Global Aroma Chemicals Market Size & Outlook, 2022-2030

The aroma chemicals industry worldwide is expected to reach a projected revenue of US$ 10,874.3 million by 2030. A compound annual growth rate of 4.8% is expected of the worldwide aroma chemicals industry from 2023 to 2030.
Revenue, 2022 (US$M)
$7,490.5
Forecast, 2030 (US$M)
$10,874.3
CAGR, 2023 - 2030
4.8%
Report Coverage
Worldwide

Global aroma chemicals market highlights

  • The global aroma chemicals market generated a revenue of USD 7,490.5 million in 2022 and is expected to reach USD 10,874.3 million by 2030.
  • The market is expected to grow at a CAGR (2023 - 2030) of 4.8% by 2030.
  • In terms of segment, esters accounted for a revenue of USD 2,278.7 million in 2022.
  • Esters is the most lucrative product segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2022.
  • Country-wise, Portugal is expected to register the highest CAGR from 2023 to 2030.

Global data book summary

Market revenue in 2022USD 7,490.5 million
Market revenue in 2030USD 10,874.3 million
Growth rate4.8% (CAGR from 2022 to 2030)
Largest segmentEsters
Fastest growing segmentEsters
Historical data covered2018 - 2021
Base year for estimation2022
Forecast period covered2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationEsters, Alcohols, Aldehydes, Phenols, Terpenes

Other key industry trends

  • In terms of revenue, the North America accounted for 21.4% of the global aroma chemicals market in 2022.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
  • By country, Portugal is the fastest growing regional market and is projected to reach USD 23.0 million by 2030.

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Aroma Chemicals Market Scope

Aroma chemicals market segmentation & scope
Ethyl acetate
Benzyl Acetate
Ethyl benzoate
Methyl Decanoate
Others
Lauryl Alcohol
Menthol
Others
Benzaldehyde
Vanillin
Others
Ethylvanillin
Others
Limonene
Camphor
Eucalyptol
Others
Essential Oils
Orange
Limonene
Myrcene
Others
Corn Mint
Menthol
Menthone
Others
Eucalyptus
Limonene
Citral
Others
Pepper Mint
Menthol
Menthone
Others
Lemon
Pinene
Limonene
Camphene
Citronella
Citronellal
Others
Patchouli
Patchouli Alcohol
Others
Clove
Eugenol
Others
Ylang Ylang
Lavender
Linalyl Acetate
Others
Others
Oleoresins
Paprika
Piperine
Others
Black Pepper
Piperine
Others
Turmeric
Curcumin
Others
Ginger
Gingerol
Others
Others
Others

Aroma Chemicals Market Companies

Name Profile # Employees HQ Website

Global aroma chemicals market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aroma chemicals market will help companies and investors design strategic landscapes.


Esters was the largest segment with a revenue share of 30.42% in 2022. Horizon Databook has segmented the Global aroma chemicals market based on esters, alcohols, aldehydes, phenols, terpenes covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Aroma Chemicals Product Outlook (Revenue, USD Million, 2018-2030)
    • Esters
      • Ethyl acetate
      • Benzyl Acetate
      • Ethyl benzoate
      • Methyl Decanoate
      • Others
    • Alcohols
      • Lauryl Alcohol
      • Menthol
      • Others
    • Aldehydes
      • Benzaldehyde
      • Vanillin
      • Others
    • Phenols
      • Ethylvanillin
      • Others
    • Terpenes
      • Limonene
      • Camphor
      • Eucalyptol
      • Others
    • Essential Oils
      • Orange
        • Limonene
        • Myrcene
        • Others
      • Corn Mint
        • Menthol
        • Menthone
        • Others
      • Eucalyptus
        • Limonene
        • Citral
        • Others
      • Pepper Mint
        • Menthol
        • Menthone
        • Others
      • Lemon
        • Pinene
        • Limonene
        • Camphene
      • Citronella
        • Citronellal
        • Others
      • Patchouli
        • Patchouli Alcohol
        • Others
      • Clove
        • Eugenol
        • Others
      • Ylang Ylang
      • Lavender
        • Linalyl Acetate
        • Others
      • Others
    • Oleoresins
      • Paprika
        • Piperine
        • Others
      • Black Pepper
        • Piperine
        • Others
      • Turmeric
        • Curcumin
        • Others
      • Ginger
        • Gingerol
        • Others
      • Others
    • Others

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Horizon Databook provides a detailed overview of global-level data and insights on the Global aroma chemicals market , including forecasts for subscribers. This global databook contains high-level insights into Global aroma chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global aroma chemicals market size, by region, 2018-2030 (US$M)

Top 10 countries: Aroma chemicals market size, 2022 (US$M)

Global aroma chemicals market share, by product, 2022 & 2030 (%, US$M)

Aroma chemicals market: Opportunity assessment by country

Global aroma chemicals market, by region, 2022 (US$M)

Global aroma chemicals market size, by region, 2018-2030 (US$M)

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