Global Aroma Ingredients Market Size, Share, Growth Analysis, By Type(Synthetic and Natural aroma ingredients), By Application(Cosmetics, Food and beverages), By Source(Botanical, Animal) - Industry Forecast 2024-2031

PUBLISHED: March 4, 2024

PAGES: 184 Pages

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Description

Global Aroma Ingredients Market size was valued at USD 5.57 billion in 2022 and is poised to grow from USD 5.80 billion in 2023 to USD 8 billion by 2031, at a CAGR of 4.1% during the forecast period (2024-2031).

The worldwide market for aroma ingredients is growing fast because more people want products that smell good, like perfumes, cosmetics, and food. People are looking for scents that give them good feelings, so companies are working on making better ingredients that come from natural sources. This focus on natural and sustainable ingredients is changing how the market works, with more emphasis on being open about where the ingredients come from. Also, new technology and ways to make fragrances are helping the market grow. But companies need to be careful because there are rules they have to follow, and sometimes things can happen that affect how ingredients get to them.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Aroma Ingredients Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Aroma Ingredients Market Segmental Analysis

The Global Aroma Ingredients Market is segmented based on type, source, application, and region. By Type, the market is segmented into synthetic and natural aroma ingredients, sourced from botanical, animal, or chemical origins. By Application, the market is segmented into cosmetics, food and beverages, and household products. By Region, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.

Drivers of the Global Aroma Ingredients Market

As more people care about their health and the environment, they want aroma ingredients that come from plants and are organic. They're looking for products with fewer man-made chemicals, so there's a bigger need for natural aroma ingredients. This has led to more natural ingredients being made and the market for them getting bigger.

Restraints in the Global Aroma Ingredients Market

The aroma ingredients market has strict rules and safety standards, especially in industries like food, cosmetics, and personal care. Some aroma ingredients might not be allowed because they could be risky for safety or health reasons. Following these rules can be hard and might stop the market from growing as much.

Market Trends of the Global Aroma Ingredients Market

More and more, people want products with natural and simple ingredients listed on the label. This has made the demand for aroma ingredients from natural sources like essential oils, botanical extracts, and plant-based materials go up. Companies are making products that have fewer man-made additives and more ingredients that come from nature in response to this trend.

Product Code: SQMIG15E2317

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Aroma Ingredients Market by Type

Market Overview
Synthetic and Natural aroma ingredients

Global Aroma Ingredients Market by Application

Market Overview
Cosmetics
Food and beverages
and Household products

Global Aroma Ingredients Market by Source

Market Overview
Botanical
Animal
and Chemical origins

Global Aroma Ingredients Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Givaudan - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Firmenich - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
IFF (International Flavors & Fragrances) - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Symrise - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Takasago International Corporation - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mane - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Robertet - France
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Sensient Technologies Corporation - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bell Flavors & Fragrances - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
V. MANE FILS SA - Switzerland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Frutarom (part of IFF) - Israel
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
T. Hasegawa Co., Ltd. - Japan
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bedoukian Research, Inc. - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kerry Group - Ireland
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BASF SE (Aroma Chemicals division) - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Yingyang (China) Aroma Chemical Group - China
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vigon International - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Axxence Aromatic GmbH - Germany
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Comax Flavors - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Takasago International (U.S.A.) - United States
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments