Market Research Report
Global Natural Fragrance Market 2019-2023
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||905979|
|Published||Content info||121 Pages
Delivery time: 1-2 business days
|Global Natural Fragrance Market 2019-2023|
|Published: August 6, 2019||Content info: 121 Pages||
Natural fragrances are complex fragrance compounds made of ingredients obtained from plants. Technavio's natural fragrance market analysis considers sales from fine fragrance, household care, and personal care and cosmetics. Our analysis also considers the sales of natural fragrance in APAC, Europe, North America, South America, and MEA. 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. Also, our 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, health issues caused by synthetic fragrances. However, increasing restrictions regarding the use of products containing fragrance, the presence of counterfeit ingredients, stringent regulations may hamper the growth of the natural fragrance industry over the forecast period.
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.
For the detailed list of factors that will drive the global natural fragrance market during the forecast period 2019-2023, view our report.
With the presence of several major players, the global natural fragrance market is fragmented. Technavio's 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.
Also, the natural fragrance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.