Global Aroma Chemicals Market Projected to Reach US$ 8.7 Billion by 2027

According to the new market research report by IMARC Group, the global aroma chemicals market size reached US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 8.7 Billion by 2027, exhibiting a CAGR of 6% during 2022-2027.

Aroma chemicals, also called odorants, refer to volatile chemical compounds produced by using synthetic or natural materials that are extracted from plants and animals. They act as essential raw materials in formulating a unique blend of flavors and perfumes. Aroma chemicals are also utilized in the manufacturing of cosmetics, baked products, candies, alcoholic and non-alcoholic beverages, etc. In line with this, they find wide-ranging applications in fast-moving consumer goods (FMCG), including cleaning and personal care products.

Download free sample of the report: https://www.imarcgroup.com/aroma-chemicals-market/requestsample

Aroma Chemicals Market Trends and Drivers: 

The escalating demand for exotic fragrant intensifiers and odors, on account of the inflating income levels of individuals, is primarily augmenting the aroma chemicals market. Furthermore, the increasing consumer awareness towards personal grooming and hygiene is propelling the adoption of cleaning, home, and personal care (HPC) items, which is positively influencing the global market.

Apart from this, the expanding travel and tourism sector and the growing number of hotels, restaurants, cafes, and bars are stimulating the need for toiletries with exotic fragrances. Moreover, the development of bio-based aroma chemicals made using natural ingredients that are non-toxic, free from allergic reactions, harmless to the skin, etc., is also bolstering the market growth.

Besides this, the rising utilization of organic, natural, and soothing scents in aromatherapy as they influence the psychological and emotional well-being of individuals is further catalyzing the global market. Additionally, the elevating investments by leading manufacturers in R&D activities to develop innovative variants with smart pricing strategies and continuous technological advancements in extraction processes are expected to fuel the aroma chemicals market in the coming years.

Ask an Analyst - https://www.imarcgroup.com/request?type=report&id=1634&flag=C

Key Market Segmentation:

The report has segmented the aluminium cans market on the basis of breakup by type, product, application and region.

Breakup by Type:

Natural
Synthetic

Breakup by Product:

Benzenoids
Musk Chemicals
Terpenoids
Others

Breakup by Application:

Soaps and Detergents
Cosmetics and Toiletries
Fine Fragrances
Others

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

Browse Other Latest Research Reports:

India Industrial Gases Market: https://www.imarcgroup.com/india-industrial-gases-market

India Aroma Chemicals Market: https://www.imarcgroup.com/india-aroma-chemicals-market

Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No: (D) +91 120 433 0800
Americas: - +1 631 791 1145 | Africa and Europe: - + 44-702-409-7331 | Asia: + 91-120-433-0800, + 91-120-433-0800

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.