According to a recent report from Reports and Data, the global market for aroma ingredients is anticipated to achieve a size of USD 4.85 billion by 2028 and exhibit a revenue CAGR of 6.4% throughout the forecast period. The market is expected to be driven by the rising demand for organic cosmetic products and the increasing use of natural aroma ingredients in food products. Aromatherapy is becoming more popular among younger generations due to the increasing prevalence of anxiety and insomnia disorders, which is also expected to contribute to market revenue growth. Essential oils are commonly used in personal care products to enhance fragrance and treat various skin ailments, which is expected to drive demand for aroma ingredients over the forecast period. Furthermore, the market is expected to grow due to the increasing research and development activities by aroma manufacturers for the development of new aroma ingredients. The growth of the Synthetic Aroma Ingredients Market is also being driven by various start-up companies that are introducing new cosmetic and personal care products with organic ingredients.
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Top Profiled Companies in the Global Synthetic Aroma Ingredients Market Report:
Robertet SA, MANE SA, Sensient Technologies Corporation, Symrise AG, Givaudan SA, Firmenich SA, T. Hasegawa co. Ltd., Takasago International Corporation, SH Kelkar and Company Ltd., and International Flavors Fragrances Inc.
Driving Growth of Synthetic Aroma Ingredients Market:
The Synthetic Aroma Ingredients Market is experiencing growth due to several factors. One key factor is the rising demand for organic cosmetic products, which is driving the use of natural aroma ingredients. Additionally, the use of aroma ingredients in food products is also increasing, further fueling market growth. Aromatherapy is becoming more popular among younger generations due to the prevalence of anxiety and insomnia disorders, which is also contributing to market revenue growth. The use of essential oils in personal care products to enhance fragrance and treat various skin conditions is also driving demand for aroma ingredients. The market is also benefiting from increasing research and development activities by aroma manufacturers for the development of new aroma ingredients. Moreover, the growth of the market is being propelled by various start-up companies that are introducing new cosmetic and personal care products with organic ingredients, thereby increasing the adoption of aroma ingredients.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
Ingredient Type Outlook (Revenue, USD Billion; 2018-2028)
- Synthetic Ingredient Type
- Natural Ingredient Type
Application Outlook (Revenue, USD Billion; 2018-2028)
- Cosmetics
- Personal And Home Care
- Perfumes And Fragrances
- Others
Chemical Outlook (Revenue, USD Billion; 2018-2028)
- Musk Chemicals
- Benzenoids
- Others
Key Takeaways of the Global Synthetic Aroma Ingredients Market Report:
- A comprehensive overview of the global Aroma Ingredients industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global Synthetic Aroma Ingredients Market.
- Elaborate study of the leading regional markets in the global Synthetic Aroma Ingredients Market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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