Natural Fragrance Market Size Outlook Analysis 2022-2029

The Natural Fragrance Market is expected to grow at a CAGR of 7.2% during the forecast period 2022-2029. North America region has the highest market share in the Natural Fragrance Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

Artificial fragrances that mimic the scent profile of natural sources are used by businesses. As a result of their low cost of production on an industrial scale, artificial fragrances maintain their low prices for consumers. However, many of these fragrances may be toxic to humans, and prolonged use may result in a variety of health issues. Phthalates, which are known to be endocrine disruptors, are a common ingredient in fragrances based on chemicals.

Chemical-based fragrances that are known to be carcinogenic also contain styrene and benzophenone. Due to the widespread dissemination of information regarding the adverse long-term effects of artificial fragrances and additives that are currently used in a variety of consumer goods, consumers around the world have become more health-conscious in recent years. Companies have been forced to adopt fragrances derived from all-natural sources due to growing concerns regarding the negative effects of various scents and fragrances that are based on chemicals. To avoid the numerous negative effects of chemical-based fragrances over the long term, consumers are willing to pay higher prices. The global natural fragrance market will be fueled in large part by consumers' rising health consciousness.

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Market Segmentation:

By Type:
• Essential Oils
• Natural Extracts

By Source:
• Flower Based
• Fruit Based
• Spices
• Wood
• Others

By Application:
• Cosmetics
• Food and Beverage
• Personal Care
• Household Care
• Others

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

Givaudan, Firmenich SA, International Flavors & Fragrances Inc., Symrise, Takasago International Corporation, MANE, Robertet Group, and Sensient Technologies are major players contributing to growth in the market Corporation, T. Hasegawa Co., Ltd and Bell Flavors & Fragrances.

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This release was published on openPR.