Natural fragrance ingredients are obtained from natural sources such as fruits, flowers, grass, and spices, which find wide application in hair oils, essential oils, perfumes, deodorants, soap, and detergents. Rising awareness regarding the adverse effects of synthetic chemicals such as acetaldehyde, benzophenone, butylatedhydroxyanisole (BHA), butylated hydroxytoluene (BHT), and benzyl salicylate, is increasing the demand for natural fragrance ingredients. For instance, butylated hydroxytoluene is responsible for irritation to the eye and skin. Natural fragrance ingredients are also associated with a wide range of medicinal properties. Flowers such as jasmine, rose, lavender, moonflower, chamomile, rosemary, and lily, widely used in essential oil, are associated with various medicinal properties such as anti-inflammatory, antiseptic, and treatment of skin disorders, insomnia, and muscle spasms among others. Additionally, the usage of natural fragrance ingredients as air fresheners eliminates the risks of respiratory problems due to their non-toxic nature. Natural fragrances when used in detergents also help reduce skin irritation. These prove to be major factors contributing to increased demand for natural fragrance ingredients over its synthetic counterparts. This in turn, is expected to increase growth of the natural fragrance ingredients market during the forecast period.
Natural Fragrance Ingredients Market Taxonomy
On the basis of product type, natural fragrance ingredients market is segmented into:
On the basis of application, natural fragrance ingredients market is segmented into:
Among applications, the soaps and detergents segment is estimated to hold a dominant position in the natural fragrance ingredients market in 2017, due to rising awareness regarding the adverse impacts of synthetic chemicals used in these products. Chemicals present in detergent and soaps enter the human body, either through the lungs or through the skin further causing skin problems such as skin infections and allergies.
Natural Fragrance Ingredients Market Outlook
The natural fragrance ingredients market is marked by some intense competition from the major players operating in this market. Product development, mergers and acquisitions, joint venture and partnerships are some of the key strategies adopted by these players in order to ensure long-term sustenance in this market. In 2015, Symrise A.G. acquired Pinova Holdings Inc., to expand its scent and care segment. Pinova Holdings Inc. is a leading supplier of natural ingredients, which are used in the production of fragrances, perfumes, and oral care products.
Key players operating in the global natural fragrance ingredients market include Givaudan S.A, Symrise A.G, International Flavors & Fragrances Inc., Takasago International Corporation, Mane S.A, Sensient Technologies Corporation, Fermenich International S.A., and BASF S.E.