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"Clean" labels and ingredients spur CAGR rate of 5.1%.
January 12, 2025
By: Lianna Albrizio
Associate Editor
The future smells lucrative for the fine fragrance ingredients market. Per a new report from Markets and Markets, the fragrance ingredients market is projected to reach nearly $22 billion by 2029 up about five billion from its current value of $17.1 billion. Analysts say rising interest in “clean labels and ingredients” is spurring its CAGR growth of 5.1%. Currently, more fragrance brands are focusing on transparency with the decline in the use of synthetic additives, and a gr...
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