The LAMEA Aroma Ingredients Market would witness market growth of 7.4% CAGR during the forecast period (2019-2025). The LAMEA Acute Hospital Care market is studied across the Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA. The Brazil market dominated the LAMEA Aroma Ingredients Market by Country 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $551.6 million by 2025, growing at a CAGR of 6.3 % during the forecast period. The Argentina market is expected to witness a CAGR of 8% during (2019 - 2025). Additionally, The UAE market is expected to witness a CAGR of 7.2% during (2019 - 2025).
Leading players in Aroma Ingredients Market are Symrise AG, Givaudan S.A., and BASF SE. These market players are very active in the market space with strategies such as mergers, collaborations and expansion in order to maximize their market share in Aroma Ingredients Market. For instance, BASF has launched Euperlan® OP White and Cegesoft® Peel, two new ingredients for fulfilling the demands of personal care market. Symrise has taken over Cutech for cosmetic ingredients and finished formulations. Symrise has launched SymLite® G8, plant based ingredient for cosmetic markets. Givaudan has acquired Fragrance Oils for enhancing the fragrances solutions for personal care, fine fragrances and home care applications. Givaudan has taken over Albert Vieille in order to expand the natural ingredients for fragrances.
Wide application in cosmetic and personal care industry is the main factor leading to the high demand of aroma ingredients worldwide. Almost all of the products from cosmetic industry such as body lotions, creams, shampoos, soaps, perfumes and deodorants are having aroma ingredients. Further, factors growing awareness regarding the cosmetic and personal care products, enhanced attention towards personal hygiene are further fuelling the demand for aroma ingredients. In addition, the rise in disposable income and improved lifestyle across most of the geographies are few other reasons for high market growth.
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 LAMEA market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria and Rest of LAMEA.
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.
Market Segmentation:
By Type
By Application
By Country
Companies Profiled
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