Latest Trends and Opportunities in Global Natural Fragrance Ingredient Market
According to a new report published by Reports Monitor titled, “Global Natural Fragrance Ingredient Market, Growth Opportunities, Innovations and Forecast, 2017-2025,”the natural fragrance ingredient market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Natural fragrance ingredients are extracted from natural sources such as fruits and plats that are added to give distinctive scent. Increasing disposal income of mass middle class led to rise in spending on personal care products results in growing demand of the natural fragrance ingredient market. Changing consumer preference from synthetic ingredient to natural is propels the growth of the market.
Growing living standard owing importance of aromatherapy and related products is one of the major factors driving the growth of the market. Low cost, long lasting effects of synthetics ingredient can be challenge to the natural fragrance ingredient market. High R & D as well production cost in the natural fragrance ingredient market are restraining the growth of the market.
This report provides a detailed analysis of natural fragrance ingredient market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
Segmentation of natural fragrance ingredient majorly focused on product type, form and application.
Basis on product type the market is segmented into flower based, musk based, wood based, spice based, fruit based and others. While based on forms the market is segmented into powder, liquid and crystalline. Based on the application the market is segmented into natural perfume & colognes, fabric fresheners, soap & detergent and others.
Global Natural fragrance ingredient market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Improved standard of living and rising presence of manufacturing companies are driving the growth of the market in Europe. Rising population & disposal income and growing living standard raises the growth of the market in Asia-Pacific region.
Major vendors operating in the global natural fragrance ingredient market are: Givaudan SA, International Flavors & Fragrances Inc., Mane SA, Fermenich International SA, BASF SE, Takasago International, Huabao Intl. and Symrise AG.
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