How will Europe's Aroma Chemicals Industry Grow? » S4 Network
Fact MR
by on 17. June 2022
71 views

In 2021, Europe's market was valued at US$ 1,810 million, and it is predicted to continue to lead the global market during the forecast period. This is attributed to a rise in fragrance demand in soaps, detergents, and home items in Germany, France, and the United Kingdom. Furthermore, as a result of greater income levels and a higher standard of life, rising consumer expenditure on luxury and premium perfumes may accelerate market expansion in this region.

Germany is the greatest food producer in Europe. Because it aids in the delivery of palatability, the country's food and beverage industry provides several prospects for flavour manufacturers. As a result, regional growth would be favoured in the following years.

Aroma chemicals have been highlighted as a prospective sector in Europe. The aroma chemicals market in the area is growing due to the presence of leading aroma chemical manufacturers as well as different aroma chemical end-user organisations involved in the manufacturing of personal care and household care products.

Between 2022 and 2032, the market for aroma chemicals is predicted to rise at a CAGR of 4.7 percent, from US$ 5,127 million in 2022 to US$ 8,115.52 million in 2032.

For more information about this https://www.factmr.com/report/5374/aroma-chemicals-market

Contact Us:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Website: https://www.factmr.com

 

Post in: Business