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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