According to MarketIntelReports “Natural Fragrance Ingredients Market -By Type (Essential Oils, Isolates); By Application (Fabric Fresheners, Natural Perfumes and Colognes, Soap & Detergents); By Form (Liquid, Powder, Crystalline) & Geography- Forecast (2016-2021)”:
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Natural fragrance ingredients are chosen by consumers for healthier lifestyles due to the rising health consciousness. They are natural and synthetic substances which are added to the products to give them a distinctive smell. The adult and elderly population is opting for fragrance ingredients. They are used in products such as cosmetics, soaps, toiletries, and detergents. The demand for the natural fragrance is driven by manufacturers who choose natural ingredients over synthetic ingredients which have allergy and toxin risks.
Scope & Regional Forecast of the Natural Fragrance Ingredients Market
The Natural Fragrance Ingredients Market is boosted by the rapid pace of urbanization and globalization. The growing demand for cosmetics has created many opportunities for all natural fragrance products. These ingredients are widely being used in creams, soaps, lotions, deodorants, car air fresheners, and many other products. The Natural Fragrance Ingredients Market is also seeing a rise due to the growing demand for natural skin care skincare since the synthetic products are harmful to the body and environment.
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The Natural Fragrance Ingredients Market is also influenced by the rising standard of living over the past few years. E.g. the demand for household care products has grown significantly and is expected to rise in the coming years due to the emerging economies. The disposable income and emergence of the middle class has generated a demand for the natural body fragrance products. The manufacturers are developing sustainable measures to have a continued supply of natural fragrance ingredients.
The Natural Fragrance Ingredients Market was dominated by Europe in 2013, followed by North America. Asia Pacific is expected to show a good growth due to the growing number of manufacturing industries and the improved standard of living in the region.
Segmentations & Key Players Involved in the Natural Fragrance Ingredients Market
The Natural Fragrance Ingredients Market can be broken down into various segments as follows:
- Application- Fabric fresheners, soaps & detergents, natural perfumes and colognes.
- Region- North America, Europe, APAC, and Rest of the World (RoW).
Some of the key players involved in the Natural Fragrance Ingredients Market are as follows:
- Givaudan (Switzerland)
- Firmenich SA (Switzerland)
- International Flavors & Fragrances (U.S.)
- Symrise (Germany)
- Takasago International Corporation (U.S.).
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