Natural fragrances Industry: Analysis and Opportunity and Forecast to 2027
Market Overview: 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 that are extracted from natural botanical sources. Natural fragrances are gaining traction with the increase in demand for personal care and other consumer products. Competitive Landscape The Major Key Players in the Natural fragrances Industry are Givaudan SA (Switzerland) Firmenich SA (Switzerland) Symrise AG (Germany) International Flavors and Fragrance (U.S.) Sensient Flavors and Fragrances (U.S.) Takasago International (Japan) Hasegawa Co., Ltd (Japan) Global Natural Fragrances industry is highly concentrated in Europe. Asia Pacific has a massive potential for natural fragrances, as there is an increasing demand of cosmetic