In a world that values sustainability, wellness, and organic lifestyles, the natural fragrance market has emerged as a fragrant oasis. Consumers are increasingly seeking products that not only smell exquisite but also embody their commitment to environmental consciousness. As a result, the natural fragrance market has experienced remarkable growth in recent years. This article delves into the enchanting realm of natural fragrances, exploring their rising popularity, key drivers, and future prospects. the natural fragrance market report delivers data on the volume, share, revenue, production, and sales in the market. Natural Fragrance Market is highly competitive, with major players investing in research and development to create new and innovative products and expand their market share.
The report “Natural Fragrance Market by Ingredients (Essential Oils, Natural Extracts), Application (Fine Fragrances, Personal Care & Cosmetics, Household Care), and Region (Europe, North America, APAC, South America, Middle East & Africa) – Global Forecast to 2024″ The natural fragrances market is projected to reach USD 4.3 billion by 2024, at a CAGR of 9.6% from USD 2.7 billion in 2019.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=254324409
Browse 69 market data Tables and 42 Figures spread through 115 Pages and in-depth TOC on “Natural Fragrance Market by Ingredients (Essential Oils, Natural Extracts), Application (Fine Fragrances, Personal Care & Cosmetics, Household Care), and Region (Europe, North America, APAC, South America, Middle East & Africa) – Global Forecast to 2024”
Natural Fragrance Market Key Players
The key market players profiled in the report include as 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).
Givaudan (Switzerland) is the largest player in the natural fragrance market. The company is developing its natural fragrance business by acquisition and expanding in countries such as APAC and North America. The company mainly focuses on expansions and acquisition to strengthen its position in the market. The company acquired Albert Vieille, a French company specialized in natural ingredients used in the fragrance and aromatherapy markets. It will help the company cater to the growing demand of customers for natural fragrances. As an expansion strategy, the company opened a new fragrance creative center in Mexico City, Mexico, in October 2017. The new center will help the company support its business growth in North America.
Firmenich SA (Switzerland) is one of the major manufacturers of fragrances. In March 2016, the company opened a manufacturing facility in Buenos Aires, Argentina. The expansion has helped the company strengthen its position in the fragrances market in Argentina. In July 2018, Agilex Fragrances, which is a part of Firmenich group, acquired Fragrance West (US). This acquisition will help the company strengthen its position in the fragrances market in the Americas.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=254324409
Essential Oils are the largest segment of the natural fragrance market.
The essential oils segment is estimated to lead the market, in terms of value, in 2019. The demand for essential oils is growing because of the health hazards caused due to synthetic ingredients and increasing demand for natural and organic products. Additionally, rising consumer awareness regarding the numerous health benefits of essential oils as topical application and aromatherapy are expected to drive the growth of the market.
Europe is estimated to be the largest market for natural fragrances during the forecast period.
Europe is the largest natural fragrances market and is expected to continue dominating the global market during the forecast period. Increased investments in the manufacturing industries primarily drive the market. Improving living standard has been driving the growth of the personal care & cosmetic industry, which is expected to drive the natural fragrances market.
