Market Overview:
The global aroma chemicals market reached a value of US$ 5.4 Billion in 2019. Aroma chemicals or odorants are a group of molecules that are used as an ingredient to add flavor and fragrance to various products. They consist of synthetic, natural and nature-identical components. The natural compounds are extracted from plants and animals, whereas the nature-identical and synthetic compounds are manufactured artificially in labs using various oils and fats. Perfumers blend specific quantities of aroma chemicals to create a perfume formula. They can also be added in baked products, candies, alcoholic and non-alcoholic beverages, and to add fragrance to cosmetics, toiletries and cleaning products. Looking forward, IMARC Group expects the global aroma chemicals market to continue its moderate growth during the next five years.
The rising demand for natural fragrances and aromas across the globe is the key factor driving the growth of the market. With the increasing disposable incomes, consumers are now more inclined toward spending on premium products for personal care, beauty, medicines and homecare, which are available in a variety of fragrances. Furthermore, growing consumer awareness regarding the maintenance of hygiene has significantly impacted the demand for cleaning products and toiletries that use aroma chemicals as one of their key ingredients. Also, perfume manufacturers are experimenting with new synthetic fragrances to replicate the natural ones by incorporating aspects of biochemical sciences. Moreover, there is an increase in the usage of sulfur-containing compounds in perfumes as they are some of the strongest odorants that provide distinctive aromas to scents. Other factors such as the rising trend of aromatherapy for maintaining emotional and psychological wellbeing and increased focus of research and development (R&D) are also significantly contributing to the market growth.
IMARC Group’s latest report provides a deep insight into the global aroma chemicals market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the aroma chemicals industry in any manner.
Report Coverage:
- Historical, Current and Future Market Trends
- Market Breakup by Type:
- Market Breakup by Product:
- Benzenoids
- Musk Chemicals
- Terpenoids
- Others
- Market Breakup by Application:
- Soaps and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Others
- Market Breakup by Region:
- Asia Pacific
- Europe
- North America
- Middle East and Africa
- Latin America
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the major players operating in the industry.
Key Questions Answered in This Report:
The global aroma chemicals market was worth around US$ 5.4 Billion in 2019.
According to the estimates by IMARC Group, the global aroma chemicals market will exhibit moderate growth during the next five years.
The rising demand for natural fragrances, along with growing preferences towards fragrant intensifiers and odorants are some of the key drivers for the global aroma chemicals market.
The emerging trend of aromatherapy for maintaining emotional and psychological wellbeing represents one of the key trends in the global aroma chemicals market.
The sudden outbreak of the COVID-19 pandemic has led to the implementation of stringent lockdown regulations across several nations resulting in a shift from luxury products towards essential goods, thereby hampering the sales of various aroma chemicals-based end products.
On the basis of the type, the market has been classified into natural and synthetic chemicals. Amongst these, synthetic chemicals account for the majority of the global market share.
On the basis of the product, the market has been categorized into benzenoids, musk chemicals, terpenoids and others. At present, terpenoids currently account for the largest market share.
On the basis of the application, the market has been bifurcated into soaps and detergents, cosmetics and toiletries, fine fragrances, and others. At present, soaps and detergents are mostly preferred by consumers across the globe.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific currently dominates the global market.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Aroma Chemicals Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Type
5.5 Market Breakup by Product
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
6 SWOT Analysis
6.1 Overview
6.2 Strengths
6.3 Weaknesses
6.4 Opportunities
6.5 Threats
7 Value Chain Analysis
8 Porter’s Five Forces Analysis
8.1 Overview
8.2 Bargaining Power of Buyers
8.3 Bargaining Power of Suppliers
8.4 Degree of Competition
8.5 Threat of New Entrants
8.6 Threat of Substitutes
9 Market Breakup by Type
9.1 Natural
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Synthetic
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Product
10.1 Benzenoids
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Musk Chemicals
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Terpenoids
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Others
10.4.1 Market Trends
10.4.2 Market Forecast
11 Market Breakup by Application
11.1 Soaps and Detergents
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Cosmetics and Toiletries
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Fine Fragrances
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Others
11.4.1 Market Trends
11.4.2 Market Forecast
12 Market Breakup by Region
12.1 Asia Pacific
12.1.1 Market Trends
12.1.2 Market Forecast
12.2 Europe
12.2.1 Market Trends
12.2.2 Market Forecast
12.3 North America
12.3.1 Market Trends
12.3.2 Market Forecast
12.4 Middle East and Africa
12.4.1 Market Trends
12.4.2 Market Forecast
12.5 Latin America
12.5.1 Market Trends
12.5.2 Market Forecast
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
List of Figures
Figure 1: Global: Aroma Chemicals Market: Major Drivers and Challenges
Figure 2: Global: Aroma Chemicals Market: Sales Value (in Billion US$), 2014-2019
Figure 3: Global: Aroma Chemicals Market: Breakup by Type (in %), 2019
Figure 4: Global: Aroma Chemicals Market: Breakup by Product (in %), 2019
Figure 5: Global: Aroma Chemicals Market: Breakup by Application (in %), 2019
Figure 6: Global: Aroma Chemicals Market: Breakup by Region (in %), 2019
Figure 7: Global: Aroma Chemicals Market Forecast: Sales Value (in Billion US$), 2020-2025
Figure 8: Global: Aroma Chemicals Industry: SWOT Analysis
Figure 9: Global: Aroma Chemicals Industry: Value Chain Analysis
Figure 10: Global: Aroma Chemicals Industry: Porter’s Five Forces Analysis
Figure 11: Global: Aroma Chemicals (Natural) Market: Sales Value (in Million US$), 2014 & 2019
Figure 12: Global: Aroma Chemicals (Natural) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 13: Global: Aroma Chemicals (Synthetic) Market: Sales Value (in Million US$), 2014 & 2019
Figure 14: Global: Aroma Chemicals (Synthetic) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 15: Global: Aroma Chemicals (Benzenoids) Market: Sales Value (in Million US$), 2014 & 2019
Figure 16: Global: Aroma Chemicals (Benzenoids) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 17: Global: Aroma Chemicals (Musk Chemicals) Market: Sales Value (in Million US$), 2014 & 2019
Figure 18: Global: Aroma Chemicals (Musk Chemicals) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 19: Global: Aroma Chemicals (Terpenoids) Market: Sales Value (in Million US$), 2014 & 2019
Figure 20: Global: Aroma Chemicals (Terpenoids) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 21: Global: Aroma Chemicals (Other Products) Market: Sales Value (in Million US$), 2014 & 2019
Figure 22: Global: Aroma Chemicals (Other Products) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 23: Global: Aroma Chemicals (Soaps and Detergents) Market: Sales Value (in Million US$), 2014 & 2019
Figure 24: Global: Aroma Chemicals (Soaps and Detergents) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 25: Global: Aroma Chemicals (Cosmetics and Toiletries) Market: Sales Value (in Million US$), 2014 & 2019
Figure 26: Global: Aroma Chemicals (Cosmetics and Toiletries) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 27: Global: Aroma Chemicals (Fine Fragrances) Market: Sales Value (in Million US$), 2014 & 2019
Figure 28: Global: Aroma Chemicals (Fine Fragrances) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 29: Global: Aroma Chemicals (Other Applications) Market: Sales Value (in Million US$), 2014 & 2019
Figure 30: Global: Aroma Chemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 31: Asia Pacific: Aroma Chemicals Market: Sales Value (in Million US$), 2014 & 2019
Figure 32: Asia Pacific: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 33: Europe: Aroma Chemicals Market: Sales Value (in Million US$), 2014 & 2019
Figure 34: Europe: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 35: North America: Aroma Chemicals Market: Sales Value (in Million US$), 2014 & 2019
Figure 36: North America: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 37: Middle East and Africa: Aroma Chemicals Market: Sales Value (in Million US$), 2014 & 2019
Figure 38: Middle East and Africa: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2020-2025
Figure 39: Latin America: Aroma Chemicals Market: Sales Value (in Million US$), 2014 & 2019
Figure 40: Latin America: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2020-2025
List of Tables
Table 1: Global: Aroma Chemicals Market: Key Industry Highlights, 2019 and 2025
Table 2: Global: Aroma Chemicals Market Forecast: Breakup by Type (in Million US$), 2020-2025
Table 3: Global: Aroma Chemicals Market Forecast: Breakup by Product (in Million US$), 2020-2025
Table 4: Global: Aroma Chemicals Market Forecast: Breakup by Application (in Million US$), 2020-2025
Table 5: Global: Aroma Chemicals Market Forecast: Breakup by Region (in Million US$), 2020-2025
Table 6: Global: Aroma Chemicals Market Structure
Table 7: Global: Aroma Chemicals Market: Key Players