Market Research Report
Aroma Ingredients - Global Market Outlook (2017-2026)
|Published by||Stratistics Market Research Consulting||Product code||791915|
|Published||Content info||144 Pages
Delivery time: 2-3 business days
|Aroma Ingredients - Global Market Outlook (2017-2026)|
|Published: January 1, 2019||Content info: 144 Pages||
According to Stratistics MRC, the Global Aroma Ingredients market is accounted for $2.26 million in 2017 and is expected to reach $3.66 million by 2026 growing at a CAGR of 5.5% during the forecast period. Some of the key factors propelling the market growth are the rising consumption of personal care products, change in lifestyle and consumer preferences and increasing demand for natural aroma ingredients. However, high production and r&d costs and stringent government regulations are restraining factors for the growth of the Aroma Ingredients market.
Aroma chemical is a complex fusion of natural and/or synthetic ingredients that are added to various products in order to incorporate the desired odor. These ingredients are widely used in consumer care and personal care products. Personal care industry is one of the major application industries for aroma ingredients market. The global aroma ingredients market has witnessed steady growth over the recent past owing to increasing demand for natural aroma ingredients. Soaps and detergent are estimated to account for a significant share in the global aroma ingredients market followed by cosmetics and toiletries applications. The global aroma ingredients market is expected to register steady growth during the forecast period.
By Application, Fine fragrances segment is projected to lead the aroma ingredients market in terms of value during the forecast period. Fine fragrance is a term used for products diluted with alcohol and contains a high concentration of aroma ingredients. Fine fragrances include major application fields, such as perfumes, colognes, body mists, and deodorants. Aroma ingredients are key components used in formulations of fine fragrances. These are used in the highest quantities in fine fragrance formulations than any other applications. Hence, the increasing demand for perfumes, colognes, deodorants, and body mists across the globe is expected to drive the demand for aroma ingredients in the fine fragrance application. On the basis of geography, Europe region is projected to fuel the market due to the promising revenue generating region for the global aroma ingredients market and is expected to grow at a steady growth rate.
Some of the key players in Aroma Ingredients market include Bel Flavors & Fragrances, Firmenich SA, Frutarom, Givaudan, Huabao, International Flavors & Fragrances Inc. (IFF), Kao Corporation, Mane, Ogawa & Co Ltd, Robertet SA, Sensient Technologies Corporation
Solvay, Symrise, T. Hasegawa Co Ltd and Takasago International Corporation.