Natural Fragrances Industry : Latest Research Report to Share Market Insights and Dynamics of Profiled Key Players
Seattle, WA -- (SBWIRE) -- 11/01/2019 -- Natural Fragrances Market is rapidly growing industry in Global Market and is expected to reach new levels of growth in near future. Natural Fragrances Market report presents Complete outline of Natural Fragrances Industry. The report examines the performance of the industry and presents the important aspects related to the market like Industry Size, Share, Growth, Recent Developments and Opportunities.
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Natural fragrances refer to products such as essential oils or extracts obtained from natural ingredients, which are added to various products to provide a unique smell. The global natural fragrances market is witnessing a high growth due to increasing usage of natural fragrances over synthetic fragrances in variety of products across cosmetics, food & beverages, and fine fragrances industries. One of the significant reasons for the increasing growth of natural fragrances is the increasing consumer awareness regarding harmful effects of chemicals and other synthetic products on the human body.
Givaudan, Firmenich, Symrise, International Flavors And Fragrance, Sensient Flavors And Fragrances, Takasago, T.Hasegawa
The global natural fragrances market has been segmented based on source, application, and region.
By source, the global natural fragrances market has been classified as flower-based, fruit-based, spices, wood, and others. The fruit-based segment is expected to garner the largest revenue share and also is expected to be the fastest-growing segment in the global natural fragrances market.
By application, the global natural fragrances market has also been segregated into fine fragrances, cosmetics, food & beverages, toiletries & detergents, and others. The fine fragrances segment is expected to gain the highest revenue share of the global natural fragrances market. However, the demand for natural fragrances is increasing in the cosmetic industry, due to the growing preference for consumers towards natural ingredients in the cosmetics products. This, in turn, is expected to boost the growth of the market.
The global natural fragrances market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
Asia-Pacific is projected to gain the lion's share in the global natural fragrances market and grow with an impressive CAGR during the forecast period. India, China, Japan, and Vietnam are among the major markets contributing to the growth of the regional market. Moreover, the growing preference for natural ingredients in variety of cosmetics, personal care, and toiletries products among consumers is also boosting market growth of natural fragrances in the region.
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