Aroma Ingredients Market

Global Aroma Ingredients Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028: Increasing demand in the personal care industry, and growing use of laundry detergents due to the presence of a large textile industry are some of the major factors driving the growth of the Global Aroma Ingredients Market.

The Global Aroma Ingredients Market is valued at USD 6.33 Billion in 2021 and is expected to reach USD 9.88 Billion by 2028 with a CAGR of 6.57% over the forecast period.

Scope of Global Aroma Ingredients Market Report-

Aroma ingredients are compounds that have an odour and smell. Aroma ingredients are an important group of organic molecules that are used as components in fragrance chemical compositions. Various molecules are used in the production of aroma ingredients compositions and, among them, synthetic components play an important role as components due to their current availability and relatively low cost compared to those natural molecules. Fragrance chemicals are used to impart a specific odour or fragrance to a variety of products, including personal care, food, and cosmetic products. These chemicals are made using synthetic and natural ingredients and are widely used due to their various properties such as volatility, polarity, surface activity, and stability.

The COVID-19 pandemic has shown a mixed impact on the growth of the global aroma ingredients market. The closure of manufacturing units negatively affected production and supply in the aroma ingredient market. However, the outbreak of COVID-19 severely affected the fine fragrance industry and resulted in a decline in sales globally. Besides, during the lockdown, consumers focused more on cleanliness and hygiene, which led to an increased demand for cleaning and hygiene products with different aromas or fragrances. Thus, increased focus on sanitation and hygiene maintenance during the pandemic has positively impacted the aroma ingredients market.

The global aroma ingredients market is segmented on the product, source, end-user, region & country level. Based on product, the global aroma ingredients market is segmented into musk chemicals, benzenoids, terpenoids, and others. Based on source, the global aroma ingredients market is segmented into synthetic, and natural. Based on end-user, the global aroma ingredients market is segmented into cosmetic & toiletries, soaps & detergents, food & beverage, fine fragrances, household, and others.

The regions covered in the global aroma ingredients market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global aroma ingredients is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Key Players of Global Aroma Ingredients Market Report-

Some major key players for the global aroma ingredients market report cover prominent players like -

• Kalpa Sutra Chemicals
• Bell Flavors & Fragrances
• Kelkar Group
• BASF SE
• Hindustan Mint and Agro Products
• Solvay
• Symrise AG
• Robertet
• Kao Corporation
• Privi Organics Ltd.
• others

Global Aroma Ingredients Market Segmentation: -

By Product:

• Musk Chemicals
• Benzenoids
• Terpenoids
• Others

By Source:

• Synthetic
• Natural

By End-User:

• Cosmetic & Toiletries
• Soaps & Detergents
• Food & Beverage
• Fine Fragrances
• Household
• Others

By Regional & Country Level:

• North America

• U.S.
• Canada

• Europe

• U.K.
• France
• Germany
• Italy

• Asia Pacific

• China
• Japan
• India
• Southeast Asia

• Latin America

• Brazil
• Mexico

• Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Increasing Demand in the Personal Care Industry, Rising Demand for Aromatic Food Products, and Growing Use of Laundry Detergents Due to Presence of Large Textile Industry Are Some of The Major Factors Driving the Growth of The Global Aroma Ingredients Market

One of the major factors in the growth of the aroma ingredients market is the increasing demand in the personal care industry. Aroma chemicals are the main raw materials for fragrances and odors. They are natural or synthetic compounds characterized by their pleasant smell. These are usually derived from essential oils and aromatic compounds. A fragrance is a mixture of aroma compounds, fixatives, and solvents that are commonly used to impart a pleasant odor to the human body, animals, food, and various objects. Increasing awareness about personal hygiene, availability of various options in skin care products and toiletries, a wide portfolio of perfumes and deodorants, an ever-growing population, and an increase in disposable income in developing economies are driving the demand for fragrances among consumers. For instance, according to Consumer Notice, on October 26^th, 2021; each year, Americans spend tens of billions of dollars on personal care products designed to enhance their hair, skin, and hygiene. Manufacturers of fragrance and perfume aroma chemicals are focusing on innovation and offering superior products to gain a competitive advantage in the fast-growing personal care products market. This industry is expected to gain momentum during the forecast period, thereby boosting the aroma chemicals market.

Augmenting personal care industry demand and growing use of laundry detergents due to the presence of a large textile industry are set to generate huge revenue

One of the major factors in the growth of the aroma ingredients market is the increasing demand in the personal care industry. Aroma chemicals are the main raw materials for fragrances and odours. They are natural or synthetic compounds characterised by their pleasant smell. These are usually derived from essential oils and aromatic compounds. A fragrance is a mixture of aroma compounds, fixatives, and solvents that are commonly used to impart a pleasant odour to the human body, animals, food, and various objects. For instance, according to Consumer Notice, on October 26th, 2021, each year, Americans spend tens of billions of dollars on personal care products designed to enhance their hair, skin, and hygiene. In 2021, the average annual spending on cosmetics, perfumes, and bath products in the United States was approximately $182.3 per consumer unit. And aroma ingredients are used in all these types of products because the demand for aroma ingredients is increasing in the market. Besides, manufacturers of fragrance and perfume aroma chemicals are focusing on innovation and offering superior products to gain a competitive advantage in the fast-growing personal care products market. This industry is expected to gain momentum during the forecast period, thereby boosting the aroma chemicals market.

In addition, the rising demand for aromatic food products is boosting the growth of the aroma ingredients market. Natural flavours offer higher safety with a smoother and milder taste than artificial flavours. Changing consumer preferences have encouraged food and beverage companies to use fragrances that offer unique experiences to consumers and differentiate their products from other products. Awareness of the health effects of artificial foods and growing consumer awareness of health has led to an organic shift towards natural flavours in the beverage industry.

Moreover, the growing use of laundry detergents due to the presence of a large textile industry is also supplementing the aroma ingredients market growth. Increasing demand for fabric softeners is likely to fuel the use of fragrance chemicals in fabric softeners. Manufacturers use aroma ingredients in soaps and detergents to give bath soaps and detergents a pleasant smell. The growing population has increased the demand for bath soaps, dishwashing detergents, and laundry detergents in domestic as well as commercial applications.

However, the high cost of production of natural and bio-based products and stringent regulations on the use of synthetic chemicals associated with aroma ingredients may hinder the growth of the global aroma ingredients market. Despite that, technological advancements in the cosmetic and personal care industry and investments in R & D may create more opportunities in the global aroma ingredients market.

 Widespread use of aroma chemicals in various food products, such as packaged products and supplements, along with the growing food and beverage industry, will create high opportunities for the aroma chemicals market. Flavors and aromas play an important role in increasing appetite, enhancing taste, and making products more recognizable. Growing demand for food products such as pastries and cookies, exotic flavors, and fragrances, along with increasing adoption of natural and fresh spices and fragrances in the food industry, is expected to increase the market share of aroma ingredients. 

North America Holds a Major Share in the Global Aroma Ingredients Market:

Due to the increasing demand for the personal care industry, the rising population, and the growing regional textile industry, North America is holding a major share in the global aroma ingredients market. Increasing demand for the personal care industry is driving the growth of the market. For instance, according to the plastic pollution coalition, in 2018, in the US alone, nearly 7.9 billion units of rigid plastic were produced for beauty and personal care products alone. Therefore, the increasing personal care industry is expected to fuel the market's growth over the forecast period. In addition, the rising population is another factor supplementing the market growth in this region. The rising population has been driving the demand for dishwashing detergents, bath soaps, and laundry detergents in the household as well as in commercial applications. For instance, according to the American Immigration Council, on September 21, 2021, 44.9 million immigrants (people born abroad) were 14 percent of the national population. Therefore, the increasing population is expected to drive the market's growth over the forecast period.

The Asia-Pacific is the fastest-growing region in the global aroma ingredients market due to increasing R& D activities and expanding their business, rising demand for fragrance, and growing demand for textile materials. These factors boost the market. For instance, as per the news published on September 19th, 2019, Firmenich, the largest privately held company in the fragrance and flavour business, opened an innovative Fine Fragrance Atelier in China. Fragrance House is the first to offer a dedicated model offering easy access to all the best fragrance capabilities under one roof, close to the fragrance market in downtown Shanghai, China, and available to all local customers in China and global customers around the world. Such ongoing investments and initiatives across various Asian countries are fruitfully contributing to enhancing the market share.

Recent Developments: Global Aroma Ingredients Market (2018-2022)

BASF Aroma Ingredients Launched Virtual Aroma Assistants

On June 30^th, 2022; BASF Aroma Ingredients launched Virtual Aroma Assistant, a new digital platform to simplify the navigation of BASF's aroma ingredients portfolio for customers in the flavour and fragrance industry. Virtual aroma assistants are available at virtual-aroma-assistants.basf.com. The Virtual Aroma Assistant consists of three departments that are closely interconnected to support development processes for customers' flavour and fragrance applications.

Aromatic Chemicals are Produced in Sustainable Biotechnological Production

On June 22^nd, 2022; Aromatic chemicals are versatile chemicals that are used in the manufacture of various drugs but also in cosmetics or foods. Most aroma chemicals are produced from oil, and there is an urgent need for new, sustainable biotechnological production methods for these chemicals. A research project led by Yvonne Nygard, associate professor in the Department of Industrial Biotechnology at Chalmers, received a multi-million dollar grant to develop the technology for this bioproduct.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2028
Market Size in 2021:	USD 6.33 Billion
Base year considered	2020
Forecast Period CAGR %:	6.57%
Market Size Expected in 2028:	USD 9.88 Billion
Tables, Charts & Figures:	175
Pages	200
Liquid Egg Manufacturers	Kalpa Sutra Chemicals, Bell Flavors & Fragrances, Kelkar Group, BASF SE, Hindustan Mint and Agro Products, Solvay, Symrise AG, Robertet, Kao Corporation, Privi Organics Ltd., and others.
Segments Covered	By Product, By Source, By End-User
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Aroma Ingredients Market Report–

• Global Aroma Ingredients Market report covers in-depth historical and forecast analysis
• Global Aroma Ingredients Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Aroma Ingredients Market report helps to identify opportunities in marketplace.
• Global Aroma Ingredients Market report covers extensive analysis of emerging trends and competitive landscape.