Aroma chemicals are used to add a distinct smell or fragrance to a variety of products such as personal care, food, and cosmetics. These chemicals are manufactured from synthetic and natural ingredients and are widely used due to their various properties such as volatility, polarity, surface activity, and stability.
Terpenoids, musk chemicals, and benzenoids are among the aroma chemicals. These chemical substances are primarily used to provide distinct fragrance and enhance the user experience in fine fragrances, cosmetics and toiletries, food and beverages, soaps and detergents, and household products.
These fragrance chemicals are mostly found in household products like cleaners, hand and dishwashing liquids, laundry care and fabric softeners, wipes, and aqueous dyes. Due to the fear of viruses and diseases, consumers are showing interest in healthy and hygienic lifestyles and adopting various healthy and hygienic habits, such as repeatedly washing hands, washing vegetables and fruits, sanitation of outside stuff, and regular cleaning of floors.
The aroma chemicals market is expected to grow at a CAGR of 4.7 percent between 2022 and 2032, rising from $5,127 million in 2022 to $8,115.52 million in 2032.
Drivers & Restraints-
Rising Demand for Product Formulations and Quality to Aid Growth
Aroma chemicals are widely used in household products and cosmetics, including hand washes, lipsticks, gels, shampoos, body lotions, aftershaves, moisturisers, soaps, and others. Manufacturers are working hard to maintain the quality and formulations of these products by incorporating natural scents. As a result, they are rapidly shifting toward organic ingredients.
However, the Environmental Working Group (EWG) stated that approximately 75% of fragrance ingredients hidden in the list provided on labels contain phthalates, which can cause disrupted hormonal activities, breast cancer, reproductive malformation, and sperm count reduction. This factor may limit the growth of the aroma chemicals market in the near future.
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