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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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