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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Natural Fragrance Market Size
The global natural fragrance market attained a value of USD 3.58 billion in 2023. The market is expected to grow at a CAGR of 9.8% in the forecast period of 2024-2032 to reach a value of USD 8.28 billion by 2032.
The key producing countries for natural fragrances are India and China, producing 80% of menthol, and 40% of vanillin, respectively. China also accounts for 45% of the production of gum turpentine. India and China are also the major exporting countries for natural fragrances, with India accounting for 80% of the menthol export and China accounting for 50% of vanillin and 40% of gum turpentine exports. The new trends coming up in the natural fragrance market include the development of drought/disease/pest resistant and superior-yield potential varieties of fragrances, like mint. The new trends also include the utilisation of innovative synthetic technologies to create cost-effective production and processing of products like mint, vanillin, and turpentine.
The emerging countries of the Asia Pacific region, Africa, the Middle East, and Central and South America are expected to witness a robust growth in the forecast period due to the growing awareness of the positive health impact of natural fragrances on the senses. Eastern Europe is predicted to grow alongside the global average, although it will grow considerably faster than the developed economies due to the rising consciousness of personal hygiene in the region. The industry in India and China are expected to have an accelerated growth due to the rise in the disposable incomes in these countries.
Natural Fragrance Market Report Snapshots
Natural Fragrance Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global natural fragrance market attained a value of USD 3.58 billion in 2023.
The global natural fragrance market is projected to grow at a CAGR of 9.8% in the forecast period of 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 8.28 billion by 2032.
The major market drivers include the rising demand from the end use sectors, surging disposable incomes, and increased per capita grooming spending.
Increasing growth of the personal care industry and the rising demand for natural and organic goods are the key market trends.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Flowers, fruits, musk, wood, and spice, among others, are the various types of natural fragrance in the market.
The applications of natural fragrances in the market include soap and detergents, cosmetics and toiletries, fine fragrances, and household cleaners and air fresheners, among others.
The major players in the global natural fragrance market are Givaudan SA, Firmenich SA, International Flavors & Fragrances, Inc., Symrise AG, Wild Flavors, Inc., Takasago International Corp, and Mane SA, among others.
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