Aroma Chemicals Market - By Source (Natural, Synthetic), By Product (Benzenoids, Terpenoids, Musk Chemicals), By Application (Food & Beverage, Fine Fragrances, Cosmetics & Toiletries, Soaps & Detergents, Household), By Region

Description

List of Tables

Global Aroma Chemical Market is anticipated to expand exponentially through 2032 credited to the rapidly developing cosmetic sector across the world. As per credible sources, American women spend an average of USD 115 on beauty and makeup treatments per month.

Prominent competitors in the market are largely investing in R&D initiatives to launch innovative and technologically advanced products. In addition, the key industry players are vying for partnership and acquisition opportunities to gain a leading position within the overseas market. For instance, in June 2020, BASF SE bought the biotech organization Isobionics and built its own distillation facility on the Brightlands Chemelot Campus located out of Geleen, in the Dutch Province of Limburg, to create novel flavors and fragrances.

The aroma chemical market has been bifurcated in terms of product, source, application, and region.

Considering the product, the sales of musk chemicals is speculated to rise substantially given their use as component of fragrances and a fixative in perfumes. Various animal or in vitro studies (although not confirmed) suggest that these chemicals boast of anti-inflammatory and antihistaminic properties.

Based on application, the food & beverage segment is slated to grow at 5.5% CAGR from 2023 to 2032. The food and beverage sector across the globe has shown significant expansion, and this trend is anticipated to continue. The industrial growth is not only being observed in the more developed retail sectors in the United States and Europe but also in the rapidly expanding emerging economies in the Asia-Pacific as well as the Middle East & Africa regions.

Meanwhile, the cosmetics & toiletries segment is speculated to attain sizable expansion over the review years, subject to the increasing consumer awareness around personal hygiene. The advancement in beauty products and toiletries has also been benefited from the expanding skin and dermatology concerns.

From the regional outlook, the Middle East & Africa aroma chemical market is estimated to grow at 6% CAGR from 2023 to 2032. The recent increase in disposable incomes as well as the standard of living, particularly in emerging countries, is set to provide a significant boost to the demand for packaged foods.

Additionally, the growing consumer preference for organic ingredients over artificial alternatives is anticipated to support market expansion for natural aroma chemicals in the food sector in the region. Aroma compounds are often utilized to improve the aroma and flavor of various food supplements and nutritious foods.

Product Code: 4596

Chapter 1 Methodology & Scope

1.1 Scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculations
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid Sources
  - 1.4.2.2 Public Sources

Chapter 2 Executive Summary

2.1 Global aroma chemicals industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Product trends
- 2.1.3 Source trends
- 2.1.4 Application trends
- 2.1.5 Regional trends

Chapter 3 Aroma Chemicals Industry Insights

3.1 Industry segmentation
3.2 COVID-19 impact on world economy
3.3 Industry ecosystem analysis
- 3.3.1 Vendor matrix
- 3.3.2 Distribution channel
- 3.3.3 COVID-19 based value chain disruption analysis
3.4 Technology landscape
3.5 Regulatory Landscape
- 3.5.1 Code of Federal Regulations
- 3.5.2 Regulation (EC) No. 1334/2008 Of The European Parliament And Of The Council of 16 December 2008
3.6 Pricing analysis
- 3.6.1 Benzenoids
- 3.6.2 Terpenoids
- 3.6.3 Musk chemicals
- 3.6.4 Cost structure analysis, 2022
- 3.6.5 Effect of COVID-19 on aroma chemical prices
- 3.6.6 COVID-19 impact on pricing analysis
3.7 Raw material analysis
3.8 Industry impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 North America: The booming food & beverage industry will accelerate market growth
  - 3.8.1.2 Europe: Rising regional cosmetics industry will promote product demand
  - 3.8.1.3 Asia Pacific: The manufacturing sector is growing owing to supportive government initiatives
- 3.8.2 Industry pitfalls & challenges
  - 3.8.2.1 Side effects of synthetic aroma chemicals may hamper product demand
3.9 Innovation & sustainability
3.10 Growth potential analysis
- 3.10.1 Emerging business model
  - 3.10.1.1 Collaboration/Joint Ventures
3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitutes
- 3.11.5 Industry rivalry
3.12 PESTEL analysis
3.13 Impact of COVID-19 on the aroma chemicals market, by application
- 3.13.1 Food & beverage
- 3.13.2 Fine fragrances
- 3.13.3 Cosmetics & toiletries
- 3.13.4 Households

Chapter 4 Competitive Landscape

4.1 Introduction
- 4.1.1 Company market share, 2022
  - 4.1.1.1 Global aroma chemicals market share, 2022
- 4.1.2 Company market share by region, 2022
  - 4.1.2.1 North America aroma chemicals share, 2022
  - 4.1.2.2 Europe aroma chemicals share, 2022
  - 4.1.2.3 Asia Pacific aroma chemicals share, 2022
  - 4.1.2.4 Latin America aroma chemicals share, 2022
  - 4.1.2.5 MEA aroma chemicals share, 2022
4.2 Competitive analysis of major market players
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Aroma Chemical Market, By Product

5.1 Key product trends
5.2 Benzenoids
- 5.2.1 Global benzenoid market estimates and forecast, (Kilo Tons) (USD Million)
- 5.2.2 Global benzenoid market estimates and forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
5.3 Terpenoids
- 5.3.1 Global terpenoids market estimates and forecast, (Kilo Tons) (USD Million)
- 5.3.2 Global terpenoids market estimates and forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
5.4 Musk Chemicals
- 5.4.1 Global musk chemical market estimates and forecast, (Kilo Tons) (USD Million)
  - 5.4.1.1 Global musk chemical market estimates and forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
5.5 Others

Chapter 6 Aroma Chemical Market, By Source

6.1 Key source trends
6.2 Natural
- 6.2.1 Market estimates and forecast, (Kilo Tons) (USD Million)
- 6.2.2 Market estimates and forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
6.3 Synthetic
- 6.3.1 Market estimates and forecast, (Kilo Tons) (USD Million)
- 6.3.2 Market estimates and forecast, by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 7 Aroma Chemical Market, by Application

7.1 Key application trends
7.2 Food & Beverage
- 7.2.1 Global aroma chemicals market estimates and forecast from food & beverage application, 2018-2032, (Kilo Tons) (USD Million)
- 7.2.2 Global aroma chemicals market estimates and forecast from food & beverage application, by region, 2018-2032, (Kilo Tons) (USD Million)
7.3 Fine Fragrances
- 7.3.1 Global aroma chemicals market estimates and forecast from fine fragrances application, (Kilo Tons) (USD Million)
- 7.3.2 Global aroma chemicals market estimates and forecast from fine fragrances application, by region, 2018-2032, (Kilo Tons) (USD Million)
7.4 Cosmetics & Toiletries
- 7.4.1 Global aroma chemicals market estimates and forecast from cosmetic & toiletries application, (Kilo Tons) (USD Million)
- 7.4.2 Global aroma chemicals market estimates and forecast from cosmetic & toiletries application, by region, 2018-2032, (Kilo Tons) (USD Million)
7.5 Soaps & Detergents
- 7.5.1 Global aroma chemicals market estimates and forecast from soaps & detergents application, (Kilo Tons) (USD Million)
- 7.5.2 Global aroma chemicals market estimates and forecast from soaps & detergents application, by region, 2018-2032, (Kilo Tons) (USD Million)
7.6 Household
- 7.6.1 Global aroma chemicals market estimates and forecast from household application, (Kilo Tons) (USD Million)
- 7.6.2 Global aroma chemicals market estimates and forecast from household application, by region, 2018-2032, (Kilo Tons) (USD Million)
7.7 Others
- 7.7.1 Global aroma chemicals market estimates and forecast from other application, (Kilo Tons) (USD Million)
- 7.7.2 Global aroma chemicals market estimates and forecast from other application, by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 8 Aroma Chemicals Market, By Region

8.1 Key regional trends
8.2 North America
- 8.2.1 North America aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
- 8.2.2 North America aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
- 8.2.3 North America aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
- 8.2.4 North America aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.5 U.S.
  - 8.2.5.1 U.S. aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.5.2 U.S. aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.5.3 U.S. aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.5.4 U.S. aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.6 Canada
  - 8.2.6.1 Canada aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.6.2 Canada aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.6.3 Canada aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.6.4 Canada aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.7 Europe
  - 8.2.7.1 Europe aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.7.2 Europe aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.7.3 Europe aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.7.4 Europe aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.8 Germany
  - 8.2.8.1 Germany aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.8.2 Germany aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.8.3 Germany aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.8.4 Germany aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.9 France
  - 8.2.9.1 France aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.9.2 France aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.9.3 France aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.9.4 France aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.10 Russia
  - 8.2.10.1 Russia aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.10.2 Russia aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.10.3 Russia aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.10.4 Russia aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.11 UK
  - 8.2.11.1 UK aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.11.2 UK aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.11.3 UK aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.11.4 UK aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.2.12 Spain
  - 8.2.12.1 Spain aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.2.12.2 Spain aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.2.12.3 Spain aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.2.12.4 Spain aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
8.3 Asia Pacific
- 8.3.1 Asia Pacific aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
- 8.3.2 Asia Pacific aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
- 8.3.3 Asia Pacific aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
- 8.3.4 Asia Pacific aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.5 China
  - 8.3.5.1 China aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.5.2 China aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.5.3 China aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.5.4 China aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.6 Japan
  - 8.3.6.1 Japan aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.6.2 Japan aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.6.3 Japan aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.6.4 Japan aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.7 South Korea
  - 8.3.7.1 South Korea aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.7.2 South Korea aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.7.3 South Korea aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.7.4 South Korea aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.8 Malaysia
  - 8.3.8.1 Malaysia aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.8.2 Malaysia aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.8.3 Malaysia aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.8.4 Malaysia aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.9 India
  - 8.3.9.1 India aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.9.2 India aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.9.3 India aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.9.4 India aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.10 Australia
  - 8.3.10.1 Australia aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.10.2 Australia A aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.10.3 Australia aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.10.4 Australia aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.11 Thailand
  - 8.3.11.1 Thailand aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.11.2 Thailand A aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.11.3 Thailand aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.11.4 Thailand aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.12 Latin America
  - 8.3.12.1 Latin America aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.12.2 Latin America aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.12.3 Latin America aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.12.4 Latin America aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.3.13 Brazil
  - 8.3.13.1 Brazil aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.3.13.2 Brazil aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.3.13.3 Brazil aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.3.13.4 Brazil aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
8.4 Middle East & Africa
- 8.4.1 Middle East & Africa aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
- 8.4.2 Middle East & Africa aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
- 8.4.3 Middle East & Africa aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
- 8.4.4 Middle East & Africa aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.4.5 South Africa
  - 8.4.5.1 South Africa aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.4.5.2 South Africa aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.4.5.3 South Africa aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.4.5.4 South Africa aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.4.6 Saudi Arabia
  - 8.4.6.1 Saudi Arabia aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.4.6.2 Saudi Arabia aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.4.6.3 Saudi Arabia aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.4.6.4 Saudi Arabia aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)
- 8.4.7 UAE
  - 8.4.7.1 UAE aroma chemicals market estimates & forecast, (Kilo Tons) (USD Million)
  - 8.4.7.2 UAE aroma chemicals market estimates & forecast, by product (Kilo Tons) (USD Million)
  - 8.4.7.3 UAE aroma chemicals market estimates & forecast, by source (Kilo Tons) (USD Million)
  - 8.4.7.4 UAE aroma chemicals market estimates & forecast, by Application (Kilo Tons) (USD Million)

Chapter 9 Company Profiles

9.1 Hindustan Mint and Agro Products
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Product Landscape
- 9.1.4 SWOT Analysis
9.2 Keva (Kelkar Group)
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Product Landscape
- 9.2.4 SWOT Analysis
9.3 BASF SE
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Product Landscape
- 9.3.4 Strategic Outlook
- 9.3.5 SWOT Analysis
9.4 Solvay
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Product Landscape
- 9.4.4 Strategic Outlook
- 9.4.5 SWOT Analysis
9.5 Symrise AG
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Product Landscape
- 9.5.4 Strategic Outlook
- 9.5.5 SWOT Analysis
9.6 Robertet
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Product Landscape
- 9.6.4 Strategic Outlook
- 9.6.5 SWOT Analysis
9.7 Takasago International Corporation
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Product Landscape
- 9.7.4 Strategic Outlook
- 9.7.5 SWOT Analysis
9.8 Kao Corporation
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Product Landscape
- 9.8.4 SWOT Analysis
9.9 Privi Specialty Chemicals Ltd.
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Product Landscape
- 9.9.4 SWOT Analysis
9.10 Kalpa Sutra Chemicals Pvt. Ltd.
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Product Landscape
- 9.10.4 SWOT Analysis
9.11 Bell Flavors & Fragrances
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Product Landscape
- 9.11.4 SWOT Analysis
9.12 Silverline Chemicals
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Product Landscape
- 9.12.4 SWOT Analysis
9.13 Aromatech International
- 9.13.1 Business Overview
- 9.13.2 Financial Data
- 9.13.3 Product Landscape
- 9.13.4 SWOT Analysis
9.14 Givaudan
- 9.14.1 Business Overview
- 9.14.2 Financial Data
- 9.14.3 Product Landscape
- 9.14.4 Strategic Outlook
- 9.14.5 SWOT Analysis