Natural Fragrance Ingredients Market: Technological Advancements Expected To Boost Revenue Growth 2016 - 2024
Transparency Market Research has identified Givaudan SA, Firmenich SA., Symrise AG., and IFF as the leading players in the global natural fragrance ingredients market . The report suggests that these companies held a collective share of 56.5% in the global market in 2015. Most of these companies are expected to enter emerging economies to tap into the huge population base that is expected to show interest in commodities that are made from natural fragrance ingredients. According to the research report, the global natural fragrance ingredients market is expected to be worth US$5.3 bn by 2024 from US$3.3 bn in 2015. Between the forecast years of 2016 and 2024, the overall market is expected to expand at a CAGR of 5.8%. Cosmetics to Remain Focal Point of Global Natural Fragrance Ingredients Market “Of all the regions, the Europe natural fragrance ingredients market is expected to exhibit robust growth in the coming years. This regional market is expected to acquire a share of ...