New Herbal Fragrance Ingredients Market Report Highlights Key Players - Symrise AG, Givaudan SA, International Flavors & Fragrances Inc. (IFF), Firmenich SA, Mane SA.
The market is driven by the increasing demand for natural and organic fragrance ingredients among consumers. With a rising inclination towards herbal and natural products, the demand for herbal fragrance ingredients is expected to surge. These ingredients are derived from various sources such as spices, herbs, flowers, leaves, and others.
The report also highlights the growing trend of botanical extracts in the fragrance industry. These extracts are gaining popularity due to their unique and refreshing scents. They are available in various forms including powders, liquids, and leaf extracts. The CO2 extraction technology is widely used for extracting these botanical extracts.
However, the market also faces some challenges. The high cost associated with the production and extraction of these ingredients poses a threat to market growth. Additionally, the stringent regulations and certifications required for these ingredients further hinder the market growth.
In conclusion, the herbal fragrance ingredients market is expected to witness significant growth in the coming years. The key players mentioned in the report, such as Symrise AG, Givaudan SA, International Flavors & Fragrances Inc. (IFF), Firmenich SA, and Mane SA, are expected to play a crucial role in shaping the market. Consumers are recommended to consult professionals from Stocks Prognosis for expert advice on the future movement of these companies' stocks.
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