Aroma Chemicals Revenue Analysis from 2015 to 2021 vs. Future Outlook 2022-2032

The aroma chemicals market is expected to grow at a CAGR of 4.7 percent between 2022 and 2032, rising from $5,127 million in 2022 to $8,115.52 million in 2032.Fragrance compositions have used approximately 3000 different types of molecules. Aroma chemicals are used in a wide range of applications, the most common being fine fragrance, cosmetics, and toiletries.

They have also been used as odorizers throughout history to add fragrance to odourless substances that can be dangerous, such as natural gas, propane, and so on. The global aroma chemicals market was worth $5.1 billion in the past (2015-2021).

The market is expected to grow at a CAGR of 4.7 percent over the next few decades, driven by consumer demand for natural-based products over synthetic chemicals, as well as a shift in consumer preference for fragrances and exotic scents. Rising demand from the fragrance and food and beverage industries, as well as rising consumer spending, will drive the overall market size over the forecast period (2022-2032).

The aroma chemicals market is expected to grow at a CAGR of 4.7 percent between 2022 and 2032, rising from $5,127 million in 2022 to $8,115.52 million in 2032.

 

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