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Aroma Ingredients Market

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Future <strong>Market</strong> Insights<br />

Global<br />

<strong>Aroma</strong> <strong>Ingredients</strong><br />

<strong>Market</strong><br />

Share, Global Trends,<br />

Analysis, Research,<br />

Report, Opportunities,<br />

Segmentation and<br />

Forecast,<br />

2016-2026<br />

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Report Description<br />

<strong>Aroma</strong> chemical is a complex fusion of natural and/or synthetic ingredients that are<br />

added to various products in order to incorporate desired odor. These ingredients are<br />

widely used in consumer care and personal care products. Personal care industry is one<br />

of the major application industry for aroma ingredients market. The global aroma<br />

ingredients market has witnessed steady growth over the recent past owing to increasing<br />

demand for natural aroma ingredients. Soaps and detergent is estimated to account for a<br />

significant share in the global aroma ingredients market followed by cosmetics and<br />

toiletries applications. The global aroma ingredients market is expected to register a<br />

steady growth during forecast period.<br />

Global <strong>Aroma</strong> <strong>Ingredients</strong> <strong>Market</strong>: Drivers<br />

Introduction of innovative and novel products especially in cosmetics, toiletries, and skin<br />

care and hair care products has driven the overall growth of the global aroma ingredients<br />

market. The increasing demand for natural ingredients coupled with change in consumer<br />

preferences are considered to be the important driver for global aroma ingredients<br />

market. Furthermore, significant technological advancements have also fuelled the<br />

growth of the market. Moreover, the increase in demand from the emerging and<br />

developing nations for natural fragrance due to health concerns related to synthetic<br />

chemicals is likely to act as an opportunity for the growth of the global aroma ingredients<br />

market. These factors are likely to drive the global aroma ingredients market during the


Report Description<br />

forecast period. A key trend witnessed in global aroma chemicals market is that the key<br />

aroma chemical producers are responding to growing opportunities by expanding their<br />

global presence. One of the major factor that is likely to restrict growth in demand for<br />

natural aroma ingredients is high costs associated with switching from synthetic<br />

chemical to natural ingredients.<br />

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Global <strong>Aroma</strong> <strong>Ingredients</strong> <strong>Market</strong>: Segmentation<br />

The global aroma ingredients market can be segmented on the basis of type, application<br />

and region. On the basis of type, the global aroma ingredients market can be segmented<br />

into<br />

essential oils<br />

aroma chemicals<br />

Essential oils segment can further be sub-segmented into menthe arvensis, cedar wood,<br />

orange, eucalyptus, citronella and others (basil, clove, jamrosa, litsea cubica, sassafras,<br />

coriander, patchouli, camphor and lemon grass) Whereas, aroma chemicals segment<br />

can further be sub-segmented into turpenes, musk chemical, benzenoids and others<br />

(alicyclic, heterocyclic and aliphatic compounds).


Report Description<br />

On the basis of application, the global aroma ingredients markets can be segmented into<br />

cosmetic and toiletries<br />

soap and detergents<br />

fine fragrance<br />

Others (household products, aroma therapy and pesticides).<br />

Global <strong>Aroma</strong> <strong>Ingredients</strong> <strong>Market</strong>: Region Wise Outlook<br />

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On the basis of regions, Europe is expected to be a promising revenue generating region<br />

for the global aroma ingredients market and is expected to grow at steady growth rate<br />

during forecast period. Latin America and Asia Pacific are anticipated to witness<br />

relatively faster growth both in terms of value and in terms of volume. Potential<br />

opportunities in Asia Pacific and Latin America due to availability of labor and low cost of<br />

raw materials are expected to drive growth in these regions over the forecast period.<br />

North America and Middle East & Africa are also expected to show positive growth in the<br />

near future.<br />

Global <strong>Aroma</strong> <strong>Ingredients</strong> <strong>Market</strong>: Key Players


Report Description<br />

Some of the key players identified in the global aroma ingredients market are as follows:<br />

BASF SE<br />

Mane SA<br />

International Flavors and Fragrances Inc.<br />

Givaudan SA<br />

Fermenich International SA<br />

Frutarom Industries Ltd.<br />

Symrise AG<br />

Agilex Flavors and Fragrances, Inc.<br />

Hindustan Mint & Agro Products Pvt. Ltd.<br />

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