Artificial Fragrance Market size is estimated to be USD 10.5 Billion in 2024 and is expected to reach USD 15.2 Billion by 2033 at a CAGR of 4.8% from 2026 to 2033.
The global Artificial Fragrance Market was valued at approximately USD 16.4 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. The markets growth is driven by an increasing demand for perfumes, cosmetics, and personal care products across the globe. North America dominated the market in 2022, contributing to around 35% of the global share. This was mainly due to high consumer spending, a strong preference for premium fragrances, and a robust presence of fragrance manufacturers. Europe also held a significant share, accounting for approximately 30%, bolstered by the high demand for luxury products and the influence of the fashion industry. The Asia Pacific region is projected to experience the highest CAGR during the forecast period, with rapid urbanization and a rising middle class population fueling growth in countries like China and India. The regions market size is expected to reach USD 6.3 billion by 2030, growing at a CAGR of 7.2%. Latin America and the Middle East & Africa are also anticipated to witness steady growth, owing to a growing trend in personal care and rising disposable income among consumers.
In terms of market opportunities, the growing adoption of artificial fragrances in household products and the expanding e commerce sector are key factors contributing to the markets expansion. Additionally, the increasing use of artificial fragrances in the food and beverage industry is opening new avenues for market growth. The demand for natural and eco friendly fragrances has created opportunities for innovations in the artificial fragrance segment, with manufacturers focusing on creating sustainable products that meet consumer preferences. With the rising awareness regarding personal hygiene and grooming, the market for artificial fragrances in the personal care and home care segments is expected to continue expanding globally, driven by both demand and technological advancements in fragrance formulation.
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Apple Flavor and Fragrance Group Co.
Ltd
IFF
Givaudan
Takasago International Corporation
International Flavors & Fragrances Inc
Alpha Aromatics
Tastepoint by IFF
Whittle & Mutch Inc
Sensient Technologies
Custom Flavors
Symrise AG
Ingretec
Heartland Food Products Group
Firmenich
T. Hasegawa USA Inc
LANXESS
Bell Flavors & Fragrances
Inc
Makers Nutrition
Vigon International
Quality Ingredients Corp
Synergy Flavors
Inc
The Flavor Factory
CAIF Naturally Sourced Solutions
Fontana Flavors
Shanghai Wanxiang Flavours & Fragrances Co.
Ltd
Chengdu Jianzhong Flavor & Fragrance Co.
Ltd.
Anhui Huaye Aromas Co.
Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Artificial Fragrance Market
Floral
Fruity
Woody
Oriental
Citrus
Spicy
Perfumes
Deodorants
Lotions and Creams
Alcohol-Based
Oil-Based
Aqueous-Based
Gel-Based
E-commerce Websites
Brand Websites
Millennials
Generation Z
Generation X
Baby Boomers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Artificial Fragrance Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Artificial Fragrance Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Artificial Fragrance Market, By Type
6. Global Artificial Fragrance Market, By Application
7. Global Artificial Fragrance Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Artificial Fragrance Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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