South America 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 Ot

South America 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 South America is expected to grow from US$ 446.12 million in 2021 to US$ 620.30 million by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028.

Aroma ingredients are used in various applications, including air care products, cleaning and sanitization products, and fine fragrances and perfumes. They are blended in specific quantities to create a wide range of perfumes. Natural aroma ingredients are primarily used to imitate the scents found in nature, and synthetic aroma ingredients during R&D can result in the introduction of new fragrances. Various scents can be made with synthetic aroma ingredients as well. Moreover, aroma ingredients are increasingly used in air care products, which are sprayed in bedrooms or indoors. Aroma ingredients are also used in home care applications and blended in household cleaning products, including cleaners, hand & dishwashing liquids, laundry care & fabric softeners, wipes, and aqueous dyes, to provide a unique fragrance to them. Thus, the increased awareness among consumers about health and hygiene has increased the adoption of household products containing fragrances, which is driving the aroma ingredients market growth.

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 South America aroma ingredients market at a substantial CAGR during the forecast period.

South America Aroma Ingredients Market Revenue and Forecast to 2028 (US$ Million)

South America Aroma Ingredients Market Segmentation

The South America 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 Brazil, Argentina, and Rest of SAM. In 2020, Brazil held the largest share in the market, and it is also 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 South America aroma ingredients market.

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