Aromatic Chemicals Market Share, Price, Trends, Growth, Analysis, Key Players, Outlook, Report, Forecast 2021-2026
The Aromatic Chemicals Market report will be driven by growing demand from Personal Care and Cosmetics industries during the forecast period 2021-2026
30 NORTH GLOUD STREET, SHERIDAN, WYOMING, USA, September 8, 2022 /EINPresswire.com/ — Expert Market Research’s new report titled “Global Aromatic Chemicals Market Report and Forecast 2021-2026′, gives an in-depth analysis of the global aroma chemicals market, assessing the market based on its segments such as aroma type, chemicals, application and major regions like America North, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
Forecast CAGR (2021-2026): 5.2%
The aroma chemicals market has witnessed substantial growth owing to factors such as the growing demand for natural flavors and fragrances. The industry is further supported by the growing personal care and cosmetics sector. Additionally, increased knowledge across different industries provides huge market opportunity for the key players in the aromatic chemicals market. With customers’ perception of hygiene, the demand for items such as fine fragrances, air fresheners, and toiletries is increasing, driving the global growth of the aroma chemicals industry.
In addition, the emerging trend of aromatherapy, along with the growing investments by major players in R&D, will provide additional impetus for the growth of the industry.
The industry is expected to grow further, thanks to rising disposable incomes and growing consumer preference for natural products. The industry is boosted by increasing manufacturing standards and the introduction of strict regulations by various government authorities around the world that promote the use of green fragrances.
With growing consumer preference for properly labeled products, manufacturers are focusing their efforts on certifying their products through fair trade labeling organizations. Technological advancements and new product launches are expected to contribute to the growth of the global aromatic chemicals market over the forecast period.
Industry definition and major segments
Aromatic chemicals, also known as odorants, are a class of molecules used to add flavor and fragrance to a variety of products. They are made from synthetic, natural and nature-identical materials. Manufacturers use this chemical to add flavor to baked goods, candies, beverages, and other items, as well as to scent cosmetics, toiletries, and cleaning products.
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On the basis of flavoring type, the industry is divided into:
On the basis of chemicals, the industry is divided into:
On the basis of application, the industry is divided into:
Soaps and Detergents
Cosmetics and toiletries
Regional markets for aromatic chemicals include:
Middle East and Africa
Geographically, due to increased consumer health awareness and demand for organic and natural products in the region, Europe is one of the major markets for the industry. Strict regulations governing the use of synthetic chemicals, as well as incentives for manufacturers to use green fragrances, are helping industry in the region.
Additionally, in developed countries such as the United States, increased legislation and improved industry standards aimed at preventing the use of potentially hazardous chemicals in the cosmetics sector are expected to provide the industry with a variety of opportunities to growth. During the forecast era, the growth of the industry is expected to be aided by the rising popularity of green or natural flavor chemicals over synthetic ones.
The growing demand for organic products is pushing manufacturers to produce products made from high-quality ingredients without synthetic additives, which is propelling the growth of this segment and, consequently, the industry as a whole.
Main market players
The major market players are ordas-SA, Emerald Kalama Chemical, Kao Chemicals Europe. SL, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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