NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global natural fragrance market size is estimated to increase by USD 1.59 billion from 2021 to 2026. However, the market's growth momentum will decelerate at a CAGR of 8.59% during the forecast period - Request a sample report
Vendor offerings -
- Bell Flavors and Fragrances Inc. - The company offers natural fragrances such as ActivNaturals, and MicroCreation among others.
- Carrubba Inc. - The company offers natural fragrance with no synthetic chemicals, more mass appeal and greater flexibility.
- Firmenich SA - The company offers natural fragrances for air care, home care, personal care, industries and institution.
- Givaudan SA - The company offers natural fragrances for fine fragrances, active beauty, and other consumer products.
- For details on vendors and their offerings – Buy the report!
Vendor landscape –
The global natural fragrance market is fragmented, with the presence of leading global, regional, and local or domestic players. A few prominent vendors that offer natural fragrance in the market are Bell Flavors and Fragrances Inc., Carrubba Inc., Firmenich SA, Givaudan SA, International Flavors and Fragrances Inc., Malee Natural Science Ltd., Robertet SA, Sensient Technologies Corp., Symrise AG, and Takasago International Corp. and others.
The global natural fragrance market is at its growing stage. This statistical study of the natural fragrance market encompasses successful business strategies deployed by the key vendors. The natural fragrance market is fragmented and the vendors are deploying growth strategies such as price and quality to compete in the market.
To help companies evaluate and develop growth strategies, the report outlines –
- Key purchase criteria
- Adoption rates
- Adoption lifecycle
- Drivers of price sensitivity
Segment overview
Technavio has segmented the market based on application (household care, personal care and cosmetics, and fine fragrances)
- The household care segment will grow at a significant rate during the forecast period. Household care products include room fresheners, detergents, fabric softeners, room sprays, and scented candles. Vendors operating in the market are introducing new products with natural fragrances. Thus, the increasing demand for natural scents among consumers is driving the use of natural fragrances in household care products.
Geography overview
By geography, the global natural fragrance market is segmented into Europe, North America, APAC, South America, and MEA. The report provides actionable insights and estimates the contribution of all regions to the growth of the global natural fragrance market.
- Europe will account for 32% of the market's growth during the forecast period. Consumers are increasingly demanding personal care products, such as perfumes, colognes, and soaps, which contain natural fragrances. Consumers are becoming aware of the health complications of using products containing synthetic fragrances and are focusing on reducing their use of such products. This will increase the demand for products containing natural fragrances and support the growth of the natural fragrance market in Europe during the forecast period.
Leading drivers - The launch of new products containing natural products is one of the key drivers supporting the natural fragrance market growth. The harmful effects of synthetic fragrances on the skin and overall human health are increasing the demand for natural fragrances in fine fragrance products among consumers. A majority of the ingredients used in synthetic fragrances are derived from petroleum products. The ingredients include benzene derivatives, aldehydes, toluene, and other known chemicals that are linked to cancer, congenital disabilities, central nervous system disorders, and allergic reactions in human beings. Thus, health issues caused by products in synthetic fragrances can support the growth of the global natural fragrance market during the forecast period.
Key trends - Increasing online sales of products containing natural fragrances is another factor supporting the natural fragrance market growth. With the help of online retail stores, vendors can offer natural fragrances and attract the internet-savvy customer segment. Online platforms help them avoid huge investment costs in physical stores. The benefits offered by online stores may encourage more vendors to offer their products through online channels during the forecast period. Thus, the growing emphasis on the online retailing of products containing natural fragrances may increase sales through online channels and influence the global natural fragrance market during the forecast period.
Major challenges - The increasing restrictions regarding the use of products containing fragrances are hindering the natural fragrance market growth. The number of people suffering from fragrance allergies is increasing, and various offices and other public places have banned the use of products containing fragrances. For instance, Lake Washington Christian Church (LWCC), US, discourages people visiting the church from using perfume/cologne, aftershave, scented lotion, and body powder inside the building as a first step toward achieving a fragrance-free environment. Thus, restrictions on the use of products containing fragrances (including natural fragrances) in public places and campaigns against the use of fragrances use can hamper the growth of the natural fragrance market in focus during the forecast period.
What are the key data covered in this natural fragrance market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the natural fragrance market between 2021 and 2025
- Precise estimation of the size of the natural fragrance market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the natural fragrance market industry across Europe, North America, APAC, South America, and MEA
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of natural fragrance market vendors
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The fragrance ingredients market is estimated to grow at a CAGR of 4.8% between 2022 and 2027. The size of the market is forecast to increase by USD 3,839.31 million. This report extensively covers market segmentation by application (personal care, fabric care, hair care, and others), type (essential oils and aroma chemicals), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The home fragrances market share is expected to increase by USD 2.22 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 4.88%. Furthermore, this report extensively covers home fragrances market segmentation by distribution channel (offline and online) and geography (Europe, North America, APAC, MEA, and South America).
Natural Fragrance Market Scope
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 8.59% |
Market growth 2021-2025 |
USD 1.59 billion |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
9.72 |
Regional analysis |
Europe, North America, APAC, South America, and MEA |
Performing market contribution |
Europe at 32% |
Key countries |
US, UK, France, Germany, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Bell Flavors and Fragrances Inc., Carrubba Inc., Firmenich SA, Givaudan SA, International Flavors and Fragrances Inc., Malee Natural Science Ltd., Robertet SA, Sensient Technologies Corp., Symrise AG, and Takasago International Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Browse for Technavio's consumer discretionary market reports
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
2.2: Market Characteristics
Exhibit 02: Market Characteristics
2.2 Value chain analysis
Exhibit 03: Value Chain Analysis: Apparel, accessories and luxury goods
2.2.1 Inputs
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Outbound logistics
2.2.5 Marketing and sales
2.2.6 Service
2.2.7 Support activities
2.2.8 Innovation
3. Market Sizing
3.1 Market definition
Exhibit 04: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 05: Market segments
3.3 Market size 2020
3.4 Market outlook: Forecast for 2020 - 2025
Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 08: Five forces analysis 2020 & 2025
4.2 Bargaining power of buyers
Exhibit 09: Bargaining power of buyers
4.3 Bargaining power of suppliers
Exhibit 10: Bargaining power of suppliers
4.4 Threat of new entrants
Exhibit 11: Threat of new entrants
4.5 Threat of substitutes
Exhibit 12: Threat of substitutes
4.6 Threat of rivalry
Exhibit 13: Threat of rivalry
4.7 Market condition
Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Application
5.1 Market segments
The segments covered in this chapter are:
- Household care
- Personal care and cosmetics
- Fine fragrances
Exhibit 15: Application - Market share 2020-2025 (%)
5.2 Comparison by Application
Exhibit 16: Comparison by Application
5.3 Household care - Market size and forecast 2020-2025
Exhibit 17: Household care - Market size and forecast 2020-2025 ($ million)
Exhibit 18: Household care - Year-over-year growth 2020-2025 (%)
5.4 Personal care and cosmetics - Market size and forecast 2020-2025
Exhibit 19: Personal care and cosmetics - Market size and forecast 2020-2025 ($ million)
Exhibit 20: Personal care and cosmetics - Year-over-year growth 2020-2025 (%)
5.5 Fine fragrances - Market size and forecast 2020-2025
Exhibit 21: Fine fragrances - Market size and forecast 2020-2025 ($ million)
Exhibit 22: Fine fragrances - Year-over-year growth 2020-2025 (%)
5.6 Market opportunity by Application
Exhibit 23: Market opportunity by Application
6 Customer landscape
Exhibit 24: Customer landscape
7 Geographic Landscape
7.1 Geographic segmentation
Exhibit 25: Market share by geography 2020-2025 (%)
7.2 Geographic comparison
Exhibit 26: Geographic comparison
7.3 Europe - Market size and forecast 2020-2025
Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
7.4 North America - Market size and forecast 2020-2025
Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
7.5 APAC - Market size and forecast 2020-2025
Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
7.6 South America - Market size and forecast 2020-2025
Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
7.7 MEA - Market size and forecast 2020-2025
Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
7.8 Key leading countries
Exhibit 37: Key leading countries
7.9 Market opportunity by geography
Exhibit 38: Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.1.1 Launch of new products containing natural fragrance
8.1.2 Increasing demand for natural fragrance in fine fragrances
8.1.3 Health issues caused by synthetic fragrances
8.2 Market challenges
8.2.1 Increasing restrictions regarding the use of products containing fragrance
8.2.2 Presence of counterfeit ingredients
8.2.3 Stringent regulations
Exhibit 39: Impact of drivers and challenges
8.3 Market trends
8.3.1 Increasing online sales of products containing natural fragrance
8.3.2 Clean labeling
8.3.3 Increasing consumer awareness about the harmful effects of synthetic chemicals
9. Vendor Landscape
10.1 Competitive scenario
10.2 Vendor landscape
Exhibit 40: Vendor Landscape
10.3 Landscape disruption
Exhibit 41: Landscape disruption
10.4 Industry risks
Exhibit 42: Industry risks
11. Vendor Analysis
11.1 Vendors covered
Exhibit 43: Vendors covered
10.2 Market positioning of vendors
Exhibit 44: Market positioning of vendors
10.3 Bell Flavors and Fragrances Inc.
Exhibit 45: Bell Flavors and Fragrances Inc. - Overview
Exhibit 46: Bell Flavors and Fragrances Inc. - Product and service
Exhibit 47: Bell Flavors and Fragrances Inc. - Key offerings
10.4 Carrubba Inc.
Exhibit 48: Carrubba Inc. - Overview
Exhibit 49: Carrubba Inc. - Product and service
Exhibit 50: Carrubba Inc. - Key offerings
10.5 Firmenich SA
Exhibit 51: Firmenich SA - Overview
Exhibit 52: Firmenich SA - Product and service
Exhibit 53: Firmenich SA - Key offerings
10.6 Givaudan SA
Exhibit 54: Givaudan SA - Overview
Exhibit 55: Givaudan SA - Business segments
Exhibit 56: Givaudan SA – Key news
Exhibit 57: Givaudan SA - Key offerings
Exhibit 58: Givaudan SA - Segment focus
10.7 International Flavors and Fragrances Inc.
Exhibit 59: International Flavors and Fragrances Inc. - Overview
Exhibit 60: International Flavors and Fragrances Inc. - Business segments
Exhibit 61: International Flavors and Fragrances Inc. - Key news
Exhibit 62: International Flavors and Fragrances Inc. - Key offerings
Exhibit 63: International Flavors and Fragrances Inc. - Segment focus
10.8 Malee Natural Science Ltd.
Exhibit 64: Malee Natural Science Ltd. - Overview
Exhibit 65: Malee Natural Science Ltd. - Product and service
Exhibit 66: Malee Natural Science Ltd. - Key offerings
10.9 Robertet SA
Exhibit 67: Robertet SA - Overview
Exhibit 68: Robertet SA - Business segments
Exhibit 69: Robertet SA - Key offerings
Exhibit 70: Robertet SA - Segment focus
10.10 Sensient Technologies Corp.
Exhibit 71: Sensient Technologies Corp. - Overview
Exhibit 72: Sensient Technologies Corp. - Business segments
Exhibit 73: Sensient Technologies Corp. - Key offerings
Exhibit 74: Sensient Technologies Corp. - Segment focus
10.11 Symrise AG
Exhibit 75: Symrise AG - Overview
Exhibit 76: Symrise AG - Business segments
Exhibit 77: Symrise AG - Key offerings
Exhibit 78: Symrise AG - Segment focus
10.12 Takasago International Corp.
Exhibit 79: Takasago International Corp. - Overview
Exhibit 80: Takasago International Corp. - Business segments
Exhibit 81: Takasago International Corp. - Key offerings
Exhibit 82: Takasago International Corp. - Segment focus
12. Appendix
12.1 Scope of the report
12.1.1 Market Definition
12.1.2 Objectives
12.1.3 Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 82: ?Currency conversion rates for US$?
12.3 Research Methodology
Exhibit 83: Research Methodology
Exhibit 84: Validation techniques employed for market sizing?
Exhibit 85: Information sources
12.4 List of abbreviations
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