Aroma Ingredients Market Share and Industry Analysis by 2028

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)

  • Report Code : TIPRE00018669
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 149
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Aroma Ingredients Market Share and Industry Analysis by 2028

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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 complex compounds that are added to cosmetics and personal care as well as home care and other products to impart desired fragrance. The aroma ingredients can be natural or synthetic. The aroma ingredients include essential oils, attar, isolates, oleoresins, absolutes, aroma chemicals, and special aroma ingredients among others. The transitioning personal care and cosmetics industry has provided numerous new growth opportunities for the aroma ingredients market and is expected to drive the market over forecast period.

In 2020, Asia Pacific dominated the global aroma ingredients market and is expected to retain its dominance during the forecast period. In recent years there has been an increased consciousness regarding personal appearance among individuals in the Asia Pacific region which has led to increasing demand for cosmetic products resulting in the growth of the cosmetic market in the region. The desire for a presentable personal image among Asian consumers has led to an increased awareness of personal hygiene habits. The consumer’s growing concern about their health and hygiene has led to an increased demand for personal care, cosmetics as well as cleaning, and sanitization products providing fragrance or aroma, in turn, leading to increased demand for aroma ingredients. Moreover, Asia-Pacific consists of countries such as India and China that have turned into manufacturing hubs for numerous end-use markets that utilize aroma ingredients. The growing population in developing countries of Asia-Pacific along with the rising disposable income have led to increased demand for personal care and cosmetic products. The demand has led to higher domestic production of personal care products resulting in increased consumption of aroma ingredients in the region.

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Aroma Ingredients Market: Strategic Insights

aroma-ingredient-market
Market Size Value inUS$ 5376.90 Million in 2021
Market Size Value byUS$ 7692.62 Million by 2028
Growth rateCAGR of 5.2% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Market Insights

Various Application of the Aroma Ingredient

The increased usage of aroma ingredients in various applications such as air care, fine fragrance and perfumes, household products, food and beverage, and pharmaceutical is leading to an increased demand for aroma ingredients. Fine fragrances include major application fields, such as perfumes, colognes, body mists, and deodorants. Aroma ingredients are one of the essential elements used in formulations of fine fragrances. Along with this, aroma ingredients are being used in household products such as cleaners, hand and dishwashing liquids, laundry care and fabric softeners, wipes, and aqueous dyes. Thus, an increased application of aroma ingredients will drive the growth of the aroma ingredient market.

Product Type Insights

Based on product type, the aroma ingredients market is segmented into natural and synthetic. In 2020, the natural segment was the fastest-growing segment in the aroma ingredient market. The increase in the health concerns related to synthetic chemicals has led to increased demand for natural aroma ingredients from the consumers. However, the synthetic aroma ingredients are comparatively easier to produce on a large scale while maintaining the same quality throughout all the batches. The consistent quality of synthetic ingredients has therefore resulted in larger market share due to expansive use especially in fast moving consumer goods industry.

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 key players operating in the aroma ingredients market. The leading players adopt several strategies, such as mergers & acquisitions and product launches, to expand their geographic presence and consumer base.  

Aroma Ingredients Market Report Scope

 

Report Spotlights

  • Progressive trends in the aroma ingredients industry to help players develop effective long-term strategies
  • Business growth strategies adopted by companies to secure growth in developed and developing markets
  • Quantitative analysis of the global aroma ingredients market from 2019 to 2028
  • Estimation of the demand for aroma ingredients across various industries
  • Porters analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
  • Recent developments to understand the competitive market scenario and the demand for the aroma ingredients  
  • Market trends and outlook coupled with factors driving and restraining the growth of the aroma ingredients market
  • Understanding regarding the strategies that underpin commercial interest with regard to the global aroma ingredients market growth, aiding in the decision-making process
  • Aroma ingredients market size at various nodes of market
  • Detailed overview and segmentation of the global aroma ingredients market as well as its industry dynamics
  • Aroma Ingredients market size in various regions with promising growth opportunities

The "Global Aroma Ingredients Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global aroma ingredients market trend analysis. The report aims to provide an overview of the market with detailed market segmentation. The aroma ingredients market is segmented on the basis of product type, application, and geography. Based on product type, the market is segmented into natural and synthetic. Based on application, the market is segmented into air care, cleaning and sanitization, personal care and cosmetics, fine fragrances and perfumes, and others. Based on geography, the market is segmented into five main regions—North America, Europe, Asia Pacific, the Middle East and Africa, and South and Central America.

Company Profiles

  • Takasago International Corporation
  • BASF SE
  • Firmenich S.A.
  • Givaudan S.A.
  • International Flavors & Fragrances Inc.
  • Robertet Group
  • Symrise
  • Mane
  • Zhejiang NHU Co., Ltd.
  • Phoenix Aromas & Essential Oils, LLC.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions

What is the key driver for the growth of the global aroma ingredient market?

Aroma ingredients are extensively used to create a wide range of fragrances. Increased healthcare awareness and disposable income have increased demand for consumer goods such as soaps, hand wash, sanitizers, detergents and toiletries. Although, the expansion of the personal care and household care industries significantly contributes to the growth of the aroma ingredient market. Manufacturers focus on increasing natural ingredients for the flavor and fragrance industry to ensure the sustainable sourcing of raw materials.

Which product type segment accounted for the fastest growth in the global aroma ingredient market?

In 2020, the natural segment accounted for the fastest-growing segment. Natural aroma ingredients are extracted from natural sources, including wood, spices, flowers, and fruits. The rising awareness of the negative effects of synthetic ingredients on human health has increased the demand for natural and bio-based aroma ingredients.

Which application segment is the fastest growing in the global aroma ingredient market?

Based on application, personal care and cosmetics are the fastest-growing segments. Aroma ingredients are extensively used in manufacturing personal care and cosmetics products. Continuous technological developments in the personal care and cosmetics sectors and innovations and research and development expenditures are expected to propel the growth of the aroma ingredient market.

Which product type segment accounted for the largest share in the global aroma ingredient market?

In 2020, the synthetic segment accounted for the largest market share. Synthetic aroma ingredients can reproduce a natural and robust scent without compromising the fragrance to manufacture quality fragrance. It has strong demand in manufacturing soaps, shampoos, body lotions, hair conditioners, and other cosmetic and personal care products.

Can you list some of the major players operating in the global aroma ingredient market?

The major players operating in the global metakaolin market are 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.

In 2020, which region held the largest share of the global aroma ingredient market?

In 2020, Asia Pacific accounted for the largest share of the global aroma ingredient market. The aroma ingredient industry is anticipated to expand faster due to increasing awareness of personal care and hygiene.

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

LIST OF FIGURES

Figure 1. Global Aroma Ingredients Market Segmentation

Figure 2. Aroma Ingredients Market Segmentation – By Geography

Figure 3. Global Aroma Ingredients Market Overview

Figure 4. Aroma Ingredients Market, By Product Type

Figure 5. Aroma Ingredients Market, By Geography

Figure 6. Global Aroma Ingredients Market, Industry Landscape

Figure 7. Porter's Five Forces Analysis

Figure 8. Expert Opinion

Figure 9. Aroma Ingredients Market – Ecosystem Analysis

Figure 10. Aroma Ingredients Market Impact Analysis of Drivers and Restraints

Figure 11. Geographic Overview of Aroma Ingredients Market

Figure 12. Global: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13. Aroma Ingredients Market Revenue Share, By Product Type (2020 and 2028)

Figure 14. Synthetic: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 15. Natural: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 16. Aroma Ingredients Market Revenue Share, By Application (2020 and 2028)

Figure 17. Air Care: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 18. Cleaning and Sanitization: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 19. Personal Care and Cosmetics: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 20. Fine Fragrances and Perfumes: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 21. Others: Aroma Ingredients Market – Revenue and Forecast To 2028 (US$ Million)

Figure 22. Global Aroma Ingredients Market Revenue Share, by Region (2020 and 2028)

Figure 23. North America: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. North America: Aroma Ingredients Market Revenue Share, by Product Type (2020 and 2028)

Figure 25. North America: Aroma Ingredients Market Revenue Share, by Application (2020 and 2028)

Figure 26. North America: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)

Figure 27. US: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 28. Canada: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 29. Mexico: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 30. Europe: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Europe: Aroma Ingredients Market Revenue Share, by Product Type (2020 and 2028)

Figure 32. Europe: Aroma Ingredients Market Revenue Share, by Application (2020 and 2028)

Figure 33. Europe: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)

Figure 34. Germany: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 35. France: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 36. Italy: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 37. UK: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38. Russia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 39. Rest of Europe: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40. Asia Pacific: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 41. Asia Pacific: Aroma Ingredients Market Revenue Share, by Product Type (2020 and 2028)

Figure 42. Asia Pacific: Aroma Ingredients Market Revenue Share, by Application (2020 and 2028)

Figure 43. Asia Pacific: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)

Figure 44. Australia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 45. China: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 46. India: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 47. Japan: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 48. South Korea: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 49. Rest of Asia Pacific: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 50. Middle East and Africa: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. Middle East and Africa: Aroma Ingredients Market Revenue Share, by Product Type (2020 and 2028)

Figure 52. Middle East and Africa: Aroma Ingredients Market Revenue Share, by Application (2020 and 2028)

Figure 53. Middle East and Africa: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)

Figure 54. South Africa: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 55. Saudi Arabia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 56. UAE: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 57. Rest of MEA: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 58. South and Central America: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)

Figure 59. South and Central America: Aroma Ingredients Market Revenue Share, by Product Type (2020 and 2028)

Figure 60. South and Central America: Aroma Ingredients Market Revenue Share, by Application (2020 and 2028)

Figure 61. South and Central America: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)

Figure 62. Brazil: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 63. Argentina: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 64. Rest of South and Central America: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)

Figure 65. Impact of COVID-19 Pandemic on Aroma Ingredients Market in North America

Figure 66. Impact of COVID-19 Pandemic on Aroma Ingredients Market in Europe

Figure 67. Impact of COVID-19 Pandemic on Aroma Ingredients Market in Asia Pacific

Figure 68. Impact of COVID-19 Pandemic on Aroma Ingredients in Middle East and Africa

Figure 69. Impact of COVID-19 Pandemic on Aroma Ingredients in South and Central America

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.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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