The global natural fragrances market is being driven by the product’s increased demand from the food and beverages and cosmetics industries. In the emerging economies like the Asia Pacific, the Middle East and Africa, and Central and South America, the demand for the product is expected to witness a robust growth in the forecast period due to the growing health concern coupled with the positive health impact of natural fragrances on the senses and the rising disposable incomes in the region. Eastern Europe will grow alongside due to the rising consciousness of personal hygiene. The demand for menthol, a kind of fragrance, and the increased use of mint fragrances in the cosmetic industry is further driving the fragrances industry forward. The leading natural fragrances producing countries are India, producing 80% of menthol, followed by China, producing 40% vanillin and 45% of gum turpentine.
Download a free sample report with table of content – https://www.expertmarketresearch.com/request?type=report&flag=H&id=866
The rising demand for natural products over artificial ones, particularly from the personal care and cosmetics sector, is influencing the manufacturers to opt for natural items. In September 2019, International Flavors & Fragrances (NYSE: IFF), a key player in the industry and a leading innovator of fragrance, flavour, and nutrition, and its affiliate, IFF-Lucas Meyer Cosmetics (IFFLMC), completed the acquisition of Speximo AB, a Swedish technology company focused on developing next-generation stabilisation and encapsulation products for use in the production of sustainable personal care and cosmetic products with application in multiple commercial areas. In July 2019, another key player in the industry, Givaudan (SWX: GIVN), announced its plan to acquire Drom, a global perfume house, to further extend its leadership in the global fragrance market and fulfill the rising demand for the product. Such developments are expected to drive the growth of the natural fragrance industry during the forecast period.
Read full report with table of content – https://www.expertmarketresearch.com/reports/natural-fragrance-market
Natural Fragrance Market Breakup by Type:
Based on type, the natural fragrances industry can be divided into flowers, fruits, musk, wood, and spice, among other natural fragrances.
Fragrance Market Breakup by Application:
1 Soap and Detergents
2 Cosmetics and Toiletries
3 Fine Fragrances
4 Household Cleaners and Air Fresheners
The natural fragrances find their applications in soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among other sectors.
Market Breakup by Regions:
1 North America
2 Asia Pacific
4 Latin America
5 Middle East and Africa
Region-wise, the global natural fragrances market can be divided into North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.
Key Findings of the Report:
1 The growing demand for natural or organic products, with the rising health concern among consumers, is leading to the growth of the global natural fragrances industry.
2 The growing food and beverage and personal care sector are providing further impetus to the industry.
3 Increasing urbanisation and rising disposable incomes, leading to the increased per capita spending on grooming, particularly in the emerging economies, is further propelling the industry forward.
3 With rapidly advancing technology and diversification in products’ range, the industry is witnessing a further growth.
Key Offerings of the Report:
1 The EMR report gives an overview of the global natural fragrances market for the periods (2015-2019) and (2020-2025).
2 The report also offers historical (2015-2019) and forecast (2020-2025) information for the regional markets of natural fragrances.
3 It also provides an assessment of the market based on the Porter’s Five Forces model, along with a SWOT and value chain analysis.
4 A thorough assessment of the trade data has also been provided in the report, covering the value and volume of the major importing and exporting countries.
5 The report looks in-depth into the regional historical (2015-2019) and forecast (2020-2025) price trends of natural fragrances.
Competitive Landscape & Supplier Analysis:
1 Givaudan SA
2 Firmenich SA
3 International Flavors & Fragrances, Inc.
4 Symrise AG
5 Wild Flavors, Inc.
6 Takasago International Corp
7 Mane SA
The major players in the global natural fragrances market are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Symrise AG, Takasago International Corp, and Mane SA, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Expert Market Research
USA/Canada: +1-415-325-5166 | UK: +44-702-402-5790
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Address:138 Duane Street
City: New York City
Country: United States