The Global Bio-based Fragrance Market was valued at USD 3.2 Billion in 2024 and is projected to reach USD 4.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.4% during the forecast period (2024–2030). This significant expansion is being driven by rising consumer demand for natural and sustainable products, stringent regulations on synthetic ingredients, and significant advancements in biotechnology for fragrance production.

As the global fragrance industry pivots towards eco-consciousness and transparency, the focus intensifies on the key innovators who are developing cleaner, more sustainable scent solutions. In this blog, we profile the Top 10 Companies in the Bio-based Fragrance Industry—a blend of established chemical giants, specialized biotech firms, and flavor & fragrance leaders shaping the future of olfactory experiences.

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🔟 1. Firmenich SA

Headquarters: Geneva, Switzerland
Key Offering: Natural fragrance ingredients, biotech-derived aroma molecules, sustainable scent solutions

Firmenich, now part of dsm-firmenich, is a global leader in the fragrance and flavor industry with a deep commitment to sustainability. The company is at the forefront of developing bio-based ingredients using advanced fermentation and green chemistry, aiming to create high-performing, renewable fragrances for perfumery, personal care, and home care applications.

Sustainability & Innovation Initiatives:

• Pioneering the use of biotechnology to produce key fragrance molecules like Clearwood® and Ambrox® from renewable sugars
• Committed to 100% renewable carbon in fragrance ingredients by 2030
• Extensive investment in R&D for carbon capture and upcycling waste streams into fragrances

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9️⃣ 2. Givaudan

Headquarters: Vernier, Switzerland
Key Offering: Bio-based fragrance compounds, natural extracts, biotech ingredients

Givaudan is one of the world’s largest fragrance and flavor houses, with a strong strategic focus on its “Natural Origins” and biotechnology platforms. The company leverages white biotechnology to create authentic and sustainable scent profiles, reducing reliance on petrochemicals and traditional agricultural sources.

Sustainability & Innovation Initiatives:

• Development of ingredients like Akigalawood®, a bio-based captive molecule with a unique scent profile
• Ambition to have 100% of its product portfolios aligned with “Givaudan’s Purpose” for sustainability by 2030
• Strategic partnerships with biotech start-ups to scale novel fermentation-derived fragrance ingredients

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8️⃣ 3. Symrise AG

Headquarters: Holzminden, Germany
Key Offering: Sustainable scent and care solutions, bio-acquired ingredients, natural fragrances

Symrise is a major global supplier of fragrances, flavorings, and cosmetic ingredients. Its Scent & Care division is highly active in sourcing and creating bio-based ingredients through green chemistry and biotechnology, focusing on traceability and environmental responsibility across its supply chain.

Sustainability & Innovation Initiatives:

• Proactive sourcing of sustainable raw materials through its “Sustainable Sourcing” program
• Investment in biotechnology for producing high-value fragrance ingredients like sandalwood and musk notes from renewable sources
• Target to increase the share of “responsibly sourced” natural raw materials to 100% by 2025

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Bio-based Fragrance Market – View in Detailed Research Report

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Biotech-based aroma ingredients, certified natural fragrances, performance chemicals

BASF’s Aroma Ingredients business unit is a significant player in producing key fragrance building blocks. The company utilizes its vast expertise in chemistry and biotechnology to develop bio-based versions of important molecules, such as L-Menthol and Citral, offering customers sustainable alternatives without compromising on quality.

Sustainability & Innovation Initiatives:

• Production of bio-based L-Menthol via a fully integrated biotechnology process
• Commitment to CO2-neutral growth until 2030 and reducing the carbon footprint of its products
• Development of “Biobased Content” standards for its product portfolio to enhance transparency

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6️⃣ 5. International Flavors & Fragrances Inc. (IFF)

Headquarters: New York, USA
Key Offering: Naturals, biotechnology-derived ingredients, sustainable scent creations

IFF, formed by the merger of IFF and DuPont’s Nutrition & Biosciences, possesses a powerful portfolio in fragrance and biotech. The company’s Life Science and Scent divisions collaborate to create next-generation bio-based fragrance ingredients, leveraging fermentation and enzymatic processes for a sustainable footprint.

Sustainability & Innovation Initiatives:

• Leadership in producing ingredients like Musk Lactone via biotechnology, offering a sustainable alternative to synthetic musks
• Goal to ensure 100% of its natural origin ingredients are traceable and sustainably sourced by 2025
• Dedicated R&D programs focused on green chemistry and renewable feedstocks

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5️⃣ 6. Takasago International Corporation

Headquarters: Tokyo, Japan
Key Offering: Bio-based fragrance ingredients, natural extracts, fine chemicals

Takasago is a leading fragrance and flavor manufacturer with a long history of innovation in asymmetric synthesis and biotechnology. The company invests heavily in developing bio-processes for key aroma chemicals, aiming to provide high-purity, sustainable ingredients for the global market.

Sustainability & Innovation Initiatives:

• Development of sustainable manufacturing processes for ingredients like menthol and musks
• Focus on utilizing biomass and other renewable resources as starting materials
• Commitment to reducing environmental impact through its “Eco-Products” certification system

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4️⃣ 7. Mane

Headquarters: Le Bar-sur-Loup, France
Key Offering: Natural and bio-based fragrances, sustainable raw materials

Mane is a family-owned fragrance and flavor company known for its commitment to quality and sustainability. It actively develops bio-based fragrance ingredients through partnerships and internal R&D, focusing on creating authentic scents with a reduced environmental footprint for its global clientele.

Sustainability & Innovation Initiatives:

• Investment in green extraction technologies for natural raw materials
• Active participation in sustainable sourcing initiatives for botanicals
• Development of upcycled fragrance ingredients from co-products of the food and agricultural industries

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Bio-based Fragrance Market – View in Detailed Research Report

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3️⃣ 8. Robertet SA

Headquarters: Grasse, France
Key Offering: Natural raw materials, bio-based aroma chemicals, absolutes and concretes

Robertet, with its roots in Grasse, the historic heart of perfumery, has a strong legacy in natural ingredients. The group is increasingly focusing on biotechnology to complement its traditional natural offerings, developing bio-identical and novel fragrance molecules from renewable sources to ensure supply chain resilience and sustainability.

Sustainability & Innovation Initiatives:

• Strong focus on preserving biodiversity through responsible sourcing of natural raw materials
• Exploration of biotech routes for producing high-value natural identical ingredients
• Commitment to transparency and traceability from “Seed to Scent”

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2️⃣ 9. Bedoukian Research, Inc.

Headquarters: Danbury, Connecticut, USA
Key Offering: Specialty aroma chemicals, many produced via biocatalysis and green chemistry

Bedoukian Research is a globally recognized manufacturer of specialty fragrance and flavor ingredients. The company specializes in synthetic organic chemistry with a growing emphasis on developing and scaling bio-catalytic and fermentation-based processes to create unique, high-purity, and sustainable aroma molecules.

Sustainability & Innovation Initiatives:

• Expertise in biocatalysis for the efficient and sustainable production of complex fragrance molecules
• Development of proprietary green chemistry pathways to reduce waste and energy consumption
• Focus on creating ingredients that are both high-performing and environmentally favorable

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1️⃣ 10. Anellotech

Headquarters: Pearl River, New York, USA
Key Offering: Bio-TCat™ technology platform for producing bio-based aromatics (BTX)

Anellotech is a sustainable technology company developing a novel catalytic pyrolysis process to produce bio-based benzene, toluene, and xylene (BTX) from non-food biomass. These bio-aromatics are fundamental building blocks that can be converted into key fragrance ingredients, offering a direct renewable alternative to petroleum-derived sources.

Sustainability & Innovation Initiatives:

• Pioneering the Bio-TCat™ process for producing 100% bio-based aromatics
• Strategic partnerships with major players like Suntory and IFP Energies Nouvelles to commercialize the technology
• Focus on enabling a circular economy for the chemical and fragrance industries

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Bio-based Fragrance Market – View in Detailed Research Report

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🌿 Outlook: The Future of Fragrance is Naturally Derived and Innovative

The bio-based fragrance market is experiencing a profound transformation. While traditional synthetic and natural extracts still hold significant market share, the industry is channeling substantial investment into biotechnology, green chemistry, and sustainable sourcing to meet evolving consumer and regulatory demands.

📈 Key Trends Shaping the Market:

• Accelerated adoption of industrial biotechnology (fermentation, biocatalysis) for cost-effective and scalable production of fragrance molecules
• Growing consumer and brand demand for transparency, traceability, and “clean” ingredient labels
• Regulatory pressure phasing out certain synthetic ingredients, driving the search for safe, sustainable alternatives
• Increased collaboration between fragrance houses, biotechnology firms, and agricultural partners to create resilient supply chains

The companies profiled are not just supplying ingredients; they are actively redefining the olfactory landscape by building a more sustainable and responsible future for the global fragrance industry.

Read Full Report:
Bio-based Fragrance Market – View in Detailed Research Report