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Aroma Chemicals - Global Market Trajectory & Analytics

  • ID: 5029852
  • Report
  • April 2021
  • Region: Global
  • 295 Pages
  • Global Industry Analysts, Inc
Global Aroma Chemicals Market to Reach $7.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Aroma Chemicals estimated at US$4.9 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027, growing at a CAGR of 5.6% over the analysis period 2020-2027. Benzenoids, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$1.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Musk Chemicals segment is readjusted to a revised 6.1% CAGR for the next 7-year period.



The U.S. Market is Estimated at $1.3 Billion, While China is Forecast to Grow at 8.6% CAGR

The Aroma Chemicals market in the U.S. is estimated at US$1.3 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 8.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Terpenoids & Terpenes (Cyclic & Acyclic) Segment to Record 5.7% CAGR

In the global Terpenoids & Terpenes (Cyclic & Acyclic) segment, USA, Canada, Japan, China and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.4 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$960.7 Million by the year 2027, while Latin America will expand at a 6.9% CAGR through the analysis period.

Select Competitors (Total 46 Featured):
  • AromaTech, Inc.
  • Bedoukian Research, Inc.
  • Bell Flavors & Fragrances, Inc.
  • Fairchem Speciality Limited
  • Firmenich SA
  • Givaudan SA
  • Hindustan Mint & Agro Products Pvt. Ltd.
  • Kao Corporation
  • Robertet SA
  • Sensient Technologies Corporation
  • Solvay SA
  • Symrise AG
  • T. Hasegawa Co., Ltd.
  • Takasago International Corporation
  • Treatt Plc
  • Ungerer & Company
  • Wild Flavors and Specialty Ingredients (USA), Inc.
  • Zhejiang Newfine Industry Co., Ltd.
Frequently Asked Questions about the Global Market for Aroma Chemicals

What is the estimated value of the Global Market for Aroma Chemicals?

The Global Market for Aroma Chemicals was estimated to be valued at $4.9 Billion in 2020.

What is the growth rate of the Global Market for Aroma Chemicals?

The growth rate of the Global Market for Aroma Chemicals is 5.4%, with an estimated value of $7.1 Billion by 2027.

What is the forecasted size of the Global Market for Aroma Chemicals?

The Global Market for Aroma Chemicals is estimated to be worth $7.1 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 46
Note: Product cover images may vary from those shown