The global aroma ingredients market is anticipated to grow at a formidable rate during the forecast period owing to rising demand for personal care products like soaps and detergent around the world. The rise in per capita disposable income is also leading to growing tendency among consumers to look for sweet smelling consumer products. Further, the increasing demand for room fresheners, aerosol sprays and vehicle deodorizers are also supporting the growth of global aroma ingredients market.
Aroma ingredients bring out the desired fragrance in the product. They are used to enhance the flavour, scent and appeal of the product. Adding to this, the growing attention towards personal hygiene is contributing to the growing demand for perfumes, deodorants and other personal care products.
Global aroma ingredients market can be segmented based on type, application and region. Based on type, the market is segmented into aroma chemicals and essential oils. The aroma chemicals segment dominated the market in 2021 and is anticipated to continue its dominance in the market during the forecast period in terms of value owing to its low cost, easy availability, and consistency in quality.
Based on application, the global aroma ingredients market is segmented into homecare, personal care, fine fragrances & perfumes and others
Major companies operating in the global aroma ingredients market include Mane SA, International Flavors and Fragrances Inc, Givaudan SA, Frutarom Industries Ltd, Agilex Flavors and Fragrances, Inc, BASF SE, Robertet S.A., Fermenich International SA, Symrise AG, Takasago International, Hindustan Mint & Agro Products Pvt. Ltd and Sensient Technologies, among others. The key strategies adopted by major market players are new product launches and mergers & acquisitions.
Objective of the Study
- To analyse and forecast the market size of global aroma ingredients market.
- To forecast global aroma ingredients market based on type, application, company and regional distribution.
- To identify drivers and challenges for global aroma ingredients market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global aroma ingredients market.
- To identify and analyse the profile of leading players operating in the global aroma ingredients market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of aroma ingredient manufacturing companies across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the vendors which could not be identified due to the limitations of secondary research.
Market insights research calculated global aroma ingredients market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. Market insights research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by Market insights research.
Key Target Audience
- Aroma ingredient manufacturing companies/partners
- Suppliers/Distributers
- End-Users
- Government bodies such as regulating authorities and policy makers
- Organizations, industry associations, forums and alliances related to aroma ingredients market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as aroma ingredient manufacturing companies and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Years | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million, Volume in Units, and CAGR for 2017-2021 and 2022-2027 |
Report Coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | Type Application |
Regional Scope | North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa |
Country Scope | United States; Canada; Mexico; China; India; Japan; Malaysia; Thailand; Indonesia; Vietnam; South Korea; Germany; France; United Kingdom; Spain; Italy; Belgium; Russia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; South Africa; Egypt |
Key Companies Profiled | Mane SA, International Flavors and Fragrances Inc, Givaudan SA, Frutarom Industries Ltd, Agilex Flavors and Fragrances, Inc, BASF SE, Robertet S.A., Fermenich International SA, Symrise AG, Takasago International, Hindustan Mint & Agro Products Pvt. Ltd and Sensient Technologies |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |