Aroma Ingredients Market | Covid-19 Impact Analysis

Aroma Ingredients Market Insights 

Aroma ingredients market is likely to witness an impressive CAGR of 5.2% during the forecast period. Factors such as, increasing demand for personal care products and variations in lifestyles and consumer penchants are estimated to underpin the growth of the global aroma ingredients market during the forecast period.

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Market Share Analysis

Aroma Ingredients Market Share: By Type

Based on the type, the market is segmented as synthetic ingredients and natural ingredients. The synthetic ingredients segment is estimated to lead the market in the coming five years. The growth is attributed to the viable cost of synthetic ingredients, easy obtainability, and steadiness in quality. 

Aroma Ingredients Market Share: By Application Type

Based on the application type, the market is segmented as fine fragrances, toiletries, and cosmetics. The fine fragrances segment is expected to lead the market during the forecast period. Fine fragrance is a terminology used for products thinned with alcohol and comprise a high concentration of aroma ingredients. Fine fragrances include prime application areas, such as colognes, perfumes, body mists, and deodorants. Aroma constituents are the major components employed in the formulation of fine fragrances. Thus, the growing demand for colognes, perfumes, deodorants, and body mists across the world is estimated to boost the demand for aroma ingredients in the fine fragrances application segment during the forecast period.

Aroma Ingredients Market Share: By Region

In terms of regions, the European region is estimated to be the largest market for the aroma ingredients market across the globe owing to the presence of leading manufacturing giants of aroma ingredients and personal care products in the coming five years. The major countries bolstering the growth of the European aroma ingredients market are France, Germany, Italy, and the UK. Further, the European perfume industry is exceedingly innovative. Thus, these manufacturers yield a wide range of fragrances, which generate a high demand for aroma ingredients in the region. Asia-Pacific and North America are also expected to offer substantial growth opportunities during the forecast period.

Some of the major players in the aroma ingredients market are-

• Bel Flavors & Fragrances
• Huabao International Holdings
• Kao Corporation
• Ogawa & Co., Ltd
• Robertet SA
• Solvay SA
• S H Kelkar and Company Limited
• Sensient Technologies Corporation
• T. Hasegawa Co., Ltd.
• Takasago International Corporation     

Market Scope & Segmentation

Aroma ingredients are mainly chemical compounds with fragrance or smell. Such compounds are highly volatile in nature and can be easily sensed by the olfactory system that is located in the nose.

Aroma ingredients can be natural or can be also synthetic. They are used mostly in fine fragrances and also in a number of other products such as different toiletries, cosmetic products, and others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The aroma ingredients market is segmented into the following categories. 

Aroma Ingredients Market Size, Share, & Forecast, by Type:

• Synthetic Ingredients (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

• Natural Ingredients (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aroma Ingredients Market Size, Share, & Forecast, by Application Type:

• Fine Fragrances (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Toiletries (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cosmetics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Aroma Ingredients Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application type.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].