Attractive Opportunities in Aroma Ingredients Market

The report “Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023″, The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The increasing demand for personal care products, coupled with the change in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market during the forecast period.

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• Objectives of this Study on the aroma ingredients market are as follows:
• To analyze and forecast the size of the aroma ingredients market, in terms of value
• To provide detailed information regarding the major factors, such as drivers, restraints, and opportunities influencing the growth of the aroma ingredients market
• To define, describe, and forecast the aroma ingredients market based on type, application, and region
• To forecast sizes of different segments of the market in 5 major regions, namely, APAC, Europe, North America, the Middle East & Africa, and South America and their respective key countries
• To analyze the markets with respect to individual growth trends, prospects, and their contribution to the overall aroma ingredients market
• To analyze opportunities in the aroma ingredients market for stakeholders by identifying the high-growth segments of the market
• To track and analyze competitive developments, such as acquisitions, new product launches, agreements, and expansions in the aroma ingredients market
• To strategically profile the key players operating in the aroma ingredients market and comprehensively analyze their growth strategies

The key market players profiled in this report include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

The Target Audiences for the aroma ingredients market report are:

• Manufacturers of Aroma Ingredients
• Raw Material Suppliers
• Investment Banks
• Distributors of Aroma Ingredients
• Government Bodies

The aroma ingredients market has been studied for 5 regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. The European region is projected to be the largest market for aroma ingredients during the forecast period due to the strong foothold of manufacturers of personal care products in the region. Aroma ingredients are the key compounds used in the formulation of various personal care products. The European region is also home for the leading manufacturers of aroma ingredients. The major countries driving the growth of the aroma ingredients market in the European region are France, Germany, Italy, and UK.

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The expansions & acquisitions strategy was adopted by leading players to strengthen their positions in the Aroma Ingredients Market

The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The expansions, acquisitions, new product launches, and agreements strategies were adopted by key players to strengthen their positions in the aroma ingredients market.

The key players operating in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

Givaudan is a leading manufacturer of aroma ingredients across the globe. The company produces various fragrance ingredients mainly used in fine fragrance and beauty care applications. In December 2017, the company opened a new delivery center in Kuala Lumpur, Malaysia. The new center is expected to help the company cater to the growing demand for flavors and fragrances in the APAC region. Moreover, Givaudan in October 2017, opened a new fragrance creative center in Mexico City, Mexico. The new center is expected to help the company support business growth in the North American region.

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Firmenich SA is another leading manufacturer of aroma ingredients. The company operates in Americas, APAC, Europe, and Africa. The company has adopted the expansions, acquisitions, and new product launches growth strategies. In September 2017, the company opened a new facility in Barcelona, Spain, which features high-tech laboratories for perfumes and flavors. The expansion has helped the company strengthen its footprints in Spain. In July 2017, the company acquired Agilex Fragrances (US), a fragrance manufacturing company. The acquisition helped the company strengthen its market position in North America.

IFF (International Flavors & Fragrances Inc.) primarily produces and distributes flavors & fragrances for products, such as fine fragrances, cosmetics, detergents, household goods, food, and beverages. IFF focuses on its core business line of flavors and fragrances, and expanding its business through expansions, acquisitions, and new product launches. In October 2017, the company opened a fragrance ingredients plant in China. The expansion helped the company strengthen its presence in the country.

Additionally, in July 2015, the company launched Amber Xtreme, a fragrance ingredient for consumer products, such as fine fragrances, beauty care, fabric care, and household cleaners. The new product launch has helped the company strengthen its fragrance product portfolio.

Related Reports:

Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023

Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients)- Global Forecast to 2023

Aroma Ingredients Market was valued at USD 2.20 billion in 2017 and is projected to reach USD 2.83 billion by 2023, at a CAGR of 4.5% during the forecast period.

The increasing demand for personal care products, coupled with the change in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market during the forecast period.

Download PDF to know more:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113835443

Based on type, the synthetic ingredients segment of the aroma ingredients market is projected to grow at the highest CAGR, in terms of value from 2018 to 2023

Based on type, the aroma ingredients market has been segmented into synthetic ingredients and natural ingredients. The synthetic ingredients segment of the market is projected to grow at the highest CAGR in terms of value during the forecast period. Synthetic ingredients are compounds artificially made through chemical reactions. They have characteristic odors as per their molecular structures. These are synthesized using various artificial chemicals primarily derived from coal tar and petroleum. Synthetic ingredients are less costly as well as consistent in quality and price, unlike natural ingredients. Hence the synthetic ingredients are the fastest-growing type of aroma ingredients.

The aroma ingredients market has been studied for 5 regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. The European region is projected to be the largest market for aroma ingredients during the forecast period due to the strong foothold of manufacturers of personal care products in the region. Aroma ingredients are the key compounds used in the formulation of various personal care products. The European region is also home for the leading manufacturers of aroma ingredients. The major countries driving the growth of the aroma ingredients market in the European region are France, Germany, Italy, and UK.

Some of the key players in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

Aroma Ingredients Market worth $2.83 billion by 2023

The report “Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) – Global Forecast to 2023″, The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% between 2018 and 2023. The increasing demand for personal care products, coupled with the change in lifestyles and consumer preferences is expected to drive the growth of the aroma ingredients market during the forecast period.

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Browse 64 market data Tables and 41 Figures spread through 110 Pages and in-depth TOC on “Aroma Ingredients Market”

Based on type, the synthetic ingredients segment of the aroma ingredients market is projected to grow at the highest CAGR, in terms of value from 2018 to 2023

Based on type, the aroma ingredients market has been segmented into synthetic ingredients and natural ingredients. The synthetic ingredients segment of the market is projected to grow at the highest CAGR in terms of value during the forecast period. Synthetic ingredients are compounds artificially made through chemical reactions. They have characteristic odors as per their molecular structures. These are synthesized using various artificial chemicals primarily derived from coal tar and petroleum. Synthetic ingredients are less costly as well as consistent in quality and price, unlike natural ingredients. Hence the synthetic ingredients are the fastest-growing type of aroma ingredients.

Based on application, the fine fragrances segment is projected to lead the aroma ingredients market during the forecast period in terms of value

The fine fragrances segment is projected to lead the aroma ingredients market in terms of, a value between 2018 and 2023. Fine fragrance is a term used for products diluted with alcohol and contains a high concentration of aroma ingredients. Fine fragrances include major applications, such as perfumes, colognes, body mists, and deodorants. Aroma ingredients are the key compounds in fine fragrance formulations. The increasing demand for perfumes, colognes, deodorants, and body mists across the globe is expected to drive the demand for aroma ingredients in the fine fragrances application.

Download PDF to know more @ 
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113835443

The European region is expected to be the largest market for aroma ingredients during the forecast period

The aroma ingredients market has been studied for 5 regions, namely, APAC, North America, Europe, the Middle East & Africa, and South America. The European region is projected to be the largest market for aroma ingredients during the forecast period due to the strong foothold of manufacturers of personal care products in the region. Aroma ingredients are the key compounds used in the formulation of various personal care products. The European region is also home for the leading manufacturers of aroma ingredients. The major countries driving the growth of the aroma ingredients market in the European region are France, Germany, Italy, and UK.

Some of the key players in the aroma ingredients market include Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

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