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The Europe aroma chemicals market exhibited moderate growth during 2014-2019. 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. Looking forward, IMARC Group expects the Europe aroma chemicals market 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 Europe 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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