Natural Fragrance Market

Global Natural Fragrances Market Size (2024 to 2029)

As per our analysis report, the global Natural Fragrances Market is expected to reach USD 5.83 billion by 2029 from USD 4.1 billion in 2024, growing at a compound annual growth rate (CAGR) of 7.3% during the forecast timeline

MARKET OVERVIEW

The rising applications of natural fragrance ingredients in fine fragrances, personal care & cosmetics, and household products are primarily accelerating this business growth. Globally, Europe accounted for a substantial portion of the natural fragrances business.

The global natural fragrance market is promoted by the increasing manufacturing in the processed foods sector, rising interest in natural products, and the growing per capita spending in emerging economies. The global market is also supported by the healthy growth of the flavors and fragrances industry.

MARKET DRIVERS

The natural fragrance market is estimated to grow during the forecast period owing to the rising demand for natural products in the food & beverage industry. The changing consumer lifestyle and food preferences are acting as contributing factors to promoting the global market. However, the high cost involved in the production and research and development is acting as restraints in the international marketplace.

The health issues caused by synthetic fragrances are another factor promoting the business of natural fragrances as these ingredients are derived from petroleum products. Thus, consumers are demanding products containing natural components. These factors will lead to the expansion of the global natural fragrance market during the forecast period at a notable compound annual growth rate.

MARKET OPPORTUNITIES

Emerging economies like China, Argentina, Brazil, and Japan are offering several growth opportunities for the expansion of the global natural fragrance market. Also, the growing need for natural products globally and increasing scope in various applications are determined to offer immense opportunities for the business market players in the following years. 

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Natural Fragrances Market By Ingredients

The essential oils segment is determined to expand over the envisioned period, resulting in the expansion of the global natural fragrance market. The rising consumer awareness related to health hazards due to the adoption of synthetic products is promoting a surge in the call for natural & organic products.

Global Natural Fragrances Market By Application

The fine fragrances segment is estimated during the forecast period to dominate the natural fragrance market by value. The driving factor for the demand for fine fragrance is its applications in perfumes, colognes, and deodorants.

REGIONAL ANALYSIS

Europe is estimated during the anticipated period to account for the substantial market share in natural fragrances.

The presence of various natural fragrance players, with a positive impact the market is promoting business growth in this locale. In addition, fine fragrances, personal care & cosmetics, and household care applications in this region are increasing the call for natural fragrances among consumers.

KEY PLAYERS IN THE GLOBAL NATURAL FRAGRANCES MARKET

Givaudan SA (Switzerland), Firmenich SA (Switzerland), International Flavors & Fragrances (US), Symrise AG (Germany), Takasago International Corporation (Japan), Mane SA (France), Robertet SA (France), Sensient Technologies Corporation (US), T. Hasegawa Co., Ltd. (Japan),Bell Flavors & Fragrances (US) are some of the notable companies in the global natural fragrances market.

DETAILED SEGMENTATION OF THE GLOBAL NATURAL FRAGRANCES MARKET INCLUDED IN THIS REPORT

This research report on the global natural fragrances market has been segmented and sub-segmented based on ingredients, application, and region.

By Ingredients

• Essential Oils
• Natural Extracts

By Application

• Fine Fragrances
• Personal Care & Cosmetics
• Household Care

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America
• Middle East and Africa