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Global Aroma Chemicals Market to reach USD 8.51 billion by 2027.

Global Aroma Chemicals Market Size study, by Source (Natural and Synthetic), Chemical (Benzenoids, Musk Chemicals, Terpenes & Terpenoids, and Others), Application (Flavours and Fragrance) and Regional Forecasts 2021-2027

Product Code: CAMCAC_15823979
Publish Date: 12-04-2021
Page: 200

Global Aroma Chemicals Market is valued approximately USD 5.81 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.6 % over the forecast period 2021-2027. Aroma compounds, commonly known as fragrances and odourants, are used to create a composition that resembles natural scents. Natural fats and oils are used as raw materials to make aroma compounds, which are used in a wide range of lifestyle products. The increasing demand for cosmetics and personal care products with essential oils, changing lifestyle and urbanization has boosted the market to aroma chemicals. Increasing use of sustainable products the increasing awareness about organic products has contributed towards natural and organic cosmetics. Thus increasing the use of aroma chemicals in these products. For instance, According to report of Fragrance and flavour Department Center, India, in 2018, the estimated production of Essential oils is $4 billion. And according to Comtrade, the world export of essential oils was $4.38 billion USD and import was $4.54 billion USD in 2016. Also, as per the report of Global Wellness Institute, the personal care, beauty and anti-aging industry accounted to $1083 billion in 2018. However, covid-19 has caused a fall in revenue and profit due to which the aroma chemical market has been severely impacted. Also the use of synthetic chemicals which may cause cancer, asthma, allergies etc., which hinders the growth of the market over the forecast period of 2021-2027. Also, the rise in population will also result in the increased demand for household products having good fragrances and the research and development like artificial intelligence have helped in creating cleaner are greener molecules of aroma chemicals thus creating new market opportunities for the market growth during the forecast period.

Asia Pacific, North America, Europe, Latin America, and the Rest of the World are considered in the geographical analysis of the global aroma chemicals industry. Europe is the leading region across the world in terms of market share attributing to the increasing demand of fragrances in soaps and detergents, increasing consumer spending on luxury and premium fragrances and improving standard of living. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as rising disposable income, increasing personal care industry along with the increase demand of organic or natural products would likely to create growth opportunities for the Aroma Chemicals market across Asia-Pacific region.

Major market player included in this report are:
Agilex Flavors & Fragrances
Hindustan Mint and Agro Products
AromaTech International
Veera Fragrances
Silverline Chemicals
BASF
Symrise
Kalpsutra Chemicals Pvt. Ltd.
Kao Corporation
Bell Flavors & Fragrances
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Source:
Natural
Synthetic
By Chemical:
Benzenoids
Musk Chemicals
Terpenes & Terpenoids
Others
By Application:
Flavours
Fragrance
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Aroma Chemicals Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Aroma Chemicals Market, by Region, 2019-2027 (USD Billion)
1.2.2. Aroma Chemicals Market, by Source, 2019-2027 (USD Billion)
1.2.3. Aroma Chemicals Market, by Chemical, 2019-2027 (USD Billion)
1.2.4. Aroma Chemicals Market, by Application, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Aroma Chemicals Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Aroma Chemicals Market Dynamics
3.1. Aroma Chemicals Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Aroma Chemicals Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Aroma Chemicals Market, by Source
5.1. Market Snapshot
5.2. Global Aroma Chemicals Market by Product Type, Performance – Potential Analysis
5.3. Global Aroma Chemicals Market Estimates & Forecasts by Product Type 2018-2027 (USD Billion)
5.4. Aroma Chemicals Market, Sub Segment Analysis
5.4.1. Natural
5.4.2. Synthetic
Chapter 6. Global Aroma Chemicals Market, by Chemical
6.1. Market Snapshot
6.2. Global Aroma Chemicals Market by Chemical, Performance – Potential Analysis
6.3. Global Aroma Chemicals Market Estimates & Forecasts by Chemical 2018-2027 (USD Billion)
6.4. Aroma Chemicals Market, Sub Segment Analysis
6.4.1. Benzenoids
6.4.2. Musk Chemicals
6.4.3. Terpenes & Terpenoids
6.4.4. Others
Chapter 7. Global Aroma Chemicals Market, by Application
7.1. Market Snapshot
7.2. Global Aroma Chemicals Market by Application, Performance – Potential Analysis
7.3. Global Aroma Chemicals Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
7.4. Aroma Chemicals Market, Sub Segment Analysis
7.4.1. Flavours
7.4.2. Fragrance
Chapter 8. Global Aroma Chemicals Market, Regional Analysis
8.1. Aroma Chemicals Market, Regional Market Snapshot
8.2. North America Aroma Chemicals Market
8.2.1. U.S. Aroma Chemicals Market
8.2.1.1. Source breakdown estimates & forecasts, 2018-2027
8.2.1.2. Chemical breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada Aroma Chemicals Market
8.3. Europe Aroma Chemicals Market Snapshot
8.3.1. U.K. Aroma Chemicals Market
8.3.2. Germany Aroma Chemicals Market
8.3.3. France Aroma Chemicals Market
8.3.4. Spain Aroma Chemicals Market
8.3.5. Italy Aroma Chemicals Market
8.3.6. Rest of Europe Aroma Chemicals Market
8.4. Asia-Pacific Aroma Chemicals Market Snapshot
8.4.1. China Aroma Chemicals Market
8.4.2. India Aroma Chemicals Market
8.4.3. Japan Aroma Chemicals Market
8.4.4. Australia Aroma Chemicals Market
8.4.5. South Korea Aroma Chemicals Market
8.4.6. Rest of Asia Pacific Aroma Chemicals Market
8.5. Latin America Aroma Chemicals Market Snapshot
8.5.1. Brazil Aroma Chemicals Market
8.5.2. Mexico Aroma Chemicals Market
8.6. Rest of The World Aroma Chemicals Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Agilex Flavors & Fragrances
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. Hindustan Mint and Agro Products
9.2.3. AromaTech International
9.2.4. Veera Fragrances
9.2.5. Silverline Chemicals
9.2.6. BASF
9.2.7. Symrise
9.2.8. Kalpsutra Chemicals Pvt. Ltd.
9.2.9. Kao Corporation
9.2.10. Bell Flavors & Fragrances
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

The study of the market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geographies to provide a better regional outlook. In the report, country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. Our analysts contact company executives, managers, key opinion leaders, and industry experts. This enables our analyst to derive the closest possible figures without any major deviations in the actual number.

Primary Research Sources:

  • Interview conducted with raw material suppliers & manufacturers.
  • Interview conducted with manufacturers, suppliers & distributors, researchers, & representatives of regulatory bodies.
  • Interview conducted with market players, industry experts, & independent consultants.
  • Secondary Research Sources:
  • Purchased Database: D&B Hoovers, Bloomberg, Inc., Business Information Industry Association, NAICS Association.
  • Internal Database: White papers, Certified Publications, Articles by Recognized Authors and Regulatory Bodies.
  • Government Databases: Food and Agriculture Organization (FAO), European Industrial Hemp Association (EIHA), World Health Organization (WHO), Food and Drug Administration (FDA), International Telecommunication Union (ITU), United States Department of Agriculture (USDA), International organization of Motor Vehicle Manufacturers (OICA).

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