Albany, NY -- (SBWIRE) -- 11/01/2017 -- The natural fragrance ingredients market across the globe is anticipated to witness a stable growth during the forecast period from 2016 to 2024. Natural fragrance ingredients are aroma compounds which are derived from natural sources such as flowers, fruits, spices and grasses among others. Since they are derived from natural resources mainly through the process of distillation, it does not contain any toxic content thus making it more desirable to use and also costly to purchase.
Global Natural Fragrance Ingredients Market: Segmentation
Natural Fragrance market has been segmented into flower based fragrance ingredients, fruit based, spice based, wood based and musk based fragrance ingredients in terms of product types in the scope of research. Some of the popular flowers used in making essential oils which are in turn used in making fine fragrances are rose, jasmine, violets, lavender, lily, orange flower, moonflower, magnolia, plumeria, chamomile, rosemary, and sweet pea among others.
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Fruit based fragrance ingredients are used for their fresh and invigorating smell. Mango, Guava, Peaches, Blueberries are some of the fruits which are used to derive fragrance ingredients which are used in perfumes and in various applications. Wood based fragrance ingredients are derived mainly from cedars, pine and fir, balsam, mahogany and sandalwood among others. Amber wood is also used widely especially in making perfumes. Wood based fragrance ingredients form the base of fragrances and therefore are highly demanded. Musk based fragrance ingredients are derived mainly from the Musk Deer which is inhabitant of the Himalayan region. The Musk deer are endangered species and therefore the source of deriving musk based fragrance ingredients have shifted and nowadays it's been derived from some plants like the Angelica archangelica, among others. Spice based fragrance ingredients includes the involvement of asafetida, cumin, clove, bay leaves, and cardamom among others.
In terms of application of natural fragrance ingredients, we have included the household care segment and the cosmetics segment in our scope of research. The household care segment includes products like room fresheners, incense sticks, floor cleaners, detergents Natural based fragrance ingredients are being used increasingly in inducing smell in these products due to their non- toxicity quality. Room fresheners containing flowery smell of natural based fragrance ingredients won't cause any respiratory problems. Similarly, using detergents made with natural fragrance ingredients won't cause itchiness to the skin. The cosmetics segment includes beauty benefit products like body soaps, creams, perfumes, essential oil and others.
Global Natural Fragrance Ingredients Market: Drivers and Trends
The global natural fragrance ingredients market is majorly driven by increasing importance of using natural fragrance ingredients further supported by rise in disposable income. In addition, the usage of natural fragrance ingredients further increased in cosmetics products due to rise in health concerns among the consumers. . Use of natural fragrance ingredients also protects the environment from harmful chemicals, pesticides and toxins. Advertising and promoting the natural fragrance ingredients products through online retailing has increased their use. Increase in disposable income also allows the purchase of products containing natural fragrance ingredients.
The products which use natural fragrance ingredients for inducing odor are usually very costly. This can prevent the growth of this market as the synthetic alternatives are relatively less costly. Also, the use of flowers, fruits and woods can result in the depletion of natural resources which can affect the environment negatively.
Global Natural Fragrance Ingredients Market: Geographical Outlook
By geography, the global natural fragrance ingredients market has been further classified into North America, Europe, Asia Pacific, Middle East and Africa (MEA) and Latin America. The present market size in terms of revenue (USD Million) along with forecast from 2016 to 2024is also provided in this report.
Key Players Mentioned in this Report are:
Some of the key players operating in the natural fragrance ingredients market across the globe are, Givaudan SA (Switzerland), Firmenich SA (Switzerland), Symrise AG (Germany), International Flavors and Fragrance (IFF) (U.S.), Sensient Flavors and Fragrances (U.S.) and Takasago International (Japan), among others.
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