Aroma Chemicals Market Size, Share & Growth Analysis Report, 2030Posted by tushar on April 24th, 2024 Aroma Chemicals Market Growth & Trends The global aroma chemicals market size is expected to reach USD 7.72 billion by 2030, as per the new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 4.1% from 2022 to 2030. The growth is majorly driven by natural aroma chemicals in developed economies of North America and Europe. The aromatherapy industry has grown tremendously owing to the high diversity in consumer preferences for natural aromatic products such as essential oils, fragrances, and others for the treatment of several diseases. Changing lifestyles and its consequences such as depression and stress have resulted in a growing demand for aromatherapy directly fueling the growth in demand for aroma chemicals. The terpenes & terpenoids segment emerged as the largest chemical segment in 2021 owing to its increasing demand from the rubber as well as paints & coatings industry. Aroma chemicals are getting essential for the formulation of additives for health & personal care, food & beverage products, thus forming a stable market. Further, regarding the evolving consumer demands and overall industry scenario, the manufacturers are inclined towards formulating natural aroma chemicals offering flavors close to synthetic flavoring agents to gain a competitive edge in the industry. The key industry players are mostly integrated across the value chain from manufacturing to distribution to maintain the quality of raw materials. Owing to this, the key players are gaining a competitive advantage regarding cost benefits with increased profit margins. New market entrants are looking for opportunities to enter the global aroma chemicals market; wherein new entrants attempting to establish themselves have to contend with top multinationals, such as Takasago International Corporation, Symrise, Robertet, MANE, Firmenich SA, and Givaudan. Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/aroma-chemicals-market Aroma Chemicals Market Report Highlights
Aroma Chemicals Market Segmentation Grand View Research has segmented the global aroma chemicals market based on source, chemical, application, and region: Aroma Chemicals Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Aroma Chemicals Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Aroma Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
Aroma Chemicals Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
List of Key Players in Aroma Chemicals Market
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