Press release
Natural Fragrances Market Is Segmented Into Flower Based, Fruit Based, Spice, Wood and Musk
Fragrances refer to composite blend of synthetic and/or natural ingredients which are added to the product in order to provide a unique smell. Natural fragrances comprise of natural aromatic raw materials such as essential oils, fractions of essential oils, isolates, and exudates such as resins, distillates, extracts and volatile concentrates that are extracted from natural botanical sources. Natural fragrances are gaining traction with the increase in demand for personal care and other consumer products.
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Key Players:
The key players profiled in the natural fragrances market are Givaudan SA (Switzerland), Firmenich SA (Switzerland), Symrise AG (Germany), International Flavors and Fragrance (U.S.), Sensient Flavors and Fragrances (U.S.), Takasago International (Japan), and T.Hasegawa Co., Ltd (Japan)
Regional Analysis:
The Global Natural Fragrances Market is segmented into North America, Europe, Asia Pacific, and the rest of the world (RoW). Among these, Europe region is expected to retain its dominance throughout the forecast period of 2017-2023. The growth in Europe is attributed to the massive awareness of cosmetic products among the consumers. Also, the increasing marketing campaign in European countries is expected to upsurge the demand of natural fragrances product in the European countries during the forecast period of 2017-2023. North America is also estimated to account for more than one fourth of the market proportion in the global natural fragrances market. Among the North America, U.S. is estimated to account for the maximum market proportion in the global natural fragrances market. Asia Pacific region is projected to grow at a fast pace during the forecast period of 2017-2023.
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