242 Users Online
Aroma Chemicals Market Segmented By application such as Synthetic, Natural with chemical type such as Terpenes, Benzonoids, Musk chemicals, Others
Aroma compounds, also known as fragrances and odourants, are used to replicate a desired composition resembling natural fragrances. Aroma chemicals are produced using natural fats and oils as raw materials, and they are specifically used in a wide variety of lifestyle products. Aroma chemicals are used to prepare fragrance formulations for consumer goods, such as perfumes, toiletries and cleaning products.
As smell also affects the taste of edible goods, aroma chemicals are also used to enhance taste in processed foods and beverages. Aroma chemical providers are focusing on developing natural versions of synthetic flavouring agents to gain a competitive advantage in the market.
Aroma chemicals have become necessary additives for health, personal care, and food and beverage products, making this a very stable market as end products are resistive to commodity cycles and recession. The use of sulphur-containing molecules in fragrances have led to the creation of new compositions for fine fragrances.
Globally, aroma chemical manufacturers are expected to come up with new flavours and fragrances, due to a wide range of variation options available for perfumers using sulphur-based chemicals.
FREE Report Sample is Available
In-depth report coverage is now just a few seconds away
Get FREE Report Sample
Personal expenditure on consumer durables has increased significantly in the last decade. This has increased global spending on beauty and personal care products, medicines, and household care products, which is driving growth of the aroma chemicals market across the globe.
Rise in population will also play a key role in increasing demand for essential consumer products, such as cleaning products and cosmetics that use aroma chemicals as ingredients. Growing awareness among consumers towards hygiene is expected to drive growth of the aroma chemicals market in the coming years.
Perfumers are looking to create new fragrances with traditionally-used aroma chemical flavours. For instance, the use of fruit and chocolate notes in perfumes have opened doors for a new range of consumer products, owing to the growing demand for custom fragrances.
Aroma chemical manufactures are looking forward to developing the next generation of speciality flavouring and fragrance ingredients through collaboration with leading academic groups in biochemical sciences and innovation focused local players. End products that use aroma chemicals are price sensitive and fall under a highly competitive marketplace.
Consumer behaviour puts a major restraint on this market, since consumers may shift to substitute products available at less prices. So, aroma chemical providers face the challenge of offering aroma chemicals at the least possible cost, so as to ultimately reduce the cost of end products. Aroma chemicals also need to meet relevant food, health, and safety and quality standards, including ISO 9000, HACCP and Kosher, which may limit introduction of new chemicals in the market.
Make This Report Your Own
Take Advantage of Intelligence Tailored to your Business Objective
Get a Customized Version| On the basis of application |
|
| On the basis of chemical type |
|
| On the basis of application |
|
| On the basis of ingredients |
|
The global aroma chemical market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). APEJ is expected to emerge as a relatively fast growing region among the rest, owing to increasing disposable income, specifically in emerging economies, such as India and China.
The market for aroma chemicals in Latin America will be led by Brazil. It is projected to grow significantly due to the growing demand for cosmetics, food & beverages, and personal grooming products in the region. However, North America and Europe will hold a major share in the global aroma chemicals market, due to a huge demand for lifestyle products in the region.
Sales Team
Client Partner
Examples of some of the market participants in the global aroma chemicals market identified across the value chain include:
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
