Aroma Chemicals Global Market Segmentation and Major Players Analysis and Forecast to 2021

About Aroma Chemicals

Aroma chemicals, also called odorants or fragrances, are natural or synthetic compounds that are characterized by their pleasant smell. These compounds are usually obtained from essential oils and the aromatic compounds. They have a molecular weight less than 300 Da and are extremely volatile and tend to vaporize. Aroma chemicals are used in the products to provide a specific fragrance or to mask the smell of the other product ingredients.

Technavio’s analysts forecast the global aroma chemicals market to grow at a CAGR of 5.42% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global aroma chemicals market for 2017-2021. To calculate the market size, the report considers the sales of different types of aroma chemicals used in soaps and detergents, cosmetics and toiletries, fine fragrances, household products, food and beverages, and other application segments in key regions.

The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA

Technavio’s report, Global Aroma Chemicals Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is change in consumer preferences. The study of perception and consumer buying behavior is one the key factor in analyzing the performance and growth perspective of an industry. The consumer behavior indicates how individuals and organization select, use, and dispose the goods or services.

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Further, the report states that one of the major factors hindering the growth of this market is high R&D cost. Aroma chemicals are crucial for manufacturing many products. Though the cost of raw materials is high, manufacturers are under pressure to spend more on R&D to improve the products and retain existing customers. Changing consumer preferences is affecting the global aroma chemicals market, which requires manufacturers to develop new and interesting solutions to cater to the customer’s needs. The certification process that ensures the quality and safety of the product is also an expensive procedure. Therefore, the high R&D costs involved in the aroma chemicals market is a challenge to the vendors in the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

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