Middle East and Africa Aroma Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Synthetic and Natural) and Application (Air Care, Cleaning and Sanitization, Personal Care and Cosmetics, Fine Fragrances and Perfume

Middle East and Africa Aroma Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Synthetic and Natural) and Application (Air Care, Cleaning and Sanitization, Personal Care and Cosmetics, Fine Fragrances and Perfumes, and Others)

The aroma ingredients market in the Middle East & Africa is expected to grow from US$ 319.74 million in 2021 to US$ 463.89 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.

The use of aroma ingredients in the pharmaceuticals & nutraceuticals industries has increased in the past few years. The COVID-19 outbreak has led to an increased focus on the pharmaceuticals industry. Essential oils, which provide a soothing fragrance, reduce stress, and treat fungal infections, are increasingly used in various pharmaceutical products for their healing properties. Lavender oil, mainly used for its fragrance, helps with stress and pain relief and induces sleep. Essential oils enhance natural skin penetration in transdermal drug delivery and exhibit therapeutic aroma properties. Essential oils and their aroma components have shown cancer suppressive activities when tested on a few human cancer cell lines, including glioma, colon cancer, gastric cancer, human liver tumor, pulmonary tumors, breast cancer, and leukemia. Thus, the continuous growth of the pharmaceuticals industry and developments in the application of aroma ingredients in therapeutics will provide growth opportunities to the aroma ingredients market players in the coming years.

With these new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa aroma ingredients market at a substantial CAGR during the forecast period.

Middle East & Africa Aroma Ingredients Market Revenue and Forecast to 2028 (US$ Million)

Middle East & Africa Aroma Ingredients Market Segmentation

The Middle East & Africa aroma ingredients market is segmented on the basis of type, application, and country. Based on type, the market is segmented into synthetic and natural. In 2020, synthetic segment held the largest share in the market, natural is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into air care, cleaning and sanitization, personal care and cosmetics, fine fragrances and perfumes, and others. In 2020, cleaning and sanitization segment held the largest share in the market, personal care and cosmetics is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. In 2020, South Africa held the largest share in the market, and the UAE is expected to be the fastest growing country during the forecast period.

Takasago International Corporation; BASF SE; FIRMENICH SA; Givaudan; International Flavors & Fragrances Inc.; Robertet Group; Symrise; MANE; and Phoenix Aromas & Essential Oils, LLC are among the leading companies in the Middle East & Africa aroma ingredients market.

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