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Natural Aroma Chemicals Market: By Product, By End User, and Geography
Natural Aroma Chemicals Market: By Product, By End User, and Geography
Natural Aroma Chemicals Market size was valued at US$ 6,728.1 million in 2023 and is poised to growat CAGR of 6.9% from 2024 to 2030. The natural aroma chemicals market is witnessing substantial growth over few years, primarily driven by the increasing consumer demand for natural and organic products in various industries as well as the rising awareness about the harmful effects of synthetic chemicals. The market growth is due to increase in consumption of flavours & fragrance products in the cosmetics, food & beverages industries. Aroma chemicals are observing an increase in demand due to the growing application in end-use industries such as dairy, cosmetics, fine fragrances, convenience foods, bakery foods, and confectionery. Moreover, the growth of the market is also driven by increasing demand for low calories drinks, growth in the beverages market, increasing demand for health and wellness foods, regulations, and the ban on the use of some synthetic flavours.
The appropriateness of natural flavours in broader applications, additional health benefits of certain natural flavours, and advanced technological are the main features driving the market growth. The key players in the natural aroma chemicals market are focusing on product innovation and expanding their product portfolios to satisfy the evolving consumer preferences. Furthermore, strategic collaborations and partnerships with raw material suppliers and fragrance manufacturers are estimated to drive market growth. The incorporation of advanced technologies such as molecular distillation, enzymatic conversion, and extraction methods to improve the production process and ensure the highest quality of natural aroma chemicals is the latest trend in the market. Furthermore, the high prevalence of obesity and growing demand for low-calorie food are likely to boost the demand for a variety of flavours, which is expected to drive the demand for aroma chemicals.
Study Period
2024-2030Base Year
2023CAGR
6.9%Largest Market
EuropeFastest Growing Market
Asia Pacific
The rising demand for natural fragrance compounds is the major development in the aroma chemical market which propels the market growth. An increase in interest in aroma compounds made from natural sources, such as essential oils, plant extracts, and biodegradable materials, has resulted in preference change owing to which the businesses invest in R&D to yield novel, sustainable fragrance compounds which drives the market growth. The other factors that are driving the natural fragrance chemicals market are increasing use of aroma products in cosmetics, and food & beverages industry. Modern technology and data analytics has made companies to produce perfumes tailored to each customer's preferences. Consumers increasingly seek typical and customized aromas, especially in the perfume sector. With the help of personalized perfumes made possible by AI-driven algorithms and consumer data, consumers may express their uniqueness through smell.
Based on regions, the market share is segmented into North America, Asia-Pacific, Europe, Latin America, and MEA. The Natural Aroma Chemicals Market in the Asia Pacific will dominate the revenue share due to the increased demand for fragrances and flavours in developing countries such as India. The Asian flavours and fragrances have gained high attractiveness in major regions such as North America and Europe. Pakistan, China, Taiwan, the Philippines, and South Korea have emerged as noticeable fragrance markets, whereas China, India, Australia, and Southeast Asian countries along with Indonesia, Vietnam, and Malaysia are the prominent food flavour markets in the region. In the North America aroma chemicals industry, the U.S. holds a significant revenue share which is expected to grow over the forecast period owing to the rising demand for aroma chemicals from the cosmetics & personal care industry.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 6,728.1 million |
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Market CAGR |
6.9% |
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By Product |
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By End User |
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By Region |
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The natural aroma chemicals is widely used as a masking ingredients and taste modulator which will capture a large share of the global natural aroma chemicals market for flavours industry.
The leading players in the natural aroma chemicals market are BASF, Solvay, Kao, Takasago, Bell Flavors and Fragrances, Sensient Technologies, Symrise, Vigon International, Givaudan, Robertet, T.Hasegawa, Treatt, Jiaxing Wintrust Flavours Co., Ltd., YingYang (China) Aroma Chemical Group, Silverline Chemicals Ltd, PFW Aroma Chemicals B.V.
Europe held the largest market share.
Historic years considered for the market study are 2019 to 2022, 2023 is considered as the base year for market estimation and the forecast presented from 2024 to 2030.
| 1.Executive Summary |
| 2.Global Natural Aroma Chemicals Market Introduction |
| 2.1.Global Natural Aroma Chemicals Market - Taxonomy |
| 2.2.Global Natural Aroma Chemicals Market - Definitions |
| 2.2.1. Product |
| 2.2.2.End User |
| 2.2.3.Region |
| 3.Global Natural Aroma Chemicals Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4.Global Natural Aroma Chemicals Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Natural Aroma Chemicals Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Acids |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Alcohols |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Aldehyde |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Esters |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Ketones |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Lactones |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Natural Specialties |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 5.8. Natural Vanillin |
| 5.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.8.3. Market Opportunity Analysis |
| 5.9. Natural Maltol |
| 5.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.9.3. Market Opportunity Analysis |
| 5.10. Natural Menthol |
| 5.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.10.3. Market Opportunity Analysis |
| 5.11. Other mint-derived pro |
| 5.11.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.11.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.11.3. Market Opportunity Analysis |
| 6.Global Natural Aroma Chemicals Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Bakery & Confectionery |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Cosmetics |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Beverages |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Dairy products |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Savory foods |
| 6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Personal and Household care |
| 6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 6.7. Pharmaceuticals and dietary supplements |
| 6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.7.3. Market Opportunity Analysis |
| 6.8. Others |
| 6.8.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.8.3. Market Opportunity Analysis |
| 6.9. |
| 6.9.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.9.3. Market Opportunity Analysis |
| 6.10. |
| 6.10.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.10.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.10.3. Market Opportunity Analysis |
| 7.Global Natural Aroma Chemicals Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 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, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 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 (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8.North America Natural Aroma Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Acids |
| 8.1.2.Alcohols |
| 8.1.3.Aldehyde |
| 8.1.4.Esters |
| 8.1.5.Ketones |
| 8.1.6.Lactones |
| 8.1.7.Natural Specialties |
| 8.1.8.Natural Vanillin |
| 8.1.9.Natural Maltol |
| 8.1.10.Natural Menthol |
| 8.1.11.Other mint-derived pro |
| 8.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Bakery & Confectionery |
| 8.2.2.Cosmetics |
| 8.2.3.Beverages |
| 8.2.4.Dairy products |
| 8.2.5.Savory foods |
| 8.2.6.Personal and Household care |
| 8.2.7.Pharmaceuticals and dietary supplements |
| 8.2.8.Others |
| 8.2.9. |
| 8.2.10. |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9.Europe Natural Aroma Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Acids |
| 9.1.2.Alcohols |
| 9.1.3.Aldehyde |
| 9.1.4.Esters |
| 9.1.5.Ketones |
| 9.1.6.Lactones |
| 9.1.7.Natural Specialties |
| 9.1.8.Natural Vanillin |
| 9.1.9.Natural Maltol |
| 9.1.10.Natural Menthol |
| 9.1.11.Other mint-derived pro |
| 9.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Bakery & Confectionery |
| 9.2.2.Cosmetics |
| 9.2.3.Beverages |
| 9.2.4.Dairy products |
| 9.2.5.Savory foods |
| 9.2.6.Personal and Household care |
| 9.2.7.Pharmaceuticals and dietary supplements |
| 9.2.8.Others |
| 9.2.9. |
| 9.2.10. |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 10.Asia Pacific (APAC) Natural Aroma Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Acids |
| 10.1.2.Alcohols |
| 10.1.3.Aldehyde |
| 10.1.4.Esters |
| 10.1.5.Ketones |
| 10.1.6.Lactones |
| 10.1.7.Natural Specialties |
| 10.1.8.Natural Vanillin |
| 10.1.9.Natural Maltol |
| 10.1.10.Natural Menthol |
| 10.1.11.Other mint-derived pro |
| 10.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Bakery & Confectionery |
| 10.2.2.Cosmetics |
| 10.2.3.Beverages |
| 10.2.4.Dairy products |
| 10.2.5.Savory foods |
| 10.2.6.Personal and Household care |
| 10.2.7.Pharmaceuticals and dietary supplements |
| 10.2.8.Others |
| 10.2.9. |
| 10.2.10. |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11.Middle East and Africa (MEA) Natural Aroma Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Acids |
| 11.1.2.Alcohols |
| 11.1.3.Aldehyde |
| 11.1.4.Esters |
| 11.1.5.Ketones |
| 11.1.6.Lactones |
| 11.1.7.Natural Specialties |
| 11.1.8.Natural Vanillin |
| 11.1.9.Natural Maltol |
| 11.1.10.Natural Menthol |
| 11.1.11.Other mint-derived pro |
| 11.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Bakery & Confectionery |
| 11.2.2.Cosmetics |
| 11.2.3.Beverages |
| 11.2.4.Dairy products |
| 11.2.5.Savory foods |
| 11.2.6.Personal and Household care |
| 11.2.7.Pharmaceuticals and dietary supplements |
| 11.2.8.Others |
| 11.2.9. |
| 11.2.10. |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12.Latin America Natural Aroma Chemicals Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Acids |
| 12.1.2.Alcohols |
| 12.1.3.Aldehyde |
| 12.1.4.Esters |
| 12.1.5.Ketones |
| 12.1.6.Lactones |
| 12.1.7.Natural Specialties |
| 12.1.8.Natural Vanillin |
| 12.1.9.Natural Maltol |
| 12.1.10.Natural Menthol |
| 12.1.11.Other mint-derived pro |
| 12.2. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Bakery & Confectionery |
| 12.2.2.Cosmetics |
| 12.2.3.Beverages |
| 12.2.4.Dairy products |
| 12.2.5.Savory foods |
| 12.2.6.Personal and Household care |
| 12.2.7.Pharmaceuticals and dietary supplements |
| 12.2.8.Others |
| 12.2.9. |
| 12.2.10. |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.BASF SE |
| 13.2.2.Robertet Group |
| 13.2.3.Mane |
| 13.2.4.Ennloys |
| 13.2.5.Natural Advantage |
| 13.2.6.Advanced Biotech |
| 13.2.7.Oamic Ingredients |
| 13.2.8.Elan Chemical Company |
| 13.2.9.Prinova Group LLC |
| 13.2.10.Vigon International, Inc |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.