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Aroma Ingredients Market for Personal Care Industry by Type, Application And Region - Global Forecast to 2023

Aroma Ingredients Market: Global Forecast until 2023

  • September 2018
  • 110 pages
  • ID: 5501529
In this report:
In addition, the rise of upper-middle-class and affluent households and increase in the role of the e-commerce industry are expected to contribute to the high sales of personal care products, which is further expected to drive the demand for aroma ingredients.
Europe led the aroma ingredients market, accounting for a share of ##.##% in 2017 and this trend is expected to continue during the forecast period.
The personal care industry in China is the largest in APAC and is expected to grow at around ##.##% for the next five years.

Summary

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In terms of value significance, the aroma ingredients market is estimated to rise at a compound annual growth rate of 4.50 percent from 2018 to 2023

The aroma ingredients market is forecasted to grow from ~$2.3B in 2018 to ~$2.8B by 2023, at a compound annual growth rate (CAGR) of 4.5% during the forecast horizon. The increasing demand for personal care products, along changes in lifestyles and consumer preferences are forecast to steer the increase of the market for aroma ingredients across the world. Nevertheless, the requirement of significant investments in Research and development and stringent governmental regulations concerning the use of aroma ingredients in personal care product formulations are hampering market increase.

Established on category, the synthetic ingredients segment led the aroma ingredients market in 2017

The industry demand for synthetic ingredients is very high in different applications due to low cost and easy availability.Furthermore, synthetic ingredients are consistent in quality and price, unlike natural ingredients.

Hence there is strong demand in the aroma ingredients market for products for the personal care sector.

The toiletries application is expected to increase at the maximal CAGR (Compound annual growth rate), in terms of value importance during the outlook period

The toiletries application of the aroma ingredients market is projected to register the maximal compound annual growth rate (CAGR) in terms of value concern between 2018 and 2023. Growing purchasing power of middle-class populations is leading to rise in demand for soaps, shampoos, conditioners, and hygiene products in emerging countries, which in turn, is fueling increase of the aroma ingredients in the toiletries application.

The APAC aroma ingredients market is expected to rise at the highest CAGR (Compound annual growth rate), in terms of value significance during the estimate period

The APAC aroma ingredients market is expected to grow at the highest compound annual growth rate (CAGR), in terms of value importance between 2018 and 2023.Economic increase in emerging countries and growing disposable incomes of the middle-class populations of the Asia-Pacific regions are making it an attractive market for manufacturers of aroma ingredients.

Growing awareness among masses regarding skin, hair, and oral care, changing lifestyles of the middle-class populations of the territory due to their increasing disposable incomes, and rising popularity of organic skin care products are some of the main factors anticipated to fuel the rise of the APAC aroma ingredients market during the outlook period.

Breakdown of profiles of primary members taking part for the market research:

• By Company category: Tier 1 - 45.0 percent, Tier 2 - 22.0 percent, and Tier 3 - 33.0 percent

• By Description: C-suite - 50.0 percent, D-level - 10.0 percent, and Others - 40.0 percent

• By Area: EU - 33.0 percent, the Middle East area & African continent - 25.0 percent, North America (NA) - 17.0 percent, APAC- 17.0 percent, and South America area - 8.0 percent

Some of the top firms decribed in this business report are Symrise, Takasago International Corporation, Sensient Technologies Corporation, MANE, Robertet SA, T. Hasegawa Co., Limited, Frutarom, Givaudan, Firmenich SA, and International Flavors & Fragrances Inc..

Segment Research

The aroma ingredients market has been divided on the basis of category, application, and area.Established on category, the industry has been divided into synthetic ingredients and natural ingredients.

Established on application, the aroma ingredients market has been broken down into fine fragrances, toiletries, and cosmetics. The sector has also been studied for Asia-Pac, Europe (EU), North America continent, the Middle East (ME) & African continent, and South America region.

Main highlights

This industry report includes the following studies:

• Market segmentation established on category, application, and area

• Market dynamics including drivers, market restraints, and alternatives that impact the increase of the aroma ingredients market

• Porter's five forces analysis for the aroma ingredients market

• Profiles of the main actors operating in the aroma ingredients market

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