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The rising demand for cosmetics and personal care products is likely to promote innovation in the production of aroma chemicals, propelling the market during the forecast period.

The global aroma chemicals market is expected to grow from $5.41 billion in 2022 to $5.81 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global aroma chemicals market size is expected to reach $7.42 billion in 2027 at a CAGR of 6.3%.

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Global Aroma Chemicals Market Segments Include:

• By Product: Benzenoids, Terpenoids, Musk Chemicals, Other Products
• By Source: Natural, Synthetic, Natural-identical
• By Application: Food And Beverages, Fine Fragrances, Cosmetics And Toiletries, Soaps And Detergents, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global aroma chemicals market in 2021.

Major Market Players in the aroma chemicals market include BASF SE, Solvay S.A., Takasago International Corporation, Kao Corporation, Hindustan Mint And Agro Products Pvt. Ltd., Givaudan, Privi Speciality Chemicals Limited, SymriseAG.

Product developments will be a prominent trend in the aroma chemicals market in the future. Major players in the aroma chemicals market are focusing on providing unique solutions to increase their market position. P2 Science, Inc. (P2), a green chemistry business based in the United States, for example, launched Herbenone, a novel patented renewable fragrance chemical, in May 2021. Herbenone is a new herbal top note generated from sustainable forestry feedstock using unique green chemistry. It adds notes of herbs, anise, fresh basil, and a hint of jasmine to a variety of cosmetics and personal care items. Herbenone is based on the same environmentally friendly chemical basis as other P2 products. As a result, it is created from recycled forestry feedstocks derived from Forest Stewardship Council-certified pine trees.

The Aroma Chemicals Global Market Report 2023  provides a aroma chemicals market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The aroma chemicals market forecast analyzes aroma chemicals market size, aroma chemicals market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Aroma chemicals are chemical substances that have an attractive scent and odour. They can be natural or artificial. They are often highly volatile and serve primarily to impart flavour or scent. Aroma compounds are synthesised in chemical reactors from synthetic starting materials and undergo a considerable chemical change.

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