India Natural Fragrance Ingredients Market to Reach USD 13.42 Billion by 2030, Growing at a CAGR of 9.8%

𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧 𝐈𝐧𝐝𝐢𝐚 𝐔𝐧𝐯𝐞𝐢𝐥𝐢𝐧𝐠 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬

The global natural fragrance ingredients market is witnessing exponential growth, driven by increased consumer demand for sustainable, eco-friendly, and health-conscious products. In India, this market is set to witness robust growth, projected at a Compound Annual Growth Rate (CAGR) of 7.5% from 2024 to 2030, according to the latest insights from Maximize Market Research.

The market for natural fragrance ingredients is experiencing significant momentum, fueled by rising awareness of natural products and an increasing preference for organic and plant-based fragrances in personal care, cosmetics, and household products. This surge is transforming India's fragrance sector into one of the fastest-growing in Asia, especially with an increasing number of domestic and international players investing in India's market.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/21796/

𝐈𝐧𝐝𝐢𝐚'𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞 𝐚𝐧𝐝 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐮𝐭𝐥𝐨𝐨𝐤

India's natural fragrance ingredients market is currently valued at approximately USD 1.6 billion and is expected to continue expanding rapidly. The growth of the fragrance industry is largely attributed to the growing consumption of essential oils, plant-based fragrances, and the rising popularity of organic and natural products across diverse sectors.

This growth trend is also supported by evolving consumer preferences for products free from synthetic chemicals, as well as the emergence of eco-conscious brands. Additionally, India's rising disposable income, particularly among its younger generation, is contributing to the demand for premium natural fragrances in cosmetics, perfumes, and household care.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is becoming a key player in the natural fragrance ingredients market, with the demand for organic, plant-based, and sustainable products gaining traction. The Vietnamese fragrance market is projected to grow at a CAGR of 6.8% over the next 5 years.

The demand for natural fragrance ingredients, including essential oils, is driven by the increasing use of fragrance in cosmetics, toiletries, and home care products. The government's initiatives to support sustainable agricultural practices are also boosting local production of natural plant-based ingredients.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

In recent years, Vietnamese producers have ramped up efforts to export natural fragrance ingredients, particularly to Europe and North America.
Mergers between local farmers' cooperatives and fragrance manufacturers have helped improve the supply chain and production quality.

𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand is experiencing a burgeoning demand for natural fragrance ingredients, thanks to its strong agricultural heritage and growing consumer preference for organic and natural products. The Thai natural fragrance ingredients market is expected to grow at a CAGR of 7.2% by 2030.

With Thailand's vast flora diversity, the country is an emerging hub for the production of essential oils, spices, and other natural ingredients used in fragrance formulations. Growing urbanization and a rising middle class are driving the demand for premium personal care products and fragrances.

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

Thai Organic Products Co. Ltd., a key player in Thailand's fragrance ingredient sector, has expanded its operations through a strategic acquisition of EcoScents Innovations, a company specializing in sustainable essential oils.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/21796/

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧'𝐬 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

Japan's growing eco-consciousness and demand for luxury, organic, and natural products are creating favorable conditions for the growth of the natural fragrance ingredients market. Japan is seeing a shift in consumer behavior, with more people opting for clean and green fragrance options.

The market in Japan is expected to grow at a CAGR of 5.5% over the next decade. The beauty and personal care sectors are the primary consumers of natural fragrance ingredients, particularly for skincare and aromatherapy products.

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

Major fragrance companies like Shiseido and Kao Corporation are investing heavily in natural fragrances, sourcing ingredients from sustainable suppliers.
Japan has also witnessed increased collaboration between local farmers and fragrance companies to ensure the ethical sourcing of raw materials.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚'𝐬 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

South Korea is one of the fastest-growing markets in Asia for natural fragrance ingredients, with a projected growth rate of 6.1% CAGR from 2024 to 2030. South Korea's growing skincare and cosmetics industry, coupled with rising consumer demand for natural and organic products, provides ample opportunities for natural fragrance producers.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

South Korean consumers are increasingly interested in personalized fragrances, leading to demand for unique, natural fragrance blends.
International brands are expanding their presence in the country due to the lucrative market potential and high demand for luxury natural products.

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

Amorepacific Corporation, a key player in South Korea's beauty and fragrance market, has expanded its product portfolio by acquiring Green Valley Fragrances, a supplier of organic fragrance ingredients.

𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore, with its well-established fragrance industry, is experiencing significant growth in the natural fragrance ingredients market. The country's push towards sustainability and natural living, along with a robust regulatory framework, supports the market's growth. The CAGR for this market is expected to be 5.9% over the next decade.

As a regional hub for fragrance and flavor companies, Singapore plays a pivotal role in the distribution of natural fragrance ingredients throughout Asia.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/request-sample/21796/

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

Firmenich, one of the world's largest fragrance companies, recently entered into a strategic partnership with Tessentech Pte Ltd., a Singapore-based company known for producing natural and sustainable fragrances.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬

In the United States, demand for natural fragrance ingredients has surged due to the increasing preference for non-toxic, cruelty-free, and sustainable products. The market is anticipated to grow at a CAGR of 6.4% from 2024 to 2030, driven by the cosmetics, home care, and luxury fragrance sectors.

The trend towards clean beauty and wellness products is particularly strong in North America, with consumers becoming more conscious of the ingredients used in their daily products.

𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:

Major fragrance companies such as Givaudan and IFF are expanding their sustainable product lines to cater to the rising demand for natural ingredients in the U.S.

In 2023, Procter & Gamble acquired Natural Scent Technologies, a U.S.-based company specializing in natural and organic fragrance blends.

𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe, a leader in the global fragrance industry, continues to see steady growth in demand for natural fragrance ingredients, especially in countries like France, the UK, and Germany. The European market is projected to grow at a CAGR of 4.8% by 2030, fueled by increasing consumer demand for eco-friendly and ethical products.

𝐌𝐞𝐫𝐠𝐞𝐫𝐬 𝐚𝐧𝐝 𝐀𝐜𝐪𝐮𝐢𝐬𝐢𝐭𝐢𝐨𝐧𝐬:

L'Occitane Group, a prominent player in the European fragrance and skincare market, has acquired Fleurisca Botanicals, a leading supplier of organic fragrance ingredients from Mediterranean herbs.

𝐓𝐨 𝐥𝐞𝐚𝐫𝐧 𝐦𝐨𝐫𝐞, 𝐬𝐢𝐦𝐩𝐥𝐲 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 :https://www.maximizemarketresearch.com/market-report/india-natural-fragrance-ingredients-market/21796/

𝐈𝐧𝐝𝐢𝐚 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Essential Oil Based
Flower Based
Fruit Based
Wood Based
Spice Based
Others

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Cosmetics and toiletries
Household Care
Soaps and Detergents
Others

𝐈𝐧𝐝𝐢𝐚 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐈𝐧𝐠𝐫𝐞𝐝𝐢𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

1. Aromatik Naturals Pvt Ltd (Mumbai)
2. Vidhi Specialty Food Ingredients Ltd (Mumbai)
3. Firmenich India Pvt Ltd (Mumbai)
4. S. H. Kelkar & Company Limited (Mumbai)
5. Mane India Pvt Ltd (Mumbai)
6. Symrise Pvt Ltd (Mumbai)
7. International Flavors & Fragrances India Pvt Ltd (Mumbai)
8. Oriental Aromatics Ltd (Mumbai)
9. Givaudan India Pvt Ltd (Mumbai)
10. Veera Fragrances Pvt Ltd (Chennai)
11. Keva Fragrances Pvt Ltd (Mumbai)
12. Sacheerome Pvt Ltd (Mumbai)
13. Fragrant Earth Pvt Ltd (Mumbai)
14. Camphor & Allied Products Ltd (Baroda)
15. Keva Biotech Pvt Ltd (Mumbai)

𝐊𝐞𝐲 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐍𝐚𝐭𝐮𝐫𝐚𝐥 𝐅𝐫𝐚𝐠𝐫𝐚𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The natural fragrance market is seeing significant consolidation as companies aim to expand their portfolios and increase access to sustainable ingredients. Recent mergers and acquisitions, particularly in the Asia-Pacific region, are reshaping the market's competitive landscape.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐖𝐡𝐚𝐭'𝐬 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠:

♦ Global Zero Waste Packaging Market https://www.maximizemarketresearch.com/market-report/global-zero-waste-packaging-market/45252/

♦ Golf Apparel Market https://www.maximizemarketresearch.com/market-report/golf-apparel-market/187718/

♦ Golf Trolley Market https://www.maximizemarketresearch.com/market-report/golf-trolley-market/187842/

♦ Government And Education Logistics Market https://www.maximizemarketresearch.com/market-report/government-and-education-logistics-market/198727/

♦ Hair Gel Market https://www.maximizemarketresearch.com/market-report/hair-gel-market/203377/

♦ Hair Straightener Market https://www.maximizemarketresearch.com/market-report/hair-straightener-market/194961/

♦ Handbag Market https://www.maximizemarketresearch.com/market-report/handbag-market/147819/

♦ Hangover Cure Products Market https://www.maximizemarketresearch.com/market-report/hangover-cure-products-market/218803/

♦ Hard Luxury Goods Market https://www.maximizemarketresearch.com/market-report/hard-luxury-goods-market/49102/

♦ Headwear Market https://www.maximizemarketresearch.com/market-report/headwear-market/187996/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

This release was published on openPR.