According to the latest market research study, the global aroma chemicals market is expected to grow at a CAGR of close to 5% during the forecast periodof 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global aroma chemicals market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
|
APPLICATION |
MARKET SHARE 2016 (%) |
|
Soaps and detergents |
32.30% |
|
Cosmetics and toiletries |
24.50% |
|
Fine fragrances |
20.40% |
|
Others |
22.80% |
Source: Technavio
Click here to request a free sample of this report
The top three revenue contributing application segments are discussed below
Global aroma chemicals market in soaps and detergents segment: Since most of the soap makers source the fragrances from other suppliers that manufacture fragrance ingredients, the vendor’s profit margins increases.
“Rising awareness regarding health and personal hygiene has augmented the use of aroma chemicals in soaps and detergents. Growth in the demand for premium soaps in emerging markets such as the Middle East and APAC has increased the consumption of aroma chemicals,” says Ajay Adhikhari, a lead analyst at Technavio for research on specialty chemicals.
Global aroma chemicals market in cosmetics and toiletries segment: The market for men’s grooming products is the fastest growing segment of the global cosmetics and toiletries market. The growth of the segment is due to the shift of manufacturing units to cost-effective countries in APAC and South America. Changing consumer preferences for herbal and natural cosmetic products have also compelled the manufacturers to introduce more organic and natural ingredients.
Global aroma chemicals market in fine fragrances segment: Factors such as the increasing interest of consumers for natural fragrant types, rising environmental concerns, and carcinogenic nature of synthetic fragrance ingredients have fueled the use of organic and natural ingredients for manufacturing fine fragrance products. Europe is the largest market for aroma chemicals due to its well-established perfume market.
Ask an analyst to know more about this report
The top vendors operating in the global aroma chemicals market are:
- S H Kelkar And Company
- Givaudan
- Kao Corporation
- Symrise
- Takasago International Corporation
The other prominent vendors in the market include Agilex Flavors & Fragrances, AromaTech International, BASF, Bell Flavors & Fragrances, China Flavors & Fragrances, CPL Aromas, Eternis, Firmenich, Hindustan Mint and Agro Products, ICC Industries, International Flavors & Fragrances, Kalpsutra Chemicals, Robertet, Silverline Chemicals, Solvay, T. Hasegawa, V. MANE FILS SA, Veera Fragrances, and Wangxiang International.
A more detailed analysis is available in the Technavio report titled, ‘Global Aroma Chemicals Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Flavors and Fragrances Market 2016-2020
- Global Cosmetic Packaging Market 2016-2020
- Global Perfumes and Fragrances Market 2015-2019
To read more press releases – click here
For any assistance or query, please contact our media team at:
media@technavio.com
US: +1 630 333 9501
UK: +44 208 123 1770
https://www.technavio.com/
