For a long time, fragrances have been used for multiple reasons in a variety of spaces from human life. Firstly, certain chemicals fragrances are produced to veil the unpleasant odor or to release a refreshing scent. Secondly, certain ingredients are important to increase the durability and functionality of the fragrance compound. They include preservatives, solvents, antioxidants, colors, diluents, and fixatives for the functionality of fragrance. The cost effectiveness of the synthetic chemical has increased its market. But the European Union Scientific Committee on Consumer Safety has determined health issues because of the use of synthetic fragrances. Concerns of irritations, allergies, and other health issues associated with synthetic fragrances are boosting demand in the natural fragrance chemicals market. Apart from this, immediate contact reactions, photosensitivity, and pigmented contact dermatitis are also linked to synthetic chemical fragrance. The increased awareness about the side-effects of synthetic chemicals on health is fueling growth of the natural fragrance chemicals market.
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The natural fragrance chemicals are extracted from raw plant materials. Unlike synthetic fragrances, these fragrances smell special to everyone. Similar to the plants, their smell change and fade with the time. People find the knowledge of making process of natural fragrance chemical alluring. The manufacturers in the natural fragrance chemical market generally extract one single scent compound from the plant, which accounts for the uniqueness.
Natural fragrance chemicals are aroma compounds physically received from plants, fruits, and spices through extraction, distillation, and expression. Fragrance chemicals that are obtained through natural resources are called natural fragrance chemicals. These naturally obtained chemical substances do not include any levels of toxicity. Natural fragrance chemicals are preferred over synthetic fragrance chemicals due to the rise in consumer awareness about the benefits of using natural products. However, these chemicals are expensive compared to synthetic fragrance chemicals. Also, they possess non-toxic properties.
Natural Fragrance Chemicals Market: Drivers and Restraints
Demand for natural fragrance chemicals is expected to rise, due to the rise in trend of using natural-based ingredients, especially in personal care and other consumer products. Natural fragrance chemicals are intensely associated with product identity due to their capability to trigger emotions. Therefore, it is one of the primary reasons that directly affects consumer inclination toward natural fragrance chemical based cosmetic and personal care products. This shift in consumer preference toward naturally obtained fragrances is anticipated to drive the natural fragrance chemicals market during the forecast period. Implementation of government regulations on synthetic products is anticipated to boost the natural fragrance chemicals market during the next few years. However, the usage of synthetic fragrance chemicals for large volume applications, which offer relatively better performance with lower cost, is expected to hamper the natural fragrance chemicals market during the forecast period.
Natural Fragrance Chemicals Market: Segmentation
Based on type, the natural fragrance chemicals market can be segmented into:
- Essential Oils
- Oleoresins
- Distillates
- Fractions
- Others (Absolutes, etc.)
Almost all natural fragrance are physically acquired from plants without modifying their chemical structures. Natural fragrance chemicals can be obtained from several natural sources. For instance, a natural apricot scent may comprise natural aromatics from a range of plants (excluding apricot).
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Natural Fragrance Chemicals Market: Segmentation
The natural fragrance chemicals market can be segmented based on application into:
- Oral Care
- Body Care
- Baby Care
- Lip Care
- Perfumery
- Household Cleaners
- Others (Cosmetics, etc.)
The natural fragrance chemicals market is expected to expand due to the rise in usage of natural fragrance chemicals by personal care and household manufacturers in various affordable consumer products such as shower gels, soaps, perfumes & deodorants, and creams & lotions. Middle-class consumers, especially from emerging economies, are increasingly realizing the benefits of using natural fragrance chemicals in consumer products. This is estimated to offer lucrative opportunities for the natural fragrance chemicals market during the next few years.
Natural Fragrance Chemicals Market: Region-wise Outlook
In terms of geography, the global natural fragrance chemicals market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe held substantial share of the global natural fragrance chemicals market due to the increase in consumption of natural-ingredients based personal care products. The region is also anticipated to benefit from the presence of numerous leading players. The natural fragrance chemicals market in Asia Pacific is also expected to witness rapid growth in the next few years due to the rise in disposable income of consumers, especially in emerging economies such as China and India. Increase in demand for personal care and household products is also projected to boost the natural fragrance chemicals market in Asia Pacific in the near future.
