What is Natural Fragrance Industry?
The Natural Fragrance Industry refers to the production and sale of fragrances made using natural ingredients derived from plants, flowers, and other natural sources, rather than synthetic chemicals. This industry includes companies that create, manufacture, and distribute natural fragrances for use in personal care products, home cleaning products, and other applications. The industry has grown in response to increasing demand for eco-friendly and sustainable products, and natural fragrances are often marketed as safer and healthier alternatives to synthetic fragrances. The natural fragrance market size is projected to reach USD 4.3 million by 2024 from USD 2.7 million in 2019, at a CAGR of 9.6%.
What are the key industry trends of the global natural fragrance market?
Natural Fragrance Market Trends & Drivers
The natural fragrance market is growing due to increasing consumer preference for clean and sustainable products, as well as the rising demand for natural and organic personal care products. Other drivers include the growing popularity of aromatherapy, the shift towards plant-based ingredients, and the development of innovative and eco-friendly extraction methods. Additionally, the increasing focus on health and wellness, coupled with a growing awareness of the potential health risks associated with synthetic fragrances, is driving demand for natural alternatives.
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Natural Fragrance Market Key Players
- Givaudan SA (Switzerland)
- Firmenich SA (Switzerland)
- International Flavors & Fragrances (US)
- Symrise AG (Germany)
- Takasago International Corporation (Japan)
- Mane SA (France)
- Robertet SA (France)
- Sensient Technologies Corporation (US)
- T. Hasegawa Co., Ltd. (Japan)
- Bell Flavors & Fragrances (US)
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Natural Fragrance Industry Definition and Major Segments
The natural fragrance industry involves the use of plant-based ingredients and natural extracts to create scents for personal care, household, and other products. The major segments of the natural fragrance industry include:
Based on the ingredients
- Essential Oils
- Natural Extracts
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Essential Oils are the largest segment of the natural fragrance market.
The natural fragrance market’s essential oils segment is experiencing significant growth due to increasing consumer demand for natural and organic personal care products. Essential oils are highly concentrated plant extracts that are used in perfumes, aromatherapy, and other personal care products due to their pleasant fragrance and therapeutic properties.
On the basis of application
- Fine Fragrances
- Personal Care & Cosmetics
- Household Care
Fine fragrances application is estimated to be the largest segment of the natural fragrance market during the forecast period.
The natural fragrance market for fine fragrances application involves the use of plant-based and natural ingredients to create high-end perfumes and colognes. This market has been growing in response to consumer demand for eco-friendly, sustainable, and healthier products. Natural fragrance ingredients such as essential oils, absolutes, and resins are used to create complex and unique scents that are free from synthetic chemicals and are considered safer for sensitive skin. The market includes both established luxury brands as well as smaller niche brands that specialize in natural fragrance products.
Based on the region
- Europe
- North America
- APAC
- South America
- Middle East & Arica
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Europe is estimated to be the largest market for natural fragrances during the forecast period.
Europe is the largest natural fragrances market and is expected to continue dominating the global market during the forecast period. Increased investments in the manufacturing industries primarily drive the market. Improving living standard has been driving the growth of the personal care & cosmetic industry, which is expected to drive the natural fragrances market.
Table of Contents:
- Executive Summary
- Scope/opportunities of the Natural Fragrance Market Report
- Research Methodology
- Natural Fragrance Market Landscape
- SWOT Analysis
- Market Sizing
- Natural Fragrance Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Natural Fragrance Key Trends
- Players Landscape
- Players Analysis
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