According to a recent report from Reports and Data, the global market for aroma ingredients is anticipated to achieve a size of USD 4.85 billion by 2028 and exhibit a revenue CAGR of 6.4% throughout the forecast period. The market is expected to be driven by the rising demand for organic cosmetic products and the increasing use of natural aroma ingredients in food products. Aromatherapy is becoming more popular among younger generations due to the increasing prevalence of anxiety and insomnia disorders, which is also expected to contribute to market revenue growth. Essential oils are commonly used in personal care products to enhance fragrance and treat various skin ailments, which is expected to drive demand for aroma ingredients over the forecast period. Furthermore, the market is expected to grow due to the increasing research and development activities by aroma manufacturers for the development of new aroma ingredients. The growth of the aroma ingredients market is also being driven by various start-up companies that are introducing new cosmetic and personal care products with organic ingredients.
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Top Profiled Companies in the Global Aroma Ingredients Market Report:
Robertet SA, MANE SA, Sensient Technologies Corporation, Symrise AG, Givaudan SA, Firmenich SA, T. Hasegawa co. Ltd., Takasago International Corporation, SH Kelkar and Company Ltd., and International Flavors Fragrances Inc.
Some Key Highlights in the Report
- Synthetic ingredient type segment is expected to account for largest market share in the global aroma ingredients market between 2021 and 2028, owing to rising demand for low-cost cosmetics products.
- Cosmetics segment is expected to register a significantly high revenue growth over the forecast period. Rising adoption of natural cosmetics with aroma ingredients and new product launches is expected to boost revenue growth of the segment.
- The aroma ingredients market in Europe is expected to account for largest revenue share in the global market over the forecast period. High presence of fragrance manufacturers and start-ups focusing on manufacturing organic and nature-based products is expected to drive revenue growth of the market in Europe.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Ingredient Type Outlook (Revenue, USD Billion; 2018-2028)
- Synthetic Ingredient Type
- Natural Ingredient Type
Application Outlook (Revenue, USD Billion; 2018-2028)
- Cosmetics
- Personal And Home Care
- Perfumes And Fragrances
- Others
Chemical Outlook (Revenue, USD Billion; 2018-2028)
- Musk Chemicals
- Benzenoids
- Others
Key Takeaways of the Global Aroma Ingredients Market Report:
- A comprehensive overview of the global Aroma Ingredients industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Aroma Ingredients market.
- Elaborate study of the leading regional markets in the global Aroma Ingredients market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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