Natural Fragrance Market Report 2024

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GLOBAL NATURAL FRAGRANCE MARKET REPORT 2024
Global,Regional,CountryAnalysis
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INTRODUCTION
Natural fragrances are complex compounds derived
from natural aromatics that are extracted from
nature, including trees, flowers, and plants.100
natural fragrances are exclusively derived from
natural-origin materials and ingredients include
essential oils, oleoresins, distillates, and
fractions. However, the market expansion is
significantly hampered by the prevalence of
counterfeit synthetic perfumes. Natural
fragrances have a healthy demand from consumers
due to the growing awareness of the use of
fragrances over synthetic fragrances and the low
toxicity of these compounds. The advantages that
natural fragrances over synthetic perfumes give
in terms of health and long-lasting fragrances
are a major factor in the rising demand for
fragrances, Additionally, some of the rare
natural scents, such as those derived from musk
and the soil, are in high demand and widely used
in expensive perfumes. The demand for natural
perfumes is fueled by natural fragrances.
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KEY INSIGHTS
MARKET SIZE USD 8.6 billion
2023
CAGR 12.3
2023- 2030
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REVENUE MARKET SHARE BY SEGMENTS 2022

• Flowers
• Fruits
• Musk
• Wood
• Spice

Type Segment

• Fine Fragrance
• Personal fragrance Cosmetic
• Household Care
• Detergent

Application Segment

• Essential oils
• Natural Extracts

By Ingredient
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Global Natural Fragrance Market Revenue share for
2022
North America
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Increasing demand for natural fragrance
Drivers
The counterfeit scent will restrain the market
Restraints
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AUTHOR'S PERSPECTIVE

• The Global Natural Fragrance Market is witnessing
  significant growth in the near future.
• The Fruit-based sub-segment has the largest
  market share of all the natural fragrances in the
  product type. It is also expected to have the
  largest natural fragrances market growth.
• Personal care cosmetic applications dominated
  the market and are expected to maintain their
  position during the forecast period.
• The essential oil segment held the larger share
  of the market and is expected to remain dominant
  during the forecast period.

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KEY PLAYERS
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