Aroma Ingredients Market Growth, Trends and Value Chain 2016-2026 by FMI
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Aroma chemical is a complex fusion of natural and/or synthetic ingredients that are
added to various products in order to incorporate desired odor. These ingredients are
widely used in consumer care and personal care products. Personal care industry is one
of the major application industry for aroma ingredients market. The global aroma
ingredients market has witnessed steady growth over the recent past owing to increasing
demand for natural aroma ingredients. Soaps and detergent is estimated to account for a
significant share in the global aroma ingredients market followed by cosmetics and
toiletries applications. The global aroma ingredients market is expected to register a
steady growth during forecast period.
Global Aroma Ingredients Market: Drivers
Introduction of innovative and novel products especially in cosmetics, toiletries, and skin
care and hair care products has driven the overall growth of the global aroma ingredients
market. The increasing demand for natural ingredients coupled with change in consumer
preferences are considered to be the important driver for global aroma ingredients
market. Furthermore, significant technological advancements have also fuelled the
growth of the market. Moreover, the increase in demand from the emerging and
developing nations for natural fragrance due to health concerns related to synthetic
chemicals is likely to act as an opportunity for the growth of the global aroma ingredients
market. These factors are likely to drive the global aroma ingredients market during the
forecast period. A key trend witnessed in global aroma chemicals market is that the key
aroma chemical producers are responding to growing opportunities by expanding their
global presence. One of the major factor that is likely to restrict growth in demand for
natural aroma ingredients is high costs associated with switching from synthetic chemical
to natural ingredients.
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Global Aroma Ingredients Market: Segmentation
The global aroma ingredients market can be segmented on the basis of type, application
and region. On the basis of type, the global aroma ingredients market can be segmented
Essential oils segment can further be sub-segmented into menthe arvensis, cedar wood,
orange, eucalyptus, citronella and others (basil, clove, jamrosa, litsea cubica, sassafras,
coriander, patchouli, camphor and lemon grass) Whereas, aroma chemicals segment can
further be sub-segmented into turpenes, musk chemical, benzenoids and others
(alicyclic, heterocyclic and aliphatic compounds).
On the basis of application, the global aroma ingredients markets can be segmented into
cosmetic and toiletries
soap and detergents
Others (household products, aroma therapy and pesticides).
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Global Aroma Ingredients Market: Region Wise Outlook
On the basis of regions, Europe is expected to be a promising revenue generating region
for the global aroma ingredients market and is expected to grow at steady growth rate
during forecast period. Latin America and Asia Pacific are anticipated to witness relatively
faster growth both in terms of value and in terms of volume. Potential opportunities in
Asia Pacific and Latin America due to availability of labor and low cost of raw materials
are expected to drive growth in these regions over the forecast period. North America
and Middle East & Africa are also expected to show positive growth in the near future.
Global Aroma Ingredients Market: Key Players
Some of the key players identified in the global aroma ingredients market are as follows:
International Flavors and Fragrances Inc.
Fermenich International SA
Frutarom Industries Ltd.
Agilex Flavors and Fragrances, Inc.
Hindustan Mint & Agro Products Pvt. Ltd.
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