Product Code: ETC026569 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines aroma compounds market is estimated to be valued at USD 8.1 million in 2025 and is expected to register a CAGR of 6.8% over the forecast period from 2025 to 2031. This growth can be attributed to the increasing demand for natural flavors, fragrances, and food ingredients in the region coupled with rising population levels and growing consumer spending on personal care products such as perfumes and cosmetics. Additionally, technological advancements in flavor-enhancing technologies are also expected to contribute positively towards this anticipated growth rate during the forecast period
The rapidly growing economy has led to an increase in per capita income leading more people to purchase higher quality fragrant products like perfumes, aftershaves etc., thus driving up sales of aroma compounds. Additionally, fluctuating prices of raw materials has spurred manufacturers towards further research & development activities aiming at cost efficiency and production optimization. Further, growing awareness about health benefits associated with aromatherapy have boosted product innovation & launched new product lines within this segment.
Some prominent players operating within the Philippines aroma compounds market include Givaudan SA; Symrise AG; Firmenich SA; International Flavors & Fragrances Inc.; Takasago International Corporation; Bell Flavors & Fragrances; Robertet Group ; Mane S/A ; Alfrebro LLC amongst others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Aroma compounds Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Aroma compounds Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Aroma compounds Market - Industry Life Cycle |
3.4 Philippines Aroma compounds Market - Porter's Five Forces |
3.5 Philippines Aroma compounds Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.6 Philippines Aroma compounds Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Philippines Aroma compounds Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Aroma compounds Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Aroma compounds Market Trends |
6 Philippines Aroma compounds Market, By Types |
6.1 Philippines Aroma compounds Market, By Source |
6.1.1 Overview and Analysis |
6.1.2 Philippines Aroma compounds Market Revenues & Volume, By Source, 2021-2031F |
6.1.3 Philippines Aroma compounds Market Revenues & Volume, By Natural, 2021-2031F |
6.1.4 Philippines Aroma compounds Market Revenues & Volume, By Synthetic, 2021-2031F |
6.2 Philippines Aroma compounds Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Philippines Aroma compounds Market Revenues & Volume, By Benzenoids, 2021-2031F |
6.2.3 Philippines Aroma compounds Market Revenues & Volume, By Terpenoids, 2021-2031F |
6.2.4 Philippines Aroma compounds Market Revenues & Volume, By Musk Chemicals, 2021-2031F |
6.2.5 Philippines Aroma compounds Market Revenues & Volume, By Other, 2021-2031F |
6.3 Philippines Aroma compounds Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Aroma compounds Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.3.3 Philippines Aroma compounds Market Revenues & Volume, By Fine Fragrances, 2021-2031F |
6.3.4 Philippines Aroma compounds Market Revenues & Volume, By Cosmetics & Toiletries, 2021-2031F |
6.3.5 Philippines Aroma compounds Market Revenues & Volume, By Soaps & Detergents, 2021-2031F |
6.3.6 Philippines Aroma compounds Market Revenues & Volume, By Household, 2021-2031F |
6.3.7 Philippines Aroma compounds Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Aroma compounds Market Import-Export Trade Statistics |
7.1 Philippines Aroma compounds Market Export to Major Countries |
7.2 Philippines Aroma compounds Market Imports from Major Countries |
8 Philippines Aroma compounds Market Key Performance Indicators |
9 Philippines Aroma compounds Market - Opportunity Assessment |
9.1 Philippines Aroma compounds Market Opportunity Assessment, By Source, 2021 & 2031F |
9.2 Philippines Aroma compounds Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Philippines Aroma compounds Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Aroma compounds Market - Competitive Landscape |
10.1 Philippines Aroma compounds Market Revenue Share, By Companies, 2024 |
10.2 Philippines Aroma compounds Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |