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Natural Aroma Chemicals Market Share

Report ID: GMI5218
Published Date: Feb 2022
Report Format: PDF

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Natural Aroma Chemicals Market Share

Global natural aroma chemical industry share is a fragmented market owing to the presence of various global companies regulating industry growth. Some of the key players in the market include

BASF SE
Robertet Group
Mane
Ennolys
Natural Advantage
Advanced Biotech
Oamic Ingredients
Elan Chemical Company
Prinova Group
Vigon International Inc.

The key players in the market are mainly focusing on new product launches, acquisition, and expansion in developing and developed economies to capture a good market share.

In June 2021, BASF SE launched two new products including Spongolit pure 10, a clean-label and premium natural aroma that enhances the texture of cakes and Lamequick, which improves taste and texture of desserts, whipping creams, and ice creams.

In December 2021, Ennolys signed agreement with Afyren, manufacturer of natural, low carbon products. This agreement helps company to offer their customers quality natural ingredients and capture more market in various regions.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

Global natural aroma chemicals market size for flavors industry exceeded $280 million in 2020 and is projected to register a CAGR of 7% over 2021-2027.

Natural acetic acid will capture a large share of the global natural aroma chemicals market for flavors industry by 2027 as the acid is widely used as a masking ingredient and taste modulator.

The beverage sector applications will hold a sizeable share of the global natural aroma chemicals market for flavors industry by 2027 as the chemicals can enhance the aroma & color of the drinks and offer them a unique taste and flavor.

Europe natural aroma chemicals market for flavors industry size accounted for over 2.3 kilo tons of the overall market share in 2020 due to the rapid expansion of the region’s food & beverage sector.