The Global Natural Fragrances market was valued at USD 3.82 billion in 2023. The global market size is expected to grow at a CAGR of 7.3% from 2024 to 2032 and be worth USD 7.20 billion by 2032 from USD 4.10 billion in 2024.
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.
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.
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.
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REPORT METRIC |
DETAILS |
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Market Size Available |
2023 to 2032 |
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Base Year |
2023 |
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Forecast Period |
2024 to 2032 |
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CAGR |
7.3% |
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Segments Covered |
By Ingredients, Application, and Region |
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Various Analyses Covered |
Global, Regional and country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
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Market Leaders Profiled |
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). |
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.
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.
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.
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.
By Ingredients
By Application
By Region
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