Global Natural Fragrance Market Report and Forecast 2023-2028
Market Report I 2023-10-19 I 186 Pages I EMR Inc.
Global Natural Fragrance Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global natural fragrance market reached a value of USD 26.67 billion in 2022. Aided by the rising consumer inclination towards eco-friendly and chemical-free products, coupled with the expanding applications of natural fragrances in diverse sectors, the market is projected to further grow at a CAGR of 4.6% between 2023 and 2028 to reach a value of USD 34.93 billion by 2028.
Natural fragrances are extracts derived directly from flowers, spices, fruits, and resins. Unlike their synthetic counterparts, which are concocted from chemical compounds, natural fragrances are perceived as more authentic, organic, and benign. They hold a revered spot in personal care, perfumes, detergents, and an array of other sectors. Aside from their aromatic prowess, these fragrances also carry therapeutic properties, used traditionally in practices like aromatherapy and holistic wellness. Their innate organic nature is a huge draw for eco-conscious consumers, reflecting a tilt towards green consumerism.
The escalation in demand for natural and organic beauty products is a seminal force driving the global natural fragrance market growth. Modern consumers, empowered by the digital age's knowledge dissemination, have become discerning about ingredient lists, showing a marked preference for products devoid of parabens, sulphates, and other synthetic additives. Natural fragrances, with their organic extraction processes, cater perfectly to this discernment, further propelled by endorsements from celebrities and influencers who champion clean beauty.
According to the natural fragrance market analysis, the trend of 'wellness from within' has led to a surge in the popularity of aromatherapy, wherein essential oils with natural fragrances play a pivotal role. These fragrances, when inhaled, are believed to stimulate functions of the brain, thereby influencing physical, emotional, and mental health. The lavender fragrance, for instance, is associated with relaxation and sleep improvement. This therapeutic association of natural fragrances has opened up new avenues of demand, particularly in regions with increased stress levels and mental health concerns.
Moreover, sustainability, a buzzword of the modern age, has significant implications for the natural fragrance market. As consumers become progressively eco-conscious, there's a drift towards products that are not only good for the individual but also for the planet. Natural fragrances, often sourced sustainably and with ethical practices, fit this mould perfectly, and their biodegradability further augments their market appeal.
The natural fragrance market outlook is influenced by innovations. Advancements in extraction technologies, combined with research into mixology, are creating natural fragrances that can rival synthetic ones in intensity and longevity. Moreover, brand narratives built around ethical sourcing, artisanal production, and sustainable practices are striking a chord with the millennial and Gen Z demographics, ensuring a sustained market interest.
Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Flowers
- Fruits
- Musk
- Wood
- Spice
- Others
Market Breakup by Application
- Soap and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Household Cleaners and Air Fresheners
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global natural fragrance market. Some of the major players explored in the report by Expert Market Research are as follows:
- Givaudan SA
- Firmenich SA
- International Flavors & Fragrances, Inc.
- Symrise AG
- Wild Flavors, Inc.
- Takasago International Corp.
- Mane SA
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Fragrance Market Analysis
8.1 Key Industry Highlights
8.2 Global Fragrance Historical Market (2018-2022)
8.3 Global Fragrance Market Forecast (2023-2028)
8.4 Global Fragrance Market Breakup by Application
8.4.1 Soap and Detergents
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cosmetics and Toiletries
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Fine Fragrances
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Household Cleaners and Air Fresheners
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Natural Fragrance Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Global Natural Fragrance Market Analysis
9.1 Key Industry Highlights
9.2 Global Natural Fragrance Historical Market (2018-2022)
9.3 Global Natural Fragrance Market Forecast (2023-2028)
9.4 Global Natural Fragrance Market by Type
9.4.1 Flowers
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Fruits
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Musk
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.4.4 Wood
9.4.4.1 Market Share
9.4.4.2 Historical Trend (2018-2022)
9.4.4.3 Forecast Trend (2023-2028)
9.4.5 Spice
9.4.5.1 Market Share
9.4.5.2 Historical Trend (2018-2022)
9.4.5.3 Forecast Trend (2023-2028)
9.4.6 Others
9.5 Global Natural Fragrance Market by Application
9.5.1 Soap and Detergents
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Cosmetics and Toiletries
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Fine Fragrances
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Household Cleaners and Air Fresheners
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2022)
9.5.4.3 Forecast Trend (2023-2028)
9.5.5 Others
9.6 Global Natural Fragrance Market by Region
9.6.1 Market Share
9.6.1.1 North America
9.6.1.2 Europe
9.6.1.3 Asia Pacific
9.6.1.4 Latin America
9.6.1.5 Middle East and Africa
10 Regional Analysis
10.1 North America
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.1.3 Breakup by Country
10.1.3.1 United States of America
10.1.3.2 Canada
10.2 Europe
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.2.3 Breakup by Country
10.2.3.1 United Kingdom
10.2.3.2 Germany
10.2.3.3 France
10.2.3.4 Italy
10.2.3.5 Others
10.3 Asia Pacific
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.3.3 Breakup by Country
10.3.3.1 China
10.3.3.2 Japan
10.3.3.3 India
10.3.3.4 ASEAN
10.3.3.5 Australia
10.3.3.6 Others
10.4 Latin America
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.4.3 Breakup by Country
10.4.3.1 Brazil
10.4.3.2 Argentina
10.4.3.3 Mexico
10.4.3.4 Others
10.5 Middle East and Africa
10.5.1 Historical Trend (2018-2022)
10.5.2 Forecast Trend (2023-2028)
10.5.3 Breakup by Country
10.5.3.1 Saudi Arabia
10.5.3.2 United Arab Emirates
10.5.3.3 Nigeria
10.5.3.4 South Africa
10.5.3.5 Others
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Trade Data Analysis (HS Code - 290611, 291241)
12.1 Major Importing Countries
12.1.1 By Value
12.1.2 By Volume
12.2 Major Exporting Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Givaudan SA
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Firmenich SA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 International Flavors & Fragrances, Inc.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Symrise AG
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Wild Flavors, Inc.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Takasago International Corp.
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Mane SA
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Natural Fragrance Market: Key Industry Highlights, 2018 and 2028
2. Global Natural Fragrance Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Natural Fragrance Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Natural Fragrance Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Natural Fragrance Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Natural Fragrance Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Natural Fragrance Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Natural Fragrance Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Natural Fragrance Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Major Exporting Countries by Value
19. Major Importing Countries by Value
20. Major Exporting Countries by Volume
21. Major Importing Countries by Volume
22. Global Natural Fragrance Market Structure
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