Europe Aroma Chemicals Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 2.95% |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Aroma Chemicals Market Analysis
The Europe Aroma Chemicals Market is expected to register a CAGR of 2.95% during the forecast period.
- The outbreak of COVID-19 had a mixed impact on the demand for aroma chemicals in Europe. Segments like soaps and detergents were positively impacted owing to the change in lifestyle, which necessitated the increase in hand washing frequencies and better hygiene in general, which led to increased usage of soaps, hand washes, and other products. However, demand for cosmetics and perfumes slowed down due to restrictions on social gatherings.
- One of the major factors driving the market studied is the growing demand for aromas in the cosmetic industry owing to the increased usage of these products by youth with an increase in awareness about skincare and protection.
- On the flip side, government regulations on aroma chemicals to ensure their safe usage in household and food and beverage product has been hindering the market growth.
- Advancement in technology for the extraction of aroma chemicals is expected to offer various opportunities for the growth of the market over the forecast period.
- In the European region, Germany is expected to dominate the market in terms of demand owing to the vivid presence and continuous expansion of major end-user industries.
Europe Aroma Chemicals Market Trends
Increasing Consumption from the Cosmetic Industry
- Aroma chemicals are commonly used in cosmetics, personal care, soaps, and detergents as an ingredient to enhance the aroma and provide a distinct fragrance to the product. The beauty and personal care industry has been steadily recovering from the aftermath of the pandemic in Europe.
- As per the data from the German Cosmetic, Toiletry, Perfumery and Detergent Association (IKW), the total sales value of cosmetic products, detergents, and other care and cleaning products sold in Germany reached EUR 30.10 billion (USD 35 billion) in 2022, growing by 7.9%, year-on-year. Furthermore, export sales witnessed strong growth of 15.6%, reaching EUR 10.60 billion (USD 12.32 billion) in 2022.
- According to data from IKW, German shoppers spent a total of EUR 14.30 billion (USD 16.62 billion) on various body care and cosmetics products during 2022, representing a yearly increase of 5.4%. Given the growing demand for cosmetic products, IKW has forecasted a growth of 2.5% in sales revenue for the year 2023.
- The cosmetic industry in Italy is well-established and highly profitable. According to data released by CosmeticaItalia, the cosmetics industry in Italy achieved a total turnover of EUR 13.3 billion (USD 14.6 billion) in 2022, registering a year-on-year increase of 12.1% in comparison to 2021. Furthermore, the cumulative growth achieved in 2021 and 2022 brought the cosmetic industry to levels exceeding pre-pandemic times.
- In 2022, the primary factor driving the growth of the cosmetics industry in Italy was exports, which amounted to EUR 5.9 billion (USD 6.4 billion), growing by 18.5% year-on-year. The value of exports contributes to around 40% of the total turnover of the cosmetic industry and is anticipated to grow further in 2023 with a projected growth rate of 10%.
- All these factors are indicative of the positive demand pattern for aroma chemicals in the cosmetic industry of Europe.
Germany to Dominate the Aroma Chemicals Market in Europe
- Aroma chemicals are known for enhancing flavor or fragrance in a wide range of food and beverages.
- Germany is the largest producer of food and food products in Europe, with the Food and Beverage industry representing the fourth-largest industrial sector in the country. The country is home to major global players, including Nestlé, Cargill, Südzucker, the Dr. Oetker Group, Arla, Mondelez Deutschland, and many more.
- According to the USDA's Foreign Agricultural Service report, the food processing industry of Germany, having a turnover of over USD 226 billion in 2022, accounted for around 5.8% of the country's GDP, with confectionery and long-life bakery products occupying 7.8% share by value. Furthermore, Germany accounts for supplying 16% of the total alcoholic beverages consumed in Europe.
- According to data from the Federation of German Food and Drink Industries (BVE), the food industry recorded sales of ~ EUR 18.9 billion (~USD 21.97 billion) in October 2022, registering a year-on-year growth of 17.3%.
- The Food and Beverage industry is anticipated to strengthen further given the relief measures put forth by the government to reduce the impact of the soaring energy prices in the country.
- Aroma chemicals are utilzied in houshold cleaning supplies to enhance the aroma and provide a pleasant fragrance.
- Germany is a major consumer of household products in Europe. As per the data provided by Federal Statistical Office (Destatis), approximately 14.7% of German household consumer spending was spent on food, beverages and tobacco products in 2022. Although this was a slight decrease with respect to previous year, the situation is likely to improve in the coming years with expected improvement in economic conditions and ease of war repercussions.
- All these factors, are an indicative of the dominant postion of Germany in the Europe aroma chemicals market.
Europe Aroma Chemicals Industry Overview
The Europe aroma chemicals market is fragmented by nature. Some of the major players in the market (in no particular order) include BASF SE, International Flavors & Fragrances Inc., Symrise, DSM-Firmenich, and MANE, among others.
Europe Aroma Chemicals Market Leaders
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BASF SE
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International Flavors & Fragrances Inc.
-
Symrise
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dsm-firmenich
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MANE
- *Disclaimer: Major Players sorted in no particular order
Europe Aroma Chemicals Market News
May 2023: Firmenich International SA ("Firmenich"), a manufacturer of flavor and fragrance, and aroma chemicals, announced the completion of its merger with DSM. The two entities now operate as DSM-Firmenich, as a leading innovation partner in nutrition, health, and beauty.
March 2023: Solvay announced plans for the decarbonization of its Aroma plant in France. A new mass boiler will be added to the plant as a part of the plan. The decarbonized operations from its plant will begin by 2025 end.
March 2023: BASF SE announced an investment in new aroma ingredients plants in Ludwigshafen, Germany, in line with the growing demand for flavors and fragrances. The plant is expected to come on stream by 2026.
Europe Aroma Chemicals Industry Segmentation
Aroma chemicals are highly volatile, complex aromatic compounds that are known for enhancing the flavor or fragrance of the formulations into which they are infused.
The Europe aroma chemicals market is segmented by type, application, and geography. By type, the market is segmented into terpenes, benzenoids, musk chemicals, and other types (esters, ketones, etc.). By application, the market is segmented into soap and detergents, cosmetics and toiletries, fine fragrances, household products, food and beverage, and other applications (textile, tobacco, candles, etc.). The report also covers the market size and forecasts in 5 countries across Europe.
For each segment, market sizing and forecasts are provided on the basis of value (USD).
| Type | Terpenes |
| Benzenoids | |
| Musk Chemicals | |
| Other Types (Esters, Ketones,etc.) | |
| Application | Soap and Detergents |
| Cosmetics and Toileteries | |
| Fine Fragrances | |
| Household Products | |
| Food and Beverage | |
| Other Applications (Textile, Tobacco, Candles, etc.) | |
| Geography | Germany |
| United Kingdom | |
| Italy | |
| France | |
| Spain | |
| Rest of Europe |
| Terpenes |
| Benzenoids |
| Musk Chemicals |
| Other Types (Esters, Ketones,etc.) |
| Soap and Detergents |
| Cosmetics and Toileteries |
| Fine Fragrances |
| Household Products |
| Food and Beverage |
| Other Applications (Textile, Tobacco, Candles, etc.) |
| Germany |
| United Kingdom |
| Italy |
| France |
| Spain |
| Rest of Europe |
Frequently Asked Questions
What is the current undefined size?
The undefined is projected to register a CAGR of 2.95% during the forecast period (2025-2030)
Who are the key players in undefined?
BASF SE, International Flavors & Fragrances Inc., Symrise, dsm-firmenich and MANE are the major companies operating in the undefined.
What years does this undefined cover?
The report covers the undefined historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the undefined size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Europe Aroma Chemicals Industry Report
Statistics for the 2025 Europe Aroma Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Aroma Chemicals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
