Aroma Chemicals Market Report, Industry Overview, Growth Rate and Forecast 2024

1. Global Aroma Chemicals Market Research Report and Forecast 2024 Report Edition: 2019 Copyright © IMARC Service Pvt Ltd. All Rights Reserved © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value challenges, and transform their businesses. opportunities, address their most critical IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Aroma Chemicals Market Overview: According to the latest report by IMARC Group, titled “Aroma Chemicals Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global aroma chemicals market exhibited stable growth in 2018. Aroma chemicals are defined as active odor chemicals that can occur naturally or be produced as – synthesized or isolated compounds. These act as an essential raw material in the formulation of unique perfumes and flavors. The flavors produced with aroma chemicals are further used for manufacturing baked goods, candies, and alcoholic and non-alcoholic beverages. These compounds can range from extremely strong to very light and soft notes. Aroma chemicals activate specific receptors in the nose, which, in turn, alerts the brain about the presence of an aroma. When a set of aroma chemicals triggers several receptors, it leads to the detection of a complex aroma. Flavor chemists, or flavorists, use this phenomenon as the basic principle for creating a complex odor in a flavor that uses a limited number of aroma chemicals. Global Aroma Chemicals Market Trends A significant rise in the demand for fragrant intensifiers and odorants in the recent years is one of the key factors driving the market growth.

4. Report Description and Highlights Report Description 186.5 181.2 120.2125.5130.8136.1141.4146.7152.0157.3 175.9 170.6 160 180 165.3 160.0 160 140 140 120 In Million US$ in Million US$ 120 100 100 80 80 60 60 40 40 20 20 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 The emerging trend of aromatherapy and enhanced focus on R&D in the field of biochemical sciences are some of the other factors contributing to the market growth. On account of these factors, the market is projected to grow at a moderate CAGR of around 5% during 2019-2024. Request for a free sample report: https://www.imarcgroup.com/aroma-chemicals- market/requestsample

5. Report Description and Highlights Report Description Besides this, with intense competition in the industry, key players are currently adopting highly profitable strategies, such as innovative product development, smart pricing and product differentiation, along with extensive R&D activities. They have also been establishing partnerships with other businesses, which is leading to market consolidation while reducing the overall competition in the aroma chemicals industry. Owing to this, new companies are being attracted to invest in the market, thus driving market growth. Moreover, recent studies suggest some of the aromatic chemicals in the formulation of perfumes exhibited either endocrine-disrupting properties or allergic reactions in the users. Due to such results, manufacturers have started utilizing natural aroma chemicals during the composition of perfumes. Several authoritative bodies across the globe are also implementing strict regulations in favor of green fragrances. For instance, the new rules introduced by the European Union (EU) require producers to indicate if the perfume contains any of the potential fragrance allergens. Along with this, the US Food and Drug Administration (USFDA) recently launched a survey of safety practices and manufacturing standards, which targets the cosmetics industry and aims at preventing the utilization of any potentially harmful chemicals. Market Segmentation by Type • • Natural Synthetic

6. Report Description and Highlights Report Description The report has bifurcated the market according to the type, which consists of natural and synthetic chemicals. For more information, click here: https://www.imarcgroup.com/aroma-chemicals-market Market Segmentation by Product • • • • Benzenoids Musk Chemicals Terpenoids Others The market has been segmented on the basis of the product, which includes benzenoids, musk chemicals, terpenoids and others. Market Segmentation by Application • Soaps and Detergents

7. Report Description and Highlights Report Description • • • Cosmetics and Toiletries Fine Fragrances Others Based on the application, the market has been categorized as soaps and detergents, cosmetics and toiletries, fine fragrances, and others. Market Segmentation by Region • • • • • Asia Pacific North America Europe Middle East and Africa Latin America On the geographical front, the aroma chemicals market is divided into Asia Pacific, Europe, North America, Middle East and Africa, and Latin America.

8. Report Description and Highlights Report Description Competitive Landscape: The report has also examined the competitive landscape of the market with profiles of major players that are currently operating in the industry. Browse Related Report Fumaric Acid Market Report: https://www.imarcgroup.com/fumaric-acid-market Pyridine Market Report: https://www.imarcgroup.com/pyridine-market

9. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

10. We are the trusted business partners to the world's leading corporates, governments, and institutions Partial List of Clients A partial List of our Clients

11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

12. Contact Us FOR MORE DETAILS Visit us at : https://www.imarcgroup.com Stay With Us: TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com