Natural Fragrances Market: By Source (Flower Based, Fruit Based, Spice, Wood, Musk and others), Application (Fine Fragrances), Distribution Channel (Store Based and Non-Store Based) and Natural Fragrances market- Forecast till 2023

Pune, India -- (SBWire) -- 04/09/2018 --Market Overview:

Natural fragrances refer to composite blend of synthetic and/or natural ingredients which are added to the product in order to provide a unique smell. Natural fragrances comprise of natural aromatic raw materials such as essential oils, fractions of essential oils, isolates, and exudates such as resins, distillates, extracts and volatile concentrates. Natural fragrances are gaining traction with the increase in demand for personal care and other consumer products.

The global natural fragrances market is projected to grow owing to the massive demand of personal care and cosmetic products. This is attributed to the rising per capita disposable income of the consumer which resulted to use high price products by the consumers. The demand of the natural fragrances is growing due to the increasing awareness of the consumer regarding the benefits of using natural products that in turn escalates the sales of natural fragrances during the forecast period. Also, the cosmetic products especially in the skin care products, fragrances are used widely which in turn accelerates the sales of natural fragrances during the forecast period of 2017-2023.

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Major Key Players:
The Major Key Players in the Natural Fragrances Market,

- T.Hasegawa Co., Ltd (Japan)
- Givaudan SA (Switzerland)
- Firmenich SA (Switzerland)
- Symrise AG (Germany)
- International Flavors and Fragrance (U.S.)
- Sensient Flavors and Fragrances (U.S.) and
- Takasago International (Japan)

Global Natural Fragrances Market is highly concentrated in Europe. Asia Pacific has a massive potential for natural fragrances, as there is an increasing demand of cosmetic products along with the demand of various other personal care products.

Intended Audience
- Natural Fragrances manufacturers
- Raw material suppliers
- End users (food industry)
- Retailers and wholesalers
- E-commerce companies
- Traders, importers and exporters

Key Findings:
- Europe dominates the natural fragrances market followed by North America
- Asia Pacific is projected to witness a massive growth during the forecast period 2017-2023
- China and India is estimated to create a favorable environment for the increasing growth of Asia Pacific region

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Segments:
- Global Natural Fragrances Market has been segmented on the basis of source, application, and distribution channel
- On the basis of source, the market is segmented into flower based, fruit based, spice, wood, musk and others.
- On the basis of application, it comprises of fine fragrances, cosmetic & personal care, Toiletries & detergents and others
- On the basis of distribution channel, the market is segmented into store based and non-store based.