Aroma Chemicals Market Segmented By Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2025

Aroma Chemicals Market Segmented By Insights, Size,
Share, Opportunity Analysis, and Industry Forecast till 2025
Aroma chemicals are a mixture of synthetic or natural ingredients that are added
to various substances to obtain the desired fragrance. These chemical
compounds help substantially in manufacture of flavorants used in the
preparation of food for the enhancement of flavor. Aroma chemicals have wide
range of application and are mostly found in food, spices, wine, perfumes,
detergents, soaps, and fragrance oils. These chemicals are also added to odorless
gases to incorporate distinct smell.
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The growing demand for cosmetics, healthcare products, food, personal care,
and household products throughout the globe is a major factor driving the
growth of aroma chemicals market. The growing consumer preferences coupled
with growth in the retail sector in emerging economies has augmented the
cosmetics and healthcare products, which in turn is driving growth of aroma
chemicals market globally. The increasing demand for processed food globally
is also adding to the market growth.
On the basis of region, the global aroma chemicals market is segmented into
North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
In 2016, Europe was the leading region, followed by North America and Asia
Pacific in the global aroma chemicals market in terms of revenue, and is
expected to remain dominant over the forecast period. However, North America
held the largest share in the market with a CAGR of 24%, followed by Asia
Pacific (18.40 %) in 2016. The major factors such as increasing disposable
income has generated demand for cosmetic and healthcare products, which in
turn fuels the growth of aroma chemicals market. Widespread awareness of
consumers along with developing retail sector especially in India and China has
boosted the demand for homecare and fragrance products in Asia Pacific, which
increases the market demand.
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Aroma Chemicals Market report categorizes the global market by Composition (Esters, Amines, Linear Terpenes, Cyclic Terpenes, and Aromatic), and Geography - Insights, Size, Share, Opportunity Analysis, and Industry Forecast till 2