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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- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.2 Research Methodology
- 3.2.1 Data Collection
- 3.2.2 Primary Interviews
- 3.2.3 Hypothesis Formulation
- 3.2.4 Macro-economic Factor Analysis
- 3.2.5 Developing Base Number
- 3.2.6 Data Triangulation
- 3.2.7 Country Level Data
- 4. South America Aroma Ingredients Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Force Analysis
- 4.2.1 Threat of New Entrants
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Bargaining Power of Buyers
- 4.2.4 Competitive Rivalry
- 4.2.5 Threat of Substitutes
- 4.3 Expert Opinion
- 4.4 Ecosystem Analysis
- 5. South America Aroma Ingredients Market — Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Fostering Demand from Personal Care and Cosmetic Industry
- 5.1.2 Multiple Applications of Aroma Ingredients
- 5.2 Market Restraints
- 5.2.1 Forceful Regulations on Synthetic Aroma Ingredients
- 5.3 Market Opportunities
- 5.3.1 Growing Expansion of Pharmaceuticals Industry
- 5.4 Future Trends
- 5.4.1 Ramping Innovations in Raw Materials and Production Processes
- 5.5 Impact Analysis of Drivers and Restraint
- 6. South America Aroma Ingredients Market Analysis
- 6.1 South America Aroma Ingredients Market Overview
- 6.2 South America Aroma Ingredients Market –Revenue and Forecast to 2028
- 7. South America Aroma Ingredients Market Analysis – By Product Type
- 7.1 Overview
- 7.2 South America Aroma Ingredients Market, By Product Type (2020 and 2028)
- 7.3 Synthetic:
- 7.3.1 Overview
- 7.3.2 Synthetic: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Natural:
- 7.4.1 Overview
- 7.4.2 Natural: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 8. South America Aroma Ingredients Market Analysis – By Application
- 8.1 Overview
- 8.2 South America Aroma Ingredients Market, By Application (2020 and 2028)
- 8.3 Air Care:
- 8.3.1 Overview
- 8.3.2 Air Care: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Cleaning and Sanitization:
- 8.4.1 Overview
- 8.4.2 Cleaning and Sanitization: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Personal Care and Cosmetics:
- 8.5.1 Overview
- 8.5.2 Personal Care and Cosmetics: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 8.6 Fine Fragrances and Perfumes
- 8.6.1 Overview
- 8.6.2 Fine Fragrances and Perfumes: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 8.7 Others
- 8.7.1 Overview
- 8.7.2 Others: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- 9. South America Aroma Ingredients Market – Country Analysis
- 9.1 Overview
- 9.1.1 South America: Aroma Ingredients Market, by Key Country
- 9.1.1.1 Brazil: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Brazil: Aroma Ingredients Market, by Product Type
- 9.1.1.1.2 Brazil: Aroma Ingredients Market, by Application
- 9.1.1.2 Argentina: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Argentina: Aroma Ingredients Market, by Product Type
- 9.1.1.2.2 Argentina: Aroma Ingredients Market, by Application
- 9.1.1.3 Rest of South America: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Rest of South America: Aroma Ingredients Market, by Product Type
- 9.1.1.3.2 Rest of South America: Aroma Ingredients Market, by Application
- 10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 New Product Development
- 10.4 Merger and Acquisition
- 11. Company Profiles
- 11.1 Takasago International Corporation
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 BASF SE
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 FIRMENICH SA
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Givaudan
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 International Flavors & Fragrances Inc.
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Robertet Group
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Symrise
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 MANE
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Phoenix Aromas & Essential Oils, LLC
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Word Index
- List of Tables
- Table 1. South America Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- Table 2. Brazil Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
- Table 3. Brazil Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
- Table 4. Argentina Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
- Table 5. Argentina Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
- Table 6. Rest of South America Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
- Table 7. Rest of South America Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
- Table 8. List of Abbreviation
- List of Figures
- Figure 1. South America Aroma Ingredients Market Segmentation
- Figure 2. South America Aroma Ingredients Market Segmentation – By Country
- Figure 3. South America Aroma Ingredients Market Overview
- Figure 4. South America Aroma Ingredients Market, By Product Type
- Figure 5. South America Aroma Ingredients Market, By Country
- Figure 6. South America Aroma Ingredients Market, Industry Landscape
- Figure 7. Porter's Five Forces Analysis
- Figure 8. Expert Opinion
- Figure 9. South America Aroma Ingredients Market – Ecosystem Analysis
- Figure 10. South America Aroma Ingredients Market Impact Analysis of Drivers and Restraints
- Figure 11. South America Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. South America Aroma Ingredients Market Revenue Share, By Product Type (2020 and 2028)
- Figure 13. Synthetic: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Natural: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. South America Aroma Ingredients Market Revenue Share, By Application (2020 and 2028)
- Figure 16. Air Care: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Cleaning and Sanitization: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Personal Care and Cosmetics: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 19. Fine Fragrances and Perfumes: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Others: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Geographic Overview of South America Aroma Ingredients Market
- Figure 22. South America: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)
- Figure 23. Brazil: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Argentina: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Rest of South America: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
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