DUBLIN, July 07, 2015 /PRNewswire/ --
Research and Markets(http://www.researchandmarkets.com/research/kd58sh/global_aroma) has announced the addition of the "Global Aroma Chemicals Market 2015-2019" report to their offering.
The Global Aroma Chemical market to grow at a CAGR of 5.51% over the period 2014-2019.
Aroma chemicals are ingredients used to impart fragrance to various end-use products. This market can be segmented into natural and synthetic aroma chemicals. The Global Aroma Chemicals market is expected to witness a healthy growth during the forecast period. It is primarily driven by the demand from companies that manufacture food, soaps and detergents, cosmetics, toiletries, and household products.
The Global Aroma Chemical market can be segmented into two segments based on type: Natural and Synthetic. Natural aroma chemicals are obtained from natural sources, i.e., plants, using processes such as distillation, expression, and extraction. However, synthetic aroma chemicals comprise synthetic aromatic raw materials.
Changing consumer preferences is a major trend that is expected to propel the market growth in the coming years. Middle-class consumers have high purchasing power and are increasingly concerned about personal grooming.
According to the report, consolidation of manufacturers is a key driver, which is contributing to the growth of the market. It has led to the reduction in overhead and marketing expenses and efficient spending on research and development.
Further, the report states that several products and raw materials used in research being expensive is a major challenge hindering the market growth, because of which manufacturers are also incurring heavy expenses.
Key Vendors
- Hindustan Mint and Agro Products
- Kalpsutra Chemicals
- Takasago International
- Veera Fragrances
Other Prominent Vendors
- Agilex Flavors & Fragrances
- Aromatech
- BASF
- Bedoukian Research
- Bell Flavors & Fragrances
- Belmay
- Cargill
- China Flavors & Fragrances
- Comax Flavors
- ConAgra Foods
- CPL Aromas
- David Michael
- Firmenich
- Flavorchem
- Givaudan
- ICC Industries
- Kao
- Kerry Group
- McCormick
- Naturex
- Renessenz
- Robertet
- Royal DSM NV
- Sensient Technologies
- Solvay
- T. Hasegawa
- Takasago International
- Treatt
- Ungerer
- V. Mane Fils
- Vigon International
- Wangxiang International
- WILD Flavors
For more information visit http://www.researchandmarkets.com/research/kd58sh/global_aroma
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
