Aroma Chemicals Market | Growth, Trends, and Forecast (2020

ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
TABLE OF CONTENTS

Market Snapshot

Study Period:

2016 - 2026

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

5 %

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Market Overview

The aroma chemicals market is expected to register a CAGR of over 5% during the forecast period. The major factors driving the market studied include the blooming use in the fragrance industry.

High cost for R&D is expected to significantly hinder the growth of the market studied.
Europe is expected to dominate the global market during the forecast period.
Advancements in technology is likely to act as an opportunity in the future.

Scope of the Report

The aroma chemicals market includes:

Type
		Terpenes
		Benzenoids
		Musk Chemicals
		Other Types

Application
		Soap and Detergents
		Cosmetics and Toiletries
		Fine Fragrances
		Household Products
		Food and Beverage
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Key Market Trends

Growing Demand from Fine Fragrances Application

Aroma chemicals are an important group of organic molecules used as ingredients in flavors and fragrances.
Formulations of fragrance from aroma chemicals are used globally, for imparting attractive aroma and pleasing scents to perfumes, toiletries, and detergents.
The growth of the fragrance industry is primarily driven by the increase in demand for natural fragrances from developing nations and significant technological advancements to meet the changing consumer demands.
Additionally, the increasing demand for customizable and niche fragrances is driving the consumption of aroma chemicals, since consumers are looking for personalized fragrance experiences and exotic scents.
Further, the rising importance of organic and natural fragrances in aromatherapy, which influences the emotional and psychological wellbeing, is expected to drive the demand for the market studied.

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China to Dominate the Asia-Pacific Market

China is the world’s second-largest economy in terms of growth and the increasing level of income of the country’s population is further driving the economy. Though the economy witnessed a steady growth in the past years, it is likely to recover and expand at a significant rate.
In China, the largest fragrance markets are predictably located in the most developed cities, such as Beijing and Shanghai.
The demand for fragrance in soaps and detergents was one of the market drivers, and this segment is estimated to continue to grow during the forecast period, primarily due to the increasing household applications.
China has the largest personal care market in Asia-Pacific, which is estimated to grow around 7-10% annually, throughout the forecast period.
Furthermore, countries, such as India and Japan have also been contributing to the growth of the market studied. This is expected to further drive the demand for the aroma chemicals market over the forecast period.

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Competitive Landscape

The aroma chemicals market is fragmented in nature. Some of the major players of the market studied include Takasago International Corporation, Solvay, Kao Corporation, HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD., and BASF SE, among others.

Major Players

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1. INTRODUCTION
1. 1.1 Study Assumptions
2. 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
1. 4.1 Drivers
  1. 4.1.1 Blooming Use in Fragrance Industry
  2. 4.1.2 Increasing Demand from Asia-Pacific and South America
2. 4.2 Restraints
  1. 4.2.1 High R&D Costs
  2. 4.2.2 Other Restraints
3. 4.3 Industry Value-Chain Analysis
4. 4.4 Porter's Five Forces Analysis
  1. 4.4.1 Bargaining Power of Suppliers
  2. 4.4.2 Bargaining Power of Consumers
  3. 4.4.3 Threat of New Entrants
  4. 4.4.4 Threat of Substitute Products and Services
  5. 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
1. 5.1 Type
  1. 5.1.1 Terpenes
  2. 5.1.2 Benzenoids
  3. 5.1.3 Musk Chemicals
  4. 5.1.4 Other Types
2. 5.2 Application
  1. 5.2.1 Soap and Detergents
  2. 5.2.2 Cosmetics and Toiletries
  3. 5.2.3 Fine Fragrances
  4. 5.2.4 Household Products
  5. 5.2.5 Food and Beverage
  6. 5.2.6 Other Applications
3. 5.3 Geography
  1. 5.3.1 Asia-Pacific
    1. 5.3.1.1 China
    2. 5.3.1.2 India
    3. 5.3.1.3 Japan
    4. 5.3.1.4 South Korea
    5. 5.3.1.5 Rest of Asia-Pacific
  2. 5.3.2 North America
    1. 5.3.2.1 United States
    2. 5.3.2.2 Canada
    3. 5.3.2.3 Mexico
  3. 5.3.3 Europe
    1. 5.3.3.1 Germany
    2. 5.3.3.2 United Kingdom
    3. 5.3.3.3 Italy
    4. 5.3.3.4 France
    5. 5.3.3.5 Rest of Europe
  4. 5.3.4 South America
    1. 5.3.4.1 Brazil
    2. 5.3.4.2 Argentina
    3. 5.3.4.3 Rest of South America
  5. 5.3.5 Middle-East and Africa
    1. 5.3.5.1 Saudi Arabia
    2. 5.3.5.2 South Africa
    3. 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
2. 6.2 Market Share Analysis**
3. 6.3 Strategies Adopted by Leading Players
4. 6.4 Company Profiles
  1. 6.4.1 Aromatech
  2. 6.4.2 BASF SE
  3. 6.4.3 Fairchem Speciality Ltd
  4. 6.4.4 HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD.
  5. 6.4.5 Kalpsutra Chemicals Pvt. Ltd
  6. 6.4.6 Kao Corporation
  7. 6.4.7 PFW Aroma Chemicals (Kelkar Group)
  8. 6.4.8 Robertet
  9. 6.4.9 S H Kelkar And Company
  10. 6.4.10 Sensient Technologies
  11. 6.4.11 Silverline Chemicals
  12. 6.4.12 Solvay
  13. 6.4.13 SymriseAG
  14. 6.4.14 Takasago International Corporation
  15. 6.4.15 Treatt Plc

*List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS
1. 7.1 Advancements in Technology
2. 7.2 Other Opportunities

** Subject to Availability

Aroma Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Snapshot

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Scope of the Report

Key Market Trends

Growing Demand from Fine Fragrances Application

China to Dominate the Asia-Pacific Market

Competitive Landscape

Major Players

You can also purchase parts of this report. Do you want to check out a section wise price list?

Table Of Contents

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