Global Aroma Ingredients Market Analysis, 2013-2023
発行: Market Krystal
ページ情報: 英文 120-150 Pages
Aroma Ingredient is a sweet-smelling substance that is obtained through a combination of natural and artificial ingredients. Some commonly used aroma ingredients include lemongrass, hops, lavender, citrus, rose, and other extracts. Other aroma compounds include furaneol to give a strawberry like smell, hexanol to give a woody smell and menthol to give a peppermint like smell.
The report on the global aroma ingredients market shows the inside information of the existing market conditions by holding over more than 280 hours of meticulous primary and secondary research. In accordance to the report, the global aroma ingredients market is ever increasing its sphere of influence and growing popular. This global market is valued at US $ xxx billion in 2018 which is expected to reach a massive US $ xxx billion dollars by the end of 2023 growing at a CAGR of xx%.
The aroma ingredients are mainly utilized in the self care market. They play a major role in the production of soaps, detergents, and shampoos. They are also incorporated in perfumes, deodorants, and colognes to give a good long-lasting smell. Essential oils also use the aroma ingredient to give a wonderful smell. The other applications of the aroma ingredient include sage candles and car fresheners.
There are various factors that make the aroma ingredient market popular. One of the major factors includes cosmetics. In the cosmetic industry, it is used to provide the customer with a sweet smell which they will be attracted to. So, that they buy their desired soaps, detergents, shampoos, perfumes, deodorants and colognes. Some also incorporate this smell in sage candles and car fresheners. The usage in chemical industries is also driving the growth of the aroma ingredient market.
The only factor that impedes the growth of the market is the harsh nature of chemicals. Sometimes, certain chemicals used in the product do not suit the customers which causes rashes and other allergies to the customer. These factors can prevent the customers from buying the products which would impede the growth of the industry.
The aroma ingredient is produced vastly through Europe, Latin America, and the Asia Pacific. Other regions that produce the ingredient include North America, the Middle East, and Africa. However, in the upcoming years, the industry is expected to grow the most in Europe followed by Latin America and the Asia Pacific.
The key players in the industry include BASF SE, Mane SA, Frutarom Industries Ltd, and Symrise AG. Other companies that play a crucial role include Hindustan Mint and Agro Pvt. Ltd, International Flavors, and Fragrances Incorporation and Givuadan SA.
Market Krystal's research method includes the division of various global aroma ingredients market segments, identification of the growth determinants of every market segment and market forecasts. All the market forecasts are done based on the insights given by the business leaders in the aroma ingredients industry value chain. Market Krystal conducted over 35 interviews for this research, the details of the same are mentioned below: