Natural Fragrance - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Natural Fragrance Market is accounted for $2.42 million in 2018 and is expected to reach $6.45 million by 2027 growing at a CAGR of 11.5% during the forecast period. Some of the factors such as increasing consumer awareness regarding the harmful effects of chemicals and other synthetic products on the human body, changing lifestyle, and customer preferences are driving the growth of the market. However, huge cost of R&D and high production restraining the market growth.
Natural fragrance chemicals are aroma compounds physically obtained from plants, spices and fruits through distillation, extraction and expression. In general, fragrance chemicals that are produced from natural sources are termed as natural fragrance chemicals. These chemicals do not contain any traces of toxicity in it and are highly preferred over synthetic fragrance chemicals, especially by health-conscious people. Owing to the non-toxic characteristic of the compound, the prices are relatively high. The costs depend upon the aroma as well.
In terms of ingredients, natural extract segment has a growing prominence in the forecast period. The growing concern towards the health hazards caused due to synthetic products has driven the market for natural ingredients, which thereby drives the natural fragrances market. By geography, Europe is likely to have a huge demand due to the high demand for products containing natural fragrance chemicals and the presence of several leading players in this region.
Some of the key players in the Global Protein Hydrolysates market include Huabao, Ogawa & Co., Ltd, CPL Aromas, KAO Chemicals Europe. S.L., Yingyang (China) Aroma Chemical Group, S H Kelkar and Company Limited, Aarav Fragrances & Flavors, Iberchem, Alpha Aromatics, LA Scenteur Fragrance, BIO Aroma, Risdon International, Fragrance Oils (International) Ltd., EPS Fragrances, Dauper, Akay Group Ltd., Natural Fragrance Company Ltd., BMV Fragrances Private Limited, Givaudan SA, Firmenich SA, Symrise AG, International Flavours And Fragrance, Sensient Technologies Corporation, Takasago International, T.Hasegawa Co., Ltd, Mane SA, Bell Flavors & Fragrances, and Robertet SA.
• Natural Extracts
• Essential Oils
• Aroma Chemical
• Other Ingredients
• Flower Based
• Other Sources
• Personal Care & Cosmetics
• Fine Fragrances
• Household Care
• Toiletries & Detergents
• Floor Cleaners
• Room Fresheners
• Other Applications
End Users Covered:
• Food & Beverages
• Pharmaceutical Industry
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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