The global market for natural fragrance estimated at $3.3 billion in the year 2022, is projected to reach a revised size of $8.5 billion by 2030, growing at a CAGR of 12.7% over the period 2022-2030, according to the Global Natural Fragrance Industry report by Reportlinker.com.
Essential oils, one of the segments analyzed in the report, is projected to record 12.2% CAGR and reach $5.5 billion by the end of the analysis period.
The natural extracts segment is readjusted to a revised 13.6% CAGR for the next eight-year period.
US Market
The natural fragrance market in the United States is estimated at $889.5 million in 2022.
Chinese Market
The natural fragrance market in China is projected to reach $2.2 billion by 2030.
It is forecast to reach a CAGR of 18.8% from 2022 to 2030.
Japanese Market
The natural fragrance market is projected to grow at 6.9% from 2022 to 2030.
Canadian Market
The natural fragrance market is projected to grow at 11.2% from 2022 to 2030.
German Market
The natural fragrance market is projected to grow at 8.3% CAGR from 2022 to 2030.
