Global Aroma Chemicals Market – Industry Trends and Forecast to 2026

Global Aroma Chemicals Market By Type (Erpenes, Benzenoids, Musk Chemicals, Others), Ingredients (Alcohols, Aldehydes, Esters, Ketones, Lactones, Thiols and Others), Application (Soap & Detergents, Cosmetics & Toiletries, Fine Fragrances, Household Products, Food & Beverage, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026

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Market Analysis: Global Aroma Chemicals Market

Global aroma chemicals market is expected to rise to an estimated value of USD 6.5 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. The high growth of this market is due to the increasing expenditure on beauty and personal care products in developed countries such as China, and U.S

Market Definition: Global Aroma Chemicals Market

Aroma compounds are mainly recognised for odorants and for their smell. Aroma chemicals are mainly produced from natural oils and fats. These chemicals have wide applications in manufacturing variety of lifestyle products. There are several properties offered by aroma chemicals including volatility, polarity, stability, and surface activity. These compounds are mainly used in the preparation of fragrance in several commercial products including toiletries, perfumes and cleansing products. On the contrary these are used as taste enhancer in the processed foods and beverages as well.

Market Drivers:

• Growing need for effective health additives can act as a driver for the growth of this market
• Growing demand of aroma chemicals  in foods and beverages will also drive the growth of the market
• Growing awareness among consumers towards hygiene propels the market growth
• Growing expenditure on beauty and personal care products will also impede the market growth

Market Restraints:

• High cost of aroma products can hamper the market growth
• Volatility in raw material cost can act as a factor is restricting the growth of this market
• High cost incurred in the research and development process can also act as market growth barrier

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Segmentation: Global Aroma Chemicals Market

By Type

• Erpenes
• Benzenoids
• Musk Chemicals
• Others

 By Ingredients

• Alcohols,
• Aldehydes
• Esters
•  Ketones
•  Lactones
• Thiols
•  Others

By Application

• Soap & Detergents
• Cosmetics & Toiletries
• Fine Fragrances
• Household Products
• Food & Beverage
• Others

By Geography

• North America
  • US
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Turkey
  • Belgium
  • Netherlands
  • Switzerland
  • Rest of Europe
• Asia-Pacific
  • Japan
  • China
  • South Korea
  • India
  • Australia
  • Singapore
  • Malaysia
  • Indonesia
  • Thailand
  • Philippines
  • Rest of Asia-Pacific
• Middle East and Africa
  • South Africa
  • Egypt
  • Saudi Arabia
  • United Arab Emirates
  • Israel
  • Rest of Middle East and Africa

Key Developments in the Market:

• In November 2018, IMCD, a leading distributor of food ingredient and speciality chemicals acquired Aroma Chemical Agencies  Pvt. Ltd. and Alchemie Agencies Pvt. Ltd. The main aim behind this acquisition is to expand their product portfolio in coatings, plastics and other specialty chemical industries in order to gain high profit from it, which will further lead in the upliftment of the global aroma chemicals market
• In January 2018, SH Kelkar & Company Ltd acquired an Italian fragrance firm Creative Flavours and Fragrances. The main aim of this acquisition is to expand their international footprint and further emerge as one of the top 15 global players in the market which will ultimately boost the market growth

Competitive Analysis:

Global aroma chemicals market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of aroma chemicals market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the global aroma chemicals market are S H Kelkar and Company, Givaudan, KAO CHEMICALS EUROPE, S.L, Symrise, BASF SE, Takasago International Corporation, Agilex  Fragrances, AromaTech International, Bell Flavors & Fragrances, Kalpsutra Chemicals Pvt Ltd, Silverline Chemicals, Hindustan Mint & Agro Products Pvt Ltd, Veera Fragrances P.Ltd, PFW Aroma Chemicals B.V, YingYang (China) Aroma Chemical Group , Jiaxing WinTrust Flavours Co., Ltd., T.Hasegawa Inc., Vigon International, Inc., Solvay among others.

Research Methodology: Global Aroma Chemicals Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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