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Global Aroma Chemicals Market to Witness Rapid Growth on Account of Innovative Product Launches by Leading Players

Chemicals Research

Updated on Jan 4, 2017

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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.

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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