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Natural Fragrances Market to Reach $31.1 Billion by 2020, Says Beroe Inc
Key Findings:
The research methodology adopted for the report included:
Raw materials account for a major portion of the cost of natural fragrances, representing 64 percent of the cost for menthol, 54 for vanillin, and 43 percent for turpentine. Increase in regulation cost, coupled with erratic supplies of natural ingredients, involves huge cost in mechanizing and accumulating inventory, which will eventually reduce the profit margins of fragrance houses.
The report also includes:
Beroe is the world's leading provider of procurement intelligence and supplier compliance solutions. We provide critical market information and analysis that enables companies to make smart sourcing decisions—leading to lower costs, greater profits and reduced risk. Beroe has been providing these services for more than 13 years and currently works with more than 10,000 companies worldwide, including 400 of the Fortune 500 companies.
To learn more about Beroe Inc., please visit: http://www.beroeinc.com
Debobrata Hembram
debobrata.hembram@beroe-inc.com
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