Asia Pacific Aroma Chemicals Market Size & Outlook
Asia Pacific aroma chemicals market, 2018-2030 (US$M)
Related Markets
Asia Pacific aroma chemicals market highlights
- The Asia Pacific aroma chemicals market generated a revenue of USD 2,346.1 million in 2022.
- The market is expected to grow at a CAGR of 6.5% from 2023 to 2030.
- In terms of segment, esters was the largest revenue generating product in 2022.
- Esters is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 2,346.1 million |
| Market revenue in 2030 | USD 3,893.0 million |
| Growth rate | 6.5% (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 |
| Key market players worldwide | Basf SE, Takasago International Corp, Kao Corp, Givaudan SA, Symrise AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 31.3% of the global aroma chemicals market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,893.0 million by 2030.
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Aroma Chemicals Market Scope
Aroma Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 30.57% in 2022. Horizon Databook has segmented the Asia Pacific aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific emerged as one of the prominent revenue generating markets for aroma chemicals. Asia Pacific constituted a major share of aroma chemicals market owing to high domestic consumption in countries such as China and India. Many opportunities due to low cost of raw materials and availability of labor are expected to drive market growth in the Asia Pacific region during the forecast period.
Moreover, the increasing demand for flavors and fragrances from the developing countries is triggering the demand for aroma chemicals in the region. The market for flavors varies in different countries according to the different taste preferences of consumers.
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Target buyers of Asia Pacific 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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific aroma chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific aroma chemicals market size, by country, 2018-2030 (US$M)
Asia Pacific Aroma Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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