Aroma Chemicals Market Bwc20012
Global Aroma Chemicals Market by Type (Natural and Synthetic), By Composition (Terpenes, Benzenoids, Esters, Amines and Aromatic), By Applications (Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Products, Food and Beverage and Other Applications) By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: April 2020
- Report ID: BWC20012
- Available Format: PDF
Global Aroma Chemicals Market Forecast and Trends
The global market for aroma chemicals is anticipated to grow at a moderate rate due to favorable economic conditions and an increase in disposable incomes coupled with enhanced end-user awareness of personal grooming and hygiene. Moreover, demand from businesses that manufacture food, cosmetics, toiletries, soaps and detergents, and household products may increase the market growth in upcoming years. Additionally, the increase in demand from the developing countries, along with vital technological advancements, has improved in the fragrance ingredients market. The strengthening of aroma chemical manufacturers is a vital trend contributing to the growth of this market. Nevertheless, factors such as expensive R&D programs, and the increasing compliance with regulatory standards may affect market growth during the forecast period.
Global Aroma Chemicals Market: Overview
Aroma chemicals, also identified as fragrances and odorants, are chemical compounds that have odor or smell. The aroma is volatile enough to travel through the olfactory system of the nose and cause a pleasant smell. Unlike flavors that influence smell and taste, fragrances influence only smell. The nature of fragrances tends to be synthetic. Aroma chemicals can be found in food, spices, essential oils, perfumes, wine, and fragrance oils. Most of the aroma chemicals are created biochemically during the ripening process of fruits and crops. These compounds have a significant role in the manufacture of flavorings, which are used in food preparation to improve flavor. Based on structural composition, aroma chemicals can be classified into esters, linear terpenes, cyclic terpenes, amines, and aromatic. Aroma chemicals are generally added in odorizers to give a distinct smell to odorless gases, such as hydrogen, propane, and natural gas, as a warning.
Increasing applications in various sector
Synthetic aroma chemicals are a necessary ingredient for manufacturers in cosmetics, food and beverage, and personal care. Oftentimes, it can have uses and advantages that cannot be the same as natural products or ingredients.
Natural aroma products are a great option for food and beverage businesses looking to add flavor to their products, but it also has some share of drawbacks. One limitation is that the scent of natural foods product is often difficult to replicate, which is where synthetic aroma chemicals can replicate the scent of natural foods for snacks, candies, and carbonated sodas.
Global Aroma Chemicals Market: Product
Based on product, the global Aroma Chemicals market segmented into Terpenes, Benzenoids, Esters, Amines and Aromatic. As Terpene based compounds have a high probability of complementing with oil and lignin-based feedstock, carbohydrate, and serve as an option for petrochemicals in the production perfumes and fragrances in the aroma chemicals market. Terpenes also act as flavor means to add a more advanced aroma to different food products, as compared to synthetic substances. Thus, the user can increase the application of terpene compounds in the food and beverage industry.
Global Aroma Chemicals Market: Application
Based on Application, the global Aroma Chemicals market segmented into Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Products, Food and Beverage and Other Applications. Soaps and detergents segment is expected to grow at a significant rate as most of the soap manufacturers use fragrance chemicals to make and soap and detergents. Soaps and detergents are used every day and are vital necessities as consumer goods and are used by the huge population base. Escalating penetration of washing machines in developing countries is estimated to gain significant market growth.
Global Aroma Chemicals Market: Regional Insights
Based on region, the global Aroma Chemicals market segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. China is the second-largest economy in terms of growth in the world, and the rising level of income of the country’s population is further pushing the economy. Though the economy witnessed a constant increase in the past years, it is expected to recover and expand at a significant rate.
In China, the largest fragrance businesses are predictably located in the most developed cities, such as Beijing and Shanghai. The need for fragrance in soaps and detergents was one of the market drivers, and this segment is expected to continue to grow during the projected period, primarily due to the growing household applications. China and India have the most significant personal care market in the Asia-Pacific region.
The major players in the global Aroma Chemicals are Aromatech, BASF SE, Fairchem Speciality Ltd, HINDUSTAN MINT & AGRO PRODUCTS PVT. LTD., Kalpsutra Chemicals Pvt. Ltd, Kao Corporation, PFW Aroma Chemicals (Kelkar Group), Robertet, S H Kelkar And Company, Sensient Technologies, Silverline Chemicals, Solvay, SymriseAG and other prominent players.
Ø March, 2020: BASF and Hengst have developed the world’s first reusable plastic spin-on oil filter module for cars. Blue.on is the sustainable alternative to conventional spin-on modules made from metal, since it does not need to be replaced during filter change. It is made from Ultramid® Structure LFX, a long glass fiber-reinforced high-performance plastic from BASF whose specific properties provide new opportunities for metal substitution.
Ø December, 2019: The
Skin Care Research Laboratory and Processing Development Research Laboratory of
Kao Corporation developed a protection technology that provides control of the
uncomfortable skin surface temperature increase and heat sensation caused by
sun exposure. This technology consists of thin titanium dioxide flakes that block
the near-infrared (NIR) rays in sunlight in a highly efficiently manner.
Ø Soap and Detergents
Ø Cosmetics and Toiletries
Ø Fine Fragrances
Ø Household Products
Ø Food and Beverage
Ø Other Applications
Ø North America
Ø Asia Pacific
Ø Latin America
Ø Middle East & Africa
The objective of the Study:
Ø To analyze and forecast the global Aroma Chemicals Market size of the market in terms of value.
Ø To examine the careful market segmentation and forecast the market size, in terms of value, based on the region by segmenting.
Ø The Global Aroma Chemicals Market segmented into five regions, namely, North America, Europe, Asia Pacific, Latin America, Middle East & Africa and their leading countries.
Ø To outline, categorized, and forecast the global Aroma Chemicals Market based on the type, composition and application.
Ø To examine competitive developments like technological advancement, services, and regulative framework within the global Aroma Chemicals Market.
Ø To highlight the impact analysis of the factors affecting the market dynamics such as drivers, restraints, opportunities, and challenges.
Ø To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.
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