openPR Logo
Press release

Aroma Chemicals Market: Widening Application Range of Aroma Chemicals to Boost Growth By 2024

Aroma Chemicals Market

Aroma Chemicals Market

The competitive landscape in the global aroma chemicals market is highly consolidated, states a new report by Transparency Market Research (TMR). The top four participants, namely, Givaudan, Firmenich SA, Symrise, and IFF, held around 54% of the overall market in 2015. These companies are investing heavily in research activities in order to develop technologically advanced products. Going forward, a shift in their focus towards mergers, acquisitions, and strategic alliances can be observed in the years to come, states the report.

As per the report’s estimations, the global aroma chemicals market, which stood at US$3.85 bn in 2015, is anticipated to rise at a CAGR of 6.20% over the period from 2016 to 2024 and reach a valuation of US$6.57 by the end of the forecast period. Benzenoids have emerged as the most valued product in this market and are anticipated to remain enjoying a strong demand across the world over the next few years, notes the market study.

Browse Market Research Report @

Demand for Synthetic Aroma Chemicals to Remain High

In this research report, aroma chemicals have broadly been classified into two types; Natural and synthetic. Among the two, the demand for synthetic aroma chemicals is greater among consumers. Although analysts expect the trend to remain so over the forthcoming years, the demand for natural aroma chemicals is likely to demonstrate a high-paced rise during the period of the forecast, thanks to their increasing popularity as a safer, greener, therapeutic, and more sustainable alternative to synthetic aroma chemicals.

The report further presents a geographical analysis of the worldwide market for aroma chemicals. According to the study, the global market has its presence across North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Europe led the overall market in 2015 with a share of 33.3% and is anticipated to maintain its dominance throughout the period of the forecast. Asia Pacific, among other regional markets, is expected to display promising growth potential in the near future, states the research report.

Enter your information below to receive a sample copy of this report @

Rise in Disposable Income of Consumers in Emerging Economies to Fuel Demand

“The global market for aroma chemicals is gaining signifcantly from the widening application range of aroma chemicals,” states the author of this study. Initially, the application of these chemicals was limited to the household and personal care products; however, now their increasing usage in the food and beverages and medical and healthcare industries is creating substantial growth opportunities for this market.

Over the coming years, the demand for aroma chemicals is likely to increase remarkably, thanks to the rise in the disposable income of consumers in emerging economies, such as Brazil, China, India, and Africa, enabling them to spend on luxurious personal care products. However, the presence of stringent rules and regulations forcing companies to follow specific compliance policies may hinder the growth of this market in the years to come, reports the study.

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700, Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453



Visit Blog:

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aroma Chemicals Market: Widening Application Range of Aroma Chemicals to Boost Growth By 2024 here

News-ID: 576602 • Views:

More Releases from Transparency Market Research

Europe Standing Desk Market to Reach $665.1 Million by 2034 Amid Growing Health Awareness
Europe Standing Desk Market to Reach $665.1 Million by 2034 Amid Growing Health …
The standing desk market in Europe, valued at US$ 392.6 million in 2023, is projected to experience robust growth, reaching an estimated US$ 665.1 million by 2034, driven by a compound annual growth rate (CAGR) of 5.0% from 2024 to 2034. This growth is propelled by rising health consciousness, technological advancements, and evolving workplace trends, as well as an increasing emphasis on employee well-being and productivity. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟
Global Combat Sports Products Market Set to Reach $15.4 Billion by 2031, Driven by Rising Popularity and Safety Regulations
Global Combat Sports Products Market Set to Reach $15.4 Billion by 2031, Driven …
The global combat sports products market, valued at USD 9.0 billion in 2022, is projected to reach USD 15.4 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.1%. This substantial growth is attributed to the rising popularity of combat sports, increased participation, and the implementation of stringent safety regulations. Analysts suggest that the market will continue to thrive due to these factors and the strategic initiatives
Notoginseng Root Extract Market Poised for Steady Growth Through 2028, Driven by Health and Wellness Trends
Notoginseng Root Extract Market Poised for Steady Growth Through 2028, Driven by …
Global revenues from notoginseng root extract were approximately $300 million, with projections indicating steady growth at a compound annual growth rate (CAGR) of just under 4% through 2028. The primary demand driver remains the health-conscious consumer demographic, which continues to seek products that align with current health trends. 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ The Expanding Health Market and Therapeutic Potential Manufacturers in the notoginseng root extract market are
Hybrid Electrolyte Market Set for 11.4% CAGR, Expected to Reach USD 65.5 Million by 2031
Hybrid Electrolyte Market Set for 11.4% CAGR, Expected to Reach USD 65.5 Million …
The global hybrid electrolyte market is poised for remarkable growth in the coming years, driven by advancements in battery technology and the increasing demand for high-performance energy storage solutions. With a valuation of US$ 22.5 million in 2021, the market is projected to witness a robust CAGR of 11.4% from 2022 to 2031, reaching a value of US$ 65.5 million by the end of 2031. Let's delve into the dynamics

All 5 Releases

More Releases for Aroma

scent machines Market 2022 Analysis by Top Manufacturers - Scentair, Asiamist, A …
The global scent machines market report focuses on a comprehensive analysis of current and future prospects of the scent machines industry. SWOT analysis, demographics, industrial advancements, and regulatory requirements of the scent machines Market has been performed to analyze the growth rate of each segment and sub-segment. The role of industry in the natural occurrence of COVID-19 has been studied extensively. for a given amount, a complete risk analysis and trade recommendations
Aroma Diffusion Machines Market (2020-2026) | What Recent Study Say About Top Co …
IndustryGrowthInsights (IGI), one of the world’s prominent market research firms has released a new report on Global Aroma Diffusion Machines Market. The report contains crucial insights on the market which will support the clients to make the right business decisions. This research will help both existing and new aspirants for Aroma Diffusion Machines market to figure out and study market needs, market size, and competition. The report talks about the
Aroma Chemicals Market 2019:Quantitative Analysis By Hindustan Mint & Agro Produ …
The market analysis of aroma chemicals market report provides an examination of various market segments that are supposed to witness the fastest development amid the estimated forecast frame. A comprehensive market research has been conducted in this report which puts a light on the challenges, market structures, opportunities, driving forces, scope, and competitive landscape for your business. The best tools have been adopted to generate this report which is SWOT
Aroma Machine Market Key Players Survey Report 2018 | Air Aroma Aromatech, Aroma …
Latest research study on "Global Aroma Machine Market Professional Survey Report 2018." This report studies Aroma Machine in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2013 to 2018, and forecast to 2025. The main objective of this report is to aid the user in understanding the market as a whole, its definitions, segmentation, market potential,
Global Aroma Machine Market Demand 2018 Air Aroma, Aromatech, Aromaco, Scentair
Recently added detailed market study "Global Aroma Machine Market" examines the performance of the Aroma Machine market 2018. It encloses an in-depth Research of the Aroma Machine market state and the competitive landscape globally. This report analyzes the potential of Aroma Machine market in the present and the future prospects from various angles in detail. The Global Aroma Machine Market 2018 report includes Aroma Machine market Revenue, market Share, Aroma Machine
Global Vietnam Citronella Oil Market- Van Aroma, Yunnan Aroma Source, Bhoomi, EO …
Global Market Study Evaluate on Vietnam Citronella Oil Industry by Type, Manufacturers, Application, Type, and Regions, Forecast up to 2022 The scope of the global Vietnam Citronella Oil market report is: This report offers a comprehensive evaluation of the Vietnam Citronella Oil market. It does so by in-depth qualitative insights, historical Vietnam Citronella Oil market data, and verifiable projections about global Vietnam Citronella Oil market size. The projections featured in the Vietnam