Natural Fragrance Market Industry News, Applications and Trends 2030

Market Overview
Natural Fragrance Market is estimated to reach a CAGR of 7.2% during the forecast period (2022-2029).

Natural fragrances are fragrances typically derived from all-natural plant-based sources. A fragrance is a product of essential oils, plant-based extracts, and other natural aroma-producing ingredients. Various flowers, fruits, wood, and spices are used to produce natural fragrances.

The natural sources are processed to obtain the scent oils and concentrates. Various oils and scents are blended to achieve the required scent notes. Natural fragrances have wide applications across a diverse range of industry verticals. Food and beverages, cosmetics, and personal and household care products are some of the major industries utilizing natural fragrances in manufacturing their products.

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Market Dynamic
High costs and limited production of natural fragrances

Natural fragrances are derived from entirely natural sources such as flowers, fruits, vegetables, wood, and spices. The sourcing occurs globally from different countries since many sources are unique to a particular region. Furthermore, fragrance extraction from sources is long and laborious with many intermediate processes. A large amount of raw material must be processed to obtain sizeable quantities of fragrance concentrate.

The harvest of natural sources such as fruits, flowers, wood, and spices is affected by various factors, including crop diseases, abnormal weather changes, and natural disasters. A drop in harvest invariably leads to lower fragrance production and higher prices. The limited production of natural fragrances makes it difficult for companies to expand their portfolio of naturally fragranced products.

Due to their premium nature, products utilizing natural fragrances are priced at the higher end of the market. Due to the premium nature and high prices of the products utilizing natural fragrances, it is out of reach for most consumers. The high cost and limited natural fragrance production are key challenges to the growth of the global market.

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Market Segmentation
By Type
• Essential Oils
• Natural Extracts
By Source
• Flower Based
• Fruit Based
• Spices
• Wood
By Application
• Cosmetics
• Food and Beverage
• Personal Care
• Household Care

Competitive Landscape
The global natural fragrance market is competitive due to the availability of a wide range of natural fragrances that cater to different end-use applications. 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. The major players in the market adopt several growth strategies such as formulating and patenting new fragrances, researching new sources, collaborations, and joint ventures to contribute to growth in the industry.

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