The report forecasts the global aroma chemicals market to grow at a CAGR of 5.42% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global aroma chemicals market for 2017-2021. To calculate the market size, the report considers the sales of different types of aroma chemicals used in soaps and detergents, cosmetics and toiletries, fine fragrances, household products, food and beverages, and other application segments in key regions.
The latest trend gaining momentum in the market is surge in demand for natural aroma chemicals. Health problems such as allergies, skin problems, migraines, eczema, and carcinogenic effects are on the rise due to the increase in the use of fragrance and aroma products derived from the synthetic sources. Around 90% of the synthetic aroma chemicals are derived from petroleum and natural gas.
According to the report, one of the major drivers for this market is change in consumer preferences. The study of perception and consumer buying behavior is one the key factor in analyzing the performance and growth perspective of an industry. The consumer behavior indicates how individuals and organization select, use, and dispose the goods or services.
Further, the report states that one of the major factors hindering the growth of this market is high R&D cost. Aroma chemicals are crucial for manufacturing many products. Though the cost of raw materials is high, manufacturers are under pressure to spend more on R&D to improve the products and retain existing customers. Changing consumer preferences is affecting the global aroma chemicals market, which requires manufacturers to develop new and interesting solutions to cater to the customer's needs. The certification process that ensures the quality and safety of the product is also an expensive procedure. Therefore, the high R&D costs involved in the aroma chemicals market is a challenge to the vendors in the market.
- S H Kelkar And Company
- Kao Corporation
- Takasago International Corporation
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by chemical type
Part 07: Market segmentation by application
Part 08: Geographic segmentation
Part 09: Market drivers
Part 10: Impact of drivers
Part 11: Market challenges
Part 12: Impact of drivers and challenges
Part 13: Market trends
Part 14: Vendor landscape
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/gj26sg/global_aroma
Research and Markets
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SOURCE Research and Markets