The Herbal Fragrance Ingredients Market Size was valued at USD 23.1 Bn in 2023 and is predicted to reach USD 28.7 Bn by 2031 at a 2.9% CAGR during the forecast period for 2024-2031.
Fragrance ingredients are essential to create unique blends incorporated into fine fragrance products, personal care items, and home care products. Manufacturers derive these fragrances from natural and synthetic ingredients, including esters, alcohols, ketones, and aldehydes. The global fragrance ingredients market is expanding primarily due to increased demand for natural, environmentally friendly, personalized perfumes. Moreover, rising consumer interest in personal care products to enhance appearance and well-being drives market growth worldwide. Governments worldwide are also promoting the use of eco-friendly products, thereby amplifying the demand for fragrance ingredients. Additionally, heightened consumer awareness regarding cleanliness and personal hygiene has significantly boosted demand for detergents, further fueling market expansion.
Nevertheless, rising production costs and concerns over skin allergies caused by perfume chemical ingredients could impede industry growth. However, advancements in aromachology and using fragrances in therapeutic applications, particularly for reducing anxiety and stress, are anticipated to create new growth opportunities for the global fragrance ingredients industry.
The herbal fragrance ingredients market is segmented on the basis of application and ingredients. Based on application, the market is segmented as homecare, car care, cosmetics, perfumes, toiletries, and skin care. By ingredients, the market is segmented into anise, bergamot, clary sage, dewfruit, eucalyptus, geranium, sandalwood, vetiver, rose, and others.
The home care segment holds the largest share in the herbal fragrance ingredients market primarily due to several key factors influencing consumer preferences and market dynamics. Firstly, there is a growing demand for natural and eco-friendly ingredients in household cleaning and care products. Consumers are increasingly opting for products that are perceived as safer for their families and the environment, driving the adoption of herbal fragrance ingredients in home care formulations. Secondly, herbal fragrance ingredients offer a range of benefits that appeal to consumers in the home care segment. These ingredients provide natural aromas derived from botanical sources such as flowers, herbs, and spices, which are seen as refreshing and pleasant compared to synthetic fragrances. This natural appeal aligns with the trend towards sustainability and health-consciousness among consumers, further boosting their popularity in home care products.
The sandalwood segment holds the largest share in the herbal fragrance ingredients market due to several key factors. Firstly, sandalwood is highly valued for its distinctive and appealing fragrance, which is widely used in various high-end perfumes, cosmetics, and toiletries. Its warm, woody aroma is both soothing and luxurious, making it a popular choice among consumers seeking premium fragrance experiences. Secondly, sandalwood is prized for its therapeutic properties, including its calming and anti-inflammatory effects, which further enhance its appeal in aromatherapy and wellness products. This dual functionality as a fragrance and a beneficial ingredient contributes to its widespread adoption across different applications within the cosmetics and personal care industries.
North America held the largest share in the market. Natural product regulations in North America are very strict, which affects how products are made and where they can be sold. Growing public knowledge of the advantages herbal scents have for both health and the environment, along with consumer preferences for sustainable and natural components, fuel market demand. Moreover, the fragrance ingredients industry is poised to achieve significant growth in the Asia-Pacific region throughout the forecast period. The industry's expansion in this region is influenced by the longstanding tradition of utilizing fragrances for aroma and flavor, dating back to ancient times in countries such as China and India. Additionally, increasing awareness of the benefits associated with personal care products and cosmetics is expected to drive substantial market growth in the region.
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Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 23.1 Bn |
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Revenue Forecast In 2031 |
USD 28.7 Bn |
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Growth Rate CAGR |
CAGR of 2.9% from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Ingredients, By Application and By Region |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Symrise AG, Givaudan SA, International Flavors & Fragrances Inc. (IFF), Firmenich SA, Mane SA, Sensient Technologies Corporation, Frutarom Industries Ltd. (now part of IFF), Takasago International Corporation, Robertet Group, T. Hasegawa Co., Ltd, along with other prominent players |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Herbal Fragrance Ingredients Market Snapshot
Chapter 4. Global Herbal Fragrance Ingredients Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Application Estimates & Trend Analysis
5.1. by Application & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:
5.2.1. Homecare
5.2.2. Car Care
5.2.3. Cosmetics
5.2.4. Perfumes
5.2.5. Toiletries
5.2.6. Skin Care
Chapter 6. Market Segmentation 2: by Ingredients Estimates & Trend Analysis
6.1. by Ingredients & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Ingredients:
6.2.1. Anise
6.2.2. Bergamot
6.2.3. Clary Sage
6.2.4. Dewfruit
6.2.5. Eucalyptus
6.2.6. Geranium
6.2.7. Sandalwood
6.2.8. Vetiver
6.2.9. Rose
6.2.10. Others
Chapter 7. Herbal Fragrance Ingredients Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.1.2. North America Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031
7.1.3. North America Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.2. Europe
7.2.1. Europe Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.2.2. Europe Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031
7.2.3. Europe Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.3.2. Asia Pacific Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031
7.3.3. Asia Pacific Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.4. Latin America
7.4.1. Latin America Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.4.2. Latin America Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031
7.4.3. Latin America Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Application, 2024-2031
7.5.2. Middle East & Africa Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by Ingredients, 2024-2031
7.5.3. Middle East & Africa Herbal Fragrance Ingredients Market Revenue (US$ Million) Estimates and Forecasts by country, 2024-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. Symrise AG
8.2.2. Givaudan SA
8.2.3. International Flavors & Fragrances Inc. (IFF)
8.2.4. Firmenich SA
8.2.5. Mane SA
8.2.6. Sensient Technologies Corporation
8.2.7. Frutarom Industries Ltd. (now part of IFF)
8.2.8. Takasago International Corporation
8.2.9. Robertet Group
8.2.10. T. Hasegawa Co., Ltd
8.2.11. Other Prominent Players
Herbal Fragrance Ingredients Market- By Application
Herbal Fragrance Ingredients Market- By Ingredients
Herbal Fragrance Ingredients Market- By Region
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
