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Market Summary

The global aroma ingredients market is forecast to reach USD 3.60 Billion by 2026, according to a new report by Reports and Data. Aroma ingredients are elementary substances which are contaminated in different end-use solutions to manufacture perfumes, toiletries, food scents, medical components and others. Certainly, the aroma ingredients are the primary chemical additives which fabricate the odorants or fragrances in an application and also create distinctive flavors in food and beverage. Other than working as a fragrance initiator, aroma ingredients help enhance the mood and intensify the potency with active freshness. Aromatherapy is the century-old holistic healing treatment process that mostly uses the natural aroma ingredients to soothe the mind and body and reduce insomnia, headache, and other mental illness. The millennium-old practice of using aromatic compounds have always been augmenting the aroma ingredients market, and biotechnological advancements have helped grow the synthetic aroma ingredient.

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Global aroma ingredients market is growing significantly as the demand for perfumes and body deodorants have been going up substantially in recent years. The practice of using aroma ingredients in the cosmetics and new product line-ups with toilet accessories have fueled the market growth. Medical products and treatments using aroma ingredients are driving the market, which would actively help this market grow throughout the forecast period.

The European region is holding the highest market share of about 34.2% in 2018 in the Aroma Ingredients market, followed by the Asia Pacific region, with 26.1% of market share. APAC, owing to its practice of using food-grade aroma ingredients and rise in the toiletries industries, the region is forecasted to grow at the fastest CAGR of 5.9% throughout the forecast period. China, India, and Thailand are some of the most active contributors in this region.

Key Coverage of the Report

Region and country wise statistics of the global Aroma Ingredients market from the period 2016-2026. While 2016 & 2017 has been utilized as historical data, 2018 is considered the base year. 2019-2026 have been derived as forecasts.

Estimation of the market size along with historical and forecasted trend analysis.

Various types of alternatives available have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.

The regulatory framework of each region.

Regional up-coming research and application outlook.

Status of on-going developments.

Demand and Supply GAP Analysis

Regional Competitors Pricing Strategy

Market share analysis of the top industry players

Strategic recommendations for the new entrants

Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)

Strategic recommendations in key business segments based on the market estimations

Competitive landscaping mapping the key common trends

Company profiling with detailed strategies, financials, and recent developments.

Salient Trends of the Aroma Ingredients Market

The extraordinary growth in the perfume & deodorant market due to impressive new product line-ups and active youth consumer base is the prime diver of this market. The perfumes are solely made by the synthetic chemical compounds. Because of the biotechnological advancements, the synthetic ingredients have accomplished a considerable improvement. New odors and flavors have been accumulated according to various tastes, which would cater to new consumers resulting in the final market growth.

Toxicity of the perfumes can lead to harmful skin diseases, acute skin rashes, dryness, skin-burn, and other detrimental effects. The market witnessed a massive restraint due to these harmful effects of the toxicity of many toiletry products made of synthetic ingredients. Different regulations have been made against harmful ingredients, which included a few of the food additives also.

Interior usage products are the household and car interior used products which odorize the interior premises of home and car and keep them fresh. This segment would reach a market share of 25.0%. The CAGR of this segment is calculated to be 4.9% in the period 2019 – 2026.

Citrus odors are derived from lemon, lime, tangerine and also mandarin and have the essence of citrus, which offers a tangy feeling in its fragrance. Citrus fragrances are capable of producing a naturally refreshing taste and is perfect for use during the daytime. Citrus based fragrances are used in perfumes, deodorants, soaps, body washes and beverages also. The segment had a market share of 11.7% in 2018.

Terpenes aromatic compounds have cyclic and linear Terpenes, which are mostly capable of odorizing woody, citrus, and some floral smells. This segment would achieve a market share of 21.6% by 2026 and would grow with a CAGR of 5.1% during the forecast period.

APAC, with its massive incremental consumer base in cosmetics & toiletries industries, is growing with the fastest CAGR of 5.9% throughout the forecast period.

North America is forecasted to gain 21.7% of market possession by 2026 with a CAGR of 4.4% in the forecast period.

Europe is forecasted to sustain its domination in the market with the highest revenue of USD 1.12 Billion in the year 2026, owing to its century-old formulations and R&D in the perfume & cosmetics industries from the pioneer countries of the market such as France, England, and Germany.

In August 2019, Symrise AG, a global leader of fragrances and flavors, headquartered in Germany, has opened a new laboratory in Holzminden, Germany for expanding the product line-ups of the micro protection category within the cosmetic ingredients division. This new division would build a portfolio of the safe and effective preservatives and multifunctional ingredients as well as skin protection products such as anti-dandruff, active deodorants, and hygiene solutions.

Companies considered and profiled in this market study

International Flavors & Fragrances Inc., Symrise AG, Takasago International Corporation, Mane SA, Robertet Group, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., Frutarom Industries Ltd., Givaudan, and Bell Flavors & Fragrances.

Market-O-Nomics

The valuation for the global aroma ingredients market was USD 2.57 Billion in 2018, and it is forecasted to reach USD 3.60 Billion by 2026.

Cosmetics & Toiletries sub-segment will have a significant growth rate of 5.8% in the forecast period.

The floral segment had a market share of 16.3% in the year 2018. The CAGR is calculated to be the fastest with 6.1% throughout the forecast period.

The fruity segment is expected to gain a market revenue of USD 0.45 Billion by 2026 and would grow at a CAGR of 3.6% during the forecast period.

Esters will achieve a considerable market revenue of about USD 1.00 Billion by 2026, growing with a CAGR of 5.5% during the forecast period.

Synthetic Ingredients segment by Type is measured to grow at a CAGR of 3.9% throughout the forecast period.

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this report, Reports and Data have segmented the global aroma ingredients market on the basis of the type of fragrances, chemical compounds, type, applications, and region:

Type of Fragrances Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Floral

Woody

Citrus

Fruity

Musky

Menthol

Spicy

Oceanic

Savory

Others

Chemical Compounds Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Esters

Terpenes

Alcohols

Aldehydes

Ketones

Lactones

Aromatic

Others

Type Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Natural Ingredients

Synthetic Ingredients

Applications Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

Cosmetics & Toiletries

Interior Usage Products

Foods & Drinks

Medical Usage

Others

Regional Outlook (Volume: Kilo Tons; Revenue: USD Billion; 2016-2026)

North America U.S.

Europe UK France

Asia Pacific China India Japan

MEA

Latin America Brazil

