Plant-Based Fragrance Oil Market: Global Industry Analysis and Forecast (2023-2029)

Global Plant-Based Fragrance Oil Market oils is estimated to be worth $ 3.16 billion. The market is estimated to increase at a CAGR of 5.2% over the forecast period, reaching a value of US$ 4.52 billion by 2029.
Plant-Based Fragrance Oil Market Overview:
Natural essential oils or blended synthetic scent composites are thinned with a carrier like mineral oil, propylene glycol, or vegetable oil to produce plant-based fragrance oils, also known as flavors oils, aromatic oils, and aroma oils. There are no imitation ingredients in plant-based fragrance oil. Natural aromatics segregates such as geranial, vanillin, and limonene are isolated from raw natural botanical materials such as vanilla beans, lemons, and roses in the necessary pure natural oil and extract.

The plant-based fragrance oil is an ultra-pure plant extract acquired by a moderately high yielding, high-efficiency extraction technique. Natural perfume has a softer, plant-like aroma than synthetic perfumes, with a tougher scent.To know about the Research Methodology :- Request Free Sample Report
Plant-Based Fragrance Oil Market Dynamics:
Exotic and ethnic flavours will become more popular in fragrance oil which driving the growth of the market:

Consumer demand and approaches are having a big influence on changing the food and beverage business. Consumers prefer eating healthy and nourishing items to stay fit and prevent major infirmities because health and wellness is a rising trend around the world. Consumers prefer natural and organic substances over synthetically and conventionally manufactured merchandise to live a healthy lifestyle. Food and beverage businesses are preferring plant-based fragrance oils obtained from natural sources such as plant parts or plants, tapping into a current consumer petition which is fuelling the growth of the market.

Various side effects associated with the product is hampering the growth of the market:

Difficulty in breathing, coughing, biliousness, contractions, vomiting, headache, itching, bantering, a burning sensation on the skin or in the stomach, cancer, lung and heart disease, and brain damage are all possible side effects of Fragrance Oils, especially with long-term exposure and indecorous handling. Essential oils comprise highly concentrated chemical components that can be harmful to human health, triggering skin irritations, respiratory discomfort, and even cancer which is the major factor for hindering the growth of the market.

The food processing industry's rapid development and the usage of substitute fuels like biodiesel is giving a huge opportunity for the market:

Confectionery, bread, cheese, and other food crops are mostly made with plant-based oils. The steady rise in the food processing business, which services plant-based oils for deep-frying, is the most important factor for growth. Additionally, due to the rising occurrence of cardiovascular disorders, there is a growing mandate for healthier oils like olive oil, which is boosting the target industry's growth. Biodiesel and oleochemicals are also made from plant-based oils which are considered as a major factor for fuelling the growth of the market.

Recent Development by Major Key Players in Plant-Based Fragrance Oil Market:

 In 3 Dec 2021, Phoenix Aromas and Essential Oils and Tilley Company have accomplished their merger. Tilley's current product line of ingredients for use in delimited markets will be enhanced by the new firm. Phoenix offers plant-based fragrance oil market proficiency, regulatory provision, and inventory supported by a linkage of sales offices and warehouses as experts in flavour and aroma compounds.

 In 24 Dec 2020, Way of Will Inc., a leading merchant of aromatherapy products made from natural aromatic plant abstracts and essential oils, has been acquired by New Wave
Plant-Based Fragrance Oil Market Segment Analysis:
By Source, the market is segmented into Vegetables Fruits & Other Plant Parts. The Vegetable segment is expected to hold 72.5% of the overall market share in terms of revenue by 2029. Essential oils are usually vegan friendly due to their nature as they are created by cold pressing or distilling plants. Essential oils are plant-based and natural, whereas fragrance oils are made in a lab and can contain up to 200 chemicals, some of which are animal-derived in which there is a wide usage of these in vegetables, as it may be considered healthy for the human body and give a high nutritional value which is the major factor for driving the growth of this segment.

By Nature, the market is segmented into Organic and Conventional. Organic is expected to hold 71.2% of the overall market share in terms of revenue by 2029. Natures Flavours Certified Organic Fragrance Oils are superlative for giving certified organic items a pleasant scent. These are highly focussed organic scented oils, which are based on organic sunflower oil, which will produce a wonderful aroma for candles, soaps, lotions, and other oil-based items which is creating huge growth for this segment.

By Form, the market is segmented into Dry and Liquid. The Dry segment is expected to hold the highest market share in terms of revenue by 2029. Because of speedily smell dries and evaporates on dry skin, it can be difficult to apparel it. Oils, on the other hand, are hydrating, which helps them stay lengthier while also making them suitable for all skin types.By End-User, the market is segmented into Food & Beverage and Dietary Supplement. The Food & Beverage segment is expected to hold the highest market share in terms of revenue by 2029. The focused substances of natural oils found in plants are known as essential oils. They are harmless to use in cooking when processed in a specific way, just like vanilla or almond extract. Essential oils can be found in plenty online, but some pharmacies also carry food-grade oils.
Regional Insights:
The European region accounted for the largest market share in 2022 for the market. The attendance of various managements such as the European Federation of Essential Oils (EFEO) has facilitated the growth of the essential oil industry in Europe. EFEO was generated to promote and defend the interests of all partners convoluted in the market value chain. The organization is in talks with the European Commission and the European Parliament to alter or update regulations on essential oils. Such propensities have aided the market's growth in that area. The occurrence of several industry contributors and easy access to feedstock are the major factors driving Europe's strong market development in this market.

The objective of the report is to present a comprehensive analysis of the 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 reports also help in understanding the market dynamics, structure by analyzing the market segments and projecting the market size. Clear representation of competitive analysis of key players by Technology, price, financial position, product portfolio, growth strategies, and regional presence in the market makes the report investor's guide.
Plant-Based Fragrance Oil Market Scope: Inquiry Before Buying



Plant-Based Fragrance Oil Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
5.2%
US$ 3.16 Bn
US$ 4.52 Bn


Segments Covered


by Nature
Organic
Conventional
by Form
Dry
Liquid
by Source
Vegetables
Fruits & Other Plant Parts
Herbs & Spices
by End-Use
Food & Beverage
Dietary Supplement


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players are:
1. Senteales
2. Axxence Aromatic Gmbh
3. Aromantic Ltd
4. BVM Fragrances Pvt. Ltd
5. Alpha Aromatics
6. Natures Flavors
7. Natural Sourcing LLC
8. Aromatics International
9. Sydney Essential Oil Co. (SEOC)
10.Biolandes SAS
11.India Essential Oils
12.H. Reynaud & Fils (HRF)
13.Young Living Essential Oils
14.DoTerra
15.Essential Oils of New Zealand

Frequently Asked Questions:

1. Which region has the largest share in Global Plant-Based Fragrance Oil Market?
Ans: Europe region held the highest share in 2022.

2. What is the growth rate of Global Plant-Based Fragrance Oil Market?
Ans: The Global Plant-Based Fragrance Oil Market is growing at a CAGR of 5.2% during forecasting period 2023-2029.

3. What is scope of the Global Plant-Based Fragrance Oil Market report?
Ans: Global Plant-Based Fragrance Oil Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Plant-Based Fragrance Oil Market?
Ans: The important key players in the Global Plant-Based Fragrance Oil Market are – Senteales, Axxence Aromatic Gmbh, Aromantic Ltd, BVM Fragrances Pvt. Ltd, Alpha Aromatics, Natures Flavors, Natural Sourcing LLC, Aromatics International, Sydney Essential Oil Co. (SEOC), Biolandes SAS, India Essential Oils, H. Reynaud & Fils (HRF), Young Living Essential Oils, DoTerra, and Essential Oils of New Zealand

5. What is the study period of this Market?
Ans: The Global Plant-Based Fragrance Oil Market is studied from 2022 to 2029.