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Global Natural Fragrance Market: By Type: Flowers, Fruits, Musk, Wood, Spice; By Application: Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Cleaners and Air Fresheners; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Natural Fragrance Market Outlook

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 2020. The industry is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a value of nearly USD 39 billion by 2026.

 

Global Natural Fragrance Market

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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:

 

Global Natural Fragrance Market By Type

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  • Flowers
  • Fruits
  • Musk
  • Wood
  • Spice
  • Others

On the basis of application, the industry is divided into:

  • Soap and Detergents  
  • Cosmetics and Toiletries
  • Fine Fragrances
  • Household Cleaners and Air Fresheners 
  • Others

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.

 

Global Natural Fragrance Market By Region

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Market Analysis

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.

 

Competitive Landscape

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:

  • Givaudan SA
  • Firmenich SA
  • International Flavors & Fragrances, Inc.
  • Symrise AG
  • Wild Flavors, Inc.
  • Takasago International Corp
  • Mane SA
  • Others

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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Application, Region
Breakup by Type Flowers, Fruits, Musk, Wood, Spice, Others
Breakup by Application Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Cleaners and Air Fresheners, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corp, Mane SA, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    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
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    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 (2017-2021) & Forecast (2022-2027)
    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 
        6.2.5    Others
    6.3    Chart: Global Fragrance Market Breakup by Region
        6.3.1    North America
        6.3.2    Europe
        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 (2017-2021) & Forecast (2022-2027)
    7.2    Chart: Global Natural Fragrance Market Breakup by Type
        7.2.1    Flowers
        7.2.2    Fruits
        7.2.3    Musk
        7.2.4    Wood
        7.2.5    Spice
        7.2.6    Others
    7.3    Figure: Global Natural Fragrance Market Breakup by Type: Historical Market (2017-2021) & Forecast (2022-2027)
        7.3.1    Flowers
        7.3.2    Fruits
        7.3.3    Musk
        7.3.4    Wood
        7.3.5    Spice
        7.3.6    Others
    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 
        7.4.5    Others 
    7.5    Figure: Global Natural Fragrance Market Breakup by Application: Historical Market (2017-2021) & Forecast (2022-2027)
        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 
        7.5.5    Others 
    7.6    Chart: Global Natural Fragrance Market Breakup by Region
        7.6.1    North America
            7.6.1.1    United States of America
            7.6.1.2    Canada
        7.6.2    Europe
            7.6.2.1    Germany
            7.6.2.2    France
            7.6.2.3    United Kingdom
            7.6.2.4    Italy
            7.6.2.5    Others
        7.6.3    Asia Pacific
            7.6.3.1    China
            7.6.3.2    Japan
            7.6.3.3    India
            7.6.3.4    ASEAN
            7.6.3.5    Others
        7.6.4    Latin America
            7.6.4.1    Brazil
            7.6.4.2    Argentina
            7.6.4.3    Mexico
            7.6.4.4    Others
        7.6.5    Middle East and Africa
            7.6.5.1    Saudi Arabia
            7.6.5.2    United Arab Emirates
            7.6.5.3    Nigeria
            7.6.5.4    South Africa
            7.6.5.5    Others
    7.7    Figure: Global Natural Fragrance Market Breakup by Region: Historical Market (2017-2021) & Forecast (2022-2027)
        7.7.1    North America
            7.7.1.1    United States of America
            7.7.1.2    Canada
        7.7.2    Europe
            7.7.2.1    Germany
            7.7.2.2    France
            7.7.2.3    United Kingdom
            7.7.2.4    Italy
            7.7.2.5    Others
        7.7.3    Asia Pacific
            7.7.3.1    China
            7.7.3.2    Japan
            7.7.3.3    India
            7.7.3.4    ASEAN
            7.7.3.5    Others
        7.7.4    Latin America
            7.7.4.1    Brazil
            7.7.4.2    Argentina
            7.7.4.3    Mexico
            7.7.4.4    Others
        7.7.5    Middle East and Africa
            7.7.5.1    Saudi Arabia
            7.7.5.2    United Arab Emirates
            7.7.5.3    Nigeria
            7.7.5.4    South Africa
            7.7.5.5    Others
8    Global Natural Fragrance Price Analysis
    8.1    North America Natural Fragrance Historical Price Trends (2017-2021) and Forecast (2022-2027)
    8.2    Europe Natural Fragrance Historical Price Trends (2017-2021) and Forecast (2022-2027)
    8.3    Asia Pacific Natural Fragrance Historical Price Trends (2017-2021) and Forecast (2022-2027)
    8.4    Latin America Natural Fragrance Historical Price Trends (2017-2021) and Forecast (2022-2027)
    8.5    Middle East and Africa Natural Fragrance Historical Price Trends (2017-2021) and Forecast (2022-2027)
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
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Porter’s Five Forces Analysis
    11.1    Overview
    11.2    Buyer’s Power
    11.3    Supplier’s Power
    11.4    New Entrants
    11.5    Degree of Rivalry
    11.6    Substitutes
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
    15.2    Utilities
    15.3    Labor
    15.4    Depreciation
    15.5    Overheads
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
    16.8    Others
17    Industry 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
    19.2    Construction
    19.3    Plant Machinery
    19.4    Cost of Raw Material
    19.5    Packaging
    19.6    Transportation
    19.7    Utilities
    19.8    Manpower
    19.9    Other Capital Investment

Key Questions Answered in the Report

The global natural fragrance market is supported by the growth of the global flavours and fragrances market, which reached a value of almost USD 29 billion in 2020.

The global natural fragrance market is driven by the rising global flavours and fragrances market, which is projected to grow at a CAGR of 5% between 2021 and 2026.

The global natural fragrance market is aided by the global flavours and fragrances market, which is expected to reach USD 39 billion by 2026.

The major industry drivers include the rising demand from the end use sectors along with the rising disposable incomes and per capita grooming spending.

Increasing growth in the personal care industry and the increasing demand for natural and organic goods are the key industry trends.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with Asia Pacific accounting for the largest share in the market.

Flowers is the dominant type in the industry due its high availability and fragrances.

The application sectors include soap and detergents, cosmetics and toiletries, fine fragrances, household cleaners and air fresheners, among others.

The major players in the industry are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corp, and Mane SA, among others.

Analyst Review

The global natural fragrance market is supported by the growth of the global flavours and fragrances market, which reached a value of almost USD 29 billion in 2020. The market is likely to be driven by the global flavours and fragrances market, which is expected to grow at a CAGR of 5% in the forecast period of 2022-2027 to attain a value of USD 39 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the natural fragrance industry can be segmented into flowers, fruits, musk, wood, and spice, among others, with flowers accounting for the largest market share. 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 natural fragrance are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Asia Pacific accounting for the largest share of the market. The key players in the above market include Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corp, and Mane SA, among others.

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 market insights that are accurate, actionable, and help them remain ahead of their competition.

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