The Europe aroma chemicals market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.65% during 2023-2028.
Aroma chemicals, or odorants, are chemical compounds that consist of a noticeable odor or smell. These volatile compounds range from extremely strong to very light and soft notes. Aroma chemicals are added in candies, baked products, and alcoholic and non-alcoholic beverages to improve the flavor, and in cosmetics, toiletries and cleaning products to add a fragrance. Most aroma chemicals are formed biochemically during the ripening process of fruits and crops, but they can also be manufactured synthetically in labs. With their growing application areas and changing tastes and preferences of consumers, the demand for aroma chemicals has escalated in the European region.
Europe represents the third largest aroma chemicals market across the globe. The market is primarily driven by the expanding cosmetics and toiletries sector, along with the well-established retail sector in the region. On account of this, several countries, such as the United Kingdom, France and Germany, have emerged as the leading manufacturers and exporters of aroma chemicals. Besides this, clean label products that are free of chemical additives and contain only natural ingredients are gaining traction in Europe. Moreover, various regulating bodies, such as the European Union (EU), are introducing new rules that require producers to indicate if the perfume contains any potential fragrance allergens. These strict regulations are in favor of green fragrances, which, in turn, is positively impacting the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe aroma chemicals market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type, product and application.
Breakup by Type:
Breakup by Product:
- Musk Chemicals
Breakup by Application:
- Soaps and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
Breakup by Country:
- United Kingdom
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
|Benzenoids, Musk Chemicals, Terpenoids,
| Applications Covered
|Soaps and Detergents, Cosmetics and Toiletries, Fine Fragrances, Others
|Germany, France, United Kingdom, Italy, Spain, Others
|10% Free Customization
|Report Price and Purchase Option
|Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support
|PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the Europe aroma chemicals market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Europe aroma chemicals market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Europe aroma chemicals market and who are the key players?
- What is the degree of competition in the industry?