Market Snapshot:
Aroma Ingredient is a term for ingredient labeling used to identify that the product which contains material or the combination of materials normally added to a cosmetic to mask or to produce a particular flavor. Aromatic ingredients help to overcome the odor problem in several beauty products. Numerous technical advancements are being done in the process of extraction of aroma ingredients along with other types of development techniques to boost this market growth. The demand for synthetic ingredients is growing in various applications due to low cost and easy availability of it. Moreover, synthetic ingredients are consistent in price and quality, unlike other natural ingredients. Hence there is a growing demand in the aroma ingredients market for products in personal care industry.
Market Drivers
- Increasing Adoption of Aromatherapy
- Growing Adoption in Cosmetic and Food & Beverage Industry
- Increasing Demand for Natural Aroma Ingredients
Market Trend
- Growing Demand for Flavors and Fragrances Product Vertical
Restraints
- High Production Cost Associated With Aroma Products
Opportunities
Increasing Applications in the Pharmaceutical Industry and Rising Demand of Natural Ingredients
Vendors Covered in the Study are:
Symrise (Germany), Takasago International Corporation (Japan), Sensient Technologies Corporation (United States), MANE (France), Robertet SA (France), T. Hasegawa Co., Ltd. (Japan), Frutarom (Israel), Givaudan (Switzerland), Firmenich SA (Switzerland) and International Flavors & Fragrances Inc. (United States)
Industry Insights:
In December 2018, Firmenich is set to acquire Natural Flavors, Inc., a privately-held manufacturer of high-quality organic certified natural flavors.
What can be explored with Aroma Ingredient study:
Where Aroma Ingredient industry stands in scaling its end use implementations
What concrete benefits would result from scaled initiatives by Vendors
Where Vendors should focus their investments cycle
Key success factors and recommendations for upscaling future growth.
Target Market / Country and Key Business Segments
Available Customization:
List of players that can be included in the study on immediate basis are Bel Flavors & Fragrances (United States), Huabao (Hong Kong), Ogawa & Co., Ltd (Japan) and Solvay (Belgium).