- Vanillin
- Ethyl Vanillin
- Terpenes
- Ethyl Maltol
- Propylene glycol
- Furaneol
- Benzenoids
- Musk Chemicals
- Others
Aroma Chemicals Market size was valued at USD 5,200.5 million in 2022 and is expected to reach a value of USD 7,172.5 million by 2029, growing at a CAGR of 4.7% during the forecast period 2023 to 2029. The global market provides a detailed overview of the aroma chemicals market and that can be segmented by type and application. By type, the aroma chemicals market has been segmented into vanillin, ethyl vanillin, terpenes, ethyl maltol, propylene glycol, furaneol, benzenoids, musk chemicals, and others. The vanillin segment is likely to be the largest and fastest-growing segment in terms of technology. Based on application, the aroma chemicals market is segmented into soap and detergents, cosmetics and toiletries, fine fragrances, household products, food and beverage, and others. Among these, the fine fragrances segment is expected to have the fastest-growing market during the forecast period 2023-2029.
Aroma Chemicals Market Key Developments:
- In Jun 2020, BASF acquired Isobionics to build its own distillation factory to create new flavors and perfumes. The facility will be erected at the Brightlands Chemelot Campus in Geleen, Limburg, the Netherlands.
Aroma Chemicals Market Summary
Study Period
2024-2030
Base Year
2023
CAGR
4.7%
Largest Market
Asia Pacific
Fastest Growing Market
Asia-Pacific
Aroma Chemicals Market Dynamics
To comply with more stringent environmental restrictions, scent chemical manufacturers are focusing on developing natural items. Furthermore, as consumers grow more aware of the benefits of products, providers have been obligated to maintain high-quality standards by integrating themselves into production. As a result of increased demand for ready-to-eat food products, product development is likely to be assisted by advancements in production technology and an expanding food processing industry. Due to rising demand for unique flavors and scents in food goods such as pastries and cookies, as well as increased adoption of natural & fresh spices and fragrances in the food sector, the aroma chemicals market share is predicted to develop.
Asia Pacific Got Significant Share
Aroma Chemicals Market
Asia Pacific is the largest region in Aroma Chemicals Market.
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The aroma chemicals market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The aroma chemicals market report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
- The aroma chemicals market report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The aroma chemicals market report tracks recent innovations, key developments, and start-up details that are actively working in the market
- The aroma chemicals market report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Aroma Chemicals Market Segmentation
By Type
By Application
- Soap and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Household Products
- Food and Beverage
- Others
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The Aroma Chemicals Market is projected to expand at a CAGR of 4.7% during the forecast period
The major players in the global aroma chemicals market are Evolva Holding SA, Solvay SA, Brenntag, BASF SE, Bell Flavors & Fragnances, Kalpsutra Chemicals Pvt. Ltd, Kao Corporation, Givaudan, Aromatech and Fairchem Speciality Ltd.
Asia Pacific market is the fastest-growing region for Aroma Chemicals Market
| 1. Executive Summary |
| 2. Global Aroma Chemicals Market Introduction |
| 2.1. Global Aroma Chemicals Market Taxonomy |
| 2.2. Global Aroma Chemicals Market Definitions |
| 2.2.1. By Type |
| 2.2.2. By Application |
| 2.2.3. By Region |
| 3. Global Aroma Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Aroma Chemicals Market Dynamic Factors - Impact Analysis |
| 3.6. Global Aroma Chemicals Market Competition Landscape |
| 4. Global Aroma Chemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Aroma Chemicals Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Vanillin |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Ethyl Vanillin |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Terpenes |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Ethyl Maltol |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Propylene glycol |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Furaneol |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Benzenoids |
| 5.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Musk Chemicals |
| 5.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Others |
| 5.9.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.9.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 6. Global Aroma Chemicals Market, By Appication, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Soap and Detergents |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cosmetics and Toiletries |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Fine Fragrances |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Household Products |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Food and Beverage |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Aroma Chemicals Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Aroma Chemicals Market - Opportunity Analysis Index, By Type, Application, and Region, 2023 - 2029 |
| 8. North America Aroma Chemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Vanillin |
| 8.1.2. Ethyl Vanillin |
| 8.1.3. Terpenes |
| 8.1.4. Ethyl Maltol |
| 8.1.5. Propylene glycol |
| 8.1.6. Furaneol |
| 8.1.7. Benzenoids |
| 8.1.8. Musk Chemicals |
| 8.1.9. Others |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Soap and Detergents |
| 8.2.2. Cosmetics and Toiletries |
| 8.2.3. Fine Fragrances |
| 8.2.4. Household Products |
| 8.2.5. Food and Beverage |
| 8.2.6. Others |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Aroma Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
| 8.5. North America Aroma Chemicals Market Dynamics Trends |
| 9. Europe Aroma Chemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Vanillin |
| 9.1.2. Ethyl Vanillin |
| 9.1.3. Terpenes |
| 9.1.4. Ethyl Maltol |
| 9.1.5. Propylene glycol |
| 9.1.6. Furaneol |
| 9.1.7. Benzenoids |
| 9.1.8. Musk Chemicals |
| 9.1.9. Others |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Soap and Detergents |
| 9.2.2. Cosmetics and Toiletries |
| 9.2.3. Fine Fragrances |
| 9.2.4. Household Products |
| 9.2.5. Food and Beverage |
| 9.2.6. Others |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Aroma Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
| 9.5. Europe Aroma Chemicals Market Dynamics Trends |
| 10. Asia-Pacific Aroma Chemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Vanillin |
| 10.1.2. Ethyl Vanillin |
| 10.1.3. Terpenes |
| 10.1.4. Ethyl Maltol |
| 10.1.5. Propylene glycol |
| 10.1.6. Furaneol |
| 10.1.7. Benzenoids |
| 10.1.8. Musk Chemicals |
| 10.1.9. Others |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Soap and Detergents |
| 10.2.2. Cosmetics and Toiletries |
| 10.2.3. Fine Fragrances |
| 10.2.4. Household Products |
| 10.2.5. Food and Beverage |
| 10.2.6. Others |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Aroma Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Aroma Chemicals Market Dynamics Trends |
| 11. Latin America Aroma Chemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Vanillin |
| 11.1.2. Ethyl Vanillin |
| 11.1.3. Terpenes |
| 11.1.4. Ethyl Maltol |
| 11.1.5. Propylene glycol |
| 11.1.6. Furaneol |
| 11.1.7. Benzenoids |
| 11.1.8. Musk Chemicals |
| 11.1.9. Others |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Soap and Detergents |
| 11.2.2. Cosmetics and Toiletries |
| 11.2.3. Fine Fragrances |
| 11.2.4. Household Products |
| 11.2.5. Food and Beverage |
| 11.2.6. Others |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Aroma Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
| 11.5. Latin America Aroma Chemicals Market Dynamics Trends |
| 12. Middle East and Africa Aroma Chemicals Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Vanillin |
| 12.1.2. Ethyl Vanillin |
| 12.1.3. Terpenes |
| 12.1.4. Ethyl Maltol |
| 12.1.5. Propylene glycol |
| 12.1.6. Furaneol |
| 12.1.7. Benzenoids |
| 12.1.8. Musk Chemicals |
| 12.1.9. Others |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Soap and Detergents |
| 12.2.2. Cosmetics and Toiletries |
| 12.2.3. Fine Fragrances |
| 12.2.4. Household Products |
| 12.2.5. Food and Beverage |
| 12.2.6. Others |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Aroma Chemicals Market - Opportunity Analysis Index, By Type, Application, and Country, 2023 - 2029 |
| 12.5. MEA Aroma Chemicals Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Product Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Evolva Holding SA |
| 13.2.2. Solvay SA |
| 13.2.3. Brenntag |
| 13.2.4. BASF SE |
| 13.2.5. Bell Flavors & Fragnances |
| 13.2.6. Kalpsutra Chemicals Pvt. Ltd |
| 13.2.7. Kao Corporation |
| 13.2.8. Givaudan |
| 13.2.9. Aromatech |
| 13.2.10. Fairchem Speciality Ltd |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
- Evolva Holding SA
- Solvay SA
- Brenntag
- BASF SE
- Bell Flavors & Fragnances
- Kalpsutra Chemicals Pvt. Ltd
- Kao Corporation
- Givaudan
- Aromatech
- Fairchem Speciality Ltd