According to a new report Global Aroma Ingredients Market, published by KBV Research, The Global Aroma Ingredients Market size is expected to reach $15.4 billion by 2025, rising at a market growth of 5.2% CAGR during the forecast period. The Europe market dominated the Global Aroma Ingredients Market by Region in 2018, thereby, achieving a market value of $5,162.5 million by 2025, growing at a CAGR of 4.1 % during the forecast period. The North America market is expected to witness a CAGR of 4.4% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.1% during (2019 - 2025).
Based on Type, the Synthetic Ingredients market dominated the Global Aroma Ingredients Market by Type 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $9,056 million by 2025, growing at a CAGR of 4.6 % during the forecast period. The Natural Ingredients market is expected to witness a CAGR of 6.2% during (2019 - 2025).
The Homecare market dominated the Global Aroma Ingredients Market by Application 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $6,241.8 million by 2025, growing at a CAGR of 4.6 % during the forecast period. The Personal care market is expected to witness a CAGR of 4.8% during (2019 - 2025). Additionally, The Fine Fragrances & Perfumes market is expected to witness highest CAGR of 6.3% during (2019 - 2025).
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Kao Corporation and BASF SE are some of the forerunners in the Aroma Ingredients Market. BASF has launched Euperlan® OP White and Cegesoft® Peel, two new ingredients for fulfilling the demands of personal care market. Kao introduced high-end Eau de Parfum and Eau de Toilette luxury collection from Molton Brown in order to enhance luxury fragrance collection.
Full Report:https://www.kbvresearch.com/aroma-ingredients-market/
Companies such as Givaudan S.A., Symrise AG, Firemenich S.A., International Flavors & Fragrances, Inc., Takasago International Corporation, Mane S.A., and Sensient Technologies Corporation are some of the key innovators in Aroma Ingredients Market. Firmenich came into partnership with Nelixia for producing natural ingredients in Central America. IFF has collaborated with Yellowstone Forever in order to launch a new ‘Living Floral’ collection of Fragrance Tonics and Moisturizing Oils extracted from plant species at Yellowstone National Park. Mane has collaborated with Crafting Beauty for recreation of “l’Eau Noire”, the fragrance.
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.
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