Aroma Ingredients Market likely to grow at an impressive CAGR of 5.2% by 2025, as estimated by Stratview Research
Not only the report offers the market size but also details about the market segmentation with its share. Stratview Research also extends its research to offer a forecast of the market during the period of 2020 – 2025, to provide the clients with base knowledge of the market and make strategies to have beneficial results ahead.
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Aroma ingredients are mainly chemical compounds with fragrance or smell. Such compounds are highly volatile in nature and can be easily sensed by the olfactory system that is located in the nose.
Aroma ingredients can be natural or can be also synthetic. They are used mostly in fine fragrances and also in a number of other products such as different toiletries, cosmetic products, and others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Based on the type, the market is segmented as synthetic ingredients and natural ingredients. The synthetic ingredients segment is estimated to lead the market in the coming five years. The growth is attributed to the viable cost of synthetic ingredients, easy obtainability, and steadiness in quality.
Based on the application type, the market is segmented as fine fragrances, toiletries, and cosmetics. The fine fragrances segment is expected to lead the market during the forecast period. Fine fragrance is a terminology used for products thinned with alcohol and comprise a high concentration of aroma ingredients. Fine fragrances include prime application areas, such as colognes, perfumes, body mists, and deodorants. Aroma constituents are the major components employed in the formulation of fine fragrances. Thus, the growing demand for colognes, perfumes, deodorants, and body mists across the world is estimated to boost the demand for aroma ingredients in the fine fragrances application segment during the forecast period.
In terms of regions, the European region is estimated to be the largest market for the aroma ingredients market across the globe owing to the presence of leading manufacturing giants of aroma ingredients and personal care products in the coming five years. The major countries bolstering the growth of the European aroma ingredients market are France, Germany, Italy, and the UK. Further, the European perfume industry is exceedingly innovative. Thus, these manufacturers yield a wide range of fragrances, which generate a high demand for aroma ingredients in the region. Asia-Pacific and North America are also expected to offer substantial growth opportunities during the forecast period.
Check out the Table of Contents here:
Highlights of the Report:
Aroma ingredients market is likely to witness an impressive CAGR of 5.2% during the forecast period. Factors such as, increasing demand for personal care products and variations in lifestyles and consumer penchants are estimated to underpin the growth of the global aroma ingredients market during the forecast period.
Some of the major players in the aroma ingredients market are Bel Flavors & Fragrances, Huabao International Holdings, Kao Corporation, Ogawa & Co., Ltd, Robertet SA, Solvay SA, S H Kelkar and Company Limited, Sensient Technologies Corporation, T. Hasegawa Co., Ltd., and Takasago International Corporation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Aroma Ingredients Market analysis report discusses the following heads in great detail:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors
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