the global market according to the Growth rate
As per classification by Application, the global market is categorized into Cosmetics & toiletries, Fine Fragrances and Soaps & Detergents. Many kinds of new fragrances are being invented that include more than one kind of fragrance ingredients. In this segmentation, the largest share of the global market was contributed by the Soaps & Detergents segment in 2016. Cosmetics & Toiletries segment is predicted to have a high growth rate.

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North America is estimated to command the largest share of the market
Under segmentation by geography, the global market is studied as North America, Europe, Asia-Pacific and Rest of the World regions. Post the REACH legislation by the Europe Union, the global Fragrance Ingredients market is dominated by Europe. It provided close to one-third of the total market share globally. North America and Asia Pacific regions portray a favourable growth rate in the recent future.

Major companies on the global Fragrance Ingredients market scape are Firmenich International SA, Frutarom Industries Ltd., BASF SE, Givaudan SA, Symrise AG, T. Hasegawa Co. Ltd., Mane SA, Robertet SA, International Flavors and Fragrances Inc., and Takasago International Corp.

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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