Summary
As the world continues to deal with COVID-19, economies are moving into recession, under multiple adverse factors, the GDP of European and American countries in the second quarter suffered a historical contraction. At an annualized rate, the US GDP fell by 32.9% month on month, while the overall GDP of the euro zone fell by 12.1%.
Moreover, the economic prospects of Europe and the United States in the third quarter under the epidemic situation are hardly optimistic. The resumption of work and production not only brought economic data back, but also triggered a rebound in the epidemic situation. At present, the United States is still the 'epicenter' of the global epidemic. The total number of confirmed cases has exceeded 4.8 million, and the epidemic situation in some European countries has also rebounded. Affected by this, more than 20 states in the United States have announced the suspension or withdrawal of part of the economic restart plan. Britain and Italy have also decided to extend the state of emergency. The rebound of the epidemic situation has posed considerable risks to the economic prospects of Europe and the United States.
In the second quarter of this year, US GDP shrank by 9.5% on a month on month basis, or 32.9% at an annual rate, the largest decline since the 1940s. Data show that the sharp decline in personal consumption is the main drag on the U.S. GDP growth in the second quarter.
Compared with the United States, Europe's economic contraction in the second quarter was smaller, but it was also the lowest on record, with Germany and France contracting more than 10%. According to the data released by the Federal Bureau of statistics, Germany's GDP fell by 10.1% in the second quarter after adjusting for prices, seasons and working days, the largest decline since the quarterly economic data were available in 1970.
Thanks to the effective control and policy support of the new epidemic, China's economy rebounded sharply in the second quarter. The growth rate of manufacturing industry, which accounted for about 28% of GDP, rebounded sharply to 4.4% from the negative value in the first quarter. Chinese original equipment manufacturers (OEMs) and suppliers are ramping up production. And there are increased investments in digital footprints in manufacturing. OEMs in other parts of the world are offering incentives to drive sales. XYZResearch published a report for global Fragrances market in this environment.
In terms of revenue, this research report indicated that the global Fragrances market was valued at USD XXX million in 2019, and it is expected to reach a value of USD XXX million by 2026, at a CAGR of XX % over the forecast period 2021-2026. Correspondingly, the forecast analysis of Fragrances industry comprises of China, USA, Japan, India, Korea and South America, with the production and revenue data in each of the sub-segments.
The Givaudan aims at producing XX Fragrances in 2020, with XX % production to take place in global market, Firmenich accounts for a volume share of XX %.
Regional Segmentation (Value; Revenue, USD Million, 2015 - 2026) of Fragrances Market by XYZResearch Include
China
EU
USA
Japan
India
Southeast Asia
South America
Competitive Analysis; Who are the Major Players in Fragrances Market?
Givaudan
Firmenich
IFF
Symrise
Takasago
WILD Flavors
Mane
Frutarom
Sensient
Robertet SA
T. Hasegawa
Kerry
McCormick
Synergy Flavor
Prova
Huabao
Yingyang
Zhonghua
Shanghai Apple
Wanxiang International
Boton
...
Major Type of Fragrances Covered in XYZResearch report:
Flavor
Fragrance
Application Segments Covered in XYZResearch Market
Food and Beverages
Daily Chemicals
Tobacco Industry
For any other requirements, please feel free to contact us and we will provide you customized report.
Table of Contents
Global Fragrances Market Analysis 2020, With Top Companies, Production, Revenue, Consumption, Price and Growth Rate
1 Market Scope
1.1 Product Details and Introduction
1.1.1 Flavor -Product Introduction and Major Manufacturers
1.1.2 Fragrance -Product Introduction and Major Manufacturers
1.2 Market Snapshot
1.2.1 Major Companies Overview
1.2.2 Market Concentration
1.2.3 Six-Year Compound Annual Growth Rate (CAGR)
2 Global Fragrances Market Assessment, by Segmentation
2.1 Type Breakdown Estimates & Forecast, Sales Volume (2015-2026)
2.2 Type Breakdown Estimates & Forecast, Sales Value (2015-2026)
2.3 Application Breakdown Estimates & Forecast, by Application (2015-2026)
3 Regional Market Analysis
3.1 China Fragrances Market
3.1.1 Top Companies leading Fragrances Development in China (2015-2020)
3.1.2 Sales Value of Major Company in China Market (2015-2020)
3.1.3 China Fragrances Price (USD/Unit), by Type (2019-2020)
3.1.4 Sales in China Market, by Type (2015-2026)
3.2 EU Fragrances Market
3.2.1 Top Companies leading Fragrances Development in EU (2015-2020)
3.2.2 Sales Value of Major Company in EU Market (2015-2020)
3.2.3 EU Fragrances Price (USD/Unit), by Type (2019-2020)
3.2.4 Sales in EU Market, by Type (2015-2026)
3.3 USA Fragrances Market
3.3.1 Top Companies leading Fragrances Development in USA (2015-2020)
3.3.2 Sales Value of Major Company in USA Market (2015-2020)
3.3.3 USA Fragrances Price (USD/Unit), by Type (2019-2020)
3.3.4 Sales in USA Market, by Type (2015-2026)
3.4 Japan Fragrances Market
3.4.1 Top Companies leading Fragrances Development in Japan (2015-2020)
3.4.2 Sales Value of Major Company in Japan Market (2015-2020)
3.4.3 Japan Fragrances Price (USD/Unit), by Type (2019-2020)
3.4.4 Sales in Japan Market, by Type (2015-2026)
3.5 India Fragrances Market
3.5.1 Top Companies leading Fragrances Development in India (2015-2020)
3.5.2 Sales Value of Major Company in India Market (2015-2020)
3.5.3 India Fragrances Price (USD/Unit), by Type (2019-2020)
3.5.4 Sales in India Market, by Type (2015-2026)
3.6 Southeast Asia Fragrances Market
3.6.1 Top Companies leading Fragrances Development in Southeast Asia (2015-2020)
3.6.2 Sales Value of Major Company in Southeast Asia Market (2015-2020)
3.6.3 Southeast Asia Fragrances Price (USD/Unit), by Type (2019-2020)
3.6.4 Sales in Southeast Asia Market, by Type (2015-2026)
3.7 South America Fragrances Market
3.7.1 Top Companies leading Fragrances Development in South America (2015-2020)
3.7.2 Sales Value of Major Company in South America Market (2015-2020)
3.7.3 South America Fragrances Price (USD/Unit), by Type (2019-2020)
3.7.4 Sales in South America Market, by Type (2015-2026)
4 Value Chain (Impact of COVID-19)
4.1 Fragrances Value Chain Analysis
4.1.1 Upstream
4.1.2 Downstream
4.2 COVID-19 Impact on Fragrances Industry
4.2.1 Industrial Policy Issued Under the Epidemic Situation
4.3 Cost-Under the Epidemic Situation
4.3.1 Cost of Raw Material
4.4 Channel Analysis
4.4.1 Distribution Channel-Under the Epidemic Situation
4.4.2 Distributors
5 Regional Market Forecast (2021-2026)
5.1 Global Fragrances Sales and Growth Rate (2021-2026)
5.2 Global Fragrances Sales Value and Growth Rate (2021-2026)
6 Fragrances Competitive Analysis
6.1 Givaudan
6.1.1 Givaudan Company Profiles
6.1.2 Givaudan Product Introduction
6.1.3 Givaudan Fragrances Production, Revenue (2015-2020)
6.1.4 SWOT Analysis
6.2 Firmenich
6.2.1 Firmenich Company Profiles
6.2.2 Firmenich Product Introduction
6.2.3 Firmenich Fragrances Production, Revenue (2015-2020)
6.2.4 SWOT Analysis
6.3 IFF
6.3.1 IFF Company Profiles
6.3.2 IFF Product Introduction
6.3.3 IFF Fragrances Production, Revenue (2015-2020)
6.3.4 SWOT Analysis
6.4 Symrise
6.4.1 Symrise Company Profiles
6.4.2 Symrise Product Introduction
6.4.3 Symrise Fragrances Production, Revenue (2015-2020)
6.4.4 SWOT Analysis
6.5 Takasago
6.5.1 Takasago Company Profiles
6.5.2 Takasago Product Introduction
6.5.3 Takasago Fragrances Production, Revenue (2015-2020)
6.5.4 SWOT Analysis
6.6 WILD Flavors
6.6.1 WILD Flavors Company Profiles
6.6.2 WILD Flavors Product Introduction
6.6.3 WILD Flavors Fragrances Production, Revenue (2015-2020)
6.6.4 SWOT Analysis
6.7 Mane
6.7.1 Mane Company Profiles
6.7.2 Mane Product Introduction
6.7.3 Mane Fragrances Production, Revenue (2015-2020)
6.7.4 SWOT Analysis
6.8 Frutarom
6.8.1 Frutarom Company Profiles
6.8.2 Frutarom Product Introduction
6.8.3 Frutarom Fragrances Production, Revenue (2015-2020)
6.8.4 SWOT Analysis
6.9 Sensient
6.9.1 Sensient Company Profiles
6.9.2 Sensient Product Introduction
6.9.3 Sensient Fragrances Production, Revenue (2015-2020)
6.9.4 SWOT Analysis
6.10 Robertet SA
6.10.1 Robertet SA Company Profiles
6.10.2 Robertet SA Product Introduction
6.10.3 Robertet SA Fragrances Production, Revenue (2015-2020)
6.10.4 SWOT Analysis
6.11 T. Hasegawa
6.12 Kerry
6.13 McCormick
6.14 Synergy Flavor
6.15 Prova
6.16 Huabao
6.17 Yingyang
6.18 Zhonghua
6.19 Shanghai Apple
6.20 Wanxiang International
6.21 Boton
7 Conclusion
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