The natural fine ingredients market is projected to grow at a CAGR of 6.48% to reach US$7.437 billion in 2024 from US$5.102 billion in 2018. Natural fine ingredients refer to naturally sourced ingredients implemented for various purposes. These ingredients are of various forms such as distillates, botanical extracts, essential oils, aroma chemicals, etc. these ingredients are used for various purposes such as aromatherapy, food coloring, flavor additives, cosmetics, fragrances, etc. The high consumption of personal care products is considered one of the drivers for the natural fine ingredients market globally, on the other hand, stringent government regulations requiring multiple test studies on natural ingredients to ensure their safety may hinder its growth.
The natural fine ingredients market has been segmented on the basis of type, application, and geography. Geographically the Asia Pacific region is estimated to have a high market growth for the natural fine ingredients market due to the rise in disposable income as well as rapid urbanization of previously low-income sections along with improvement in the food and beverage as well as the cosmetic industry in the regions. In North America as well as the European region it is projected that these regions will hold a significant hold in the market during the forecasted time period due to high consumption of food, beverages, as well as personal care products along with the recent trends of using holistic, clean and natural products.
Increase in consumption of products containing natural fine ingredients
Rising global disposable income
Increase in the consumption of personal care products
Rising awareness of health concerns caused by artificial ingredients
Stringent government regulations
High R&D and Production costs of natural fine ingredients
In October 2018, global colors company Roha, a subsidiary of JJT Group made the change from using natural ingredients instead of synthetic ingredients
Major industry players profiled as part of the report are International Flavors and Fragrances Inc., Sandream Impact LLC, JJT Group, Barrington Nutritionals. Applied Food Sciences, Inc., Watson Inc., Jiaherb, INC., Sabinsa Corporation, Perrigo Company plc, and Fairchem Speciality Limited among others.
|Market size value in 2018||US$5.102 billion|
|Market size value in 2024||US$7.437 billion|
|Growth Rate||CAGR of 6.48% from 2018 to 2024|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||International Flavors and Fragrances Inc., Sandream Impact LLC, JJT Group, Barrington Nutritionals, Applied Food Sciences, Inc., Watson Inc., Jiaherb, INC., Sabinsa Corporation, Perrigo Company plc, Fairchem Speciality Limited|
|Customization scope||Free report customization with purchase|
The Natural fine ingredients market has been analyzed through the following segments:
Middle East and Africa
Frequently Asked Questions (FAQs)
Q1. What will be the natural fine ingredients market size by 2024?
A1. The natural fine ingredients market is projected to reach a total market size of US$7.437 billion by 2024.
Q2. What is the size of the global natural fine ingredients market?
A2. Natural Fine Ingredients Market was valued at US$5.102 billion in 2018.
Q3. What are the growth prospects for the natural fine ingredients market?
A3. The global natural fine ingredients market is projected to grow at a CAGR of 6.48% during the forecast period.
Q4. What factors are anticipated to drive the natural fine ingredients market growth?
A4. The high consumption of personal care products is considered one of the drivers for the natural fine ingredients market.
Q5. Which region holds the largest market share in the natural fine ingredients market?
A5. The North American and European regions are projected to hold a significant share in the natural fine ingredients market due to the high consumption of food, beverages, as well as personal care products.
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. NATURAL FINE INGREDIENTS MARKET BY TYPE
5.1. Aroma Chemicals
5.3. Botanical Extracts
5.4. Essential Oils
6. NATURAL FINE INGREDIENTS MARKET BY APPLICATION
6.3. Processed food
6.4. Hygiene Products
7. NATURAL FINE INGREDIENTS MARKET BY GEOGRAPHY
7.1. North America
7.2. South America
7.3.3. United Kingdom
7.4. Middle East and Africa
7.4.1. Saudi Arabia
7.5. Asia Pacific
7.5.3. South Korea
8. COMPETITIVE INTELLIGENCE
8.1. Competitive Benchmarking and Analysis
8.2. Recent Investments and Deals
8.3. Strategies of Key Players
9. COMPANY PROFILES
9.1. International Flavors and Fragrances Inc.
9.2. Sandream Impact LLC
9.3. JJT Group
9.4. Barrington Nutritionals.
9.5. Applied Food Sciences, Inc.
9.6. Watson Inc.
9.7. Jiaherb, INC.
9.8. Sabinsa Corporation
9.9. Perrigo Company plc
9.10. Fairchem Speciality Limited
LIST OF FIGURES
LIST OF TABLES
International Flavors and Fragrances Inc.
Sandream Impact LLC
Applied Food Sciences, Inc.
Perrigo Company plc
Fairchem Speciality Limited
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