Report : Europe Aroma Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Synthetic and Natural) and Application (Air Care, Cleaning and Sanitization, Personal Care and Cosmetics, Fine Fragrances and Perfumes, and Others)
Personal Care and Cosmetics segment to dominate the Europe Aroma Ingredients Market during 2020–2028
According to a new market research study on “Europe Aroma ingredients market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, and Application” is expected to reach US$ 1,811.44 million by 2028 from US$ 1,358.43 million in 2021. The market is estimated to grow at a CAGR of 4.2% from 2021 to 2028. The report provides trends prevailing in the Europe aroma ingredients market along with the drivers and restraints pertaining to the market growth. Surging innovations in raw materials and production processes, growing demand from personal care and cosmetic industry, and broader applications of aroma ingredients are the major factor driving the growth of the Europe aroma ingredients market. However, rigid regulations on synthetic aroma ingredients hinders the growth of Europe aroma ingredients market.
The Europe aroma ingredients market is segmented on the basis of type, application, and country. Based on type, the market is segmented into synthetic and natural. In 2020, synthetic segment held the largest share in the market, natural is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into air care, cleaning and sanitization, personal care and cosmetics, fine fragrances and perfumes, and others. In 2020, personal care and cosmetics segment held the largest share in the market, it is also expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into Germany, the UK, Italy, France, Russia, and Rest of Europe. In 2020, France held the largest share in the market, and Germany is expected to be the fastest growing country during the forecast period.
Takasago International Corporation; BASF SE; FIRMENICH SA; Givaudan; International Flavors & Fragrances Inc.; Robertet Group; Symrise; MANE; Zhejiang NHU Co., Ltd.; and Phoenix Aromas & Essential Oils, LLC are among the leading companies in the Europe aroma ingredients market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For Instance, Robertet announced the acquisition of Astier Demarest. This investment strengthens its position in aromatic ingredients.
Contact Us
Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@businessmarketinsights.com