Global Aroma Chemicals Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Aroma Chemicals Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Type (Terpenes, Benzenoids, Musk Chemicals, and Others), Application (Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Products, Food and Beverage, and Others), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Aroma Chemicals Market was valued at USD 4,177.3 million in 2023 and is expected to reach USD 6,009.1 million by 2031 while growing at a CAGR of 4.7% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global aroma chemicals market growth. Aroma chemicals, also referred to as flavor and fragrance (F&F) chemicals, are compounds enhancing the scent or flavor of products. Applied in diverse industries such as fragrance, food, and cosmetics, these chemicals are instrumental in crafting specific and appealing aromas.
Increasing consumer demand for fragrances and flavors, coupled with the expanding personal care and cosmetics industry, is propelling the growth of the aroma chemicals market. Despite this positive trend, obstacles like stringent regulations, safety concerns, and sustainability and environmental issues may impede the market's expansion.
Furthermore, the global aroma chemicals industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Type Analysis
The Global Aroma Chemicals Market is segmented among Terpenes, Benzenoids, Musk Chemicals, and Others, based on Type. In 2023, Terpenes accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Analysis
The Global Aroma Chemicals Market is segmented among Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Products, Food and Beverage, and Others, based on Application. In 2023, Fine Fragrances accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Aroma Chemicals Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Asia Pacific dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are BASF SE, Bell Flavors & Fragrances, DSM, Givaudan, Hindustan Mint and Agro Products Pvt. Ltd., Kalpsutra Chemicals Pvt. Ltd, Kao Corporation, Robertet Group, S H Kelkar and Company Limited, and Silverline Chemicals.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Aroma Chemicals Market Dynamics
Drivers
Restraints
Opportunity
4. Global Aroma Chemicals Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Aroma Chemicals Market Segmentation, By Type
Global Aroma Chemicals Market Share Analysis, By Type
Global Aroma Chemicals Market Growth Analysis, By Type
Global Aroma Chemicals Market Trends, By Type
o Terpenes
o Benzenoids
o Musk Chemicals
o Others
6. Global Aroma Chemicals Market Segmentation, By Application
Global Aroma Chemicals Market Share Analysis, By Application
Global Aroma Chemicals Market Growth Analysis, By Application
Global Aroma Chemicals Market Trends, By Application
o Soap and Detergents
o Cosmetics and Toiletries
o Fine Fragrances
o Household Products
o Food and Beverage
o Others
7. Global Aroma Chemicals Market Segmentation, By Region
Global Aroma Chemicals Market Share Analysis, By Region
Global Aroma Chemicals Market Growth Analysis, By Region
Global Aroma Chemicals Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
8. Competitive Landscape
BASF SE.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Bell Flavors & Fragrances
DSM
Givaudan
Hindustan Mint and Agro Products Pvt. Ltd.
Kalpsutra Chemicals Pvt. Ltd
Kao Corporation
Robertet Group
S H Kelkar and Company Limited
Silverline Chemicals
*Similar analysis will be provided for each company listed above.
