Europe Aroma Chemicals Market Size & Outlook, 2022-2030
Europe aroma chemicals market, 2018-2030 (US$M)
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Europe aroma chemicals market highlights
- The Europe aroma chemicals market generated a revenue of USD 1,592.4 million in 2022.
- The market is expected to grow at a CAGR of 2.2% 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, Germany is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,592.4 million |
| Market revenue in 2030 | USD 1,888.8 million |
| Growth rate | 2.2% (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, Europe region accounted for 21.3% 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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Europe 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 29.72% in 2022. Horizon Databook has segmented the Europe aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.
Europe emerged as the significantly growing market for aroma chemicals and is estimated to grow at a CAGR of 3.1% in terms of revenue over the forecast period. Aroma chemicals market in Europe is growing due to high growth in personal care & cosmetics market along with a surge in the adoption of natural aroma chemicals in various applications such as soaps & detergents and beverages industry.
Germany has emerged as the largest key contributor for the European aroma chemicals market and is anticipated to dominate the region over the forecast period due to wide utilization of aroma chemicals in personal care & cosmetic products.
Owing to the popularity of social media, the local players in cosmetics market are getting a platform to reach the global audience. Some cosmetic brands became popular on social media and have also been taken over by established market players in Europe.
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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 continent-level data and insights on the Europe aroma chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Europe aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe aroma chemicals market size, by country, 2018-2030 (US$M)
Europe Aroma Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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