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Aroma Ingredients Market to reach a market size of $15.4 billion by 2025

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According to a new report Global Aroma Ingredients Market, published by KBV Research, The Global Aroma Ingredients Market size is expected to reach $15.4 billion by 2025, rising at a market growth of 5.2% CAGR during the forecast period. The Europe market dominated the Global Aroma Ingredients Market by Region in 2018, thereby, achieving a market value of $5,162.5 million by 2025, growing at a CAGR of 4.1 % during the forecast period. The North America market is expected to witness a CAGR of 4.4% during (2019-2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 7.1% during (2019-2025).

Based on Type, the Synthetic Ingredients market dominated the Global Aroma Ingredients Market by Type 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $9,056 million by 2025, growing at a CAGR of 4.6 % during the forecast period. The Natural Ingredients market is expected to witness a CAGR of 6.2% during (2019-2025).

The Homecare market dominated the Global Aroma Ingredients Market by Application 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $6,241.8 million by 2025, growing at a CAGR of 4.6 % during the forecast period. The Personal care market is expected to witness a CAGR of 4.8% during (2019-2025). Additionally, The Fine Fragrances & Perfumes market is expected to witness highest CAGR of 6.3% during (2019-2025).

The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Kao Corporation and BASF SE are some of the forerunners in the Aroma Ingredients Market. BASF has launched Euperlan® OP White and Cegesoft® Peel, two new ingredients for fulfilling the demands of personal care market. Kao introduced high-end Eau de Parfum and Eau de Toilette luxury collection from Molton Brown in order to enhance luxury fragrance collection.

Full Report: https://www.kbvresearch.com/aroma-ingredients-market/

Companies such as Givaudan S.A., Symrise AG, Firemenich S.A., International Flavors & Fragrances, Inc., Takasago International Corporation, Mane S.A., and Sensient Technologies Corporation are some of the key innovators in Aroma Ingredients Market. Firmenich came into partnership with Nelixia for producing natural ingredients in Central America. IFF has collaborated with Yellowstone Forever in order to launch a new ‘Living Floral’ collection of Fragrance Tonics and Moisturizing Oils extracted from plant species at Yellowstone National Park. Mane has collaborated with Crafting Beauty for recreation of “l’Eau Noire”, the fragrance.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mane S.A., Givaudan S.A., Symrise AG, Takasago International Corporation, International Flavors & Fragrances Inc., Firmenich S.A., Kao Corporation, Robertet S.A., Sensient Technologies Corporation and BASF SE.

Recent Strategies Deployed in Aroma Ingredients Market

» Product Launches and Expansions:

Sep 2019 – Kao introduced high-end Eau de Parfum and Eau de Toilette luxury collection from Molton Brown in order to enhance luxury fragrance collection.
Aug 2019 – Firmenich has opened a new first Fine Fragrance Atelier in Latin America for expanding its footprint in fragrances business.
Aug 2019 – Symrise has opened a new application laboratory in Germany for developing cosmetic ingredients.
June 2019 – Givaudan has opened a new innovation center in Switzerland focusing on creating flavors and fragrances solutions.
May 2019 – IFF has opened a new L’Atelier du Parfumeur in order to expand its global reach to Grasse, France.
May 2019 – Kao expanded its reach to Indonesia by opening a new joint venture company named after PT Apical Kao Chemicals in order to enhance its chemical business.
Mar 2019 – Symrise has launched SymLite® G8, plant based ingredient for cosmetic markets.
Mar 2019 – Givaudan has launched Sensityl, a sustainable concentrate of marine biotechnology for cosmetics whose fragrance can influence the mood of the customers positively.
Feb 2019 – BASF has expanded its reach to Nigeria by opening a new application technology laboratory for developing personal care solutions for African people.
Nov 2018 – BASF has launched Euperlan® OP White and Cegesoft® Peel, two new ingredients for fulfilling the demands of personal care market.
Sep 2018 – Mane has launched a new fragrance development center in New Jersey for expansion of its business.
Apr 2018 – BASF has introduced new ingredients Polymer Rheocare® XGN and Tinosorb® S Lite Aqua, two new personal care ingredients which helps in protecting hair and skin.
Apr 2018 – Mane has established a new manufacturing facility in Colombia focusing on fragrances.
Mar 2016 – Sensient has expanded its reach to Singapore by establishing a new innovation center for fragrances, flavors, and specialty ingredients.
Nov 2015 – Takasago has established a new office in Dubai for expanding its footprint.
Jun 2015 – Sensient has established a new manufacturing facility in Illinois in order to enhance its production capacity in fragrances and flavors.

» Acquisitions:

Aug 2019 – Givaudan has acquired Fragrance Oils for enhancing the fragrances solutions for personal care, fine fragrances and home care applications.
May 2019 – Symrise has taken over Cutech for cosmetic ingredients and finished formulations.
May 2019 – Givaudan has taken over Albert Vieille in order to expand the natural ingredients for fragrances.
Dec 2018 – IFF has acquired three personal care ingredients from Kemin Industries in order to strengthen and expand the product portfolio of fragrances products; these three ingredients are: Lysofixâ„¢, an easy-to-use and cold-process lysophospholipid emulsifier, XFoliPEARL, and MicroCurb.
Nov 2018 – Firmenich has acquired Senomyx for the development of fragrance solutions.
Jan 2016 – Takasago has acquired Centre Ingredient Technology for enhancing its business capabilities in flavors and fragrances.

» Partnerships, Collaborations and Agreements:

Apr 2019 – IFF has collaborated with Yellowstone Forever in order to launch a new ‘Living Floral’ collection of Fragrance Tonics and Moisturizing Oils extracted from plant species at Yellowstone National Park.
Feb 2019 – Symrise has teamed up with Probi for developing for development of probiotic based cosmetic ingredients.
Jun 2018 – Firmenich came into partnership with Nelixia for producing natural ingredients in Central America.
Mar 2018 – Mane has collaborated with Crafting Beauty for recreation of “l’Eau Noire”, the fragrance.

Global Aroma Ingredients Market Segmentation

By Type

Natural Ingredients
Synthetic Ingredients

By Application

Homecare
Personal care
Fine Fragrances & Perfumes
Others

By Geography

North America

US
Canada
Mexico
Rest of North America

Europe

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
India
South Korea
Singapore
Malaysia
Rest of Asia Pacific

LAMEA

Brazil
Argentina
UAE
Saudi Arabia
South Africa
Nigeria
Rest of LAMEA

Companies Profiled

Mane S.A.
Givaudan S.A.
Symrise AG
Takasago International Corporation
International Flavors & Fragrances Inc.
Firmenich S.A.
Kao Corporation
Robertet S.A.
Sensient Technologies Corporation and
BASF SE

Aroma Ingredients Market Related Reports:

North America Market
Europe Market
Asia Pacific Market
LAMEA Market

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