According to the research report titled ‘Asia Pacific Aroma Chemicals Market Forecast 2027 By Source, By Product, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific aroma chemicals market is estimated to exceed a valuation of USD 2.5 billion by 2027.

Increasing usage of aroma chemicals in skincare, personal care, cosmetics, haircare, & home cleaning applications, growing customer awareness regarding natural as well as organic scents, and the rising trend of keeping healthy lifestyle & environmental conservation are the key factors driving the growth of the Asia Pacific aroma chemicals market.

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For those unaware, aroma chemicals are substances that carry a unique scent to enhance the fragrance of the formulations they are infused with as well as aroma compounds which are volatile and own the potential to disseminate any scent quickly, thus being essential in the production of long-lasting perfumes.

Asia Pacific aroma chemicals market is categorized into product landsacpe, application type, source type, and regional contribution.

Based on source type, the market is fragmented in terms of natural and synthetic segments.

Moving on to the product spectrum, the market is segmented on the basis of benzenoids, musk chemicals, terpenoids, and others. Among these, the benzenoids segment is expected to expand at 6.5% CAGR through 2027, owing to the exceptional product stability and extensive usage in a wide range of cosmetic and personal care products.

As per application scope, the market is further divided into fine fragrances, soaps & detergents, food & beverages, cosmetics & toiletries, household, and others.

Regionally, China captured majority of market share in 202 and is expected to register continuous growth through the forecast timeline owing to rising demand for products such as personal hygiene products amidst the COVID-19 pandemic as well as government initiatives to promote cleanliness and the use of synthetic flavors and perfumes.

International Flavors & Fragrances Inc., Shandong Yingyang Flavors & Fragrances Co. Ltd., Solvay S.A., Robertet Group, Takasago International Corporation, BASF SE, Firmenich SA, Kao Corporation, Symrise AG, Givaudan are some of the major companies operating in the Asia Pacific aroma chemicals market.