Global Aroma Chemicals Market Size & Outlook, 2022-2030
Global aroma chemicals market, 2018-2030 (US$M)
Related Markets
Global aroma chemicals market highlights
- The global aroma chemicals market generated a revenue of USD 7,490.5 million in 2022 and is expected to reach USD 10,874.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.8% by 2030.
- In terms of segment, esters accounted for a revenue of USD 2,278.7 million in 2022.
- Esters is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2022.
- Country-wise, Portugal is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 7,490.5 million |
| Market revenue in 2030 | USD 10,874.3 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Esters |
| Fastest growing segment | Esters |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Esters, Alcohols, Aldehydes, Phenols, Terpenes |
Other key industry trends
- In terms of revenue, the North America accounted for 21.4% of the global aroma chemicals market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Portugal is the fastest growing regional market and is projected to reach USD 23.0 million by 2030.
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Aroma Chemicals Market Scope
Aroma Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global aroma chemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aroma chemicals market will help companies and investors design strategic landscapes.
Esters was the largest segment with a revenue share of 30.42% in 2022. Horizon Databook has segmented the Global aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Aroma Chemicals Product Outlook (Revenue, USD Million, 2018-2030)
- Esters
- Ethyl acetate
- Benzyl Acetate
- Ethyl benzoate
- Methyl Decanoate
- Others
- Alcohols
- Lauryl Alcohol
- Menthol
- Others
- Aldehydes
- Benzaldehyde
- Vanillin
- Others
- Phenols
- Ethylvanillin
- Others
- Terpenes
- Limonene
- Camphor
- Eucalyptol
- Others
- Essential Oils
- Orange
- Limonene
- Myrcene
- Others
- Corn Mint
- Menthol
- Menthone
- Others
- Eucalyptus
- Limonene
- Citral
- Others
- Pepper Mint
- Menthol
- Menthone
- Others
- Lemon
- Pinene
- Limonene
- Camphene
- Citronella
- Citronellal
- Others
- Patchouli
- Patchouli Alcohol
- Others
- Clove
- Eugenol
- Others
- Ylang Ylang
- Lavender
- Linalyl Acetate
- Others
- Others
- Orange
- Oleoresins
- Paprika
- Piperine
- Others
- Black Pepper
- Piperine
- Others
- Turmeric
- Curcumin
- Others
- Ginger
- Gingerol
- Others
- Others
- Paprika
- Others
- Esters
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Target buyers of Global aroma chemicals market databook
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Our clientele includes a mix of aroma chemicals market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global aroma chemicals market , including forecasts for subscribers. This global databook contains high-level insights into Global aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global aroma chemicals market size, by region, 2018-2030 (US$M)
Top 10 countries: Aroma chemicals market size, 2022 (US$M)
Global aroma chemicals market share, by product, 2022 & 2030 (%, US$M)
Aroma chemicals market: Opportunity assessment by country
Global aroma chemicals market, by region, 2022 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 981.8 | 1,030.4 | 1,081.2 | 1,134.1 | 1,195.0 | 1,262.6 | 1,338.7 | 1,424.5 | 1,509.6 | 1,605.6 | 1,694.4 | 1,794.5 | 1,907.4 | 4.9% |
| Europe | 1,504.8 | 1,525.6 | 1,545.8 | 1,565.6 | 1,592.4 | 1,623.4 | 1,660.3 | 1,703.5 | 1,740.1 | 1,783.1 | 1,812.1 | 1,847.2 | 1,888.8 | 2.1% |
| North America | 1,472.4 | 1,502.2 | 1,532.2 | 1,562.3 | 1,600.2 | 1,643.2 | 1,693.2 | 1,750.7 | 1,802.7 | 1,862.6 | 1,909.2 | 1,963.7 | 2,026.5 | 2.9% |
| MEA | 636.7 | 664.1 | 692.6 | 722.3 | 756.7 | 795.0 | 838.4 | 887.3 | 935.4 | 989.8 | 1,039.3 | 1,095.4 | 1,158.7 | 5.1% |
| Asia Pacific | 1,883.6 | 1,988.8 | 2,099.0 | 2,214.3 | 2,346.1 | 2,492.0 | 2,655.9 | 2,840.3 | 3,025.0 | 3,232.7 | 3,427.4 | 3,646.5 | 3,893.0 | 6.3% |
| Overall | 6,479.3 | 6,711.1 | 6,950.8 | 7,198.6 | 7,490.5 | 7,816.1 | 8,186.5 | 8,606.3 | 9,012.8 | 9,473.8 | 9,882.5 | 10,347.3 | 10,874.3 | 4.8% |
Related regional statistics
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