Aroma Chemicals in Asia Pacific Will Likely Expand at a 6.1% CAGR by 2032

The aroma chemicals market reached a valuation of US$ 5.11 Billion by 2021, and is likely to register a Y-o-Y growth rate of 1.0% in 2022, closing at US$ 5.21 Billion. Furthermore, across the 2022-2032 period of assessment, growth is expected to accelerate at a whopping 4.7% CAGR, reaching US$ 8.11 Billion.

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Increased use of flavors and fragrances in the soaps, detergents, cosmetics, as well as food and beverage industries is credited with driving the expansion of the global aroma chemicals market.

Aroma Chemicals Market- Competitive Landscape

Prominent players in the Aroma Chemicals Industry are taking advantage of the rapidly increasing demand for the Aroma Chemicals in various applications. To further their outreach, players are relying on collaborations, partnerships and acquisitions with existing small, medium and large-scale vendors. Some prominent market

developments are as follows:

• In December 2021, Firmenich SA announced the commissioning of a new production unit for renewable ingredients at its facility located in Castets, France. The new production plant was expected to be operational from January 2022.

• In June 2020, Givaudan launched VivaScentz™, a leading-edge fragrance innovation to enhance consumer well-being with offering benefits across all categories of perfume including fine fragrance, personal, home, and fabric care as well as oral care flavours. This new technology, at the forefront of the fragrance industry, aims to help consumers achieve a holistic sense of wellbeing.

• In June 2020, BASF acquired Isobionics, a biotech company, to setup its own distillation plant for the manufacture of new flavors & fragrances. The plant is supposed to be built at Brightlands Chemelot Campus in Geleen in the Dutch Province of Limburg. This strategy is to set up its own production unit for manufacturing and development of new fragrances which is anticipated to create opportunities for market growth.

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Key Companies Profiled:

• Kelkar Group
• BASF SE
• Hindustan Mint and Agro Products
• Solvay
• Symrise AG
• Robertet
• Kao Corporation,
• Privi Organics Ltd.
• Kalpa Sutra Chemicals,
• Bell Flavors & Fragrances

Key Segments Covered in the Industry Survey

• B Application:

o Soaps & Detergents
o Cosmetics & Toiletries
o Food & Beverages Ingredients

• By Compound:

o Alcohol-based
 Saturated Alkyl-Alcohol
 Unsaturated Alkyl-Alcohol
 Complex Fragrance Alcohol
 Aromatic and Aralkyl Alcohol
 Phenolic

o Acids-based
 Saturated Aliphatic Acid
 Unsaturated Aliphatic Acid
 Aromatic Acid

o Esters-based
 Saturated Esters
 Unsaturated Esters
 Aromatic Esters
 Lactones- Gamma and Delta
 Synthesis of Ester

o Aldehydes-based Aroma Chemicals
 Aliphatic Aldehyde
 Unsaturated Aldehyde
 Acetals
 Aromatics
 Nitriles

o Hydrocarbons-based

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Key Questions Covered in the Aroma Chemicals Market Report:

• What is the projected value of the Aroma Chemicals factors Industry in 2022?
• At what rate will the global Aroma Chemicals factors market size grow until 2032?
• Which are the factors hampering the growth of Aroma Chemicals factors?
• Which region is expected to lead in the global Aroma Chemicals factors market by 2032?
• Which are the factors driving the Aroma Chemicals factors Industry during the forecast period?
• What is the expected market value of the Aroma Chemicals factors market during the forecast period?

Regional Analysis for Aroma Chemicals Market:

• APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (USA, Canada and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, United Arab Emirates, South Africa)

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This release was published on openPR.