Europe Aroma Ingredients Market By Type (Natural Ingredients and Synthetic Ingredients) By the Application (Homecare, Personal care, Fine Fragrances & Perfumes and Other Applications)
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Market Report Description
The Europe Aroma Ingredients Market would witness market growth of 4.1% CAGR during the forecast period (2019-2025). Aroma ingredients are majorly used in wine, food, spices, perfumes, floral scent, essential oils and fragrance oils. Especially these aroma ingredients are widely used in the production of flavorants used in food industry to enhance the flavour and the appeal of products.
Market participants in this market are expanding their footprints across geographies thereby having access to additional consumers and strengthen respective market shares. In Feb 2019, BASF has expanded its reach to Nigeria by opening a new application technology laboratory for developing personal care solutions for African people. In Aug 2019, Firmenich has opened a new first Fine Fragrance Atelier in Latin America for expanding its footprint in fragrances business. In April 2018, Mane has established a new manufacturing facility in Colombia focusing on fragrances.
The aroma ingredients witness the presence of some key players majorly from chemical industry including BASF, Firmenich SA, Givaudan International SA, Robertet SA and Takasago International Corporation among others. A wide product portfolio along with brilliant product innovation is the common strategies adopted by almost all of the key market participants in this market. With the consumers becoming more conscious about the quality of ingredients being used in products, the companies are striving for introducing quality products to appeal the aware customers.
For instance, In Nov 2018, BASF has launched Euperlan® OP White and Cegesoft® Peel, two new ingredients for fulfilling the demands of personal care market. In March 2019, Symrise has launched SymLite® G8, plant based ingredient for cosmetic markets. In April 2018, BASF has introduced new ingredients Polymer Rheocare® XGN and Tinosorb® S Lite Aqua, two new personal care ingredients which helps in protecting hair and skin.
The Synthetic Ingredients market dominated the Germany Aroma Ingredients Market by Type 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $730.3 million by 2025, growing at a CAGR of 2 % during the forecast period. The Natural Ingredients market is expected to witness a CAGR of 3.7% during (2019 - 2025).
Based on Type, the market is segmented into Natural Ingredients and Synthetic Ingredients. Based on the Application, the market is segmented into Homecare, Personal care, Fine Fragrances & Perfumes and Other Applications. Based on Regions, the Europe market is segmented into Germany, UK, France, Russia, Spain, Italy and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mane S.A., Givaudan S.A., Symrise AG, Takasago International Corporation, International Flavors & Fragrances Inc., Firmenich S.A., Kao Corporation, Robertet S.A., Sensient Technologies Corporation and BASF SE.
Scope of the Aroma Ingredients Market Analysis
- Natural Ingredients
- Synthetic Ingredients
- Personal care
- Fine Fragrances & Perfumes
- Rest of Europe
- Mane S.A.
- Givaudan S.A.
- Symrise AG
- Takasago International Corporation
- International Flavors & Fragrances Inc.
- Firmenich S.A.
- Kao Corporation
- Robertet S.A.
- Sensient Technologies Corporation and
- BASF SE
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