Global Aroma Chemicals Market Demand & Forecast Analysis, 2016-2032

Executive Summary : - 

Aroma whether flavours or fragrance, in Soaps & Detergents, Cosmetics, Toiletries, Household products and other consumer goods form an integral part in daily use. The major aroma chemicals include Terpenes, Benzenoids, Musk Chemicals amongst others. Terpenes account for largest share of all aroma chemicals. It is produced from conifer plants and forms the primary constituent of essential oil and extracts of medicinal plant. The natural oil market is dominated by North America and the Western European region. Benzenoids accounting for the largest share are used for fragrance and also to provide flavour. Many of the aroma chemicals like terpenes can also be produced synthetically and in comparison to the natural product chemistries, it accounts for a very large share. This is relatively stable and economical whereas the natural aroma chemicals are dependent of environment and climatic conditions and any change in this can impact the demand-supply and pricing.

According to Prismane Consulting, Asia-Pacific owing to the South-East Asian region is estimated to grow at a faster rate in comparison to other regions. In the long-term forecast till 2025, the aroma chemicals market is expected to grow at annual average of 4.5% owing to rapid industrialization and urbanization along with increase in purchasing power and improved standard of living to afford flavoured, scented consumer goods and personal care products.