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Aroma Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global aroma chemicals market reached a value of US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Aroma chemicals are volatile chemical compounds made using synthetic or natural compounds, which are extracted from plants or animals. They act as essential raw materials in formulating a unique blend of flavors and perfumes. They are also utilized in the manufacturing of cosmetics, baked products, candies, and alcoholic and non-alcoholic beverages. They also find application in fast-moving consumer goods (FMCG), including cleaning and personal care products.

Global Aroma Chemicals Market Trends:

A significant rise in the demand for exotic fragrant intensifiers and odors supported by the growing global population and inflating income levels of individuals represents one of the key factors positively influencing the global aroma chemicals market share. In addition, the rising awareness among the masss about personal grooming and hygiene is increasing the adoption of cleaning, home, and personal care (HPC) products with appealing fragrances. Besides this, the burgeoning travel and tourism sector and the expansion of hotels, restaurants, cafes, and bars are catalyzing the need for toiletries with exotic fragrances. Apart from this, the growing inclination of consumers toward natural ingredients that are non-toxic, free from allergic reactions, and harmless to the skin is driving the demand for bio-based aroma chemicals worldwide. Furthermore, the rising usage of organic, natural, and soothing fragrances in aromatherapy as they influence the psychological and emotional well-being of individuals is propelling the market growth. Moreover, increasing investments by the leading players in research and development (R&D) activities to develop innovative products with smart pricing strategies are anticipated to strengthen the market growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global aroma chemicals market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on type, product and application.

Breakup by Type:

  • Natural
  • Synthetic

Synthetic aroma chemicals hold the largest market share as they are long lasting and enable perfumers to customize a variety of scents.

Breakup by Product:

  • Benzenoids
  • Musk Chemicals
  • Terpenoids
  • Others

Terpenoids account for the majority of the share due to its the medicinal and therapeutic properties. 

Breakup by Application:

  • Soaps and Detergents
  • Cosmetics and Toiletries
  • Fine Fragrances
  • Others

Soaps and detergents exhibit a clear dominance in the market due to the escalating demand for toiletries and personal care products formulated with aromatic chemicals.

Breakup by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East and Africa
  • Latin America

Asia Pacific holds the majority of the market share on account of the increasing population and the growing demand for personal care products in the region.

Competitive Landscape:

The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.

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:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Type, Product, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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$), 2016-2021
Figure 3: Global: Aroma Chemicals Market: Breakup by Type (in %), 2021
Figure 4: Global: Aroma Chemicals Market: Breakup by Product (in %), 2021
Figure 5: Global: Aroma Chemicals Market: Breakup by Application (in %), 2021
Figure 6: Global: Aroma Chemicals Market: Breakup by Region (in %), 2021
Figure 7: Global: Aroma Chemicals Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 12: Global: Aroma Chemicals (Natural) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Aroma Chemicals (Synthetic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Aroma Chemicals (Synthetic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Aroma Chemicals (Benzenoids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Aroma Chemicals (Benzenoids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Aroma Chemicals (Musk Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Aroma Chemicals (Musk Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Aroma Chemicals (Terpenoids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Aroma Chemicals (Terpenoids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Aroma Chemicals (Other Products) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Aroma Chemicals (Other Products) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Aroma Chemicals (Soaps and Detergents) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Aroma Chemicals (Soaps and Detergents) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Aroma Chemicals (Cosmetics and Toiletries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Aroma Chemicals (Cosmetics and Toiletries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Aroma Chemicals (Fine Fragrances) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Aroma Chemicals (Fine Fragrances) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Aroma Chemicals (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Aroma Chemicals (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia Pacific: Aroma Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia Pacific: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Europe: Aroma Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Europe: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Aroma Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Middle East and Africa: Aroma Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Middle East and Africa: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Latin America: Aroma Chemicals Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Latin America: Aroma Chemicals Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Aroma Chemicals Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Aroma Chemicals Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Aroma Chemicals Market Forecast: Breakup by Product (in Million US$), 2022-2027
Table 4: Global: Aroma Chemicals Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Aroma Chemicals Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Aroma Chemicals Market: Competitive Structure
Table 7: Global: Aroma Chemicals Market: Key Players

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Key Questions Answered in This Report

We expect the global aroma chemicals market to exhibit a CAGR of 6% during 2022-2027.

The rising demand for natural fragrances and growing inclination towards fragrant intensifiers and odorants, represent some of the factors driving the global aroma chemicals market.

The sudden outbreak of the COVID-19 pandemic had 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. 

Based on the type, the global aroma chemicals market can be segregated into natural, and synthetic chemicals. Among these, synthetic chemicals account for the majority of the global market share.

Based on the product, the global aroma chemicals market has been categorized into benzenoids, musk chemicals, terpenoids and others. Currently, terpenoids account for the largest market share.

Based on the application, the global aroma chemicals market can be bifurcated into soaps and detergents, cosmetics and toiletries, fine fragrances, and others. Among these, soaps and detergents exhibit a clear dominance in the market. 

On a regional level, 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. 

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