The global market for natural fragrance ingredients in 2022 is valued at $17.1 billion. Natural fragrance ingredients will greatly promote the revolution of perfumes, soaps and cosmetics.
Natural fragrance ingredients Market Overview: Natural flavor is the use of natural and organic raw materials from the environment made of flavors. The body can absorb the aromatic molecules in these natural flavors through smell or through the skin. Due to the growing awareness of the use of natural and synthetic flavors and the low toxicity of these synthetic compounds, these natural flavors are in high demand among consumers. Essential oils and extracts are the main source of natural fragrance for substrates and perfumes. Many natural flavors are rare and therefore more valuable than synthetic flavors.
Market Dynamics: Natural fragrance ingredients come from natural resources such as fruits, flowers, herbs and spices, and are widely used in products such as hair oils, essential oils, perfumes, deodorants, soaps and detergents. As people react to synthetic chemicals such as butylated hydroxyanisole, The negative effects of BHA, acetaldehyde, benzophenone, butylated benzyl salicylate and BHT, among others, are becoming more understood, and the demand for natural flavors is increasing. These factors are driving the demand for such products. Natural flavors are also associated with various medicinal properties. Flowers such as jasmine, rose, lavender, moonflower, chamomile, rosemary and lily, which are commonly used in essential oils, are associated with various medicinal properties such as anti-inflammatory, anti-corrosion, skin conditions and insomnia. These factors are driving the demand for natural flavor ingredients. Using a natural spice as a spice can eliminate the risk of respiratory illness because it is non-toxic.Natural fragrances used in detergents also help reduce skin irritation. These are the main reasons for the increasing demand for natural rather than synthetic flavors. The demand for natural fragrances is increasing, mainly because natural fragrances are superior to synthetic fragrances in terms of health benefits and long-lasting aroma. There is also strong demand and healthy acceptance within the high-end perfume range of rare natural fragrances derived from natural ingredients such as loam and musk. These benefits are driving market demand and growth.
The growing demand for eco-friendly, natural, bespoke perfumes and rising living standards are some of the key factors, and improving appearance through the use of beauty products is expected to drive the market growth. High-end perfume brands that use natural fragrances need to have their products certified by the relevant bodies to verify the authenticity of the natural ingredients used. This allows consumers to trust premium brands and increase acceptance of natural flavors.These factors have driven a surge in demand for the product. Product innovation, increased product advertising on various social media platforms and increased demand for air fresheners such as sprays, room fresheners and car air fresheners. Governments are promoting initiatives to develop environmentally safe products, and these factors are driving the growth of the natural flavor raw materials market. Fake synthetic fragrances and synthetic fragrances are easier and cheaper to produce, while natural fragrances are not. Rising production costs and chemicals in perfumes can cause side effects such as skin problems and allergic reactions. These factors limit the growth of the market.
Market segmentation analysis of natural fragrance ingredients: In terms of products, the market share of floral raw materials products in 2022 is 35.7%. The growing popularity of floricular-based ingredients in products such as perfumes, deodorants, soaps, etc. and these products are most popular with women is driving the growth of this segment. The wood fragrance raw material product segment is expected to grow at a CAGR of 5% during the forecast period. These mainly include cinnamon, cedar and sandalwood, which are used in various perfumes. Driven by factors such as sandalwood candles, soaps, and growing interest in rugged aromas, the growth of this segment is expected to continue until the end of the forecast period.
Based on the application analysis, the home care segment accounted for 56.7% of the market share in 2022. There is growing demand for products such as soaps, hair oils, skin creams, air fresheners, scented candles, detergents and car fragrances. These factors will drive the demand growth in this segment during the forecast period. The Cosmetics & Personal Care segment is expected to grow at a CAGR of 6.15% during the forecast period. Multiple applications in schools, office Spaces, as well as numerous commercial premises and industrial sectors, as well as the growing demand for essential cleaning products in the healthcare sector, will drive the demand growth. Due to factors such as increasing consumption of personal care and cosmetics in emerging economies, and increasing awareness of self-care, this segment is expected to grow during the forecast period.
Regional insight: In 2022, the European region accounted for 43% of the market share. Due to the strong demand and clear consumer preferences in the region, the dominant climate in the region, the growth of high-quality natural ingredients and technological advancements have enabled manufacturers to produce high-quality, reliable natural flavors worldwide with a healthy market demand. The region is home to one of the world's largest cosmetics industries. Factors such as increasing beauty awareness among the population, surging tourist flows, and rising disposable income are driving the growth of the market. The market in North America is expected to grow at a CAGR of 7% during the forecast period. The increasing application of natural flavor ingredients in products such as soaps, detergents, cosmetics, and personal care products is the major factor driving the market growth.The rise in skin allergy cases in the region is driving the demand for natural fragrance ingredients in cosmetics and personal care products. The growing prevalence of skin diseases in the region is expected to increase the adoption of natural fragrance ingredients in cosmetics and personal care products. Asia Pacific is expected to grow at a CAGR of 5% over the forecast period. Factors such as revenue growth and increased awareness of premium fragrance brands among consumers in the region are expected to drive the growth of the market in the region.
The report aims to provide a comprehensive analysis of the natural flavor ingredients market to stakeholders within the industry. The report analyzes complex data in plain language and provides the past and current status of the industry as well as the predicted market size and trends. The report covers all aspects of the industry with a dedicated study of key players including market leaders, followers and new entrants. The report presents Porter, PESTEL analysis and the potential impact of microeconomic factors in the market. The report analyzes external and internal factors that may have a positive or negative impact on businesses, which will provide decision-makers with a clear future outlook for the industry. The report also helps to understand the dynamics and structure of the natural flavor ingredients market by analyzing market segments, and forecasts the size of the natural flavor ingredients market. The report clearly presents the competitive analysis of the key players through product, price, financial condition, product mix, growth strategies and regional presence in the natural flavor ingredients market, making it a guide for investors.
Natural flavor raw materials market scope:
Natural Flavor Raw Materials Market, by region:
North America (USA, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and other European countries) Asia Pacific (China, Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Bangladesh, Pakistan and other Asia Pacific) Middle East and Africa (South Africa, Gulf Cooperation Council, Egypt, Nigeria and other Middle East and African countries Home)
South America (Brazil, Argentina, Rest of South America)
Post time: Jan-02-2025