Aroma Ingredients Market Market size, Industry outlook, Market Forecast, Demand Analysis, Market Share, Market Report 2022-2027
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• The Aroma Ingredients market size is estimated to reach US$6.8 billion by 2027 and is forecasted to grow at a CAGR of 5.3% during the forecast period of 2022-2027. • Aroma Ingredients are natural or synthetic-based chemicals such as beta ionone, methylheptenone, dihydrolinalool and linalyl acetate that are used to incorporate desired fragrance in products.
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Key Takeaways
• Asia-Pacific dominates the aroma ingredients industry on account of the growing consumption of skincare cosmetics and home care products like detergents in the region which is influencing the demand for aroma ingredients. • New product launches in cosmetics and growing awareness regarding personal care will create more demand for aroma ingredients in products such as creams, lotions and deodorants thereby positively impacting the aroma ingredients industry outlook.
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Aroma Ingredients Market Segment Analysis – By Type The natural ingredient type held the largest share in the Aroma Ingredients market share in 2021 and is forecasted to grow at a CAGR of 5.6% during the forecast period 2022-2027. Natural aroma ingredients unlike synthetic ingredients such as beta ionone, methylheptenone, dihydrolinalool and linalyl acetate that are produced in laboratories, cause less irritation or allergies. Consumers have shifted their preferences toward natural & bio-based products especially in the cosmetics & personal care sector due to growing awareness about the harmful effects of the usage of chemicals. Thus, owing to advantageous features of natural ingredients over synthetic coupled with the growing consumer shift towards natural products is contributing to the segment growth of natural aroma ingredients during the forecast period. Contact: (+1) 970-2363677 Email: sales@industryarc.com
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Aroma Ingredients Market Industry Outlook 1. BASF SE 2. DSM 3. International Flavours & Fragrances Inc 4. Kao Chemicals 5. Solvay 6. Takasago International Cooperation 7. Keva 8. Symrise 9. Givaudan 10. Eternis Fine Chemicals Ltd
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