Overview

IBISWorld’s Fragrance and Essence Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Fragrance and Essence Manufacturing industry has experienced rapid growth in the past five years, mainly driven by expanding domestic demand from downstream food, beverage and tobacco manufacturers. Increased levels of processed food production, household demand and urbanization have shaped the larger domestic market. The large potential market, cheap labor and rich aromatic plant resources have encouraged international firms to enlarge their presence in China and have helped establish China as a major fragrance and essence manufacturing center. Revenue for the industry is expected to total $11.9 billion in 2016, up 4.1% from 2015. Industry revenue has been increasing at annualized rate of 7.5% in the five years through 2016...

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Industry Report - Industry SWOT Analysis Chapter

Industry value-added is expected to increase at an annualized rate of 5.1% in the ten years through 2021, slower than China's annualized GDP growth of 6.5% over the period.

Domestic demand for processed food, beverages, cosmetics and other personal care and household products is growing rapidly as disposable incomes increase. Growth of these downstream industries will assist the development of the Fragrance and Essence Manufacturing in China.

Companies are developing new products to appeal to downstream industries and consumer needs. Some companies are also developing new products to shift from low-end to medium and high-end products. Product development and innovation will become increasingly important as the basis of competition in this industry. New..

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Additional Insights for the Fragrance and Essence Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Fragrance and Essence Manufacturing Industry are

  • Economies of scale
  • Guaranteed supply of key inputs
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Secondary Industry Markets - Manufactures - Food - Food and Beverages and Health Policy - Food Regulations in the Fragrance and Essence Manufacturing industry impact industry performance..

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    Industry Products

    What is the Fragrance and Essence Manufacturing Industry?

    Products of the Fragrance and Essence Manufacturing industry include natural and synthetic spices and essences, which are further segmented into flavors (i.e. essences added to food, beverages, pharmaceuticals, animal feed, tobacco and other products) and fragrances (i.e. essences added to soaps, detergents, cosmetics, toiletries, perfumes, household cleaning products, candles, insecticides and aromatherapy products).

    Industry Products
    Essential oils
    Flavor blends and compounds
    Fragrance blends and compounds
    Spice oleo resins
    Concretes and absolutes
    Synthetic aroma chemicals
    Industry Activities
    Essential oil
    Concrete and absolute
    Spice oleoresin
    Synthetic aroma chemical
    Flavor blend and compound
    Fragrance blend and compound

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Secondary Industry Markets - Manufactures - Food - Food and Beverages
  • Health Policy - Food Regulations
  • Domestic Goods Prices - Energy Minerals - Crude Oil
  • Domestic Goods Prices - Food and Beverages - Miscellaneous Processed Foods
  • Level of Environmental Protection Legislation

  • Current Performance
  • Establishments and employment
  • International trade
  • Downstream market of Tobacco Manufacturing
  • Chart: Revenue Growth

  • Industry Outlook
  • International trade
  • Product trends
  • Table: Fragrance and Essence Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Fragrance and Essence Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Animal Food Manufacturing
  • Biscuit Production
  • Chocolate & Candy Production
  • Cigarette Manufacturing
  • Soap, Washing Powder and Synthetic Detergent Manufacturing
  • Cosmetic & Personal Care Product Manufacturing
  • Toothpaste and Toothbrush Manufacturing

  • Key Selling Industries
  • Organic Chemical Material Manufacturing

  • Products & Services
  • Essential oils
  • Flavor blends and compounds
  • Fragrance blends and compounds
  • Spice oleo resins
  • Concretes and absolutes
  • Synthetic aroma chemicals
  • Chart: Fragrance and Essence Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Disposable incomes
  • Government health programs
  • Changes in eating habits
  • Fashion and health trends

  • Major Markets
  • Tobacco manufacturers
  • Food and beverage manufacturers
  • Household and personal care chemicals manufacturers
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Fragrance and Essence Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases and depreciation
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Fragrance and Essence Manufacturing

  • Basis of Competition
  • Access to raw materials
  • Inventory management
  • Technology
  • Regulations
  • Price
  • Branding
  • Relationships with downstream industry customers
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Fragrance and Essence Manufacturing Industry

  • Industry Globalization
    Major Companies
    Huabao International Holdings LimitedJiaxing Zhonghua Chemical Co., Ltd.Firmenich Aromatics (China) Co., Ltd.International Flavors & Fragrances (China) Co., Ltd.Symrise (Shanghai) Co., Ltd.
  • Table: Huabao International Holdings Limited - financial performance
  • Table: Jiaxing Zhonghua Chemical Co., Ltd. - financial performance
  • Table: Firmenich Aromatics (China) Co., Ltd. - financial performance
  • Table: International Flavors & Fragrances (China) Co., Ltd. - financial performance
  • Table: Symrise (Shanghai) Co., Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Fragrance and Essence Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Fragrance and Essence Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Total Assets (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Essences
  • Complex aroma compositions containing blends of natural or synthetic spices with other supplementary materials, enabling desirable flavors or fragrances to be added to a wide range of products.
  • Flavors
  • Essences added to food, beverages, pharmaceuticals, animal feed, and tobacco to enhance taste and smell.
  • Fragrances
  • Essences added to soaps and detergents, cosmetics and toiletries, fine fragrances, household cleaning products, candles, insecticides and aromatherapy.
  • Vertical Integration
  • Owning different parts of the supply chain, either in the form of forward integration (owning upstream suppliers) or backward integration (owning downstream buyers).
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Fragrance and Essence Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Fragrance and Essence Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Fragrance and Essence Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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