Aroma Chemicals Market Size

Aroma Chemicals Market size was over USD 6.31 Billion in 2023 and is projected to exceed USD 12.2 Billion by the end of 2036, growing at over 5.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of aroma chemicals is evaluated at USD 6.61 Billion. The growth of the market can be attributed to the growing personal care and cosmetics industry, along with rising consumer spending worldwide. For instance, the global revenue in the beauty and personal care industry is estimated to be 530 billion USD as of 2022. Also, in the United States, the beauty & personal care industry generated USD 84 billion in 2022. Rising preference among people to improve and maintain personal grooming and good physical appeal. Also, increasing consumer awareness to maintain personal hygiene with the growing prevalence of skin disorders and hygiene-associated infections is estimated to drive market growth during the forecast period. The increasing restrictions in the organization on following grooming habits for work are also rising the purchase of personal care products.

Aroma chemicals are found in a variety of products, including seasonings, food, beverages, personal care products, cleaning products, essential oils, air fresheners, and others. The demand for sustainable products with a minimal carbon footprint is growing, driving the growth and setting trends for the global aroma chemicals market, as well as the larger industries themselves. The growing preference for sustainable goods or products to support or save the environment among people is rising day by day. The rising demand for organic products among people that are made from renewable products to reduce side effects is projected to drive market growth. Organic products are in high demand as they do not contain any synthetic chemicals that damage human health. The combustion or decomposition of these organic products is less harmful compared to other conventional products which release greenhouse gases into the air.