Natural Fragrance Market Report

Natural Fragrance Market Insights

Natural Fragrance market is likely to witness a CAGR of 9.8% during the forecast period. The major factor that is driving the natural fragrance market is the increasing penetration of natural fragrance in fine fragrance, personal care & cosmetics, and household care products.

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Market Share Analysis

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Natural Fragrance Market Share: By Ingredient Type

Based on the ingredient type, the market is segmented as essential oils and natural extracts. The essential oil segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Growing demand for natural products and increasing consumer spending power are the major factors driving the natural fragrance market.

Natural Fragrance Market Share: By Application Type

Based on the application type, the market is segmented as fine fragrance, personal care & cosmetics, and household care. Fine fragrance application dominated the market in 2019 and is expected to maintain its position during the forecast period. Fine fragrance is increasingly used in perfumes, colognes, and deodorants.

Natural Fragrance Market Share: By Region

In terms of regions, Europe is estimated to be the largest market for natural fragrance during the forecast period. Presence of a large number of natural fragrance suppliers, presence of a fair number of personal care & cosmetic brands in the region, and huge consumer base are the major factors behind the dominance of the region in the global market.

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Asia-Pacific is expected to be the fastest-growing market during the forecast period. Significant economic development in the Asia-Pacific region, growing spending power of consumer, and rapid urbanization, are the major factors driving the growth of the Asia-Pacific’s natural fragrance market. North America is also expected to offer significant growth opportunity during the forecast period.

Market Scope & Segmentation

Natural fragrance is extracted primarily from natural ingredients such as plant essential oils, essential oil blends or blends that contain naturally derived plant isolates. They are obtained through distillation, CO₂ extractions, cold pressing, and fermentations. On the basis of ingredients used, they can be categorized as essential oils and natural extracts. They are widely used in personal care and household products as consumers are demanding for more of natural-based products.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The natural fragrance market is segmented into the following categories. 

Natural Fragrance Market Size, Share, & Forecast, by Ingredient Type:

• Essential Oils (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Natural Extracts (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Natural Fragrance Market Size, Share, & Forecast, by Application Type:

• Fine Fragrance (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Personal Care & Cosmetics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Household Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Natural Fragrance Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the ingredient types by application type.

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.