The aroma chemicals market in India reached a value of US$ 235.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 355.5 Million by 2027, exhibiting a CAGR of 6.9% during 2022-2027, according to the latest report by IMARC Group.
Market Size in 2022: US$ 355.5 Million
Growth Rate: CAGR of 6.9% from 2022 to 2027
Market Outlook: 2022-2027
Aroma chemicals are chemical substances that are used as ingredients in flavors and fragrances. They are highly volatile in nature and are used as an integral component in manufacturing perfumes, toiletries, detergents, fragrance oils, food, wines, and spices. Alcohols, esters, aldehydes, terpenes, and ketones are some of the important aroma chemicals. They are obtained from natural sources, such as fats and oils, and can also be produced synthetically.
Covid-19 Scenario:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The market is primarily driven by the expanding fragrance industry in India. There has been a rise in the demand for natural and niche fragrances that are customizable according to the customers’ preferences. This has resulted in the increasing need for personalized fragrance experiences and exotic scents, which, in turn, is propelling the market growth across India. Moreover, aroma chemicals are utilized in aromatherapy to influence the emotional and psychological wellbeing of individuals.
In addition to this, the introduction of innovative and attractive flavors in the food and beverages industry has significantly influenced the demand for aroma chemicals. Besides this, the increasing consumer awareness regarding hygiene maintenance has increased the sales of cleaning products and toiletries, which use aroma chemicals as a key ingredient. Furthermore, the rising need for natural, plant-based aroma chemicals, along with the adoption of cleaner technologies, such as supercritical fluid and microwave-assisted extraction techniques, is expected to propel the market growth.
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India Aroma Chemicals Market Coverage and Industry Segmentation:
The report cover the below key market segments
Market Breakup by Type:
Natural
Synthetic
Market Breakup by Product:
Benzenoids
Musk Chemicals
Terpenoids
Others
Market Breakup by Application:
Soaps and Detergents
Cosmetics and Toiletries
Fine Fragrances
Others
Market Breakup by Region:
North India
West and Central India
South India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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