Europe Aroma Chemicals Market Impressive Growth to Hit USD 2.6 Billion by 2026

Author : Ronak Bora | Published Date : 2021-09-03 

Europe aroma chemicals market has steadily grown in recent years, thanks to the surge in consciousness among people about personal care. These chemicals are famously used in fragrances, essential oils, floral scents and perfumes and are a part of food products, cosmetics, beverages, soaps, detergents and many other articles.

Aromas are made with a variety of synthetic, natural extracts and ingredients. Semi-synthetic ingredients are taken from the natural environment and are used in laboratory processes to produce various perfumes and scents. These ingredients are quite similar in their features to the natural ones and semi-synthetic aromas are cheaper and more readily available as compared to their organic counterparts.

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The trends that will strengthen Europe aroma chemicals market through 2026 are mentioned below:

Musk chemicals will be popular in perfumes:

Musk chemicals will become a popular product for producing perfumes and aromas in Europe. This segment is reported to achieve a valuation of nearly $140 million by 2026 and will grow at a CAGR of 6%. The chemicals have the same properties as those in natural musk pods that are found in the abdomen of a male musk deer. They are widely used in perfumes, soaps and cosmetics. The demand for owning fragrant personal care products and cosmetics is growing among consumers, stimulating the increase in use of musk chemicals.

Natural aromas will gain momentum:

Europe aroma chemicals market share from natural source segment is anticipated to grow at 6.5% CAGR through 2026. An increasing percentage of people are opting for naturally sourced aromas as they do not possess any synthetic chemicals. These fragrances are extracted from natural ingredients like plants and animals and there are no chemical changes made in the overall composition of the extract.

People are moving away from synthetically produced perfumes and aromas because of their potential side-effects on health like skin reactions and allergies. Some chemicals may even cause cancer or other severe skin diseases in the future, thereby creating demand for natural aromas.

Cosmetics and toiletries will create most demand for aromatics:

Europe aroma chemicals market share from cosmetics and toiletries segment will expand at more than 6.5% CAGR through 2026. Personal care products like skincare, perfumes and cosmetics while toiletries like soaps and shampoos are produced using both natural and synthetic aromas. These fragrances help keep bad body odor at bay and enrich the overall customer experience as well. According to the statistics released by Cosmetics Europe, personal care and cosmetic products generated a retail sale of nearly $97 billion in 2019 alone.

Use of terpenoids will rise in pharmaceutical products:

Terpenoids segment reached a valuation of $900 million in 2019. Terpenoids or isoprenoids is a natural chemical that is extracted from terpenes and isoprene. It finds wide usage in industries like pharmaceutical, cosmetics and chemical as it adds pleasant aroma to the products. The growing preference of consumers to use organic products containing natural components will raise the demand for terpenoids.

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The male population in Europe is adopting grooming products at a high rate due to rise in awareness about the importance and benefits of self-care. This has positively impacted regional aroma chemicals industry as men’s grooming products are being manufactured using different masculine scents to enhance the overall customer experience. Reputed companies that deal in manufacturing Europe aroma chemicals market are MANE, BASF SE, Kao Chemicals Europe, International Flavors & Fragrances Inc., Robertet Group, Solvay and many 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 market 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

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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