Market Research Report
Global Aroma Chemicals Market - 2018 - 2025
|Published by||DataM Intelligence||Product code||759028|
|Published||Content info||130-180 Pages
Delivery time: 1-2 business days
|Global Aroma Chemicals Market - 2018 - 2025|
|Published: November 1, 2018||Content info: 130-180 Pages||
Global Aroma Chemicals Market Overview
Aroma chemicals are an essential group of organic molecules used as ingredients in flavour and fragrance compositions. Aroma chemicals can be found in food, wine, spices, essential oils, perfumes, and fragrance oils. Most of the aroma chemicals are formed biochemically during the ripening process of fruits and crops.
Global Aroma Chemicals Market was worth USD XX million in 2017 and is forecasted to reach USD XX million by 2025, growing at a CAGR of XX% during the forecast period (2018-2025).
Global Aroma Chemicals Market - Market Dynamics
The growing demand for 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 personal care 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.
Moreover, the rise in population will also result in the increased demand for household products such as cleaning products, candles, and incense sticks, subsequently driving the growth of the aroma chemicals market in the coming years.
Global Aroma Chemicals Market - Segment Analysis
Global Aroma Chemicals Market - By Type, In 2017
Global Aroma Chemicals Market is categorized by type such as Natural and Synthetic. Of these, Synthetic type plays a major role as a component, owing to their existing availability and relatively lower cost as compared with natural molecules.
Further, Synthetic type uses many different chemicals to simulate the natural scents of many different flavours. From scents such as raspberry, vanilla, and coconut to savory aromas. Synthetic type aromas can be used for a number of different scent solutions in many different industries. These types of aroma chemicals are produced using the best technologies in the ingredients industry, and each is produced with the same high standards as the other ingredients available. These factors anticipated propelling the global aroma chemicals market in the coming years.
Global Aroma Chemicals Market - Geographical Analysis
Global Aroma Chemicals Market - By Region, In 2017 (%)
North America 25%
South America 15%
Asia Pacific 23%
Global Aroma Chemicals Market is segmented into various regions such as North America, South America, Europe, Asia Pacific, and RoW. Of these, Europe was the largest market followed by North America and Asia-Pacific as second and third largest market for aroma chemicals market in terms of revenue.
Asia Pacific is projected to have the fastest growth, owing to the huge consumption of aroma chemicals in China, India, Indonesia, Malaysia, and other Southeast Asian countries.
Global Aroma Chemicals Market - Competitive Analysis
Global Aroma Chemicals Market is fragmented with the presence of many local and international players. However, Takasago International Corporation, Robertet Group, Prinova Group LLC. Holds major market share. Globally, over 35% of the aroma chemicals market is attributed to the top three players. These recognized players include Takasago International Corporation, Robertet Group, Prinova Group LLC.
In 2018, Emerald Kalama Chemical, a global leader in benzaldehyde and related aroma chemicals, has announced the launch of Kalama® C-12 Lauric Aldehyde, expanding the organization's portfolio of linear aldehyde fragrance ingredients.
In 2017, Takasago has expanded into India with a manufacturing facility at One Hub Chennai. The capacity of the facility is 10,000 tons per annum and will aid the company to grow its flavor and fragrance segments.