Global Functional Fragrances Market Analysis by Product Type, by Application and by Distribution Channel With COVID-19 impact & Forecast 2017-2030

Functional Fragrances Market Landscape

Fine fragrance is quite an important part of the business, but functional fragrance represents a sizeable chunk of the fragrance industry’s profits and some of its toughest challenges. Fragrance manufacturers not only have to produce a winning fragrance, but they also have to ensure that it is compatible with the client’s base product. According to research conducted by Brain & Behavior Laboratory at the University of Geneva, 93% of the users recommend functional fragrances as an anti-stress aid and around 96% of the customers felt instantly calmer after using it, while 89% of the users felt calmer, composed and less stressed within 30 minutes of its usage. Global Functional Fragrances Market is growing at the CAGR of 6.54% and tends to steadily grow during the forecast period, 2017-2030.

Functional Fragrances: The Next Big Wellness Trend

Fragrance has begun to conquer the worlds of wellness and self-care, tapping the growing popularity of essential oils and aromatherapy to create fragrances with a function: cleanly formulated products that incorporate the benefits of aromatherapy, while still smelling as complex and beautiful as the scents we've been using for years. For instance,

• Wellness and supplement brand “The Nue Co.,” launched its very first fragrance: a clean, natural blend of oils aimed to help manage stress in the form of a woody, smoky unisex scent.
• Natural beauty brand Osea also launched a functional fragrance last month: Vagus Nerve Oil, a body oil meant to stimulate the vagus nerve, the body's longest cranial nerve that's responsible for regulating stress, rest, and digestion.
• Moodify, active scents manufacturer are into developing innovative olfactory systems that harness the power of implicit and explicit olfactory sense for improved performance, safety and well-being. According to Moodify, emotional conditions including stress, anxiety, anger, boredom, and frustration affect driving experience and safety.

Functional Fragrances Market Segmentation

• On The Basis of Product Type
• On The Basis of Application
• On The Basis of Distribution Channel

Regional Market Analysis

• North America (US, Canada) Functional Fragrances Market
• Europe (Germany, UK, Russia, Italy, Spain, France, BENELUX and Rest of Europe) Functional Fragrances Market
• Asia Pacific (China, Japan, Australia, New Zealand, India and Rest of APAC) Functional Fragrances Market
• Latin America (Brazil, Mexico and Rest of Latin America) Functional Fragrances Market
• Middle East & Africa (GCC Countries, South Africa, Nigeria, Rest of MEA) Functional Fragrances Market

The growth pace of functional fragrances market will be at peak in developed regions like North America and Western Europe. However, North America is expected to dominate this market with the market share of 34.21%, followed by APAC in the forecast period owing to the fact that “Aromatherapy is a supportive process to re-wire negative patterns by gently clearing old emotions and mental associations and creating new positive affirmations and experience.” Middle East and Africa, on the other hand seems to be the potential market due to the adoption of aromatherapy in the region.

Report Scope

The market research report titled “Global Functional Fragrances Market” by Goldstein Market Intelligence is the comprehensive review of market drivers, trends, opportunities, issues and restraints in addition to this, report analyses the worldwide markets for functional fragrances in USD Million. The report provides separate comprehensive analytics for the North America Functional Fragrances Market, Europe Functional Fragrances Market, APAC Functional Fragrances Market, Latin America Functional Fragrances Market, Middle East & Africa Functional Fragrances Market. The regional analysis provides insights about the target and potential markets for Functional Fragrances across the globe.

COVID-19 impact on "Global Functional Fragrances Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "Global Functional Fragrances Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

The market study includes annual estimates and forecast data on the basis of historical market analysis (2016-2017), current market analysis (2020) & forecast analysis (2017-2030) are derived from primary and secondary research. The research reports cover the Trade Data (Export & Import), By value & volume, Sales (in USD), Investment Flow Analysis, Pipeline Products Insights, Competitive Analysis of Players which includes mergers & acquisition activities, financial analysis, Start-ups associated, global presence, patents, product portfolio, brand recognition & market competition.

Following questions answer can be derived from this report:

• What are the major market drivers, challenges, trends and opportunities in the global functional fragrances market?
• How will each segment of the global functional fragrances market grow during the forecast period, and what will be the revenue generated by each of the segments by the end of 2025?
• What are the influencing factors that may affect the market share of the leading players?
• How will the functional fragrances market evolve during the forecast period 2017- 2030?
• What are the key developments and strategies that are implemented by the key players to sustain in this market?
• What are the key application areas of the global functional fragrances market? How are functional fragrances employed in different areas of application?
• Who are the key players in the global functional fragrances market, and what are their contributions?
• What is the scope of expansion by the key players of the global functional fragrances market in Asia, Latin America, and the Middle East & Africa?

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Market Study Pattern