Middle East and Africa Aroma Ingredients Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Synthetic and Natural) and Application (Air Care, Cleaning and Sanitization, Personal Care and Cosmetics, Fine Fragrances and Perfumes, and Others)
The aroma ingredients market in the Middle East & Africa is expected to grow from US$ 319.74 million in 2021 to US$ 463.89 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2021 to 2028.
The use of aroma ingredients in the pharmaceuticals & nutraceuticals industries has increased in the past few years. The COVID-19 outbreak has led to an increased focus on the pharmaceuticals industry. Essential oils, which provide a soothing fragrance, reduce stress, and treat fungal infections, are increasingly used in various pharmaceutical products for their healing properties. Lavender oil, mainly used for its fragrance, helps with stress and pain relief and induces sleep. Essential oils enhance natural skin penetration in transdermal drug delivery and exhibit therapeutic aroma properties. Essential oils and their aroma components have shown cancer suppressive activities when tested on a few human cancer cell lines, including glioma, colon cancer, gastric cancer, human liver tumor, pulmonary tumors, breast cancer, and leukemia. Thus, the continuous growth of the pharmaceuticals industry and developments in the application of aroma ingredients in therapeutics will provide growth opportunities to the aroma ingredients market players in the coming years.
With these new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa aroma ingredients market at a substantial CAGR during the forecast period.
Middle East & Africa Aroma Ingredients Market Revenue and Forecast to 2028 (US$ Million)
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Middle East & Africa Aroma Ingredients Market Segmentation
The Middle East & Africa aroma ingredients market is segmented on the basis of type, application, and country. Based on type, the market is segmented into synthetic and natural. In 2020, synthetic segment held the largest share in the market, natural is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into air care, cleaning and sanitization, personal care and cosmetics, fine fragrances and perfumes, and others. In 2020, cleaning and sanitization segment held the largest share in the market, personal care and cosmetics is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into South Africa, Saudi Arabia, the UAE, and Rest of MEA. In 2020, South Africa held the largest share in the market, and the UAE is expected to be the fastest growing country during the forecast period.
Takasago International Corporation; BASF SE; FIRMENICH SA; Givaudan; International Flavors & Fragrances Inc.; Robertet Group; Symrise; MANE; and Phoenix Aromas & Essential Oils, LLC are among the leading companies in the Middle East & Africa aroma ingredients market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection
3.2.2 Primary Interviews
3.2.3 Hypothesis Formulation
3.2.4 Macro-economic Factor Analysis
3.2.5 Developing Base Number
3.2.6 Data Triangulation
3.2.7 Country Level Data
4. Middle East & Africa Aroma Ingredients Market Landscape
4.1 Market Overview
4.2 Porter's Five Force Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Suppliers
4.2.3 Bargaining Power of Buyers
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Expert Opinion
4.4 Ecosystem Analysis
5. Middle East & Africa Aroma Ingredients Market — Key Market Dynamics
5.1 Market Drivers
5.1.1 Burgeoning Demand from Personal Care and Cosmetic Industry
5.1.2 Diversified Applications of Aroma Ingredients
5.2 Market Restraints
5.2.1 Binding Regulations on Synthetic Aroma Ingredients
5.3 Market Opportunities
5.3.1 Raising Expansion of Pharmaceuticals Industry
5.4 Future Trends
5.4.1 Broadening Innovations in Raw Materials and Production Processes
5.5 Impact Analysis of Drivers and Restraint
6. Middle East & Africa Aroma Ingredients Market Analysis
6.1 Middle East & Africa Aroma Ingredients Market Overview
6.2 Middle East & Africa Aroma Ingredients Market –Revenue and Forecast to 2028
7. Middle East & Africa Aroma Ingredients Market Analysis – By Product Type
7.1 Overview
7.2 Middle East & Africa Aroma Ingredients Market, By Product Type (2020 and 2028)
7.3 Synthetic:
7.3.1 Overview
7.3.2 Synthetic: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Natural:
7.4.1 Overview
7.4.2 Natural: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Aroma Ingredients Market Analysis – By Application
8.1 Overview
8.2 Middle East & Africa Aroma Ingredients Market, By Application (2020 and 2028)
8.3 Air Care:
8.3.1 Overview
8.3.2 Air Care: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Cleaning and Sanitization:
8.4.1 Overview
8.4.2 Cleaning and Sanitization: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Personal Care and Cosmetics:
8.5.1 Overview
8.5.2 Personal Care and Cosmetics: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
8.6 Fine Fragrances and Perfumes
8.6.1 Overview
8.6.2 Fine Fragrances and Perfumes: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
8.7 Others
8.7.1 Overview
8.7.2 Others: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Aroma Ingredients Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa: Aroma Ingredients Market, by Key Country
9.1.1.1 South Africa: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Aroma Ingredients Market, by Product Type
9.1.1.1.2 South Africa: Aroma Ingredients Market, by Application
9.1.1.2 Saudi Arabia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Aroma Ingredients Market, by Product Type
9.1.1.2.2 Saudi Arabia: Aroma Ingredients Market, by Application
9.1.1.3 UAE: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Aroma Ingredients Market, by Product Type
9.1.1.3.2 UAE: Aroma Ingredients Market, by Application
9.1.1.4 Rest of MEA: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Aroma Ingredients Market, by Product Type
9.1.1.4.2 Rest of MEA: Aroma Ingredients Market, by Application
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
10.4 Merger and Acquisition
11. Company Profiles
11.1 Takasago International Corporation
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 BASF SE
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 FIRMENICH SA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Givaudan
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 International Flavors & Fragrances Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Robertet Group
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Symrise
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 MANE
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Phoenix Aromas & Essential Oils, LLC
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 3. South Africa Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 4. Saudi Arabia Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 5. Saudi Arabia Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. UAE Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 7. UAE Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 8. Rest of MEA Aroma Ingredients Market, by Product Type – Revenue and Forecast to 2028 (USD Million)
Table 9. Rest of MEA Aroma Ingredients Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Aroma Ingredients Market Segmentation
Figure 2. Middle East & Africa Aroma Ingredients Market Segmentation – By Country
Figure 3. Middle East & Africa Aroma Ingredients Market Overview
Figure 4. Middle East & Africa Aroma Ingredients Market, By Product Type
Figure 5. Middle East & Africa Aroma Ingredients Market, By Country
Figure 6. Middle East & Africa Aroma Ingredients Market, Industry Landscape
Figure 7. Porter's Five Forces Analysis
Figure 8. Expert Opinion
Figure 9. Middle East & Africa Aroma Ingredients Market – Ecosystem Analysis
Figure 10. Middle East & Africa Aroma Ingredients Market Impact Analysis of Drivers and Restraints
Figure 11. Middle East & Africa Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Middle East & Africa Aroma Ingredients Market Revenue Share, By Product Type (2020 and 2028)
Figure 13. Synthetic: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Natural: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Middle East & Africa Aroma Ingredients Market Revenue Share, By Application (2020 and 2028)
Figure 16. Air Care: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Cleaning and Sanitization: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Personal Care and Cosmetics: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Fine Fragrances and Perfumes: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Others: Aroma Ingredients Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Geographic Overview of Middle East & Africa Aroma Ingredients Market
Figure 22. Middle East & Africa: Aroma Ingredients Market Revenue Share, by Key Country (2020 and 2028)
Figure 23. South Africa: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. Saudi Arabia: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. UAE: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
Figure 26. Rest of MEA: Aroma Ingredients Market –Revenue and Forecast to 2028 (US$ Million)
- Takasago International Corporation
- BASF SE
- FIRMENICH SA
- Givaudan
- International Flavors & Fragrances Inc.
- Robertet Group
- Symrise
- MANE
- Phoenix Aromas & Essential Oils, LLC
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Middle East & Africa aroma ingredients market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa aroma ingredients market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the aroma ingredients market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution