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Global Natural Fragrance Market Size, Analysis: By Type: Flowers, Fruits, Musk, Wood, Spice, Others; By Application: Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Cleaners and Air Fresheners, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Natural Fragrance Market Outlook
The global natural fragrance market size attained a value of USD 3.58 billion in 2023. The market is expected to grow at a CAGR of 9.8% in the forecast period of 2024-2032 to reach a value of USD 8.28 billion by 2032.
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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.
Natural Fragrance Market Segmentation
Natural fragrances are complex aromatic compounds derived from natural sources. On the basis of type, the industry is segmented into:
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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.
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Natural Fragrance 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.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Fragrance Market Overview
8.1 Key Industry Highlights
8.2 Global Fragrance Historical Market (2018-2023)
8.3 Global Fragrance Market Forecast (2024-2032)
8.4 Global Natural Fragrance Market by Region
8.4.1 Market Share
8.4.1.1 North America
8.4.1.2 Europe
8.4.1.3 Asia Pacific
8.4.1.4 Latin America
8.4.1.5 Middle East and Africa
9 Global Natural Fragrance Market Analysis
9.1 Key Industry Highlights
9.2 Global Natural Fragrance Historical Market (2018-2023)
9.3 Global Natural Fragrance Market Forecast (2024-2032)
9.4 Global Natural Fragrance Market by Type
9.4.1 Flowers
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Fruits
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.4.3 Musk
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2023)
9.4.3.3 Forecast Trend (2024-2032)
9.4.4 Wood
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2023)
9.4.4.3 Forecast Trend (2024-2032)
9.4.5 Spice
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2023)
9.4.5.3 Forecast Trend (2024-2032)
9.4.6 Others
9.5 Global Natural Fragrance Market by Application
9.5.1 Soap and Detergents
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Cosmetics and Toiletries
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Fine Fragrances
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2023)
9.5.3.3 Forecast Trend (2024-2032)
9.5.4 Household Cleaners and Air Fresheners
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2023)
9.5.4.3 Forecast Trend (2024-2032)
9.5.5 Others
9.6 Global Natural Fragrance Market by Region
9.6.1 Market Share
9.6.1.1 North America
9.6.1.2 Europe
9.6.1.3 Asia Pacific
9.6.1.4 Latin America
9.6.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Trade Data Analysis (HS Code – 290611, 291241)
12.1 Major Importing Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Exporting Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Givaudan SA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Firmenich SA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 International Flavors & Fragrances, Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Symrise AG
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Wild Flavors, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Takasago International Corp.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Mane SA
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Natural Fragrance Market: Key Industry Highlights, 2018 and 2032
2. Global Natural Fragrance Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Natural Fragrance Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Natural Fragrance Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Natural Fragrance Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Natural Fragrance Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Natural Fragrance Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Natural Fragrance Market Structure
Key Questions Answered in the Report
The global natural fragrance market attained a value of USD 3.58 billion in 2023.
The global natural fragrance market is projected to grow at a CAGR of 9.8% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 8.28 billion by 2032.
The major market drivers include the rising demand from the end use sectors, surging disposable incomes, and increased per capita grooming spending.
Increasing growth of the personal care industry and the rising demand for natural and organic goods are the key market trends.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Flowers, fruits, musk, wood, and spice, among others, are the various types of natural fragrance in the market.
The applications of natural fragrances in the market include soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among others.
The major players in the global natural fragrance market 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 size attained a value of USD 3.58 billion in 2023. The market is expected to grow at a CAGR of 9.8% in the forecast period of 2024-2032 to reach a value of USD 8.28 billion by 2032.
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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