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APAC Aroma Chemicals Market revenue to hit $2.5 Bn by 2027
Published Date: 2022-02-24
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APAC Aroma Chemicals Market size is expected to surpass USD 2.5 billion by 2027, according to a latest forecast report by Graphical Research.
Increasing use of aroma chemicals in cosmetic applications to enhance customer experience by offering a unique and nostalgic aroma to hair care products should drive the market growth in Asia Pacific. Changing consumption patterns and lifestyles along with increasing attention towards personal grooming are few factors which should positively impact the market revenue.
The benzenoids aroma chemical segment will grow at a CAGR of 6.5% during the forecast period. Benzenoid aromatic compound provides high stability in products hence is widely used in a wide range of cosmetic and personal care products such as shampoo, cream, and skin and haircare products.
Benzaldehyde is an organic compound that can be produced from natural and synthetic methods for use in foods and cosmetics due to its almond flavor. Increasing consumer consciousness about health along with increasing awareness about negative health effects of artificial food additives has led to a shift toward organic and natural flavorings in food & beverage industry which should boost benzenoid demand thus contributing to market size.
Synthetic fragrances offer more dense and longer fragrance than their natural counterpart. Synthetic aroma chemicals are utilized in manufacturing of soaps, essential oils, cleaning products, perfumes, and cosmetics. Utilization of synthetic chemicals in manufacturing is driven by variety of options for fragrance blend and innovation of new fragrances, low cost, easy availability of synthetic products compared to natural sources for aroma chemical production.
Browse detailed statistical insights from the report, “Asia Pacific Aroma Chemicals Market Forecast 2027 By Source (Natural, Synthetic), By Product (Benzenoids, Terpenoids, Musk Chemicals), By Application (Food & Beverage, Fine Fragrances, Cosmetics & Toiletries, Soaps & Detergents, Household), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
The natural sources cannot fulfill the complete demand for natural aroma ingredients therefore synthetic fragrances are suitable option for meeting the demand for aroma chemicals. These factors should fuel the use of synthetic aroma chemicals by manufacturers, which is anticipated to boost the market demand.
The soaps & detergents application aroma chemicals segment will witness remarkable growth through 2027 owing to its government guidelines for cleanliness and disinfection in healthcare facilities to avoid the risk of spread of diseases is driving the demand for soaps & detergents. This rise in the demand for soaps and detergents is anticipated to trigger use of aroma chemicals for providing uniqueness to products which will create business opportunities.
China aroma chemicals industry will show at a significant CAGR till 2027. Government initiative towards cleanness especially in the developing countries such as India and China along with requirements of essential cleaning products in the healthcare industry is anticipated to support the demand of soaps and detergent in healthcare industry thus favoring the market growth. Stringent government regulation in China on use of synthetic flavors & fragrances should proliferate the demand for natural aroma ingredients thereby propel the market expansion.
The APAC aroma chemicals market report for aroma chemicals includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2016 to 2027, for the following segments:
Asia Pacific Market, By Source
Asia Pacific Market, By Product
- Musk Chemicals
Asia Pacific Market, By Application
- Food & Beverage
- Fine Fragrances
- Cosmetics & Toiletries
- Soaps & Detergents
The above information has been provided for the following countries:
- Asia Pacific
- South Korea