Natural Fragrance Market Share, Size, Expected Growth Opportunities and Forecast by 2029 | Is Natural Fragrance Industry Hit Worst due to Russia-Ukraine War Impact?
The global natural fragrance market size is expected to gain momentum in the coming years on account of the changing lifestyle and consumer preference for light and organic products. Natural fragrance is a perfume made by using organic and natural sources in the environment. The change in lifestyle and fashion trends has propelled the demand for natural look makeup and natural fragrances. A recent report by Fortune Business Insights discusses the market and its growth trajectories in details. The report is titled, “Natural Fragrance Market Size, Share & Industry Analysis, By Ingredient (Essential Oils, Natural Extracts), By Type of Scent (Top note, Middle Note, Base Note), By Application (Fine Fragrances, Personal Care & Cosmetics, Household Care) Others and Regional Forecast, 2019-2026.”
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Russia-Ukraine War Implication
The Russia-Ukraine war could change the Natural Fragrance Market dynamics of Europe forever. The standoff has revived the predicament situation of the Cold War and pushed Europe to the brink of a major military conflict. The Russian aggression in Ukraine has redefined the global landscape in terms of business. As the global Natural Fragrance Market was recuperating from the havoc wreaked by the COVID-19 pandemic, the Russia-Ukraine war has made several industry stakeholders skeptical.
The European Union is pushing for more sanctions against Russia, including halting imports of nuclear fuel from Russia and excluding Russia’s top lenders from the SWIFT banking system. Moreover, Russia has also imposed similar sanctions on most EU countries. The war crisis and sanctions have put a strain on global investment, trade, and economic activity. Therefore, skepticism and uncertainty remain prevalent regarding the conflict, its potential reach, and its longevity. Accordingly, the restoration of normal relations among partners could prove be a sign of improvement.
The world is unitedly fighting back against Coronavirus by following home quarantine for an unascertained period. The COVID-19 pandemic has not only affected us health-wise but also urged most industries to temporarily shut down their businesses, thereby resulting in substantial economic losses. However, we soon hope to overcome this hurdle with government support. We, at Fortune Business Insights, are offering special reports on various markets affected by the COVID-19 pandemic and their growth parameters. These reports are based on thorough research to provide a clear interpretation of the market and its future.
Some of the Key Players of the Natural Fragrance Market include:
- Fragrance Oils (International) Limited
- Alpha Aromatics
- Robertet SA
- Royal Aroma
- Agilex Fragrances
- Carmi Flavor & Fragrance Co., Inc.
- Givaudan SA
- Ogawa & Co.Ltd.
- Lebermuth, Inc.
- MJ Biopharm Pvt. Ltd
- Firmenich SA
- Fine Fragrances Pvt. Ltd.
- Other players
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