As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
The global natural fragrances market is being driven by the product’s increased demand from the food and beverages and cosmetics industries. In the emerging economies like the Asia Pacific, the Middle East and Africa, and Central and South America, the demand for the product is expected to witness a robust growth in the forecast period due to the growing health concern coupled with the positive health impact of natural fragrances on the senses and the rising disposable incomes in the region. Eastern Europe will grow alongside due to the rising consciousness of personal hygiene. The demand for menthol, a kind of fragrance, and the increased use of mint fragrances in the cosmetic industry is further driving the fragrances industry forward. The leading natural fragrances producing countries are India, producing 80% of menthol, followed by China, producing 40% vanillin and 45% of gum turpentine.
The rising demand for natural products over artificial ones, particularly from the personal care and cosmetics sector, is influencing the manufacturers to opt for natural items. In September 2019, International Flavors & Fragrances (NYSE: IFF), a key player in the industry and a leading innovator of fragrance, flavour, and nutrition, and its affiliate, IFF-Lucas Meyer Cosmetics (IFFLMC), completed the acquisition of Speximo AB, a Swedish technology company focused on developing next-generation stabilisation and encapsulation products for use in the production of sustainable personal care and cosmetic products with application in multiple commercial areas. In July 2019, another key player in the industry, Givaudan (SWX: GIVN), announced its plan to acquire Drom, a global perfume house, to further extend its leadership in the global fragrance market and fulfill the rising demand for the product. Such developments are expected to drive the growth of the natural fragrance industry during the forecast period.
Market Breakup by Types, Applications, and Regions:
Key Findings of the Report:
Key Offerings of the Report:
The major players in the global natural fragrances market are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Symrise AG, Takasago International Corp, and Mane SA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.