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Pulished Date June, 2020
ID: 9647
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Natural Fragrance Market - By Ingredients (Essential Oils, Natural Extracts), By Application (Fine Fragrances, Personal Care & Cosmetics, Household Care) & By Region (Europe, North America, APAC, South America, Middle East & Africa) – Industry Analysis on Size, Share, Trends, Growth, Insights & Forecast | 2020 - 2025

Pulished: June, 2020
ID: 9647
Pages: 175

Natural Fragrances Market Size, Trends & Forecast (2020 - 2025)

The global Natural Fragrances Market is predicted to grow at a compound annual growth rate of about 5% between 2020 and 2025 to reach USD 39 billion.

The rising applications of natural fragrance ingredients in fine fragrances, personal care & cosmetics, and household products are primarily accelerating this business growth. Globally, Europe accounted for a substantial portion of the natural fragrances business.

The global natural fragrance market is promoted by the increasing manufacturing in the processed foods sector, rising interest for natural products, and the growing per capita spending in the emerging economies. The global market is also supported by the healthy growth of the flavors and fragrances industry.

Driving Factors in the Natural Fragrances Market

The natural fragrance market is estimated to grow during the forecast period owing to the rising demand for natural products in the food & beverage industry. The changing consumer lifestyle and food preferences are acting as a contributing factor to promoting the global market. However, the high cost involved in the production and research and development is acting as restraints in the international marketplace.

The health issues caused by synthetic fragrances are another factor promoting the business of natural fragrances as these ingredients are derived from petroleum products. Thus, consumers are demanding products containing natural components. These factors will lead to the expansion of the global natural fragrance market during the forecast period at a notable compound annual growth rate.

Opportunities in the Natural Fragrances Market

Emerging economies like China, Argentina, Brazil, and Japan are offering several growth opportunities for the expansion of the global natural fragrance market. Also, the growing need for natural products globally and increasing scope in various applications are determined to offer immense opportunity for the business market players in the following years. 

Recent Developments

  • In April 2018 in Colombia, Mane SA opened a new manufacturing facility to become stronger in natural fragrances markets.
  • In January 2018, Takasago International Pte. Ltd., begun a new office in Pakistan. This unit will help the company increase its market presence in Pakistan.

  • In October 2017, Givaudan opened a new fragrance creative center in Mexico. The new center will help the company support its natural fragrance business growth in North America.

  • In October 2017, IFF opened a fragrance ingredients facility in China. The expansion helped the company to become stronger in the country.

  • In June 2017, Symrise initiated a new fragrance manufacturing unit in Mumbai to improve its footprint in the APAC.

Natural Fragrance Market is segmented into the following categories as per the research report until 2025.

Natural Fragrances Market - By Ingredients

  • Essential Oils
  • Natural Extracts

Based on the ingredients, the natural fragrance market has been divided into essential oils and natural extracts. The essential oils segment is determined to expand over the envisioned period, resulting in the expansion of the global natural fragrance market. The rising consumer awareness related to health hazards due to the adoption of synthetic products is promoting a surge in the call for natural & organic products.

Natural Fragrances Market - By Application

  • Fine Fragrances
  • Personal Care & Cosmetics
  • Household Care

The fine fragrances segment is estimated during the forecast period to dominate the natural fragrance market by value. The driving factor for the demand in fine fragrance is its applications in perfumes, colognes, and deodorants.

Natural Fragrance Market – By Region

  • Europe

  • North America

  • APAC

  • South America

  • Middle East & Arica 

Europe is estimated during the anticipated period to account for the substantial market share in natural fragrances. The presence of various natural fragrance players, with a positive impact the market is promoting the business growth in this locale. In addition, fine fragrances, personal care & cosmetics, and household care applications in this region are increasing the call for natural fragrances among consumers.

Natural Fragrance Market - Competitive Landscape

Givaudan is developing its mold release agents business by launching new products, more extensive investments in its R&D capabilities, and obtaining smaller companies. Givaudan completed the purchase of Albert Vieille, a natural ingredients provider for the fragrance and aromatherapy industry that is based in France.  It also purchased the Nutrition Division of Centroflora, a maker of botanical extracts and dehydrated fruits used in the food, beverage, and consumer goods businesses. The asset or object bought will help the company make or become stronger in its global offering of natural extract and increase its presence in Brazil.

International Flavors & Fragrances focused on becoming a larger or more extensive and comprehensive, integrated plan developed as part of acquisition for the company for the growth of the natural fragrance business. The company had obtained Frutarom, which is one of the leading manufacturers of flavors & fragrances. This will strengthen the company’s product portfolio and will help the company to make larger or more extensive by the customer base globally.

Major companies profiled in the report of Natural Fragrance Market are,

  1. Givaudan SA (Switzerland),

  2. Firmenich SA (Switzerland),

  3. International Flavors & Fragrances (US),

  4. Symrise AG (Germany),

  5. Takasago International Corporation (Japan),

  6. Mane SA (France),

  7. Robertet SA (France),

  8. Sensient Technologies Corporation (US),

  9. T. Hasegawa Co., Ltd. (Japan),

  10. Bell Flavors & Fragrances (US).

1. Introduction                             

              1.1 Market Definition                  

              1.2 Scope of the report               

              1.3 Study Assumptions               

              1.4 Base Currency, Base Year and Forecast Periods                        

2. Research Methodology                                       

              2.1 Analysis Design                      

              2.2 Research Phases                    

                             2.2.1 Secondary Research          

                             2.2.2 Primary Research 

                             2.2.3 Data Modelling     

                             2.2.4 Expert Validation 

              2.3 Study Timeline                       

3. Report Overview                                    

              3.1 Executive Summary               

              3.2 Key Inferencees                     

4. Market Dynamics                                   

              4.1 Impact Analysis                      

                             4.1.1 Drivers     

                             4.1.2 Restaints 

                             4.1.3 Opportunities       

              4.2 Regulatory Environment                     

              4.3 Technology Timeline & Recent Trends                         

5. Competitor Benchmarking Analysis                                

              5.1 Key Player Benchmarking                   

                             5.1.1 Market share analysis       

                             5.1.2 Products/Service  

                             5.1.3 Regional Presence

              5.2 Mergers & Acquistion Landscape                    

              5.3 Joint Ventures & Collaborations                     

6. Market Segmentation                                          

              6.1 Natural Fragrance Market, By Ingredients                   

                             6.1.1 Essential Oils         

                             6.1.2 Natural Extracts   

                             6.1.3 Market Size Estimations & Forecasts (2019-2024)  

                             6.1.4 Y-o-Y Growth Rate Analysis            

                             6.1.5 Market Attractiveness Index          

              6.2 Natural Fragrance Market, By Application                   

                             6.2.1 Fine Fragrances    

                             6.2.2 Personal Care & Cosmetics             

                             6.2.3 Household Care   

                             6.2.4 Market Size Estimations & Forecasts (2019-2024)  

                             6.2.5 Y-o-Y Growth Rate Analysis            

                             6.2.6 Market Attractiveness Index          

7. Geographical Landscape                                     

              7.1 Global Identity Governance and Administration Market, by Region               

              7.2 North America - Market Analysis (2018 - 2024)                         

                             7.2.1 By Country            



                             7.2.2 By Ingredients      

                             7.2.3 By Application      

              7.3 Europe                      

                             7.3.1 By Country            






                                  Rest of Europe

                             7.3.2 By Ingredients      

                             7.3.3 By Application      

              7.4 Asia Pacific                

                             7.4.1 By Country            




                                  South Korea

                                  South East Asia

                                  Australia & NZ

                                  Rest of Asia-Pacific

                             7.4.2 By Ingredients      

                             7.4.3 By Application      

              7.5 Latin America                         

                             7.5.1 By Country            




                                  Rest of Latin America

                             7.5.2 By Ingredients      

                             7.5.3 By Application      

              7.6 Middle East and Africa                        

                             7.6.1 By Country            

                                  Middle East


                             7.6.2 By Ingredients      

                             7.6.3 By Application      

8. Key Player Analysis                                

              8.1 Givaudan SA                           

                             8.1.1 Business Description         

                             8.1.2 Products/Service  

                             8.1.3 Financials

                             8.1.4 SWOT Analysis     

                             8.1.5 Recent Developments       

                             8.1.6 Analyst Overview 

              8.2 Firmenich SA                           

              8.3 International Flavors & Fragrances, Inc.                       

              8.4 Symrise AG               

              8.5 Wild Flavors, Inc.                   

              8.6 Takasago International Corp              

              8.7 Mane SA                    

              8.8 Robertet SA              

              8.9 Sensient Technologies Corporation                

              8.10 Bell Flavors & Fragrances                 

9. Market Outlook & Investment Opportunities                              


              List of Tables                   

              List of Figures                 

  • Global, regional, and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • The segment-level analysis in terms of ingredients, application and region along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographics, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development

  • A comprehensive list of key market players along with with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. Global Natural Fragrance Market By Region, From 2020-2025 ( USD Billion )

  2. Global Natural Fragrance Market By Ingredients, From 2020-2025 ( USD Billion )

  3. Global Essential Oils Market By Region, From 2020-2025 ( USD Billion )

  4. Global Natural Extracts Market By Region, From 2020-2025 ( USD Billion )

  5. Global Natural Fragrance Market By Application, From 2020-2025 ( USD Billion )

  6. Global Fine Fragrances Market By Region, From 2020-2025 ( USD Billion )

  7. Global Personal Care & Cosmetics Market By Region, From 2020-2025 ( USD Billion )

  8. Global Household Care Market By Region, From 2020-2025 ( USD Billion )

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