Global Fine Fragrances Market Size & Outlook, 2022-2030
Global fine fragrances market, 2018-2030 (US$B)
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Global fine fragrances market highlights
- The global fine fragrances market generated a revenue of USD 43.3 billion in 2022 and is expected to reach USD 71.2 billion by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 6.4% by 2030.
- In terms of segment, conventional accounted for a revenue of USD 32.9 billion in 2022.
- Organic is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 43.3 billion |
| Market revenue in 2030 | USD 71.2 billion |
| Growth rate | 6.4% (CAGR from 2022 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Organic |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Conventional, Organic |
Other key industry trends
- In terms of revenue, the North America accounted for 21.0% of the global fine fragrances market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Spain is the fastest growing regional market and is projected to reach USD 0.9 billion by 2030.
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Fine Fragrances Market Scope
Fine Fragrances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global fine fragrances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to fine fragrances market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 75.98% in 2022. Horizon Databook has segmented the Global fine fragrances market based on conventional, organic covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Fine Fragrances Product Outlook (Revenue, USD Billion, 2018-2030)
- Conventional
- Organic
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Horizon Databook provides a detailed overview of global-level data and insights on the Global fine fragrances market , including forecasts for subscribers. This global databook contains high-level insights into Global fine fragrances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global fine fragrances market size, by regions, 2018-2030 (US$B)
Top 10 countries: Fine fragrances market size, 2022 (US$B)
Global fine fragrances market share, by product, 2022 & 2030 (%, US$B)
Fine fragrances market: Opportunity assessment by country
Global fine fragrances market, by region, 2022 (US$B)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 7.9 | 8.4 | 7.8 | 8.5 | 9.1 | 9.7 | 10.4 | 11.1 | 11.8 | 12.6 | 13.5 | 14.4 | 15.4 | 6.8% |
| Europe | 9.4 | 9.8 | 8.9 | 9.6 | 10.0 | 10.5 | 11.0 | 11.5 | 12.0 | 12.6 | 13.2 | 13.8 | 14.5 | 4.7% |
| Asia Pacific | 14.5 | 15.5 | 14.4 | 15.9 | 17.1 | 18.3 | 19.6 | 21.0 | 22.5 | 24.2 | 26.0 | 27.9 | 29.9 | 7.3% |
| Latin America | 2.2 | 2.3 | 2.0 | 2.2 | 2.3 | 2.4 | 2.5 | 2.6 | 2.7 | 2.8 | 2.9 | 3.1 | 3.2 | 4.3% |
| MEA | 4.1 | 4.4 | 4.0 | 4.5 | 4.8 | 5.1 | 5.4 | 5.8 | 6.2 | 6.6 | 7.1 | 7.6 | 8.2 | 7.0% |
| Overall | 38.0 | 40.3 | 37.1 | 40.7 | 43.3 | 46.0 | 48.9 | 52.0 | 55.3 | 58.8 | 62.6 | 66.8 | 71.2 | 6.4% |
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