November 30th, 2022
Aroma Chemicals Market accounted for US$ 4954.2 million in 2020 and is estimated to be US$ 7644.7 million by 2030 and is anticipated to register a CAGR of 4.50%. Aroma chemicals are chemical compounds that have an odour. Because their aim is to provide aroma or flavour, they are frequently highly volatile. Aroma compounds, along with essential oils, make up the foundation of flavour and fragrance formulations. Aroma chemicals, commonly known as perfumes and odourants, are used to create a composition that closely resembles natural scents. Natural fats and oils are utilised as raw materials to make aroma compounds, which are employed in a wide range of lifestyle goods.
The report " Global Aroma Chemicals Market, By Type (Synthetic and Natural), By Application (Food and Beverages, Cosmetics, and Personal and Household Care Products), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’
· In 2021, P2 Science, Inc. (P2), a green chemistry company, today announced the launch of the first product in the bioderived and patented CitroButter™ line of high-performance cosmetics butters. CitroButter S provides protection and hydration for the skin. In hair applications, CitroButter S provides a barrier to retain moisture and protect against heat, humidity and frizz for a healthier feel and look. Like other P2 products, CItroButter is built on P2’s proprietary green chemistry platform. As such, it is derived from upgraded forestry by-products from Forest Stewardship Council certified pine trees.
The rising variety of tailored aroma chemicals for targeted applications has been aided by technological innovation in the market for aroma chemical extraction and a surge in R&D activity among key industry participants. Manufacturers are also focused on backward integration to ensure continuous raw material supply and lower end product operational costs. These variables have had a significant impact on the product's demand. Because flavour is such an important factor in edible items, aroma compounds are employed to improve the taste of processed foods and beverages. Natural aroma compounds are growing in popularity because to rising demand for health and wellness goods, regulatory regulations, and a ban on the use of synthetic tastes. The market for aroma chemicals is being driven by the applicability of natural flavours in a larger range of applications, the additional health benefits of particular natural flavours, and enhanced technological innovation.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Aroma Chemicals Market, By Type (Synthetic and Natural), By Application (Food and Beverages, Cosmetics, and Personal and Household Care Products), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029”
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Key Market Insights from the report:
Global Aroma Chemicals Market accounted for US$ 4954.2 million in 2020 and is estimated to be US$ 7644.7 million by 2030 and is anticipated to register a CAGR of 4.50%. The global aroma chemicals market report segments the market on the basis of type, application, and region.
· Based on Type, Global Aroma Chemicals Market is segmented into Synthetic and Natural.
· Based on Application, Global Aroma Chemicals Market is segmented into Food and Beverages, Cosmetics, and Personal and Household Care Products.
· By Region, the Global Aroma Chemicals Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Aroma Chemicals Market:
Key players in the global aroma chemicals market includes, S H Kelkar and Company Ltd., Givaudan Flavor Corp., Kao Corporation, Symrise Inc., BASF SE., Takasago International Corporation, Agilex Flavors & Fragrances Inc., AromaTech Inc., Bell Flavors & Fragrances Inc., and Kalpsutra Chemicals Pvt Ltd.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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