The latest report by IMARC Group, titled “India Aroma Chemicals Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” finds that the India aroma chemicals market exhibited moderate growth during 2015-2020. Aroma chemicals are chemical substances that are used as ingredients in flavors and fragrances. They are highly volatile in nature and are used as an integral component in manufacturing perfumes, toiletries, detergents, fragrance oils, food, wines, and spices. Alcohols, esters, aldehydes, terpenes, and ketones are some of the important aroma chemicals. They are obtained from natural sources, such as fats and oils, and can also be produced synthetically.
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India Aroma Chemicals Market Trends:
The market is primarily driven by the expanding fragrance industry in India. There has been a rise in the demand for natural and niche fragrances that are customizable according to the customers' preferences. This has resulted in the increasing need for personalized fragrance experiences and exotic scents, which, in turn, is propelling the market growth across India. Moreover, aroma chemicals are utilized in aromatherapy to influence the emotional and psychological wellbeing of individuals. In addition to this, the introduction of innovative and attractive flavors in the food and beverages industry has significantly influenced the demand for aroma chemicals. Besides this, the increasing consumer awareness regarding hygiene maintenance has increased the sales of cleaning products and toiletries, which use aroma chemicals as a key ingredient. Furthermore, the rising need for natural, plant-based aroma chemicals, along with the adoption of cleaner technologies, such as supercritical fluid and microwave-assisted extraction techniques, is expected to propel the market growth. On account of these factors, the market is expected to grow at a CAGR of around 6% during the forecast period (2021-2026).
- Based on the type, the market has been segmented into natural and synthetic aroma chemicals.
- On the basis of the product, the market has been classified into benzenoids, musk chemicals, terpenoids, and others.
- The market has been categorized based on the application into soap and detergents, cosmetics and toiletries, fine fragrances, and others.
- Region-wise, the market has been divided into North, West and Central, South, and East India.
- The competitive landscape of the market has been examined in the report, with the detailed profiles of the key players operative in the industry.
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