The global natural fragrance market report also looks at factors such as the launch of new products containing natural fragrance, increasing demand for natural fragrance in fine fragrances, and health issues caused by synthetic fragrances. However, increasing restrictions regarding the use of products containing fragrance, the presence of counterfeit ingredients, and stringent regulations may hamper the growth of the natural fragrance industry over the forecast period.
Natural fragrances are complex fragrance compounds made of ingredients obtained from plants. The natural fragrance market analysis considers sales from fine fragrance, household care, and personal care and cosmetics.
In 2018, the household care segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as increasing demand for natural scents among consumers will play a significant role in the household care segment to maintain its market position.
Global Natural Fragrance Market: Overview
Health issues caused by synthetic fragrances
One of the drivers of the global natural fragrance market is the increasing number of health issues caused by products containing synthetic fragrances. A majority of the ingredients used in synthetic fragrances are derived from petroleum products. The ingredients include benzene derivatives, aldehydes, and toluene and other known chemicals that are linked to cancer, congenital disabilities, central nervous system disorders, and allergic reactions in human beings. Thus, consumers are demanding products containing natural fragrances. These factors will lead to the expansion of the global natural fragrance market at a CAGR of over 8% during the forecast period.
The increasing trend of clean labeling of products will support the global natural fragrance market during the forecast period. The demand for clean labeled products is rising among consumers. Clean labeling ensures that a product is free from artificial preservatives and ingredients. It ensures that a product is made up of a few ingredients as possible, and the ingredients are items that consumers recognize and think of as wholesome.
Producers are clean labeling their products to strengthen their market presence and increase sales. Vendors are using clean, labeled essential oil for producing natural fragrance. This development is expected to have a positive impact on the overall market growth.
With the presence of several major players, the global natural fragrance market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading natural fragrance manufacturers, that include Firmenich SA, Givaudan International SA, International Flavors & Fragrances Inc., Symrise AG, and Takasago International Corp.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Household care - Market size and forecast 2018-2023
- Personal care and cosmetics - Market size and forecast 2018-2023
- Fine fragrances - Market size and forecast 2018-2023
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing online sales of products containing natural fragrance
- Clean labeling
- Increasing prevalence of fragrance allergies among consumers
PART 12: VENDOR LANDSCAPE
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Firmenich SA
- Givaudan International SA
- International Flavors & Fragrances Inc.
- Symrise AG
- Takasago International Corp.
For more information about this report visit https://www.researchandmarkets.com/r/diae5q