The aroma chemicals market is expected to grow from US$6.151 billion in 2025 to US$7.910 billion in 2030, at a CAGR of 5.16%.
Aroma chemicals refer to chemicals having pleasant and distinct odors and are added to products to enhance their fragrances. Such chemicals are either natural-based driven from plants through distillation or made in laboratories. Owing to their ability for imparting varied flavor scents and fragrances such chemicals have high applicability in cosmetics & personal care as well as food & beverage products, however, they find major use in various cosmetic products. With the rapid growth in the urban population coupled with improvement in living standards, the demand for cosmetics is also expected to increase. For instance, according to the data provided by World Bank, in 2021, the global urban population held 57% the percentage share of the global population which showed an increase of 4% in comparison to 2014’s urban population. Furthermore, the growing product innovation is expected to take the market in a new direction.
Aroma chemicals have high applicability in various cosmetics and personal products such as lotions, perfumes, and shampoos among others to provide pleasant fragrances and distinctive scents. With rapid urbanization and an increase in disposable income, the consumption scale of consumer products such as cosmetics has increased over the years. For instance, according to the annular report of Shishido, in 2021, the company’s global cosmetics sales saw an increase of 12.4% in comparison to 2020’s sales volume with major segments such as skincare showing major growth. Also, according to the annual report of L’Oreal, in 2021, the sales of the active cosmetics segment of the company saw a 30.3% growth in comparison to 2020. Furthermore, as per the annual report of Unilever, in 201, the company reported an increase of 3.8% in the global sales of its beauty & personal care products. With such an increase in cosmetics & personal care products, the demand and scope of usage of aroma chemicals are projected to increase, thereby boosting the aroma chemicals market growth during the forecast period.
Based on source type, the aroma chemicals market is segmented into natural and synthetic sources. The natural source segment is expected to grow at a relatively higher rate during the forecast period of the aroma chemicals market. The natural aroma chemicals are driven from plant parts which include flowers, seeds, wood, leaves, fruits, and peels. Such chemicals in comparison to the synthetic source have low toxicity levels, and higher mood-enhancing properties, and since they are naturally driven, so they cause little to less skin or allergic reactions. The growing awareness of natural and organic ingredients in cosmetics & personal care products is expected to boost the demand for natural aroma chemicals in the future, thereby stimulating the segment as well as the overall market growth of aroma chemicals during the forecast period.
| Report Metric | Details |
|---|---|
| Study Period | 2021 to 2031 |
| Historical Data | 2021 to 2024 |
| Base Year | 2025 |
| Forecast Period | 2026 – 2031 |
| Report Metric | Details |
| Aroma Chemicals Market Size in 2025 | US$6.151 billion |
| Aroma Chemicals Market Size in 2030 | US$7.910 billion |
| Growth Rate | CAGR of 5.16% |
| Study Period | 2020 to 2030 |
| Historical Data | 2020 to 2023 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Forecast Unit (Value) | USD Billion |
| Segmentation |
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| Geographical Segmentation | North America, South America, Europe, Middle East and Africa, Asia Pacific |
| List of Major Companies in Aroma Chemicals Market |
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| Customization Scope | Free report customization with purchase |
The aroma chemicals market is analyzed into the following segments: