The Natural Fragrance Market is expected to grow at > 9.8% during 2020-2025, according to a report from Stratview Research.
COVID-19 pandemic – Boon or a Curse to the industry?
The outbreak of COVID-19 has severely impacted several industries across the world. Tough government measures such as lockdown of major economies, has pressed the ‘pause button’ for most of the industries. For most of the industries, the revenue has gone down in 2020 and has resumed an uptrend gradually from 2021.
Key insights on Natural Fragrance Market
Natural Fragrance Market is likely to witness a CAGR of 9.8% during the forecast period. The major factor that is driving the natural fragrance market is the increasing penetration of natural fragrance in fine fragrance, personal care & cosmetics, and household care products.
Europe is estimated to be the largest market for natural fragrance during the forecast period. Presence of a large number of natural fragrance suppliers, presence of a fair number of personal care & cosmetic brands in the region, and huge consumer base are the major factors behind the dominance of the region in the global market.
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Market Scope & Market Segmentation
Natural Fragrance Market Share: By Ingredient Type
Based on the ingredient type, the market is segmented as essential oils and natural extracts. The essential oil segment held the larger share of the market in 2019, and is expected to remain dominant during the forecast period. Growing demand for natural products and increasing consumer spending power are the major factors driving the natural fragrance market.
Natural Fragrance Market Share: By Application Type
Based on the application type, the market is segmented as fine fragrance, personal care & cosmetics, and household care. Fine fragrance application dominated the market in 2019 and is expected to maintain its position during the forecast period. Fine fragrance is increasingly used in perfumes, colognes, and deodorants.
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Which key questions will this report answer?
This market research report focuses to deliver relevant information regarding the market trends, structure and growth during the forecast period of 2020-2025. It also offers insights into different market segments and other factors affecting the market.
Some of the key questions answered by the report are:
- What is the impact of COVID-19 on the market forecast?
- What are the trends, drivers, and challenges?
- How competitive is the market? Who are the market leaders?
- What are the key strategies adopted by the market players?
- Which segments offer the greatest opportunities?
- Which are the most attractive regions?
- What are the key success factors for the market players?
- How does the business environment impact the market?
- Which strategic alliances have taken place recently and their significance?
Stratview Research’s reports are generated after accumulating data from various authenticated sources. > 10 primary interviews with industry experts are conducted by us for every report. Insights gained from primary interviews, in-depth analysis of company statements and annual reports, accompanied by a number of articles, whitepapers, and reports help us to connect the dots and triangulate the market in the most effective manner.
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