Natural Fragrance Ingredients Market: Global Industry Analysis and Forecast (2023-2029)

Global Natural Fragrance Ingredients Market size was valued at US$ 17.10 Bn. in 2022. Natural Fragrance Ingredients will encourage a great deal of transformation in Perfumes, Soaps and Toiletries.
Natural Fragrance Ingredients Market Overview:
The Natural fragrances are perfumes made from natural and organic sources from the environment. The human body uses the aromatic molecules contained in these natural fragrances either by the senses of the sense of smell or by absorption through the skin. These fragrances are in strong consumer demand due to the increased awareness of the use of natural and synthetic fragrances and the low toxicity of these compounds. Essential oils and extracts are the main sources used to give substrates and perfumes a natural scent. Many natural fragrances are rarely found, so they are more valuable than synthetic fragrances.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
Natural fragrance ingredients are derived from natural resources such as fruits, flowers, grasses, and spices and are widely used in hair oils, essential oils, perfumes, deodorants, soaps, and detergents. Demand for natural fragrances is increasing due to growing awareness of the adverse effects of synthetic chemicals such as butylated hydroxyanisole (BHA), acetaldehyde, benzophenone, butylated benzyl salicylate, and hydroxytoluene (BHT). These factors are driving the demand for product in the market

Natural fragrances are also associated with various medicinal properties. Flowers such as jasmine, rose, lavender, moonflower, chamomile, rosemary, and lilies commonly used in essential oils are associated with various medicinal properties such as anti-inflammatory, preservatives, skin condition, and insomnia. These factors are driving the demand for natural fragrance ingredients in the market.

The use of natural fragrances as fragrances eliminates the risk of respiratory illness because it is non-toxic. Natural fragrances in laundry detergents also help reduce skin irritation. These are major contributors to the increasing demand for natural fragrances rather than synthetic fragrances.

The demand for natural fragrances is frequently increasing, primarily based on the health benefits and long-lasting fragrances that natural fragrances offer over synthetic fragrances. There is also strong demand and healthy acceptance in the range of premium perfumes among rare natural fragrances such as earth and musk extracted fragrances. These benefits are driving the demand and growth in the market.

The growing demand for environmentally friendly, natural, and bespoke perfumes and higher living standards are some of the key factors, and increasing the use of beauty products to improve the appearance is expected to drive market growth.

Premium perfume brands that use natural perfumes need to certify their products by relevant authorities to verify the authenticity of the natural ingredients used. This allows customers to trust premium brands and increase acceptance of natural fragrances. These are driving the surge in demand for the product in the market.

Product innovation, increased product advertising on various social media platforms, and increased demand for air fresheners such as aerosol sprays, room fresheners, and car air fresheners. Governments in various countries are promoting R & D initiatives to use environmentally friendly and safe products. These are driving the market growth of natural fragrance ingredients.

The presence of counterfeit synthetic fragrances and synthetic fragrances are easier to manufacture and much cheaper than natural fragrances. Rising manufacturing costs and the chemicals contained in perfumes can cause certain side effects such as skin problems and allergies. These factors are restraining the growth of the market.
Natural Fragrance Ingredients Market Segment Analysis:
By Product, the Flower segment dominated the market with a 35.7% share in 2022. The increasing popularity of flower-based ingredients in perfumes, deodorants, soaps, etc., and these are most preferred by women. These factors are driving the growth of the segment in the market.

The wood segment is expected to grow at a CAGR of 5 % through the forecast period. These majorly include guaiac, cedar, and sandalwood, which are used in various perfumes. Increasing use in Sandalwood Incense, candles soaps, and rising consumer interest in rugged fragrance. These factors are expected to drive the growth of the segment through the forecast period.By Application, the Household Care segment dominated the market with a 56.7% share in 2022. The growing demand for products such as soaps, hair oils, creams, air fresheners, scented candles, detergents, and car fresheners amongst others. These factors are driving the demand of the segment in the market through the forecast period.

The cosmetics and Toiletries segment is expected to grow at a CAGR of 6.1 5 through the forecast period. Usage in multiple sectors, such as schools, office space, and numerous commercial sites & industries, and the growing requirement for essential cleaning products in the healthcare industry will drive the demand. Owing to the increasing consumption of personal care & cosmetic products in the emerging economies, increasing self-care awareness, etc. These factors are expected to drive the growth of the segment in the market through the forecast period.
Regional Insights:
Europe region dominated the market with a 43 % share in 2022. Due to strong demand and consumer preferences in the region. The region is climatically predominant, and the growth of high-quality natural ingredients and technological advances allow manufacturers to produce high-quality and reliable natural fragrances with healthy demand across the globe. This region is one of the largest cosmetics industries across the globe. Increasing beauty awareness among the population, surging tourist inflow, and rising disposable incomes, etc. These factors are driving the growth of the market.

North America is expected to grow at a CAGR of 7 % through the forecast. Rising application of natural fragrance ingredients in products such as soaps and detergents, and cosmetics and toiletries are major drivers in the market. The rising cases of skin allergies are driving the demand for natural fragrance ingredients in cosmetic and personal care products. The rising prevalence of skin diseases in the region is expected to increase the adoption of natural fragrance ingredients in cosmetics and toiletries.

Asia Pacific region is expected to grow at a CAGR of 5 % through the forecast period. Increasing revenues and increasing the presence of premium fragrance brands among consumers in the region. These factors are expected to drive the growth of the market in this region.

The objective of the report is to present a comprehensive analysis of the Natural Fragrance Ingredients market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Natural Fragrance Ingredients market dynamics, structure by analyzing the market segments and project the Natural Fragrance Ingredients market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Natural Fragrance Ingredients market make the report investor’s guide.
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Natural Fragrance Ingredients Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 17.10 Bn.


Forecast Period 2023 to 2029 CAGR:
7.5%
Market Size in 2029:
US $ 28.37 Bn.


 Segments Covered:
by Product
Flower
Wood
Musk
Others


by Application
Household Care
Cosmetics and Toiletries



Natural Fragrance Ingredients Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Natural Fragrance Ingredients Market Key Players are:
1. Givaudan SA
2. Firmenich SA
3. Huabao Intl
4. Symrise AG
5. Takasago International
6. BASF SE
7. Sensient Flavors and Fragrances
8. International Flavors and Fragrances
9. Frutarom Industries Ltd.
10.Mane SA
11.Sensient Flavors and Fragrances.
12.Synthite
13.Pour le Monde Parfums
14.S H Kelkar and Company Limited
15.Robertet Fragrances
16.T. Hasegawa Co., Ltd.
17.Treatt.
18.Takasago International Corporation
19.Bell Flavors & Fragrances
FAQ:
1] What segments are covered in Natural Fragrance Ingredients Market report?
Ans. The segments covered in the Natural Fragrance Ingredients Market report are based on Product and Application.

2] Which region is expected to hold the highest share in the Natural Fragrance Ingredients Market?
Ans. Asia Pacific Region is expected to hold the highest share in the Natural Fragrance Ingredients Market.

3] What is the market size of the Natural Fragrance Ingredients Market by 2029?
Ans. The market size of the Natural Fragrance Ingredients Market by 2029 is US $ 28.37 Bn.

4] Who are the top key players in the Natural Fragrance Ingredients Market?
Ans. Givaudan SA, Firmenich SA, Huabao Intl, Symrise AG, Takasago International, BASF SE, Sensient Flavors and Fragrances, International Flavors and Fragrances, Frutarom Industries Ltd., Mane SA, Sensient Flavors and Fragrances., Synthite, Pour le Monde Parfums, S H Kelkar and Company Limited, Robertet Fragrances, T. Hasegawa Co., Ltd., Treatt., Takasago International Corporation, Bell Flavors & Fragrances

5] What was the market size of the Natural Fragrance Ingredients Market in 2022?
Ans. The market size of the Natural Fragrance Ingredients Market in 2022 was US $ 17.10 Bn.