Размер мирового рынка, прогноз и основные тенденции на 2025-2037 гг.
The aromatic chemicals market size was over USD 6.68 billion in 2024 and is expected to reach USD 12.85 billion by the end of 2037, growing at a CAGR of about 5.3% during the forecast period, i.e., from 2025 to 2037. The aromatic chemicals industry size is estimated to be USD 6.96 billion in 2025.
The market growth can be attributed to the growing personal care and cosmetics industry and rising consumer spending across the globe. For example, the global revenue of the beauty and personal care industry is estimated to be ~US$530 billion as of 2022. Additionally, in the United States, the beauty and personal care industry is estimated to generate ~US$84 billion in 2022. Growing preferences among people to improve and maintain their appearance and good physical attractiveness. Furthermore, rising consumer awareness regarding personal hygiene amidst the increasing prevalence of skin diseases and hygiene-related infections is estimated to drive the market growth during the forecast period. Growing restrictions in the organization to maintain self-care habits at work is also leading to a rise in the purchase of personal care products.
Aroma chemicals are found in various products including seasonings, food, beverages, personal care products, cleaning products, essential oils, air fresheners and other products. The demand for eco-friendly products with minimal carbon footprint is increasing, driving the growth and setting trends in the global aroma chemicals market as well as the major industries themselves. The growing preference of people for sustainable products or products to support or preserve the environment is increasing day by day. The growing demand among people for organic products that are made from renewable products to reduce side effects is projected to drive the growth of the market. Organic products are in high demand as they do not contain synthetic chemicals that are harmful to human health. The combustion or decomposition of these organic products is less harmful as compared to other conventional products that release greenhouse gases into the air.
Сектор ароматических химикатов: драйверы роста и проблемы
Growth Drivers
Problems
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- Global consumer spending is on the rise as disposable income increases . During the pandemic, global spending on fragrance products across all industries has declined, with the exception of those with medicinal properties. As consumer incomes rise and spending returns to pre-pandemic levels, growth can be expected in the global fragrance chemicals market as well. According to the World Bank, per capita gross disposable income worldwide has increased from $10,075 in 2005 to $18,508 in 2021.
- Growing demand for eco-friendly products and growing awareness among people. – A survey showed that more than 65% of people worldwide think about sustainability when shopping.
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- Increasing the use of organic products among people to minimize harm to the environment. - According to research, in the US, organic food was sold for only ~20 billion US dollars in 2010, and reached ~50 billion US dollars in 2020. .
- Growing Use of Cosmetics Among People with a Growing Preference to Look Good – According to a study, more than 295.7 million Americans used deodorant in 2020. The number of deodorant users is expected to increase to about 305 million by 2024.
- Use of Essential Oils and Aromatherapy in Connection with the Rise in Mental Illness . Essential oils and aromatherapy have been used for over a thousand years and their use and practice are currently expanding. Therefore, the market is expected to grow dramatically in the coming years. Over 32% of Americans believe in the benefits of aromatherapy.
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- Health and environmental concerns associated with production and use: Aromatic chemicals are organic compounds that volatilize or evaporate into the air. Volatile organic chemicals (VOCs) emitted by aromatic products can contribute to poor indoor air quality (IAQ) and have been linked to a variety of adverse health effects, including headaches, nausea, dizziness, dementia, and respiratory symptoms.
- Strict government regulations regarding the use of hazardous chemicals.
- High competition among established players and wars related to price differences
Рынок ароматических химикатов: ключевые выводы
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Базовый год |
2024 год |
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Прогнозный год |
2025-2037 гг. |
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Среднегодовой темп роста |
5,3% |
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Размер рынка в базовом году (2024 г.) |
6,68 млрд долларов США |
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Прогнозируемый год Размер рынка (2037 г.) |
12,85 млрд долларов США |
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Региональный охват |
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Сегментация ароматических химикатов
Type (synthetic, natural)
The global fragrance chemicals market is segmented and analyzed for supply and demand based on types: synthetic and natural. Out of these, the synthetic segment is expected to hold the largest market share in 2037. This is due to their vast existence and wide usage in various industries. This is because there are around 500 natural raw materials whereas, as per the data provided, there are over 2000 synthetic elements. Fragrance products are made from synthetic chemicals that imitate the natural odors of fruits and flowers, imparting a sweet and subtle scent to them. Synthetic chemicals are mainly derived from petrochemicals and these types of chemicals are used in the manufacturing industry where perfumes and scented products like soaps, deodorants, toilet cleaners, etc. are manufactured. Synthetic chemicals are cheaper than natural chemicals as they are manufactured artificially. These chemicals can be harmful to humans as they are manufactured from the by-products of petroleum-based substances.
Form (dry, liquid)
The global aroma chemicals market is also segmented and analyzed for demand and supply by form into dry and liquid. Among these two segments, the liquid segment is expected to hold a significant share. Liquids are used in various forms such as perfumes, oils, fragrances, and sprays. The growing concern of people to hide the cost of ordering their body from sweat is also increasing the demand for the liquid aroma chemicals market. Liquids are the main component of aromatherapy. Moreover, aromatherapy is a popular treatment for stress, headaches, and migraines and can help in recovering from depression or anxiety. In addition, pain, heart disease, digestive problems, cold, cough, or any other respiratory ailment can be cured with the help of aromatherapy. China's sales of essential oils, resinoids, perfumes, and toiletries were estimated at US$160,400,900 in 2021, up from a base of US$140,330,300 in 2020. Various plant parts are used to extract essential oils, dissolved in bathing water, and used for massage during aromatherapy. In addition, solid perfumes are very expensive and require more raw materials. Liquid perfumes last longer than solid perfumes and are cheaper.
Our in-depth analysis of the global market includes the following segments:
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By type |
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By products |
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By application |
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By form |
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Настроить этот отчетПромышленность ароматических химикатов - Региональный обзор
North American Market Forecast
The North America aromatic chemicals market is projected to hold the largest market share among all other regions by the end of 2037. The market growth can be attributed mainly to the growing demand for various types of aromatic chemicals. chemical products among various end users and the growing demand for aromatic chemicals. For example, more than 990 million tons of chemical products were shipped through the United States in 2021. Aromatic chemicals are used in the production of perfumes or fragrances. These chemicals are extracted from natural sources through the process of distillation. In addition, many synthetic chemicals are used to prepare aromatic chemicals with natural fragrances or tastes. Air fresheners, room fresheners, cosmetic products such as hair care, skin care and personal care products, soaps, lotions and shampoos contain aromatic chemicals. All these products are in huge demand in the region as the purchasing power of the people is increasing, resulting in high disposable income.
Компании, доминирующие на рынке ароматических химикатов
- ·BASF SE <ул>
- Company overview
- Business strategy
- Main product offerings
- Financial indicators
- Key performance indicators
- Risk analysis
- Latest developments
- Regional presence
- SWOT analysis
- SH Kelkar and Company Private Limited
- Lively
- International Flavors & Fragrances Inc.
- Takasago International Corporation
- Solvay
- Symrise AG
- Robertet
- As Chemicals Europe, SLU
- Bordas Chinchurreta SA Distillations
In the News
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International Flavors and Fragrances Inc. and Evolva, a Swiss biotechnology firm, have entered into a new partnership agreement to further develop and commercialize vanillin.
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BASF SE enters the natural F&F market with the acquisition of Isobionics and a collaboration agreement with biotech research leader Conagen.
Авторы отчета: Rajrani Baghel
- Report ID: 4604
- Published Date: Oct 11, 2024
- Report Format: PDF, PPT
