Global Aroma Chemicals Market Growth 2023-2029

Global Aroma Chemicals Market Growth 2023-2029

Aroma chemicals are compounds which consist of smell and odor. Aroma chemicals are an important group of organic molecules used as ingredients in Aroma Chemicals compositions. There are plenty of different molecules which use in production of Aroma Chemicals compositions, of which synthetic ingredients play a major part as components due to their current availability and relatively lower cost as compared with natural molecules. They are also known as aroma, fragrance and odorant among others. Any chemical compound is said to have odor or smell only if it is sufficiently volatile to reach the olfactory system in the upper part of the nose.

They are also known as aroma, fragrance and odorant among others. Any chemical compound is said to have odor or smell only if it is sufficiently volatile to reach the olfactory system in the upper part of the nose.

LPI (LP Information)' newest research report, the “Aroma Chemicals Industry Forecast” looks at past sales and reviews total world Aroma Chemicals sales in 2022, providing a comprehensive analysis by region and market sector of projected Aroma Chemicals sales for 2023 through 2029. With Aroma Chemicals sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Aroma Chemicals industry.

This Insight Report provides a comprehensive analysis of the global Aroma Chemicals landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Aroma Chemicals portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Aroma Chemicals market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Aroma Chemicals and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Aroma Chemicals.

The global Aroma Chemicals market size is projected to grow from US$ 4836.5 million in 2022 to US$ 7280.3 million in 2029; it is expected to grow at a CAGR of 7280.3 from 2023 to 2029.

Global Aroma Chemicals key players include BASF, Solvay, Kao, Takasago, Bell Flavors and Fragrances, etc. Global top five manufacturers hold a share over 20%.

Asia-Pacific is the largest market, with a share over 30%, followed by Europe, and North America, both have a share about 50 percent.

In terms of product, Synthetic Aroma Chemicals is the largest segment, with a share nearly 70%. And in terms of application, the largest application is Foods and Beverages, followed by Personal and Household Care, Cosmetics, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Aroma Chemicals market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Natural Aroma Chemicals

Synthetic Aroma Chemicals

Segmentation by application

Foods and Beverages

Cosmetics

Personal and Household Care

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

BASF

Solvay

Kao

Takasago

Bell Flavors and Fragrances

Sensient Technologies

Symrise

Vigon International

Givaudan

Robertet

T.Hasegawa

Treatt

Jiaxing Wintrust Flavours Co., Ltd.

YingYang (China) Aroma Chemical Group

Silverline Chemicals Ltd

PFW Aroma Chemicals B.V.

Key Questions Addressed in this Report

What is the 10-year outlook for the global Aroma Chemicals market?

What factors are driving Aroma Chemicals market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Aroma Chemicals market opportunities vary by end market size?

How does Aroma Chemicals break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.