Aroma Ingredients Market Forecast to 2028

Report Code : TIPRE00018669 | Region : Global | Industry : Chemicals and Materials | Published Date : 28/Feb/2022
Aroma Ingredients Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type (Synthetic and Natural) and Application (Air Care, Cleaning and Sanitization, Personal Care and Cosmetics, Fine Fragrances and Perfumes, and Others)

The aroma ingredients market was valued at US$ 5376.90 million in 2021 and is projected to reach US$ 7692.62 million by 2028; it is expected to grow at a CAGR of 5.2% from 2021 to 2028.

Aroma ingredients are basically isolates of naturally sourced ingredients or chemically produced and are used as ingredients to add aromas or fragrance to various cosmetic and personal care products.

Based on product type, the global aroma ingredients market is segmented into natural and synthetic. In 2020, the synthetic segment led the aroma ingredient market. Synthetic aroma ingredients are long-lasting and complex aroma ingredients that are formulated to imitate the aromas found in nature. They are produced at a very low-cost using petroleum and aromatic compound.

The aroma ingredients market, based on geography, is segmented into North America, Europe, Asia Pacific (APAC), South and Central America (SCAM), and the Middle East and Africa (MEA). In 2020, Asia-Pacific dominated the market. The changing lifestyle of consumers and rising urbanization propelled the demand for personal care and cosmetic products which has led to an increased demand for aroma ingredients. Along with this, the increased application of aroma ingredients in the fine fragrance as well as the food and beverage industry across the region is driving the demand for aroma ingredients.

Many industries, such as the chemicals and materials industry, faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw material and labor, the shutdown of factories, and other operational difficulties under COVID-19 safety protocols negatively impacted the aroma ingredients market. The lockdown heavily impacted the supply and the production side of aroma ingredients, restraining the growth of the market. However, the introduction of the COVID-19 vaccine has further eased the situation leading to a rise in business activities worldwide. The economies are reviving their operations, and the demand for aroma ingredients is expected to rise globally in the coming years. Key manufacturers have started resuming their operations, restoring back the production capacity of aroma ingredients.

Takasago International Corporation; BASF SE; Firmenich S.A.; Givaudan S.A.; International Flavors & Fragrances Inc.; Robertet Group; Symrise; Mane; Zhejiang NHU Co., Ltd.; and Phoenix Aromas & Essential Oils, LLC; are among the leading players in the aroma ingredients market. These companies are adopting strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer bases.

The overall global aroma ingredients market size has been derived in accordance with both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the global aroma ingredients market.

The List of Companies - Aroma Ingredient Market

1. Takasago International Corporation

2. BASF SE

3. Firmenich S.A.

4. Givaudan S.A.

5. International Flavors & Fragrances Inc.

6. Robertet Group

7. Symrise

8. Mane

9. Zhejiang NHU Co., Ltd.

10. Phoenix Aromas & Essential Oils, LLC.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.2 Research Methodology

3.2.1 Data Collection

3.2.2 Primary Interviews

3.2.3 Hypothesis Formulation

3.2.4 Macro-economic Factor Analysis

3.2.5 Developing Base Number

3.2.6 Data Triangulation

3.2.7 Country Level Data

4. Global Aroma Ingredients Market Landscape

4.1 Market Overview

4.2 Porter's Five Force Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Suppliers

4.2.3 Bargaining Power of Buyers

4.2.4 Competitive Rivalry

4.2.5 Threat of Substitutes

4.3 Expert Opinion

4.4 Ecosystem Analysis

5. Aroma Ingredients Market — Key Market Dynamics

5.1 Market Drivers

5.1.1 Increased Demand from Personal Care and Cosmetic Industry

5.1.2 Wide-Range Applications of Aroma Ingredients

5.2 Market Restraints

5.2.1 Stringent Regulations on Synthetic Aroma Ingredients

5.3 Market Opportunities

5.3.1 Expansion of Pharmaceuticals Industry

5.4 Future Trends

5.4.1 Innovations in Raw Materials and Production Processes

5.5 Impact Analysis of Drivers and Restraint

6. Aroma Ingredients – Global Market Analysis

6.1 Aroma Ingredients Market Overview

6.2 Aroma Ingredients Market –Revenue and Forecast to 2028

6.3 Competitive Positioning – Key Market Players

7. Aroma Ingredients Market Analysis – By Product Type

7.1 Overview

7.2 Aroma Ingredients Market, By Product Type (2020 and 2028)

7.3 Synthetic:

7.3.1 Overview

7.3.2 Synthetic: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Natural:

7.4.1 Overview

7.4.2 Natural: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

8. Aroma Ingredients Market Analysis – By Application

8.1 Overview

8.2 Aroma Ingredients Market, By Application (2020 and 2028)

8.3 Air Care:

8.3.1 Overview

8.3.2 Air Care: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Cleaning and Sanitization:

8.4.1 Overview

8.4.2 Cleaning and Sanitization: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Personal Care and Cosmetics:

8.5.1 Overview

8.5.2 Personal Care and Cosmetics: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Fine Fragrances and Perfumes

8.6.1 Overview

8.6.2 Fine Fragrances and Perfumes: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

8.7 Others

8.7.1 Overview

8.7.2 Others: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

9. Aroma Ingredients Market – Geographic Analysis

9.1 Overview

9.2 North America: Aroma Ingredients Market

9.2.1 North America: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.2.2 North America: Aroma Ingredients Market, by Product Type

9.2.3 North America: Aroma Ingredients Market, by Application

9.2.4 North America: Aroma Ingredients Market, by Key Country

9.2.4.1 US: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.1.1 US: Aroma Ingredients Market, by Product Type

9.2.4.1.2 US: Aroma Ingredients Market, by Application

9.2.4.2 Canada: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.2.1 Canada: Aroma Ingredients Market, by Product Type

9.2.4.2.2 Canada: Aroma Ingredients Market, by Application

9.2.4.3 Mexico: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.2.4.3.1 Mexico: Aroma Ingredients Market, by Product Type

9.2.4.3.2 Mexico: Aroma Ingredients Market, by Application

9.3 Europe: Aroma Ingredients Market

9.3.1 Europe: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.2 Europe: Aroma Ingredients Market, by Product Type

9.3.3 Europe: Aroma Ingredients Market, by Application

9.3.4 Europe: Aroma Ingredients Market, by Key Country

9.3.4.1 Germany: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.1.1 Germany: Aroma Ingredients Market, by Product Type

9.3.4.1.2 Germany: Aroma Ingredients Market, by Application

9.3.4.2 France: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.2.1 France: Aroma Ingredients Market, by Product Type

9.3.4.2.2 France: Aroma Ingredients Market, by Application

9.3.4.3 Italy: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.3.1 Italy: Aroma Ingredients Market, by Product Type

9.3.4.3.2 Italy: Aroma Ingredients Market, by Application

9.3.4.4 UK: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.4.1 UK: Aroma Ingredients Market, by Product Type

9.3.4.4.2 UK: Aroma Ingredients Market, by Application

9.3.4.5 Russia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.5.1 Russia: Aroma Ingredients Market, by Product Type

9.3.4.5.2 Russia: Aroma Ingredients Market, by Application

9.3.4.6 Rest of Europe: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.3.4.6.1 Rest of Europe: Aroma Ingredients Market, by Product Type

9.3.4.6.2 Rest of Europe: Aroma Ingredients Market, by Application

9.4 Asia Pacific: Aroma Ingredients Market

9.4.1 Asia Pacific: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.2 Asia Pacific: Aroma Ingredients Market, by Product Type

9.4.3 Asia Pacific: Aroma Ingredients Market, by Application

9.4.4 Asia Pacific: Aroma Ingredients Market, by Key Country

9.4.4.1 Australia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.1.1 Australia: Aroma Ingredients Market, by Product Type

9.4.4.1.2 Australia: Aroma Ingredients Market, by Application

9.4.4.2 China: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.2.1 China: Aroma Ingredients Market, by Product Type

9.4.4.2.2 China: Aroma Ingredients Market, by Application

9.4.4.3 India: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.3.1 India: Aroma Ingredients Market, by Product Type

9.4.4.3.2 India: Aroma Ingredients Market, by Application

9.4.4.4 Japan: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.4.1 Japan: Aroma Ingredients Market, by Product Type

9.4.4.4.2 Japan: Aroma Ingredients Market, by Application

9.4.4.5 South Korea: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.5.1 South Korea: Aroma Ingredients Market, by Product Type

9.4.4.5.2 South Korea: Aroma Ingredients Market, by Application

9.4.4.6 Rest of Asia Pacific: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.4.4.6.1 Rest of Asia Pacific: Aroma Ingredients Market, by Product Type

9.4.4.6.2 Rest of Asia Pacific: Aroma Ingredients Market, by Application

9.5 Middle East and Africa: Aroma Ingredients Market

9.5.1 Middle East and Africa: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.5.2 Middle East and Africa: Aroma Ingredients Market, by Product Type

9.5.3 Middle East and Africa: Aroma Ingredients Market, by Application

9.5.4 Middle East and Africa: Aroma Ingredients Market, by Key Country

9.5.4.1 South Africa: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.1.1 South Africa: Aroma Ingredients Market, by Product Type

9.5.4.1.2 South Africa: Aroma Ingredients Market, by Application

9.5.4.2 Saudi Arabia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.2.1 Saudi Arabia: Aroma Ingredients Market, by Product Type

9.5.4.2.2 Saudi Arabia: Aroma Ingredients Market, by Application

9.5.4.3 UAE: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.3.1 UAE: Aroma Ingredients Market, by Product Type

9.5.4.3.2 UAE: Aroma Ingredients Market, by Application

9.5.4.4 Rest of MEA: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.5.4.4.1 Rest of MEA: Aroma Ingredients Market, by Product Type

9.5.4.4.2 Rest of MEA: Aroma Ingredients Market, by Application

9.6 South and Central America: Aroma Ingredients Market

9.6.1 South and Central America: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.6.2 South and Central America: Aroma Ingredients Market, by Product Type

9.6.3 South and Central America: Aroma Ingredients Market, by Application

9.6.4 South and Central America: Aroma Ingredients Market, by Key Country

9.6.4.1 Brazil: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.1.1 Brazil: Aroma Ingredients Market, by Product Type

9.6.4.1.2 Brazil: Aroma Ingredients Market, by Application

9.6.4.2 Argentina: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.2.1 Argentina: Aroma Ingredients Market, by Product Type

9.6.4.2.2 Argentina: Aroma Ingredients Market, by Application

9.6.4.3 Rest of South and Central America: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

9.6.4.3.1 Rest of South and Central America: Aroma Ingredients Market, by Product Type

9.6.4.3.2 Rest of South and Central America: Aroma Ingredients Market, by Application

10. Impact of COVID-19

10.1 Overview – Impact of COVID-19

10.2 North America: Impact Assessment of COVID-19 Pandemic

10.3 Europe: Impact Assessment of COVID-19 Pandemic

10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic

10.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

10.6 South and Central America: Impact Assessment of COVID-19 Pandemic

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 New Product Development

11.4 Merger and Acquisition

12. Company Profiles

12.1 Takasago International Corporation

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 BASF SE

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 FIRMENICH SA

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Givaudan

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 International Flavors & Fragrances Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 Robertet Group

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Symrise

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 MANE

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Zhejiang NHU Co., Ltd.

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Phoenix Aromas & Essential Oils, LLC

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1. Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Table 2. North America Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 3. North America Aroma Ingredients Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 4. US Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 5. US Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 6. Canada: Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 7. Canada Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 8. Mexico Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. Mexico Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 10. Europe Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 11. Europe Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Germany Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Germany Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 14. France Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 15. France Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 16. Italy Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. Italy Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. UK Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 19. UK Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 20. Russia: Aroma Ingredients Market, by Product Type– Revenue and Forecast to 2028 (US$ Million)

Table 21. Russia: Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 22. Rest of Europe Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (US$ Million)

Table 23. Rest of Europe Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 24. Asia Pacific Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 25. Asia Pacific Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 26. Australia Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 27. Australia Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 28. China Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 29. China Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 30. India Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 31. India Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 32. Japan Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 33. Japan Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 34. South Korea Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 35. South Korea Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 36. Rest of Asia Pacific Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 37. Rest of Asia Pacific Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 38. Middle East and Africa Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 39. Middle East and Africa Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 40. South Africa Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 41. South Africa Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 42. Saudi Arabia Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 43. Saudi Arabia Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 44. UAE Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 45. UAE Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 46. Rest of MEA Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 47. Rest of MEA Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 48. South and Central America Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 49. South and Central America Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 50. Brazil Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 51. Brazil Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 52. Argentina Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 53. Argentina Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 54. Rest of South and Central America Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)

Table 55. Rest of South and Central America Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)

Table 56. List of Abbreviation

The List of Companies - Aroma Ingredient Market

1. Takasago International Corporation

2. BASF SE

3. Firmenich S.A.

4. Givaudan S.A.

5. International Flavors & Fragrances Inc.

6. Robertet Group

7. Symrise

8. Mane

9. Zhejiang NHU Co., Ltd.

10. Phoenix Aromas & Essential Oils, LLC.

Reason To Buy

• Highlights key business priorities in order to assist companies to realign their business strategies.

• The key findings and recommendations highlight crucial progressive industry trends in the global aroma ingredients market, thereby allowing players to develop effective long-term strategies.

• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

• Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to application.

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