Aroma Chemicals Market Research Report and Forecast up to 2024 Aroma Chemicals Market - Global Industry Analysis,

Aroma Chemicals Market - Global Industry
Analysis, Size, Share, Growth, Trends, and
Forecast 2016 - 2024
Global Aroma Chemicals Market: Snapshot
Aroma is a complex mixture of individual chemicals behaving according to their
unique characteristics. These chemicals have several attributes such as polarity,
volatility, stability, and surface activity among others. Among them, the chemicals
with weight greater than 300 are called aroma chemicals. Perfumers use
comprehensive palette of synthetic and natural aroma chemicals along with
technical staff to create a peculiar commercial product.
Until a few years back, household care and personal care were the two primary
segments exhibiting the demand for aroma chemicals. However, considering the
latest research and development activities, the use of aroma chemicals have
successfully penetrated into medical and food and beverages industries. Spurred by
this and efforts taken by the leading manufacturers to bolster product development
and diversification, the global aroma chemicals market is forecast to exhibit a CAGR
of 6.2% between 2016 and 2024. At this pace, the market’s valuation is expected to
reach US$6.57 bn by the end of 2024. In 2015, the market was valued at US$3.85
bn.
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chemicals-market.html
Demand for Natural Aroma Chemicals in Personal Care Industry to Aid
Growth
The global aroma chemicals market can be broadly classified into natural and
synthetic chemicals based on type. Of these, the dominance was reported by
synthetic aroma chemicals in 2015 and the trend is likely to remain unchallenged
through the forecast period. Synthetic aroma chemicals are categorized as naturally
identical, chemically modified natural, and naturally non-existent aroma chemicals.
Natural identical chemicals are those synthetics which share the same chemical
structure as naturals whereas, chemically modified chemicals are those whose
originating point is natural but their chemical structure is rendered afterwards.
In 2015, natural aroma chemicals accounted for a small share in the market,
however, over the next few years it is forecast to grow at a significant pace. Natural
chemicals are perceived safer, therapeutic, greener, and more sustainable by
consumers. The high market value of natural products, as they evoke the essence of