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The Asia Pacific aroma chemicals market exhibited moderate growth during 2014-2019. Aroma chemicals, also known as fragrances and odorants, are volatile chemical compounds that travel through the olfactory systems while causing the odor. They are found in wine, food, spices, essential oils, fragrance oils and perfumes. They can be manufactured synthetically in the lab or obtained biochemically during the ripening of fruits and other crops. In the Asia Pacific region, aroma chemicals play a significant role in the production of flavorants that are used in the foodservice industry to improve and increase the appeal of food products.
Asia Pacific aroma chemicals market is primarily driven by improving living standards and inflating income levels of consumers. Due to this, they are spending considerable amounts of money on premium products, such as perfumes. On account of this, countries like China and India have emerged as the largest consumers and exporters of aroma chemicals. Besides this, the growing awareness among consumers about personal hygiene has led to the adoption of cleaning, and home and personal care (HPC) products. As these products are generally perfumed, this trend is also propelling the growth of the market. Additionally, the demand for bio-based aroma chemicals has increased due to the growing inclination of consumers toward natural ingredients that are non-toxic, harmless and safe. Looking forward, IMARC Group expects the market to Asia Pacific aroma chemicals to continue its moderate growth during the forecast period (2020-2025).
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific aroma chemicals market report, along with forecasts for growth at the region level from 2020-2025. Our report has categorized the market based on region, type, product and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players.
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