Natural Aroma Chemicals Market: By Product (Acids, Alcohols, Aldehyde, Esters, Ketones, Lactones, Natural Specialties, Natural Vanillin, Natural Maltol, Natural Menthol, and Other Mints Derived products), By End User (Bakery and Confectionery, Cosmetics, Beverages, Dairy Products, Savory Foods, Personal and Household care, Pharmaceuticals & Dietary Supplements, and Others), and Geography        

Natural Aroma Chemicals Market size was valued at USD 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.

Natural Aroma Chemicals Market Recent Key developments:

• In June 2022 BASF introduced virtual aroma assistants, a new digital platform designed to make it simple for customers in the Flavour and fragrance sector to navigate BASF's Aroma Ingredients portfolio at the World Perfumery Congress 2022 in Miami.
• In July 2021 P2 Science, Inc. a green chemistry firm introduced herbenone a new herbal scent chemical. All types of personal care and cosmetics products can benefit from the product's addition of fresh basil, a hint of jasmine, and herbal and anise notes.