The global aroma chemical based flavor and fragrance market is expected to reach an estimated $30.1 billion by 2028 with a CAGR of 5.8% from 2023 to 2028 according to the “Aroma Chemical based Flavor and Fragrance Market: Trends, Opportunities and Competitive Analysis 2023-2028” report by ResearchAndMarkets.com.

The analyst forecasts that terpenoids will remain the largest segment over the forecast period due to increasing usage in cosmetic and food and flavoring sector owing to its medicinal properties, such as anti-carcinogen, antimicrobial and antiseptic.

Asia-Pacific will continue to be the largest region due to the growing income levels along with improving standard of living and increasing consumer spending on luxury and premium fragrances in this region.

Report: Aroma Chemical based Flavor and Fragrance Market: Trends, Opportunities and Competitive Analysis 2023-2028

The future of the aroma chemical based flavor and fragrance market looks promising with opportunities in the food & beverage, fine fragrance, cosmetic & toiletries, and soap & detergent markets. The global aroma chemical based flavor and fragrance market is expected to reach an estimated $30.1 billion by 2028 with a CAGR of 5.8% from 2023 to 2028. The major drivers for this market increasing inclination towards natural and bio-based chemicals and growing demand for cosmetics and personal care products, such as creams, facemasks, peels, and others owing to changes in lifestyles and rise in the per-capita disposable income.

FAQs

Q1. What is the aroma chemical based flavor and fragrance market size?
Answer: The global aroma chemical based flavor and fragrance market is expected to reach an estimated $30.1 billion by 2028.

Q2. What is the growth forecast for aroma chemical based flavor and fragrance market?
Answer: The global aroma chemical based flavor and fragrance market is expected to grow with a CAGR of 5.8% from 2023 to 2028.

Q3. What are the major drivers influencing the growth of the aroma chemical based flavor and fragrance market?
Answer: The major drivers for this market increasing inclination towards natural and bio-based chemicals and growing demand for cosmetics and personal care products, such as creams, facemasks, peels, and others owing to changes in lifestyles and rise in the per-capita disposable income.

Q4. What are the major segments for aroma chemical based flavor and fragrance market?
Answer: The future of the aroma chemical based flavor and fragrance market looks promising with opportunities in the food & beverage, fine fragrance, cosmetic & toiletries, and soap & detergent markets.

Q5. Who are the key aroma chemical based flavor and fragrance companies?
Answer: Some of the key aroma chemical based flavor and fragrance companies are as follows:

• BORDAS S.A
• BASF SE
• DSM
• International Flavors & Fragrances
• Symrise
• Givaudan
• Solvay
• Takasago International Corporation

Q6. Which aroma chemical based flavor and fragrance segment will be the largest in future?
Answer: The analyst forecasts that terpenoids will remain the largest segment over the forecast period due to increasing usage in cosmetic and food and flavoring sector owing to its medicinal properties, such as anti-carcinogen, antimicrobial, and antiseptic.

Q7. In aroma chemical based flavor and fragrance market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the growing income levels along with improving standard of living and increasing consumer spending on luxury and premium fragrances in this region.

Q8. Do we receive customization in this report?
Answer: Yes, the analyst provides 10% Customization Without any Additional Cost.