Europe Aroma Chemicals Market Size to Hit $2.6 Bn by 2026

According to a recent study from market research firm Graphical Research, the Europe aroma chemicals market size is poised to expand at substantial CAGR during the forecast period. The trend for fragrances in personal care and cosmetic products for improving customers’ experience has propelled Europe aroma chemicals market value. With the demand for natural fragrances poised to rise, leading companies are likely to boost their product portfolios. Cosmetics Europe asserts that the retail sales of cosmetics and personal care products garnered around USD 97 billion in 2019. Portfolio expansion of cosmetics and personal care products will be pronounced in the next few years.


End-users have exhibited increased traction for organic products, triggering demand for chemical free products. Amidst evolving consumer preferences, aroma chemicals will spur the trend in in a slew of applications, including beverages, food products, cosmetics, toiletries, detergents and soaps. In terms of revenue, Europe aroma chemicals market is forecast to surpass USD 2.6 billion by 2026.


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With the dynamics of natural fragrances and perfumes gaining traction in Germany, U.K. and France, natural aroma chemicals will continue to be sought-after in end-markets, such as food & beverage, cosmetics & toiletries and soaps & detergents. The natural segment will potentially grow at a robust CAGR of 6.5% through 2026.


While natural aroma chemicals will continue to spur the trend, synthetic aroma chemicals are also expected to be in the mix. Synthetic aroma chemicals provide more dense fragrance vis-à-vis natural aroma chemicals. The Europe aroma chemicals market share from the synthetic segment in Europe is likely to expand at a healthy CAGR of more than 6% between 2020-2026.


Prospect of musk chemicals as a viable aromatic substance has become bullish across Europe. Simply put, musk chemicals have gained popularity as flavorings in cosmetics, perfumes, perfume formulas and soaps.


Given the product roll out in the industry, production of synthetic musk in the personal care industry will propel the revenue stream in the landscape. In terms of value, the industry share from musk chemicals demand could be pegged at USD 140 million by 2026, expanding at more than 6% CAGR.


Industry participants in chemicals, pharmaceuticals and cosmetics sectors have shown inclination towards terpenoids. With the surge in demand for organic aromatic chemicals and food & beverage products, traction for terpenoids will foster across Europe. The market size of the terpenoids segment surpassed USD 900 million in 2019 and will expand robustly in the ensuing period.


With the demand for personal grooming products gaining uptick among men, demand for fine fragrances has surged drastically in the past few years. Europe aroma chemicals market suppliers will count on fine fragrances which are preferably used for improving user experience by providing unique and pleasant odor. The market size from fine fragrances industry is likely to log more than USD 750 million by 2026, partly attributed to heightened awareness pertaining to appearance and personal wellness.


Millennial and gen Z demographics are likely to exhibit traction for cosmetics and toiletries products, including makeup products and skincare products. Palpable use of aromatic beauty cosmetics and body care products will stimulate the product demand. The Europe aroma chemicals market share in industry from cosmetics & toiletries segment is forecast to expand at a strong CAGR of more than 6.5% through 2026.


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Market participants are gearing to gain a competitive edge through mergers & acquisitions and product roll outs. For instance, BASF Nutrition & Health and Isobionics acquired Isobionics in 2019 to develop a technology for biotech-based aroma ingredients. Prominent companies in Europe aroma chemicals industry are Solvay, BASF, Kao Chemicals Europe, PFW Aroma Chemicals BV, International Flavors & Fragrances Inc., and Robertet Group, among others.


Table of Contents (ToC) of the report:


Chapter 1 Methodology & Scope

1.1 Market definitions

1.2 Market assumptions & forecast parameters

1.3 Appendix

1.4 Data Sources

1.4.1 Primary

1.4.2 Secondary


Chapter 2 Executive Summary

2.1 Europe Aroma Chemicals industry summary, 2015 - 2026

2.1.1 Business trends

2.1.2 Source trends

2.1.3 Product trends

2.1.4 Application trends

2.1.5 Country trends


Chapter 3 Europe Aroma Chemicals Industry Insights

3.1 Industry segmentation

3.2 Industry outlook, 2015 - 2026

3.3 Value Chain

3.4 Regulatory overview

3.5 Market factor analysis

3.5.1 Growth drivers

3.5.2 Growth restraints

3.6 Competition review

3.7 Porter’s analysis

3.8 PESTEL analysis

3.9 Impact of COVID-19 on aroma chemicals demand by application


Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1692/europe-aroma-chemicals-market


About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.


Contact Us: Parikhit B. Corporate Sales, Graphical Research Phone: 1-800-986-6917 Email: sales@graphicalresearch.com Web: https://www.graphicalresearch.com

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