The natural fragrance chemicals are extracted from plant materials, animals, and fruits. The natural fragrance ingredients market is divided into fruit-based, flower-based spice-based, musk-based, and wood-based, depending on the product type.
Unlike synthetic fragrances, these fragrances smell appealing to everyone. Similar to plants, their smells change and fade with time. People find the knowledge of processes for the manufacture of natural fragrance chemical alluring. For uniqueness of fragrance, manufacturers in the natural fragrance chemical market generally extract one single scent compound from the plant. This factor boosts in the natural fragrance ingredients market. These ingredients are used to make soaps, deodorants, essential oils, hair oils, perfumes, and detergents. These natural fragrance ingredients are added into essential oils not only to impart fragrance but also because of their medicinal properties. These extracts are applied in essential oils to treat skin irritations, pain, stress, insomnia, and other health issues and add value in the natural fragrance ingredients market.
The research report on the natural fragrance ingredients market has anticipated a growth worth of US$5.5 Bn. by 2024 that was US$3.3 Bn.in 2015. The global natural fragrance ingredients market is expected to grow at a compound annual growth rate (CAGR) of 5.8%.
Natural Fragrance Ingredients Market – Application of Ingredients in Affordable Commodities Bolster Industry Growth
The natural fragrance ingredients market is experiencing significant changes with the dynamic demands of customers. For a long time, fragrances have been used for multiple reasons in a variety of spaces of human life for the senses. Firstly, certain chemicals fragrances are produced to veil the unpleasant odor or to release a refreshing scent. Secondly, these fragrance ingredients are important to increase the durability and functionality of the fragrance compound. They include preservatives, solvents, antioxidants, colors, diluents, and fixatives for the functionality of fragrance. The cost-effectiveness of synthetic chemicals has increased its market.
The growth in the natural fragrance ingredients market is driven by the increased awareness of importance of natural fragrance ingredients and rising disposable income in developing countries. The increasing health concerns among consumers related to the use of synthetic fragrance ingredients are fueling growth in the natural fragrance ingredients market. With the use of natural fragrance ingredients, the environment gets protection from toxins, pesticides, and harmful chemicals. Manufacturers and consumers opt for natural fragrance ingredients as these do not contain toxic contents to avoid negative impact on users and the environment. The natural fragrance ingredients market is growing with the increasing application of these fragrance ingredients in different affordable commodities such as deodorants, creams, and soaps. Middle-class consumers from developing countries are taking interest in the application of these products. It bolsters growth in the natural fragrance ingredients market. Further, online retailing platforms are used for the promotion of the natural fragrance ingredients market.
Takasago, International Flavors and Fragrances, Firmenich SA, Symrise AG, Givaudan SA, and Huabao Intl. are some of the prominent industry players in the natural fragrance ingredients market.
The Expansion of Natural Fragrance Ingredients Market amidst Increasing Customer Awareness for Aftereffects of Synthetic Fragrance Ingredients
The European Union Scientific Committee on Consumer Safety has determined health issues because of the use of synthetic fragrances. Concerns of irritations, allergies and other health issues associated with synthetic fragrances are boosting demand in the natural fragrance chemicals market. Apart from this, immediate contact reactions, photosensitivity, and pigmented contact dermatitis are also linked to synthetic chemical fragrance. The increased awareness about the side effects of synthetic chemicals on health is fueling the growth of the natural fragrance chemicals market.
However, natural fragrance ingredients are a bit costlier compared to synthetic fragrance ingredients and can restrain growth in the natural fragrance ingredients market. Apart from this, if we use woods, fruits, and flowers on the regular basis to produce natural fragrance ingredients, it can adversely impact the environment.
The Natural Fragrance Ingredients market is segmented into following sections:
- Natural Fragrance Ingredients Market, by Product Type
- Flower Based
- Wood Based
- Musk Based
- Fruit Based
- Spics Based
- Others (Grass)
- Natural Fragrance Ingredients Market, by Application Type
- Household Care
- Natural Fragrance Ingredients Market, by Geography Type
- North America
- The U.S.
- U. K.
- RoE (Rest of Europe)
- Asia Pacific
- RAPAC (Rest of Asia Pacific)
- Middle East and Africa (MEA)
- South Africa
- RMEA (Rest of Middle East and Africa)
- North America
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