Market Overview:
The global functional fragrances market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for natural fragrances and rising awareness about the benefits of using functional fragrances. The global functional fragrances market is segmented on the basis of type, application, and region. On the basis of type, it is divided into natural fragrances and artificial fragrances. The natural fragrance segment dominates this market owing to their growing popularity among consumers due to their perceived health benefits over artificial counterparts. On the basis of application, it is classified into food and beverages, daily chemicals, tobacco industry, and others (including personal care products). The food and beverage sector accounts for a major share in this market as consumers are increasingly becoming aware about the need for adding flavorings as well as aromas in order to make their food more appealing and tasty. Regionally speaking, North America leads this market followed by Europe due with rising demand from countries such as Germany France Italy Spain etc.
Product Definition:
Functional fragrances are important because they can mask unpleasant smells and improve the quality of the air. They can also be used to scent products or environments.
Natural Fragrances:
Natural fragrances are produced from essential oils, plant extracts and animal Essences. These products have therapeutic properties which help in treating various health issues related to skin, hair & body. Essential oils are extracted from fruits & flowers by mechanical or chemical means. The most commonly used natural fragrance is that of vanilla extract which has a sweet aroma and flavor with no aftertaste.
Artificial Fragrances:
Artificial fragrances are man-made scents that are intended to imitate natural human fragrance. They can be categorized as toiletry products, cosmetics or personal care products and home cleaning products. Some of the common artificial fragrances include vanilla, chocolate, leather and tobacco extracts along with fruit flavors such as orange peel, apple blossom and peach among others. Artificial fragrance is a type of flavoring agent used in food & beverages for enhancing their aroma properties rather than nutritional properties.
Application Insights:
The food and beverages application segment led the market in 2017. The product is widely used in this application to enhance the sensory properties of foods and beverages. It can be used alone or as a combination with other chemicals such as vanillin, coumarin, eugenol, acetylation compounds among others.
Functional fragrances are also extensively used in cosmetics products for personal care applications owing to their ability to provide long-lasting fragrance without having any negative impact on human health.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for nearly 60% of the total population, while spending on cosmetics has increased by 50% from 2000 to 2016. China accounted for a share of more than 30% in terms of consumption as well as production owing to easy availability of raw materials such as sandalwood, patchouli oil and musk deer urine. India accounted for a share of more than 10% in terms of consumption due to rising middle-class population that prefers luxury products with an affordable price tag.
North America emerged as one among the top three consumers globally with U.S.
Growth Factors:
- Increasing demand for natural and organic products: The functional fragrances market is driven by the increasing demand for natural and organic products. Consumers are becoming more aware of the harmful effects of synthetic chemicals in personal care products and are looking for safer alternatives. This has led to a surge in the popularity of functional fragrances, which are made with all-natural ingredients.
- Rising awareness about the benefits of aromatherapy: Aromatherapy is a form of alternative medicine that uses essential oils extracted from plants to treat various health conditions. It is believed that aromatherapy can improve mood, relieve stress, boost energy levels, and promote relaxation. This has led to an increase in the use of functional fragrances as aromatherapy supplements.
- Growing popularity of DIY beauty treatments: More people are now taking an interest in DIY beauty treatments and using natural ingredients to make their own skin care products at home. Functional fragrances offer a wide range of benefits such as anti-aging properties, sun protection, acne control etc., which makes them ideal for use in homemade skin care recipes .
Scope Of The Report
Report Attributes
Report Details
Report Title
Functional Fragrances Market Research Report
By Type
Natural Fragrances, Artificial Fragrances
By Application
Food and Beverages, Daily Chemicals, Tobacco Industry
By Companies
Givaudan, Firmenich, International Flavors & Fragrances, Inc. (IFF), Symrise, Takasago, WILD Flavors, Mane, Sensient, Robertet SA, T. Hasegawa, Kerry, McCormick, Synergy Flavor, Prova, Huabao, Yingyang, Zhonghua, Shanghai Apple, Wanxiang International, Boton
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Functional Fragrances Market Report Segments:
The global Functional Fragrances market is segmented on the basis of:
Types
Natural Fragrances, Artificial Fragrances
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverages, Daily Chemicals, Tobacco Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Givaudan
- Firmenich
- International Flavors & Fragrances, Inc. (IFF)
- Symrise
- Takasago
- WILD Flavors
- Mane
- Sensient
- Robertet SA
- T. Hasegawa
- Kerry
- McCormick
- Synergy Flavor
- Prova
- Huabao
- Yingyang
- Zhonghua
- Shanghai Apple
- Wanxiang International
- Boton
Highlights of The Functional Fragrances Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Natural Fragrances
- Artificial Fragrances
- By Application:
- Food and Beverages
- Daily Chemicals
- Tobacco Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Functional Fragrances Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Functional fragrances are those that are designed to provide a scent that is not only pleasant, but also has specific benefits. These scents can be used in products like body wash, shampoo, and conditioner to help improve the overall smell and performance of the product.
Some of the major players in the functional fragrances market are Givaudan, Firmenich, International Flavors & Fragrances, Inc. (IFF), Symrise, Takasago, WILD Flavors, Mane, Sensient, Robertet SA, T. Hasegawa, Kerry, McCormick, Synergy Flavor, Prova, Huabao, Yingyang, Zhonghua, Shanghai Apple, Wanxiang International, Boton.
The functional fragrances market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Functional Fragrances Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Functional Fragrances Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Functional Fragrances Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Functional Fragrances Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Functional Fragrances Market Size & Forecast, 2018-2028
4.5.1 Functional Fragrances Market Size and Y-o-Y Growth
4.5.2 Functional Fragrances Market Absolute $ Opportunity
Chapter 5 Global Functional Fragrances Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Functional Fragrances Market Size Forecast by Type
5.2.1 Natural Fragrances
5.2.2 Artificial Fragrances
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Functional Fragrances Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Functional Fragrances Market Size Forecast by Applications
6.2.1 Food and Beverages
6.2.2 Daily Chemicals
6.2.3 Tobacco Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Functional Fragrances Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Functional Fragrances Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Functional Fragrances Analysis and Forecast
9.1 Introduction
9.2 North America Functional Fragrances Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Functional Fragrances Market Size Forecast by Type
9.6.1 Natural Fragrances
9.6.2 Artificial Fragrances
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Functional Fragrances Market Size Forecast by Applications
9.10.1 Food and Beverages
9.10.2 Daily Chemicals
9.10.3 Tobacco Industry
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Functional Fragrances Analysis and Forecast
10.1 Introduction
10.2 Europe Functional Fragrances Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Functional Fragrances Market Size Forecast by Type
10.6.1 Natural Fragrances
10.6.2 Artificial Fragrances
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Functional Fragrances Market Size Forecast by Applications
10.10.1 Food and Beverages
10.10.2 Daily Chemicals
10.10.3 Tobacco Industry
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Functional Fragrances Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Functional Fragrances Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Functional Fragrances Market Size Forecast by Type
11.6.1 Natural Fragrances
11.6.2 Artificial Fragrances
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Functional Fragrances Market Size Forecast by Applications
11.10.1 Food and Beverages
11.10.2 Daily Chemicals
11.10.3 Tobacco Industry
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Functional Fragrances Analysis and Forecast
12.1 Introduction
12.2 Latin America Functional Fragrances Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Functional Fragrances Market Size Forecast by Type
12.6.1 Natural Fragrances
12.6.2 Artificial Fragrances
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Functional Fragrances Market Size Forecast by Applications
12.10.1 Food and Beverages
12.10.2 Daily Chemicals
12.10.3 Tobacco Industry
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Functional Fragrances Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Functional Fragrances Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Functional Fragrances Market Size Forecast by Type
13.6.1 Natural Fragrances
13.6.2 Artificial Fragrances
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Functional Fragrances Market Size Forecast by Applications
13.10.1 Food and Beverages
13.10.2 Daily Chemicals
13.10.3 Tobacco Industry
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Functional Fragrances Market: Competitive Dashboard
14.2 Global Functional Fragrances Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Givaudan
14.3.2 Firmenich
14.3.3 International Flavors & Fragrances, Inc. (IFF)
14.3.4 Symrise
14.3.5 Takasago
14.3.6 WILD Flavors
14.3.7 Mane
14.3.8 Sensient
14.3.9 Robertet SA
14.3.10 T. Hasegawa
14.3.11 Kerry
14.3.12 McCormick
14.3.13 Synergy Flavor
14.3.14 Prova
14.3.15 Huabao
14.3.16 Yingyang
14.3.17 Zhonghua
14.3.18 Shanghai Apple
14.3.19 Wanxiang International
14.3.20 Boton
