Global Aroma Ingredient
Market Report
2025
Aroma Ingredients market was valued at USD 6.43 billion in 2022 and will reach USD 10.01 billion by 2030, registering a CAGR of 5.7 % for the forecast period 2023-2030.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The global Aroma Ingredients market was valued at USD 6.43 billion in 2022 and will reach USD 10.01 billion by 2030, registering a CAGR of 5.7 % for the forecast period 2023-2030.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Aroma Ingredient Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 121212 | 5.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Aroma Ingredient industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Aroma Ingredient Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An aroma ingredient is a chemical compound used to enhance scents and fragrances. Aroma ingredients are volatile and hence their purpose is to provide scents and flavors. Aroma chemicals are used in the production of soaps, shampoos, hair oils, perfumes, detergents, lotions, and cosmetics. Aroma ingredients are classified into Natural Aroma Ingredients and Synthetic Aroma Ingredients. Natural aroma chemicals are derived from various plant parts including, fruits, flowers, peels, leaves, seeds, woods, bark, roots, and spices. Synthetic aroma chemicals are cost-effective using petroleum and aromatic compounds like esters, aldehydes, alcohols, etc and do not contain the original plant extract. Changing lifestyles, more health consciousness, increasing disposable income, and continuous innovation and technological advancement in the healthcare industry are likely to drive the market. On the other hand, strict government rules and regulation is hindering the market growth of the Aroma Ingredients Market.
Driving Factors:
Personal hygiene is very important as it prevents us from getting infectious diseases. Consumers are now more conscious about their health after the emergence of the Covid-19 pandemic. Concerns related to body and health are increasing due to changes in diet, improper sleep cycle, busy schedules, and overall routine change which drives the consumer to use more personal care and hygiene products.
Increasing awareness among the young population regarding the side effects of conventional products is rising in the Aroma Ingredients market. People are now moving towards organic and natural products to remain safe and healthy. According to the National Library of Medicines, there are 400,000 known plant species of both aromatic and medicinal plants which will increase the manufacturing of Aroma ingredients. Hence, the use of more natural aroma ingredients to minimize the side effects of other conventional products can lead the market.
Restraining Factor:
According to the U.S. Food & Drug Administration, Fragrance ingredients in cosmetics must meet the same requirement for safety as other cosmetic ingredients. Many ingredients used in the manufacturing of synthetic aroma ingredients such as bithionol, chloroform, hexachlorophene, etc are restricted by the FDA. Also, the color additives are permitted to use in the aroma ingredient only when FDA approves. Hence many such reasons restrict the growth of the Aroma Ingredients market.
Impact of the COVID-19 Pandemic on the Aroma Ingredients Market:
The outbreak of COVID-19 has witnessed a negative impact on the Aroma Ingredients market growth. During the pandemic, the government implemented lockdowns across several states which disrupted the supply chain and transport facilities. Lockdown measures, restrictions on transportation, shortage of raw materials, and shortages of labor, etc affected the manufacturing of the aroma ingredients product. This raised the cost of production which resulted in an overall increase in prices and a proportionate decrease in demand. Such factors have restrained the growth of the Aroma Ingredients market.
Post-pandemic all the activities resumed and the supply chain stabilized. Due COVID-19 pandemic, fancy lifestyles are shifting towards a healthy lifestyle. Today everyone is more aware of their hygiene and uses more personal care and sanitization products. Such changes will surely drive the Aroma Ingredients market.
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March 2021
Royal DSM has announced that it has reached an agreement to acquire the flavor and fragrance (F&F) bio-based intermediates business of Amyris, Inc. This will strengthen DSM’s biotechnology base with F&F intermediate products and increase the scale of DSM’s biotechnology activities in nutritional ingredients.
January 2022
The world’s largest privately owned fragrance and taste company Firmenich has started a new strategic partnership with HARMAY, a new retail brand in China. Under the agreement, Firmenich and HARMAY will join together to contribute to the development of the Fine Fragrance category in China, by leveraging their respective capabilities to support the enhancement of new fragrance brands, concepts, experiences, and models.
November 2022
Givaudan launched an upgraded version of its existing MoodScentz fragrance and oral care flavors design program. The newly launched MoodScentz+ introduces a new neurobiology measurement capability based on extensive data mining that helps to better understand how fragrances can operate as mood enhancers.
Top Companies Market Share in Aroma Ingredient Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Asia-Pacific held the largest revenue market share in 2022:
The population of India and China is leading the market growth. This growth is attributed to the significant demand and use of Aroma Ingredients in cosmetics in these regions. Asia is a rich source of spices and hence boosts the aroma ingredients market. Asian fragrances and flavors are very popular all over the world. Also, the regions of India and China, are dominating the food industry which ultimately increased the demand for aroma ingredients in the market. As major aroma ingredient manufacturing industries are located in this region, there is segmental growth in this region.
Europe is likely to dominate the market in the upcoming years. Givaudan’s is a multinational manufacturer of flavors and fragrances which is located in Europe. The various German brands such as Kozhya, Ave & You, Formel Skin, Nui, and others are contributing majorly to the aroma chemicals market in Europe. Various R&D activities and innovative technology which is anticipated to propel the market growth of Aroma Ingredients in Europe.
The current report Scope analyzes Aroma Ingredient Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Aroma Ingredient Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Aroma Ingredient Industry growth. Aroma Ingredient market has been segmented with the help of its Type, Application , and others. Aroma Ingredient market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Natural Aroma Ingredient segment is projected to grow at the highest CAGR during the forecast period, from 2023 to 2030:
Based on type, the Aroma Ingredient market is divided into Natural Ingredients and Synthetic Ingredients. Synthetic ingredients are dominating the aroma ingredient market due to cheaper prices and easy availability. Synthetic aroma ingredients are highly customized and are available in different forms in the cosmetics, food and beverage, and personal care industries. Hence due to the low cost of production and all such reasons, synthetic ingredients are dominating the market.
The Natural Aroma Ingredient segment is anticipated to grow during the forecast period. The naturally extracted aroma ingredients are chemical-free. Such products are safe and healthy to use. Nowadays, consumers are more conscious about their health and prefer natural products over synthetic ingredients. The extraction of natural aroma ingredients is environment-friendly and is more sustainable than manufacturing synthetic aroma ingredients. Hence the market for Natural Aroma Ingredients segment is likely to grow during the forecast period.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Aroma Ingredient Industry. Request a Free Sample PDF!
The Cosmetics segment is projected to grow at the highest CAGR during the forecast period, from 2023 to 2030:
By application, the market is divided into Fine Fragrances, Air care, Sanitization, Cleaning, Cosmetics, and Others. In 2021, the fragrance application is leading the market. The rising number of processed food industries, beverage industries, dairy industries, and confectionery industries contributes to the increased fragrance application segment. The demand for exotic flavors and all such attributes has boosted the fine fragrance application segment.
The cosmetics segment will dominate the market in the future. Nowadays consumers are more sensitive to personal appearance which makes them use maximum cosmetics. Also, the advertising and marketing of cosmetics and personal healthcare products have influenced the buying behavior of the consumer. The outbreak of COVID-19 and other such diseases will boost the sanitization industry. Hence the cosmetics and personal care segment is predicted to rise in the upcoming years.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Aroma Ingredient Market is witnessing significant growth in the near future.
In 2023, the Natural Aroma Ingredients segment accounted for noticeable share of global Aroma Ingredient Market and is projected to experience significant growth in the near future.
The Fine Fragrances segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Bel Flavors & Fragrances , Huabao and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Natural Aroma Ingredients, Synthetic Aroma Ingredients |
Application | Fine Fragrances, Air care, Cleaning and Sanitization, Cosmetics, Others |
List of Competitors | Bel Flavors & Fragrances, Frutarom, Huabao, Mane, Robertet SA, Symris, Ltd., Ogawa & Co., Ltd, Solvay, Kao Corporation, Vigon International, Yingyang (China) |
This chapter will help you gain GLOBAL Market Analysis of Aroma Ingredient. Further deep in this chapter, you will be able to review Global Aroma Ingredient Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Aroma Ingredient. Further deep in this chapter, you will be able to review North America Aroma Ingredient Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Aroma Ingredient. Further deep in this chapter, you will be able to review Europe Aroma Ingredient Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Aroma Ingredient. Further deep in this chapter, you will be able to review Asia Pacific Aroma Ingredient Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Aroma Ingredient. Further deep in this chapter, you will be able to review South America Aroma Ingredient Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Aroma Ingredient. Further deep in this chapter, you will be able to review Middle East and Africa Aroma Ingredient Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Aroma Ingredient. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
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Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Aroma Ingredient market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Natural Aroma Ingredients have a significant impact on Aroma Ingredient market? |
What are the key factors affecting the Natural Aroma Ingredients and Synthetic Aroma Ingredients of Aroma Ingredient Market? |
What is the CAGR/Growth Rate of Fine Fragrances during the forecast period? |
By type, which segment accounted for largest share of the global Aroma Ingredient Market? |
Which region is expected to dominate the global Aroma Ingredient Market within the forecast period? |
Segmentation Level Customization |
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