A new report has been published by Stratview Research, titled, “Aroma Chemicals Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021–2026.” The experts authoring this report have made an effort at providing in-depth information on leading growth drivers, restrictions, challenges, current and upcoming trends, and opportunities to offer a comprehensive assessment of the global Aroma Chemicals Market. Users can use the analysis included in this report to plan effective growth strategies and prepare for future challenges beforehand.
Market segmentation has been done correctly to help the users define and better understand their target audiences and ideal customers. Market segmentation in this report allows you to identify the right market for your products and then target your marketing more effectively.
Covid-19 impact on the Aroma Chemicals Market –
As the novel coronavirus (COVID-19) crisis takes over the world, our team of market analysts is continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and their estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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By Product Type
Based on the product type, the aroma chemicals market is segmented as terpenes, benzenoids, musk chemicals, and others. The musk chemicals segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. Robust demand for chemicals in various applications such as in soaps and detergents production to incorporate strong and sweet musk odor is expected to augment the market growth over the forecast period.
By Application Type
Based on the application type, the aroma chemicals market is segmented as soap and detergents, cosmetics and toiletries, fine fragrances, household products, food and beverage, and others. The food and beverage segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The growth of this segment is attributed to the huge food demand across the globe owing to awareness towards healthy diet and growing popularity of easy-to-consume food products. Aroma chemicals are also majorly used in cosmetics and toiletries including aftershave, gels, lipstick, foundation, moisturizer, nail polish, shampoo, body wash, hand wash, mascara, sunscreen and toner.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for aroma chemicals during the forecast period, followed by North America and Europe, with developing economies such as China, India, and Japan being the major countries with lucrative growth opportunities. Initiatives including “Made in China 2025” and “Make in India” aiming to boost inland production and tax incentives for manufacturers’ establishment in the region will propel industry growth.
Relying on data to make business decisions and to have a competitive advantage, is a critical aspect every key player needs to be familiar with. The report throws light on the competitive scenario of the global Aroma Chemicals Market along with a list of Key players.
Here are few –BASF SE Fairchem Speciality Ltd International Flavors & Fragrances Inc. Hindustan Mint & Agro Products Pvt. ltd. Kao Corporation PFW Aroma Chemicals (Kelkar Group) Privi Organics India Limited MANE Robertet S H Kelkar And Company SymriseAG Solvay and Takasago International Corporation.
Report Features –
This market report includes the following features –Market structure: Overview, industry life cycle analysis, supply chain analysis. Market environment analysis: Growth drivers and constraints. Market trend and forecast analysis. Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, M&As etc. Attractive market segments and associated growth opportunities. Emerging trends.
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About Stratview Research –
Stratview Research is a leading market research firm that offers wide range of services like syndicated market reports, consulting, sourcing intelligence, and customer research, etc. Stratview Research’s offerings include comprehensive market intelligence in the form of research reports, and consulting services. Our team which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 500 companies.