Natural Fragrance Market worth $4.3 million by 2024

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Natural Fragrance Market worth 4.3 million by
2024
The report "Natural Fragrance Market by
Ingredients (Essential Oils, Natural Extracts),
Application (Fine Fragrances, Personal Care
Cosmetics, Household Care), and Region (Europe,
North America, APAC, South America, Middle East
Africa) - Global Forecast to 2024" The natural
fragrances market is projected to reach USD 4.3
billion by 2024, at a CAGR of 9.6 from USD 2.7
billion in 2019.
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Introduction
Natural fragrance is a blend of complex fragrance
compounds, which are made up of natural
aromatics. These natural aromatic are made by
extracting the volatile fractions from plants
physically, without chemically altering them.
These fragrances are mainly used to impart the
appealing odor/scent for several fragrance
applications. Increasing use of natural
fragrance ingredients in various applications
such as fine fragrances, personal care
cosmetics, and household care is expected to
drive the natural fragrance market. Europe is the
key market for natural fragrances, globally,
followed by North America and Europe.
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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..

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Key Questions Addressed by the Report

• What are the major developments impacting the
  market?
• Where will all the developments take the industry
  in the mid to long term?
• What are the upcoming products of natural
  fragrances?
• What are the emerging applications of natural
  fragrances?
• What are the major factors impacting market
  growth during the forecast period?

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Key Participants
The key market players profiled in the report
include as Givaudan SA (Switzerland), Firmenich
SA (Switzerland), International Flavors
Fragrances (US), Symrise AG (Germany), Takasago
International Corporation (Japan), Mane SA
(France), Robertet SA (France), Sensient
Technologies Corporation (US), T. Hasegawa Co.,
Ltd. (Japan), Bell Flavors Fragrances (US).
Speak with Analyst
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On The Basis Of Region
Europe to account for the largest share in the
PEI market during the forecast period. Europe
is the largest natural fragrances market and is
expected to continue dominating the global market
during the forecast period. Increased investments
in the manufacturing industries primarily drive
the market. Improving living standard has been
driving the growth of the personal care
cosmetic industry, which is expected to drive the
natural fragrances market.
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