Aroma Chemicals Market insights

Aroma Chemicals Market | Trends, Industry Analysis &
Forecast (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.
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.
For instance, according to Indian Brand Equity Foundation (IBEF),a trust
established by the Department of Commerce, Ministry of Commerce and
Industry, Government of India, the retail market in India generated a revenue of
US$ 600 billion in 2015 and is expected to nearly double to US$ 1 trillion by
2020, owing to income growth, urbanization, and attitudinal shifts. Asia Pacific
is expected to exhibit a CAGR of 7.15% over the forecast period and is
expected to reach US$ 1.40 billion by 2025.
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Based on the application, cosmetics and toiletries are the largest segment in
2016 and is expected to show the same trend during the forecast years.
Cosmetics and toiletries hold a revenue of US$ 1.35 billion and are expected to
grow at a CAGR of 5.80% from 2017 - 2025. The increasing awareness about
health and wellness coupled with the rise in the personal disposable income is
the major factor driving the growth of cosmetics and toiletries segment.
Major Players in the Global Aroma Chemicals Market
Major players operating in the global aroma chemicals market include Agilex
flavors and fragrances INC, BASF, Aromatech flavorings INC, Bell Flavors &
Fragrances Company, Flavorchem Corporation, and Vigon International INC.
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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 2025