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Food Aroma Market Share

Report ID: GMI5441
Published Date: Feb 2023
Report Format: PDF

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Food Aroma Market Share

Major players involved in the food aroma market include

Hindustan Mint and Agro Products
BASF
Takasgo International Corporation Solvay

Many leading companies are increasingly emphasizing on expansion strategies to grow their consumer pools worldwide. For instance, in February 2021, Isobionics, a BASF subsidiary based out of Netherlands, opened a distillation facility for producing new flavors & fragrances at Brightlands Chemelot Campus in Geleen, Netherlands. The new distillation unit will help the company grow its business while catering to the needs of its customers.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of food aroma held a valuation of more than USD 853.3 million in 2023 and is set to expand at 6.1% CAGR from 2024 to 2032, on account of growing demand for ready-to-eat and convenience food products.

The synthetic segment was valued at over USD 530 million in 2022, driven by its less processing time and ability to replicate natural flavors, the segment is likely to foresee more growth.

The industry for food aroma in Europe is anticipated to grow at 6% CAGR during 2023 to 2032, on account of the region’s growing dairy industry.

Some of the major players partaking in the market include Solvay, Aromatech International, Givaudan, and Symrise AG, Hindustan Mint and Agro Products, and Kao Corporation.