Global Aroma Ingredients Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017-2023) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 27, 2018--The “Global Aroma Ingredients Market - by Product Type, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2017- 2023)” report has been added to ResearchAndMarkets.com’s offering.
The aroma ingredients market was USD 2.07 billion in 2017 and will reach USD 2.67 billion by 2023, at a CAGR of 4.35% during the forecast period.
Introduction of innovative and novel products especially in cosmetics, toiletries, and skin care and hair care products, increasing demand for natural ingredients along with the change in consumer preferences, technological advancement and others have fuelled the growth of the market.
Moreover, the rise in demand from the developing nations for natural fragrance due to health concerns related to synthetic chemicals is also an important factor responsible for the growth of the global aroma ingredients market.
One of the major factors that is likely to hinder the growth in demand for natural aroma ingredients is high costs associated with switching from synthetic chemical to natural ingredients.
A key trend witnessed in global aroma ingredients market is that the key aroma ingredient producers are responding to opportunities by expanding their global presence.
On the basis of type, the synthetic ingredients segment of the aroma ingredients market is expected to grow at the highest CAGR, in terms of value from 2018 to 2023.
Based on application, the fine fragrances segment is likely to lead the aroma ingredients market during the forecast period in terms of value.
Companies ProfiledAgilex Flavors and Fragnances Inc. BASF SE Fermenich International SA Frutarom Industries Ltd. Givaudan SA Hindustan Mint & Agro Products Pvt. Ltd. International Flavors and Fragnances Inc. Mane SA Robertet SA Sensient Technologies Corporation Symrise AG T. Hasegawa Co. Ltd. Takasago International Corporation
Key Topics Covered
1. Research Methodology
2. Executive Summary
3. Market Overview
4. Market Dynamics
5. Global Aroma Ingredients Market Segmentation, Forecasts and Trends - by Product Type
6. Global Aroma Ingredients Market Segmentation, Forecasts and Trends - by Application
7. Global Aroma Ingredients Market Segmentation, Forecasts and Trends - by Region
8. Company Market Share Analysis
9. Company Profiles
10. Industry Structure
11. Global Aroma Ingredients Market - The Road Ahead
For more information about this report visit https://www.researchandmarkets.com/research/qtss2c/global_aroma?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181227005124/en/
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SOURCE: Research and Markets
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PUB: 12/27/2018 05:06 AM/DISC: 12/27/2018 05:06 AM