Natural Fragrances Market Size, Growth Opportunity to Reach USD 20.8 Billion In 2024: Size, Share, Future Trends And Latest Research Report

Natural Fragrances Market Overview

The Global Natural Fragrances Market is expected to register a growth rate of 5.2% during the forecast period of 2019 to 2024 to reach USD 20.8 billion by 2024. 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.

Get Free Sample Copy of "Natural Fragrances Market" @ https://www.marketresearchfuture.com/sample_request/4463

Competitive Analysis

The Major Key Players in the Natural Fragrances Market are

Givaudan SA (Switzerland)
Symrise AG (Germany)
International Flavours and Fragrance (US)
Sensient Technologies Corporation (US)
Takasago International (Japan)
Hasegawa Co., Ltd (Japan)
Mane SA (France)
Ungerer and Company (US)
Akay Group Ltd. (UAE)
Natural Fragrance Company Ltd. (UK)
Global Natural Fragrances Market is highly concentrated in Europe. Asia Pacific has a massive potential for natural fragrances, as there is an increasing demand of cosmetic products along with the demand of various other personal care products.

Market Forecast

The global natural fragrances market is witnessing an impressive growth over the last few years due to the various reasons. One of the significant reasons for the increasing growth of natural fragrances is the high consumer awareness regarding chemicals and other synthetic products among the consumers. Also, the per capita disposable income of the consumers is anticipated to be the significant reasons for the rising demand of natural fragrances during the forecast period. At present, natural fragrances product is in the nascent stage. So, various new products are launched by the key players and various new sources are discovered by the key players in order to launch new product which is expected to fuel the demand of natural fragrances product in the upcoming decade. Moreover, the mounting growth of ecommerce industry both in developed and developing economies is expected to further stimulate the sales of natural fragrances during the forecast period of 2017-2023. Furthermore, various government in developed economies have started promoting natural or organic product in order to reduce the sales of synthetic product which is expected to further augment the sales of natural fragrances soon.

Downstream Analysis

Flower based segment is estimated to account for major market proportion in the global Natural Fragrances market in the year of 2017. However, fruit-based segment is expected to witness a maximum growth rate during the forecast period of 2017-2023 owing to the increasing consumer inclination towards the various fruits which include Mango, Guava, Peaches, Blueberries. The fruit-based fragrances are mainly used in the perfumes. Among the application, fine chemicals are expected to hold major market share in the natural fragrances market. Among the distribution channel, store-based segment is estimated to account for 70% market proportion in the global natural fragrances market in the year of 2017 and it is estimated to retain its dominance throughout the forecast period.

Access Report Details @ https://www.marketresearchfuture.com/reports/natural-fragrances-market-4463

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.

Contact
Market Research Future
Office No. 528, Amanora Chambers
Magarpatta Road, Hadapsar,
Pune - 411028
Maharashtra, India
+1 646 845 9312
Email: sales@marketresearchfuture.com

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

This release was published on openPR.