Market - - May 23,2017
The global aroma chemicals market is forecasted to showcase a healthy CAGR of 6.2% between 2016 and 2024; the market is expected to reach an estimate of US$6.57 billion by the end of 2024.
Aroma chemicals are classified under a group of molecules which are primarily used in fragrance ingredients. These comprise of artificial, natural identical, and natural molecules. Interestingly, close to 3000 types of distinct molecules are utilized for the production of fragrance compositions.
Looking at the latest research and development activities, the effective usage of aroma chemicals have penetrated into food and beverages industries, medical, household as well as personal care. According to a recent research report published by Market Research Reports Search Engine (MRRSE), the market for global aroma chemicals is forecasted to exhibit a positive CAGR of 6.2% between 2016 and 2024. This points out that, the market would gain a valuation of US$6.57 billion by the end of 2024 from a mark of US$3.85 billion in 2015.
In the recent times, aroma chemicals possess a wide range of applications, out of which the most common include fine fragrance, toiletries and cosmetics. Aroma chemicals are also used as odorizer to transmit fragrance to odorless substances which can be dangerous for instance, propane, natural gas etc.
Considering the popular types of aroma chemicals, the worldwide market is dominated by natural and synthetic aroma chemicals. These aroma chemicals offer usable products such as benzenoids, terpenoids, musk chemicals and others. Presently, on the global scale, the various geographical regions which act as the active market centers for aroma chemicals include Europe, Asia-Pacific, North America, Latin America, and Middle East & Africa (MEA).
The major companies successfully operating in this sector are Sensient Flavors and Fragrance, IFF, Firmenich SA, Givaudan, Takasago International Corporation, BASF SE, Symrise, Solvay, KAO CORPORATION, Frutarom and Robertet SA.
For more information on this report visit- http://www.mrrse.com/aroma-chemicals-market