Global Perfume and Essence Industry Research Report, Growth Trends and Competitive Analysis 2021-2027

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.

In 2020, the global Perfume and Essence market size was US$ 30190 million and is forecast to 40000 million US in 2027, growing at a CAGR of 4.8% during the 2021-2027. In this study, 2020 has been considered as the base year and 2021 to 2027 as the forecast period to estimate the market size for Perfume and Essence.
The market research report offered here is a very useful resource that can help manufacturers, stakeholders, decision-makers, and other market participants to become familiar with every factor impacting the growth of the global Perfume and Essence market. The analysts authoring the report have closely studied key strategies adopted by top players of the global Perfume and Essence market. The report includes SWOT, and other market analyses to provide a clear and deep understanding of important aspects of the global Perfume and Essence market. Readers of the report can become informed about current and future trends of the global Perfume and Essence market and how they will impact market growth during the forecast period.

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE

Segment by Type
Perfume
Essence

Segment by Application
Food & Drinks
Daily Chemicals
Tobaccos
Others

By Company
Givaudan
Firmenich
IFF
Symrise
WILD Flavors
Mane
Takasago
Sensient
Robert
T.Hasegawa
Huabao International
Boton Group
Apple
NHU
Baihua Flavours and Fragrances