Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) - Global Forecast to 2023

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Date: 04-Sep-2018
No. of pages: 110
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In terms of value, the aroma ingredients market is projected to grow at a CAGR of 4.5% from 2018 to 2023

The aroma ingredients market is projected to grow from USD 2.27 billion in 2018 to USD 2.83 billion by 2023, at a CAGR of 4.5% during the forecast period. The rising demand for personal care products, coupled with changes in lifestyles and consumer preferences are expected to drive the growth of the market for aroma ingredients across the globe. However, the requirement of significant investments in R&D and stringent governmental regulations regarding the use of aroma ingredients in personal care product formulations are hampering market growth.

Based on type, the synthetic ingredients segment led the aroma ingredients market in 2017

The demand for synthetic ingredients is very high in various applications due to low cost and easy availability. Moreover, synthetic ingredients are consistent in quality and price, unlike natural ingredients. Hence there is high demand in the aroma ingredients market for products for the personal care industry.

The toiletries application is projected to grow at the highest CAGR, in terms of value during the forecast period

The toiletries application of the aroma ingredients market is expected to register the highest CAGR in terms of value between 2018 and 2023. Increasing purchasing power of middle-class populations is leading to growth in demand for soaps, shampoos, conditioners, and hygiene products in emerging countries, which inturn, is fueling growth of the aroma ingredients in the toiletries application.

The APAC aroma ingredients market is projected to grow at the highest CAGR, in terms of value during the forecast period

The APAC aroma ingredients market is projected to grow at the highest CAGR, in terms of value between 2018and 2023. Economic growth in emerging countries and increasing disposable incomes of the middle-class populations of the APAC region are making tan attractive market for manufacturers of aroma ingredients. Increasing awareness among masses regarding skin, hair, and oral care, changing lifestyles of the middle-class populations of the region due to their growing disposable incomes, and increasing popularity of organic skin care products are some of the major factors expected to fuel the growth of the APAC aroma ingredients market during the forecast period.

Breakdown of profiles of primary participants for the report:


  • By Company Type: Tier 1–45%, Tier 2–22%, and Tier 3–33%

  • By Designation: C Level–50%, Director Level–10%, and Others–40%

  • By Region: Europe– 33%, the Middle East & Africa – 25%, North America–17%, APAC–17%, and South America–8%


Some of the key companies profiled in this report are Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (US), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland), and International Flavors & Fragrances Inc. (US).

Research Coverage

The aroma ingredients market has been segmented based on type, application, and region. Based on type, the market has been segmented into synthetic ingredients and natural ingredients. Based on application, the aroma ingredients market has been segmented into fine fragrances, toiletries, and cosmetics. The market has also been studied for APAC, Europe, North America, the Middle East & Africa, and South America.

Key Benefits of Buying the Report

This report covers the following studies:


  • Market segmentation based on type, application, and region

  • Market dynamics including drivers, restraints, and opportunities that impact the growth of the aroma ingredients market

  • Porter’s five forces analysis for the aroma ingredients market

  • Profiles of the key players operating in the aroma ingredients market

Aroma Ingredients Market for Personal Care Industry by Type (Synthetic Ingredients, Natural Ingredients), Application (Fine Fragrances, Toiletries, and Cosmetics), and Region (APAC, Europe, North America) - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Significant Opportunities in the Aroma Ingredients Market
4.2 Aroma Ingredients Market, By Type
4.3 Aroma Ingredients Market, By Application
4.4 Aroma Ingredients Market in Europe, By Application and Country
4.5 Aroma Ingredients Market Attractiveness

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Consumption of Personal Care Products
5.2.1.2 Change in Lifestyle and Consumer Preferences
5.2.1.3 Increasing Demand for Natural Aroma Ingredients
5.2.2 Restraints
5.2.2.1 High Production and R&D Costs
5.2.2.2 Stringent Government Regulations
5.2.3 Opportunities
5.2.3.1 High Growth Potential From Emerging Economies
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry

6 Aroma Ingredients Market, By Type
6.1 Introduction
6.2 Synthetic Ingredients
6.3 Natural Ingredients

7 Aroma Ingredients Market, By Application
7.1 Introduction
7.2 Fine Fragrances
7.3 Toiletries
7.4 Cosmetics

8 Aroma Ingredients Market, By Region
8.1 Introduction
8.2 Europe
8.2.1 France
8.2.2 Germany
8.2.3 Italy
8.2.4 UK
8.3 APAC
8.3.1 China
8.3.2 Japan
8.3.3 India
8.3.4 Singapore
8.3.5 South Korea
8.4 North America
8.4.1 US
8.4.2 Canada
8.4.3 Mexico
8.5 Middle East & Africa
8.5.1 Turkey
8.5.2 Saudi Arabia
8.5.3 UAE
8.6 South America
8.6.1 Brazil
8.6.2 Argentina
8.6.3 Colombia

9 Competitive Landscape
9.1 Introduction
9.2 Market Ranking
9.2.1 Givaudan
9.2.2 Firmenich SA
9.2.3 IFF
9.3 Competitive Scenario
9.3.1 Expansion
9.3.2 Acquisition
9.3.3 New Product Launch
9.3.4 Collaboration, Contract & Agreement
9.3.5 Investment

10 Company Profiles
10.1 Givaudan
10.1.1 Business Overview
10.1.2 Products Offered
10.1.3 Recent Developments
10.1.4 SWOT Analysis
10.2 Firmenich SA
10.2.1 Business Overview
10.2.2 Products Offered
10.2.3 Recent Developments
10.3 International Flavors & Fragrances Inc. (IFF)
10.3.1 Business Overview
10.3.2 Products Offered
10.3.3 Recent Developments
10.3.4 SWOT Analysis
10.3.5 MnM View
10.4 Symrise
10.4.1 Business Overview
10.4.2 Products Offered
10.4.3 Recent Developments
10.4.4 SWOT Analysis
10.4.5 MnM View
10.5 Takasago International Corporation
10.5.1 Business Overview
10.5.2 Products Offered
10.5.3 Recent Developments
10.5.4 SWOT Analysis
10.5.5 MnM View
10.6 Frutarom
10.6.1 Business Overview
10.6.2 Products Offered
10.6.3 Recent Developments
10.6.4 MnM View
10.7 Mane
10.7.1 Business Overview
10.7.2 Products Offered
10.7.3 Recent Developments
10.8 Robertet SA
10.8.1 Business Overview
10.8.2 Products Offered
10.8.3 Recent Developments
10.9 Sensient Technologies Corporation
10.9.1 Business Overview
10.9.2 Products Offered
10.9.3 Recent Developments
10.9.4 SWOT Analysis
10.9.5 MnM View
10.10 T. Hasegawa Co., Ltd.
10.10.1 Business Overview
10.10.2 Products Offered
10.11 Other Key Players
10.11.1 Bel Flavors & Fragrances
10.11.2 Ogawa & Co., Ltd
10.11.3 Huabao
10.11.4 Solvay
10.11.5 Kao Corporation
10.11.6 Vigon International, Inc.
10.11.7 Yingyang (China) Aroma Chemical Group
10.11.8 S H Kelkar and Company Limited

11 Appendix
11.1 Discussion Guide
11.2 Introducing RT: Real-Time Market Intelligence
11.3 Available Customizations
11.4 Related Reports

List of Tables

Table 1 Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 2 Synthetic Aroma Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 3 Natural Aroma Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 4 Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 5 Aroma Ingredients Market Size in Fine Fragrances Application, By Region, 2016–2023 (USD Million)
Table 6 Aroma Ingredients Market Size in Toiletries Application, By Region, 2016–2023 (USD Million)
Table 7 Aroma Ingredients Market Size in Cosmetics Application, By Region, 2016–2023 (USD Million)
Table 8 Aroma Ingredients Market Size, By Region, 2016–2023 (USD Million)
Table 9 Europe: Aroma Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 10 Europe: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 11 Europe: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 12 France: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 13 France: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 14 Germany: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 15 Germany: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 16 Italy: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 17 Italy: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 18 UK: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 19 UK: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 20 APAC: Aroma Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 21 APAC: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 22 APAC: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 23 China: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 24 China: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 25 Japan: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 26 Japan: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 27 India: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 28 India: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 29 Singapore: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 30 Singapore: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 31 South Korea: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 32 South Korea: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 33 North America: Aroma Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 34 North America: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 35 North America: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 36 US: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 37 US: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 38 Canada: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 39 Canada: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 40 Mexico: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 41 Mexico: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 42 Middle East & Africa: Aroma Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 43 Middle East & Africa: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 44 Middle East & Africa: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 45 Turkey: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 46 Turkey: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 47 Saudi Arabia: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 48 Saudi Arabia: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 49 UAE: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 50 UAE: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 51 South America: Aroma Ingredients Market Size, By Country, 2016–2023 (USD Million)
Table 52 South America: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 53 South America: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 54 Brazil: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 55 Brazil: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 56 Argentina: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 57 Argentina: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 58 Colombia: Aroma Ingredients Market Size, By Application, 2016–2023 (USD Million)
Table 59 Colombia: Aroma Ingredients Market Size, By Type, 2016–2023 (USD Million)
Table 60 Expansion, 2014–2018
Table 61 Acquisition, 2014–2018
Table 62 New Product Launch, 2014–2018
Table 63 Collaboration, Contract & Agreement, 2014–2018
Table 64 Investment, 2014–2018

List of Figures

Figure 1 Aroma Ingredients Market Segmentation
Figure 2 Aroma Ingredients Market: Research Design
Figure 3 Aroma Ingredients Market: Data Triangulation
Figure 4 Synthetic Ingredients to Be the Largest Type of Aroma Ingredients
Figure 5 Fine Fragrances to Be the Largest Application of Aroma Ingredients
Figure 6 Europe to Be the Largest Aroma Ingredients Market
Figure 7 Growth in Personal Care Industry to Drive the Demand for Aroma Ingredients
Figure 8 Synthetic Ingredients Segment to Register the Highest CAGR
Figure 9 Fine Fragrances Application to Lead the Aroma Ingredients Market
Figure 10 France Accounted for the Largest Market Share in 2017
Figure 11 APAC to Be the Fastest-Growing Aroma Ingredients Market
Figure 12 Overview of Factors Governing the Aroma Ingredients Market
Figure 13 Aroma Ingredients Market: Porter’s Five Forces Analysis
Figure 14 Synthetic Ingredients to Be the Largest Type of Aroma Ingredients
Figure 15 Europe to Be the Largest Synthetic Aroma Ingredients Market
Figure 16 Europe to Be the Largest Natural Aroma Ingredients Market
Figure 17 Fine Fragrances to Be the Largest Application of Aroma Ingredients
Figure 18 Europe to Be the Largest Aroma Ingredients Market in Fine Fragrances Application
Figure 19 APAC to Be the Largest Aroma Ingredients Market in Toiletries Application
Figure 20 Europe to Be the Largest Aroma Ingredients Market in Cosmetics Application
Figure 21 India to Be the Fastest-Growing Aroma Ingredients Market
Figure 22 Europe: Aroma Ingredients Market Snapshot
Figure 23 APAC: Aroma Ingredients Market Snapshot
Figure 24 North America: Aroma Ingredients Market Snapshot
Figure 25 Expansion Was the Most Adopted Strategy Between 2014 and 2018
Figure 26 Ranking of Key Market Players in 2016
Figure 27 Givaudan: Company Snapshot
Figure 28 Givaudan: SWOT Analysis
Figure 29 Firmenich SA: Company Snapshot
Figure 30 International Flavors & Fragrances Inc.: Company Snapshot
Figure 31 International Flavors & Fragrances Inc.: SWOT Analysis
Figure 32 Symrise: Company Snapshot
Figure 33 Symrise: SWOT Analysis
Figure 34 Takasago International Corporation: Company Snapshot
Figure 35 Takasago International Corporation: SWOT Analysis
Figure 36 Frutarom: Company Snapshot
Figure 37 Mane: Company Snapshot
Figure 38 Robertet SA: Company Snapshot
Figure 39 Sensient Technologies Corporation: Company Snapshot
Figure 40 Sensient Technologies Corporation: SWOT Analysis
Figure 41 T. Hasegawa Co., Ltd.: Company Snapshot

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