Aroma Chemicals Market Analysis, Future Trends 2028
  • Published On: 16-02-2022

Aroma Chemicals Market Analysis, Future Trends 2028

The global aroma chemicals market size   is projected to reach USD 6,968.3 million by 2028. As the demand for natural ingredients is increasing, various manufacturers are trying to create novel technologies to prevent environmental damage or pollution. For instance, Privi Speciality Chemicals Limited utilizes agrochemicals from by-products and high-value aroma chemicals from Crude Sulphate Turpentine (CST) to improve eco-friendly operations and reduce emissions. Fortune Business Insights™ published this information in a new study, titled, “Aroma Chemicals Market, 2021-2028.” As per the study, the market stood at USD 4,976.0 million in 2020. It is set to exhibit a CAGR of 4.5% during the forecast period “between” 2021 to 2028.

Drivers & Restraints-

Rising Need to Maintain Formulations and Quality of Products to Aid Growth

Aroma chemicals are extensively used in toiletries and cosmetics, such as hand washes, lipsticks, gels, shampoos, body lotions, aftershaves, moisturizers, soaps, and others. Manufacturers are striving persistently to maintain the quality and formulations of these products by inducing natural scents. Hence, they are inclining rapidly towards organic ingredients.

Get Sample PDF Brochure@


Fine Fragrances Segment to Dominate Stoked by Rising Technological Advancements

By source, the market is categorized into synthetic and natural. Based on the product, it is divided into terpenes/terpenoids, benzenoids, musk chemicals, and others. Lastly, by applications, it is fragmented into food & beverages, fine fragrances, cosmetics & toiletries, soaps & detergents, and others. Out of these, the fine fragrances earned 53.18% and 51.62% in terms of the aroma chemicals market share globally and in the U.S. in 2020. This segment is anticipated to remain at the forefront because of the ongoing technological advancements in this field.

A list of reputed manufacturers present in the global market:

  • Privi Speciality Chemicals Limited (Navi Mumbai, India)
  • BORDAS S.A. (Sevilla, Spain)
  • BASF SE (Ludwigshafen, Germany)
  • DSM (Heerlen, Netherlands)
  • Hindustan Mint & Agro Products Pvt. Ltd. (Uttar Pradesh, India)
  • International Flavors & Fragrances Inc. (New York, the U.S.)
  • Kao Chemicals Europe (Barcelona, Spain)
  • Symrise (Holzminden, Germany)
  • Givaudan (Vernier, Switzerland)
  • Solvay (Brussels, Belgium)
  • Takasago International Corporation (Tokyo, Japan)
  • Keva (Mumbai, India)
  • Eternis Fine Chemicals Ltd. (Mumbai, India)
  • Other Key Players


About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.


Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower,

Baner - Mahalunge Road, Baner,

Pune-411045, Maharashtra, India.        



US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245