Impact of Existing and Emerging Stand-Up on Natural Fragrance Market

At a predicted CAGR of 9.6% from 2019 to 2024, the size of the global Natural Fragrance Market is expected to increase from USD 2.7 billion in 2019 to USD 4.3 billion by 2024.

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What are the natural fragrances?

Natural fragrances are scents derived from natural sources such as plants, flowers, fruits, spices, and other botanical materials. These fragrances are typically extracted through various methods like steam distillation, cold-press extraction, solvent extraction, and enfleurage. Here are some examples of natural fragrances:

• Essential Oils: Essential oils are concentrated liquids obtained from plants. They carry the characteristic fragrance and properties of the plant they are derived from. Examples include lavender oil, rosemary oil, peppermint oil, and tea tree oil.
• Floral Extracts: Fragrances extracted from flowers are commonly used in perfumes and scented products. Examples include rose extract, jasmine extract, and ylang-ylang extract.
• Citrus Fruits: Citrus fruits like oranges, lemons, and grapefruits have aromatic oils in their peels. These oils are commonly used in perfumes, candles, and cleaning products for their fresh and uplifting scents.
• Spices and Herbs: Fragrances derived from spices and herbs add warmth and depth to perfumes and other scented products. Examples include cinnamon, vanilla, clove, and ginger.
• Woods and Resins: Fragrances obtained from woods and resins have a rich, earthy, and woody aroma. Examples include sandalwood, cedarwood, frankincense, and myrrh.
• Balsamic Materials: Balsamic materials such as benzoin, labdanum, and peru balsam provide sweet and resinous notes to fragrances.
• Mosses and Lichens: Fragrances derived from mosses and lichens add a green, earthy, and mossy aroma. Oakmoss and lichen extracts are commonly used in perfumes.

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Recent Developments

• In April 2018, Mane SA opened a new manufacturing site in Colombia. This will help the company to strengthen its position to serve the customers in the Andean region better and capture growth opportunities in fragrances markets.
• In January 2018, Takasago International (Singapore) Pte. Ltd., a subsidiary of Takasago International Corporation, opened a new office in Lahore, Pakistan. The expansion will help the company increase its market presence in Pakistan.
• In October 2017, Givaudan opened a new fragrance creative center in Mexico City, Mexico. The new center will help the company support its natural fragrance business growth in North America.
• In October 2017, IFF opened a fragrance ingredients plant in China. The expansion helped the company strengthen its presence in the country.

Natural Fragrance Market Players

The key market players profiled in the report include as 奇华顿 SA (Switzerland), 芬美意 SA (Switzerland), INTERNATIONAL FLAVORS & FRAGRANCES I.F.F. (US), Symrise AG (Germany), Takasago International Corporation (Japan), Mane SA (France), Robertet Group SA (France), Sensient Technologies Corporation (US), T. Hasegawa ., Ltd. (Japan), Bell Flavors & Fragrances (US).

奇华顿 (Switzerland) is the largest player in the natural fragrance market. The company is developing its natural fragrance business by acquisition and expanding in countries such as APAC and North America. The company mainly focuses on expansions and acquisition to strengthen its position in the market. The company acquired Albert Vieille, a French company specialized in natural ingredients used in the fragrance and aromatherapy markets. It will help the company cater to the growing demand of customers for natural fragrances. As an expansion strategy, the company opened a new fragrance creative center in Mexico City, Mexico, in October 2017. The new center will help the company support its business growth in North America.

芬美意 SA (Switzerland)is one of the major manufacturers of fragrances. In March 2016, the company opened a manufacturing facility in Buenos Aires, Argentina. The expansion has helped the company strengthen its position in the fragrances market in Argentina. In July 2018, Agilex Fragrances, which is a part of Firmenich group, acquired Fragrance West (US). This acquisition will help the company strengthen its position in the fragrances market in the Americas.?

In summary, it’s important to note that while natural fragrances are derived from natural sources, they may still undergo processing and refinement to extract the desired scent. Additionally, natural fragrances can also be blended with synthetic ingredients to create more complex scent profiles in commercial products.