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The global natural fragrance market is being driven by the rising production of processed foods, increasing consumer interest in natural products, and the growing disposable incomes in the emerging economies. The global natural fragrance market is supported by the healthy growth of the global flavours and fragrances market. The global flavours and fragrances market reached a value of almost USD 29 billion in 2019. The industry is further expected to grow at a CAGR of 5% between 2020 and 2025 to reach a value of nearly USD 39 billion by 2025.
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The key producing countries for natural fragrances are India and China, producing 80% of menthol, and 40% of vanillin, respectively. China also accounts for 45% of the production of gum turpentine. India and China are also the major exporting countries for natural fragrances, with India accounting for 80% of the menthol export and China accounting for 50% of vanillin and 40% of gum turpentine exports. The new trends coming up in the natural fragrance market include the development of drought/disease/pest resistant and superior-yield potential varieties of fragrances, like mint. The new trends also include the utilisation of innovative synthetic technologies to create cost-effective production and processing of products like mint, vanillin, and turpentine.
The emerging countries of the Asia Pacific region, Africa, the Middle East, and Central and South America are expected to witness a robust growth in the forecast period due to the growing awareness of the positive health impact of natural fragrances on the senses. Eastern Europe is predicted to grow alongside the global average, although it will grow considerably faster than the developed economies due to the rising consciousness of personal hygiene in the region. The industry in India and China are expected to have an accelerated growth due to the rise in the disposable incomes in these countries.
Properties and Applications
Natural fragrances are complex aromatic compounds derived from natural sources. On the basis of type, the industry is segmented into:
On the basis of application, the industry is divided into:
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The global natural fragrance market is being driven by the rapidly increasing income and an increased per capita spending on grooming. The changing consumer habits and the rising demand for fragrances from developing countries are aiding the market growth. The industry is offering various innovations in the products to cater to the consumers' demands for new and exciting fragrances. In the metropolitan cities of emerging economies, the grooming segment has significantly shown a huge demand for fragrances over the past two years, further invigorating the market for natural fragrances. The demand for fragrances from the detergent and cleaner industry in the emerging economies is further expected to drive the industry growth due to its constant demand from the toiletry and cleaner segment. The industry is also expected to be driven by the introduction of new and innovative products for niche and standard applications.
The demand for processed foods around the globe is increasing, further augmenting the market growth. The increasing population of health-conscious people across the world is driving the demand for natural fragrances owing to its positive health impacts. The multi-functional compounds are expected to increase in the forecast period as a consequence of the rising demand for health and wellness products. The industry has grown significantly due to its consumption in food and other industries, which are developing new encapsulation technologies. Encapsulation enables fragrances to be more constant and to be widely used in applications. The manufacturers of natural fragrances are seeking out raw materials that are new and innovative, such as flavours and fragrances extracted from yeast, for the application in the food industry.
The demand for menthol, particularly, is driven by the increasing demand for menthol cigarettes in emerging economies such as China, India, Indonesia, and other regions. The category of perfume is expected to increase the demand for synthetic menthol in the developing markets. The use of mint fragrances in the cosmetic industry is expected to further support the market growth for natural fragrances. A rising inclination towards the use of natural ingredients in medicines and related products is expected to drive the industry in the coming years.
The report gives a detailed analysis of the following key players in the global natural fragrance market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model, along with giving a SWOT analysis.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Fragrance Market Overview
6.1 Figure: Global Fragrance Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Fragrance Market Breakup by Application
6.2.1 Soap and Detergents
6.2.2 Cosmetics and Toiletries
6.2.3 Fine Fragrances
6.2.4 Household Cleaners and Air Fresheners
6.3 Chart: Global Fragrance Market Breakup by Region
6.3.1 North America
6.3.3 Asia Pacific
6.3.4 Latin America
6.3.5 Middle East and Africa
7 Global Natural Fragrance Market Analysis
7.1 Figure: Global Natural Fragrance Historical Market (2015-2019) & Forecast (2020-2025)
7.2 Chart: Global Natural Fragrance Market Breakup by Type
7.3 Figure: Global Natural Fragrance Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
7.4 Chart: Global Natural Fragrance Market Breakup by Application
7.4.1 Soap and Detergents
7.4.2 Cosmetics and Toiletries
7.4.3 Fine Fragrances
7.4.4 Household Cleaners and Air Fresheners
7.5 Figure: Global Natural Fragrance Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
7.5.1 Soap and Detergents
7.5.2 Cosmetics and Toiletries
7.5.3 Fine Fragrances
7.5.4 Household Cleaners and Air Fresheners
7.6 Chart: Global Natural Fragrance Market Breakup by Region
7.6.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
7.6.3 Asia Pacific
7.6.4 Latin America
7.6.5 Middle East and Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
7.7 Figure: Global Natural Fragrance Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
7.7.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
7.7.3 Asia Pacific
7.7.4 Latin America
7.7.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
8 Global Natural Fragrance Price Analysis
8.1 North America Natural Fragrance Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.2 Europe Natural Fragrance Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.3 Asia Pacific Natural Fragrance Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.4 Latin America Natural Fragrance Historical Price Trends (2015-2019) and Forecast (2020-2025)
8.5 Middle East and Africa Natural Fragrance Historical Price Trends (2015-2019) and Forecast (2020-2025)
9 Global (HS Code: 290611,291241) Trade Analysis
9.1 Major Exporting Countries: By Value and Volume
9.2 Major Importing Countries: By Value and Volume
10 SWOT Analysis
11 Porter’s Five Forces Analysis
11.2 Buyer’s Power
11.3 Supplier’s Power
11.4 New Entrants
11.5 Degree of Rivalry
12 Value Chain Analysis
13 EMR’s Key Indicators for Demand
14 EMR’s Key Indicator for Price
15 Cost Analysis
15.1 Raw Material
16 Competitive Landscape & Supplier Analysis
16.1 Givaudan SA
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Firmenich SA
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 International Flavors & Fragrances, Inc.
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Symrise AG
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5 Wild Flavors, Inc.
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6 Takasago International Corp
16.6.1 Company Overview
16.6.2 Financial Analysis
16.7 Mane SA
16.7.1 Company Overview
16.7.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Manufacturing Process
18.1 Detailed Process Flow
18.2 Operations Involved
18.3 Mass Balance
19 Production Cost Analysis and Project Economics
19.1 Land, Location and Site Development
19.3 Plant Machinery
19.4 Cost of Raw Material
19.9 Other Capital Investment
The global natural fragrance market is aided by the flavours and fragrances market. The global flavours and fragrances market attained a value of USD 29 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5%. The market is projected to reach USD 39 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on types, the natural fragrance market can be segmented into flowers, fruits, musk, wood, and spice, among others. They find their applications in soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among others. The major regional markets for the product are North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa, with the Asia Pacific being a significant market in the industry. The key players in the above industry Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corp, and Mane SA, among others.
The major drivers of the industry such as rising disposable incomes, increasing per capita spending on grooming, rising demand from the personal care sector, and a growing demand for natural and sustainable products are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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