Bio Based Perfumery Ingredients Market
PUBLISHED: 2024 ID: SMRC26727
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Bio Based Perfumery Ingredients Market

Bio-Based Perfumery Ingredients Market Forecasts to 2030 - Global Analysis By Ingredient Type (Essential Oils, Aromatic Extracts, Isolates & Synthetics, Carrier Oils, Absolutes, Resins & Gums and Other Ingredient Types), Source, Extraction Method, Price Range, Application and By Geography

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4.9 (100 reviews)
Published: 2024 ID: SMRC26727

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Bio-Based Perfumery Ingredients Market is accounted for $5.78 billion in 2024 and is expected to reach $8.32 billion by 2030 growing at a CAGR of 4.7% during the forecast period. Bio-based perfumery ingredients are aromatic compounds derived from renewable biological sources such as plants, fruits, flowers, and other natural materials. They offer an eco-friendly alternative to traditional perfumery ingredients, reducing reliance on petrochemicals and minimizing environmental impact. Bio-based perfumery ingredients often possess unique olfactory profiles, contributing to the diversity and complexity of fragrances while aligning with the growing consumer demand for sustainable and natural products in the cosmetics industry.

According to LMVH's annual report 2021, the sales of luxury perfumes and cosmetics grew by 26% in 2021.

Market Dynamics: 

Driver: 

Increasing focus on health and wellness trends

Consumers are becoming more conscious of the potential health risks associated with synthetic fragrances, such as allergies, skin irritations, and respiratory issues. As a result, there's a growing demand for natural and organic alternatives that are perceived as safer and healthier choices. Bio-based perfumery ingredients, derived from renewable biological sources, align with these consumer preferences for clean, sustainable, and non-toxic products. Their natural origin and reduced reliance on synthetic chemicals make them appealing to health-conscious consumers, driving the adoption of bio-based perfumes and fragrances and fueling the growth of the market.

Restraint:

Limited availability and seasonal variations

Fluctuating supply can disrupt production schedules, leading to inconsistent product availability and higher production costs. Moreover, scarcity of certain raw materials may result in increased competition and price volatility. Perfumers may struggle to maintain consistent fragrance profiles, hindering brand reputation and consumer trust. These supply chain constraints also limit scalability and expansion opportunities for companies, impeding the overall growth potential of the bio-based perfumery ingredients market.

Opportunity:

Advancements in extraction technologies

Advancements in extraction technologies enable efficient and sustainable extraction of aromatic compounds from natural sources. Techniques like supercritical fluid extraction, microwave-assisted extraction, and enzymatic processes enhance yield, purity, and aroma profile of bio-based ingredients. These innovations improve production scalability, reduce processing times, and minimize environmental impact, thereby lowering production costs and enhancing competitiveness. Consequently, such technological progress accelerates the adoption of bio-based perfumery ingredients, meeting the increasing demand for natural and sustainable fragrance solutions.

Threat:

Fragrance instability

Natural variations in bio-based ingredients can lead to inconsistencies in scent profiles, affecting product quality and consumer satisfaction. Perfumers may struggle to achieve consistent fragrance formulations, impacting brand reputation and consumer trust. Additionally, the need for additional formulation and preservation techniques to enhance stability adds complexity and cost to product development. These challenges hinder the widespread adoption of bio-based perfumery ingredients, limiting market growth and competitiveness against more stable synthetic alternatives.

Covid-19 Impact

The covid-19 pandemic had a mixed impact on the bio-based perfumery ingredients market. While there was a temporary disruption in the supply chain due to lockdowns and restrictions on transportation, the growing consumer preference for natural and sustainable products during the pandemic fuelled demand for bio-based ingredients. Additionally, increased focus on personal hygiene and wellness further boosted the market. However, economic uncertainties and shifting consumer priorities led to some fluctuations in demand and delayed investments in the industry's expansion.

The plant-based segment is expected to be the largest during the forecast period

The plant-based segment is estimated to have a lucrative growth. Plant-based bio-based perfumery ingredients are aromatic compounds extracted from renewable botanical sources like flowers, fruits, leaves, and woods. They offer a wide range of aromatic profiles, from delicate florals to rich spices, contributing to the complexity and uniqueness of fragrances. Plant-based bio-based perfumery ingredients are favoured for their sustainability, natural origin, and compatibility with the growing consumer demand for eco-friendly and cruelty-free perfumes. 

The personal care products segment is expected to have the highest CAGR during the forecast period

The personal care products segment is anticipated to witness the highest CAGR growth during the forecast period, owing to its enriching formulations with natural fragrances. They are commonly used in various personal care items such as shampoos, conditioners, body lotions, soaps, and deodorants. These ingredients not only impart pleasant scents but also align with the growing preference for natural and organic beauty products. Incorporating these ingredients enhances the overall appeal of personal care products, catering to environmentally conscious consumers seeking healthier and greener alternatives for their skincare and grooming routines.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period. Rising consumer awareness regarding sustainable and natural products, coupled with increasing disposable incomes, is fueling demand. The region's rich biodiversity offers abundant sources for bio-based ingredients, fostering innovation and product development. Additionally, the growing cosmetics and personal care industry in countries like China, India, and Japan presents lucrative opportunities for market players to capitalize on the demand for eco-friendly and ethically sourced perfumery ingredients.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period driven by consumer preferences for sustainable and natural products. Increased awareness regarding the environmental and health impacts of traditional ingredients has spurred demand for bio-based alternatives. Key players in the region are investing in research and development to innovate and expand their product portfolios. With a focus on eco-friendly sourcing and production methods, the North American bio-based perfumery ingredients market is poised for continued growth in the foreseeable future.

Key players in the market

Some of the key players profiled in the Bio-Based Perfumery Ingredients Market include Kerry Group, Givaudan SA, International Flavors & Fragrances Inc. (IFF), Symrise AG, Robertet Group, Mane SA, Takasago International Corporation, Sensient Technologies Corporation, Treatt PLC, Frutarom Industries Limited and Firmenich SA.

Key Developments:

In March 2024, Dsm-Firmenich announced the inauguration of two production plants in Castets, southwestern France, for the production of perfumery ingredients. Both facilities are said to be equipped with the most advanced technologies in the industry to ensure the highest safety standards, operational stability, energy efficiency and quality.

In March 2023, Global Bioenergies launched its first natural and renewable isohexadecane 12, a key ingredient for the makeup industry at in-cosmetics Global. The biosourced isohexadecane is a 100% natural (according to ISO 16128), which is 100% made and sourced in France.

Ingredient Types Covered:
• Essential Oils
• Aromatic Extracts
• Isolates & Synthetics
• Carrier Oils
• Absolutes
• Resins & Gums
• Other Ingredient Types

Sources Covered:
• Plant-based
• Animal-based
• Synthetic Biology
• Microbial Fermentation
• Other Sources
        
Extraction Methods Covered:
• Steam Distillation
• Solvent Extraction
• Cold Press Extraction
• Enfleurage
• Expression
• Maceration
• Carbon Dioxide Extraction
• Other Extraction Methods

Price Ranges Covered:
• High-End
• Mid-Range
• Budget-Friendly

Applications Covered:
• Fine Fragrances
• Personal Care Products
• Home Fragrances
• Aromatherapy
• Industrial Applications
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary            
              
2 Preface             
 2.1 Abstract            
 2.2 Stake Holders           
 2.3 Research Scope           
 2.4 Research Methodology          
  2.4.1 Data Mining          
  2.4.2 Data Analysis          
  2.4.3 Data Validation          
  2.4.4 Research Approach          
 2.5 Research Sources           
  2.5.1 Primary Research Sources         
  2.5.2 Secondary Research Sources         
  2.5.3 Assumptions          
              
3 Market Trend Analysis           
 3.1 Introduction           
 3.2 Drivers            
 3.3 Restraints           
 3.4 Opportunities           
 3.5 Threats            
 3.6 Application Analysis          
 3.7 Emerging Markets           
 3.8 Impact of Covid-19           
              
4 Porters Five Force Analysis           
 4.1 Bargaining power of suppliers          
 4.2 Bargaining power of buyers          
 4.3 Threat of substitutes          
 4.4 Threat of new entrants          
 4.5 Competitive rivalry           
              
5 Global Bio-Based Perfumery Ingredients Market, By Ingredient Type       
 5.1 Introduction           
 5.2 Essential Oils           
 5.3 Aromatic Extracts           
 5.4 Isolates & Synthetics          
 5.5 Carrier Oils           
 5.6 Absolutes           
 5.7 Resins & Gums           
 5.8 Other Ingredient Types          
              
6 Global Bio-Based Perfumery Ingredients Market, By Source        
 6.1 Introduction           
 6.2 Plant-based           
 6.3 Animal-based           
 6.4 Synthetic Biology           
 6.5 Microbial Fermentation          
 6.6 Other Sources           
              
7 Global Bio-Based Perfumery Ingredients Market, By Extraction Method       

 7.1 Introduction           
 7.2 Steam Distillation           
 7.3 Solvent Extraction           
 7.4 Cold Press Extraction          
 7.5 Enfleurage           
 7.6 Expression           
 7.7 Maceration           
 7.8 Carbon Dioxide Extraction          
 7.9 Other Extraction Methods          
              
8 Global Bio-Based Perfumery Ingredients Market, By Price Range       
 8.1 Introduction           
 8.2 High-End            
 8.3 Mid-Range           
 8.4 Budget-Friendly           
              
9 Global Bio-Based Perfumery Ingredients Market, By Application       
 9.1 Introduction           
 9.2 Fine Fragrances           
 9.3 Personal Care Products          
 9.4 Home Fragrances           
 9.5 Aromatherapy           
 9.6 Industrial Applications          
 9.7 Other Applications           
              
10 Global Bio-Based Perfumery Ingredients Market, By Geography       
 10.1 Introduction           
 10.2 North America           
  10.2.1 US           
  10.2.2 Canada           
  10.2.3 Mexico           
 10.3 Europe            
  10.3.1 Germany           
  10.3.2 UK           
  10.3.3 Italy           
  10.3.4 France           
  10.3.5 Spain           
  10.3.6 Rest of Europe          
 10.4 Asia Pacific           
  10.4.1 Japan           
  10.4.2 China           
  10.4.3 India           
  10.4.4 Australia           
  10.4.5 New Zealand          
  10.4.6 South Korea          
  10.4.7 Rest of Asia Pacific          
 10.5 South America           
  10.5.1 Argentina          
  10.5.2 Brazil           
  10.5.3 Chile           
  10.5.4 Rest of South America         
 10.6 Middle East & Africa          
  10.6.1 Saudi Arabia          
  10.6.2 UAE           
  10.6.3 Qatar           
  10.6.4 South Africa          
  10.6.5 Rest of Middle East & Africa         
              
11 Key Developments            
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures       
 11.2 Acquisitions & Mergers          
 11.3 New Product Launch          
 11.4 Expansions           
 11.5 Other Key Strategies          
              
12 Company Profiling            
 12.1 Kerry Group           
 12.2 Givaudan SA           
 12.3 International Flavors & Fragrances Inc. (IFF)        
 12.4 Symrise AG           
 12.5 Robertet Group           
 12.6 Mane SA            
 12.7 Takasago International Corporation         
 12.8 Sensient Technologies Corporation         
 12.9 Treatt PLC           
 12.10 Frutarom Industries Limited          
 12.11 Firmenich SA           
              
List of Tables             

1 Global Bio-Based Perfumery Ingredients Market Outlook, By Region (2022-2030) ($MN)     
2 Global Bio-Based Perfumery Ingredients Market Outlook, By Ingredient Type (2022-2030) ($MN)    
3 Global Bio-Based Perfumery Ingredients Market Outlook, By Essential Oils (2022-2030) ($MN)     
4 Global Bio-Based Perfumery Ingredients Market Outlook, By Aromatic Extracts (2022-2030) ($MN)    
5 Global Bio-Based Perfumery Ingredients Market Outlook, By Isolates & Synthetics (2022-2030) ($MN)    
6 Global Bio-Based Perfumery Ingredients Market Outlook, By Carrier Oils (2022-2030) ($MN)     
7 Global Bio-Based Perfumery Ingredients Market Outlook, By Absolutes (2022-2030) ($MN)     
8 Global Bio-Based Perfumery Ingredients Market Outlook, By Resins & Gums (2022-2030) ($MN)    
9 Global Bio-Based Perfumery Ingredients Market Outlook, By Other Ingredient Types (2022-2030) ($MN)    
10 Global Bio-Based Perfumery Ingredients Market Outlook, By Source (2022-2030) ($MN)     
11 Global Bio-Based Perfumery Ingredients Market Outlook, By Plant-based (2022-2030) ($MN)     
12 Global Bio-Based Perfumery Ingredients Market Outlook, By Animal-based (2022-2030) ($MN)    
13 Global Bio-Based Perfumery Ingredients Market Outlook, By Synthetic Biology (2022-2030) ($MN)    
14 Global Bio-Based Perfumery Ingredients Market Outlook, By Microbial Fermentation (2022-2030) ($MN)    
15 Global Bio-Based Perfumery Ingredients Market Outlook, By Other Sources (2022-2030) ($MN)    
16 Global Bio-Based Perfumery Ingredients Market Outlook, By Extraction Method (2022-2030) ($MN)    
17 Global Bio-Based Perfumery Ingredients Market Outlook, By Steam Distillation (2022-2030) ($MN)    
18 Global Bio-Based Perfumery Ingredients Market Outlook, By Solvent Extraction (2022-2030) ($MN)    
19 Global Bio-Based Perfumery Ingredients Market Outlook, By Cold Press Extraction (2022-2030) ($MN)    
20 Global Bio-Based Perfumery Ingredients Market Outlook, By Enfleurage (2022-2030) ($MN)     
21 Global Bio-Based Perfumery Ingredients Market Outlook, By Expression (2022-2030) ($MN)     
22 Global Bio-Based Perfumery Ingredients Market Outlook, By Maceration (2022-2030) ($MN)     
23 Global Bio-Based Perfumery Ingredients Market Outlook, By Carbon Dioxide Extraction (2022-2030) ($MN)   
24 Global Bio-Based Perfumery Ingredients Market Outlook, By Other Extraction Methods (2022-2030) ($MN)   
25 Global Bio-Based Perfumery Ingredients Market Outlook, By Price Range (2022-2030) ($MN)     
26 Global Bio-Based Perfumery Ingredients Market Outlook, By High-End (2022-2030) ($MN)     
27 Global Bio-Based Perfumery Ingredients Market Outlook, By Mid-Range (2022-2030) ($MN)     
28 Global Bio-Based Perfumery Ingredients Market Outlook, By Budget-Friendly (2022-2030) ($MN)    
29 Global Bio-Based Perfumery Ingredients Market Outlook, By Application (2022-2030) ($MN)     
30 Global Bio-Based Perfumery Ingredients Market Outlook, By Fine Fragrances (2022-2030) ($MN)    
31 Global Bio-Based Perfumery Ingredients Market Outlook, By Personal Care Products (2022-2030) ($MN)    
32 Global Bio-Based Perfumery Ingredients Market Outlook, By Home Fragrances (2022-2030) ($MN)    
33 Global Bio-Based Perfumery Ingredients Market Outlook, By Aromatherapy (2022-2030) ($MN)    
34 Global Bio-Based Perfumery Ingredients Market Outlook, By Industrial Applications (2022-2030) ($MN)    
35 Global Bio-Based Perfumery Ingredients Market Outlook, By Other Applications (2022-2030) ($MN)    
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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