The ‘Global Natural Fragrance Market Size, Share, Price, Trends, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global natural fragrance market, assessing the market on the basis of its segments like type, application, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Natural Fragrance Market Price, Share, Size, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
The global natural fragrance market is expected to register growth during the forecast period on account of the surging spending capacity in metropolitan cities along with the growing trend of personal grooming. The rising health consciousness among consumers is also expected to fuel the market demand for natural fragrances due to their health benefits.
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Using natural essential oils instead of synthetic materials to produce a fragrance can give energy-enhancing, calming, mood-lifting, and relaxing effects, among others. This is further expected to positively influence consumer demand for natural fragrances across the globe. With the evolving food and beverage industry, the market demand for natural fragrances is expected to increase over the coming years. This is because natural fragrances help in enhancing the shelf life along with increasing the quality of food.
The increasing investments by manufacturers to develop natural fragrances for use in the perfume industry is likely to support market growth over the coming years. The demand for natural fragrances is also increasing among manufacturers producing beauty products. The surging applications of natural fragrances in personal care products, candles, soaps, and detergents are expected to generate lucrative opportunities for the natural fragrance market over the upcoming years.
Natural Fragrance Industry Definition and Major Segments
A natural fragrance refers to the scents obtained by natural materials such as flowers or fruits, without chemical additions. Natural fragrances include naturally derived floral extracts, essential oils, as well as plant-based aroma-producing materials. They have a major objective of giving products a pleasing aroma and accomplishes this without using toxic or synthetic scent agents.
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Based on type, the market is segmented into:
• Flowers
• Fruits
• Musk
• Wood
• Spice
• Others
By application, the market is classified into:
• Soap and Detergents
• Cosmetics and Toiletries
• Fine Fragrances
• Household Cleaners and Air Fresheners
• Others
Based on region, the market is divided into:
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East and Africa
Natural Fragrance Market Trends
An upsurge in the usage of natural fragrances in personal care and cosmetics, household care, and fine fragrances is likely to boost the demand for the natural fragrance market over the coming years. With the availability of raw materials, surging demand, and utilisation by consumers as well as the increasing number of manufacturers, the market growth of natural fragrances is expected to enhance.
Geographically, the European region is anticipated to drive the natural fragrance market growth on account of the strong presence of key market players like Givaudan SA and Firmenich SA, among others. France is holding a considerable share in the market growth of natural fragrances as it is considered the global perfume capital.
Meanwhile, the North American region is expected to gain momentum over the forecast period due to the increasing demand for premium natural fragrances. The increasing disposable income along with the growing production of premium natural fragrances by manufacturers are expected to push forward the market demand for natural fragrances over the coming years in the region.
Key Market Players
The major players in the global natural fragrance market report are:
- Givaudan SA
- Firmenich SA
- International Flavors & Fragrances, Inc.
- Symrise AG
- Wild Flavors, Inc.
- Takasago International Corp
- Mane SAamong
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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