Latin America Aroma Chemicals Market Size & Outlook
Latin America aroma chemicals market, 2018-2030 (US$M)
Related Markets
Latin America aroma chemicals market highlights
- The Latin America aroma chemicals market generated a revenue of USD 1,195.0 million in 2022.
- The market is expected to grow at a CAGR of 6% 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, Brazil is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,195.0 million |
| Market revenue in 2030 | USD 1,907.4 million |
| Growth rate | 6% (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, Latin America region accounted for 16.0% 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 |
|---|
Latin America 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 29.82% in 2022. Horizon Databook has segmented the Latin America aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.
The Central & South America market is led by Brazil and is anticipated to grow remarkably owing to the increasing demand for food & beverages, personal care, and cosmetic products in the region. Constant changes in the consumer trends and lifestyles are driving growth for personal care & cosmetics market.
The fragrance segment in Brazil is dominated by soap & detergents market in terms of revenue. Consumers in the local areas are reluctant to purchase new products. However, they are willing to spend more on fine fragrances, which is expected to drive the aroma chemical market in Brazil over the forecast period.
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Target buyers of Latin America 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America aroma chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America aroma chemicals market size, by country, 2018-2030 (US$M)
Latin America Aroma Chemicals Market Outlook Share, 2022 & 2030 (US$M)
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