India Aroma Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India's Aroma Chemicals Market is segmented by Type (Terpenes, Benzenoids, Musk Chemicals, and Other Types) and Application (Soap and Detergents, Cosmetics and Toiletries, Fine Fragrances, Household Products, Food and Beverage, and Other Applications). For each segment, the market sizing and forecasts have been done on the basis of value (USD).

India Aroma Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

India Aroma Chemicals Market Size

India Aroma Chemicals Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 5.48 %
Market Concentration Low

Major Players

India Aroma Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of India Aroma Chemicals Market with other markets in Chemicals & Materials Industry

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India Aroma Chemicals Market Analysis

The India Aroma Chemicals Market is expected to register a CAGR of 5.48% during the forecast period.

Unlike various other chemicals, the demand for aroma chemicals witnessed a positive impact of the COVID-19 outbreak, specifically due to the growth in demand for soaps and detergents. A lifestyle change necessitated increased hand washing frequencies and better hygiene in general, which led to increased usage of soaps, hand washes, and other products. However, the nationwide lockdown has led to several production and overall operations challenges.

  • One of the major factors driving the market studied is the growing demand for flavors and fragrances in the food and beverage industry owing to increased consumption of packaged and convenience foods.
  • Conversely, high research and development costs for aroma chemicals hinder the market's growth.
  • Advancement in technology for the extraction of aroma chemicals is expected to offer various opportunities for market growth over the forecast period.

India Aroma Chemicals Industry Overview

The Indian Aroma Chemicals market is fragmented by nature. Some of the major players in the market (in no particular order) include International Flavors & Fragrances Inc., The Anthea Group, Privi Speciality Chemicals Limited, Eternis Fine Chemicals Limited, and S H Kelkar And Company Limited, among others.

India Aroma Chemicals Market Leaders

  1. International Flavors & Fragrances Inc.

  2. The Anthea Group

  3. Privi Speciality Chemicals Limited

  4. Eternis Fine Chemicals Limited

  5. S H Kelkar And Company Limited

  6. *Disclaimer: Major Players sorted in no particular order
India Aroma Chemicals Market Concentration
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India Aroma Chemicals Market News

January 2023: S H Kelkar and Company revealed that its wholly owned subsidiary, Keva Europe B.V. acquired a 100% stake in PFW Aroma Ingredients B.V. (PFW) from Keva UK. The acquisition has strengthened the aroma chemicals business of the company.

August 2022: Oriental Aromatics Ltd. announced an investment of nearly INR 1.3 - 1.5 billion (USD 15.69 - 18.10 million) for the development of a hydrogenation plant in Vadodara for specialty aroma chemicals. The plant is expected to be commissioned by the H2 of F.Y. 2024.

Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Increasing Usage in the Food and Beverage Industry
    • 4.1.2 Growing Demand for Fine Fragrances
    • 4.1.3 Other Drivers
  • 4.2 Market Restraints
    • 4.2.1 High Research and Development Costs
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Terpenes
    • 5.1.2 Benzenoids
    • 5.1.3 Musk Chemicals
    • 5.1.4 Other Types (Esters, Ketones, etc.)
  • 5.2 Application
    • 5.2.1 Soap and Detergents
    • 5.2.2 Cosmetics and Toileteries
    • 5.2.3 Fine Fragrances
    • 5.2.4 Household Products
    • 5.2.5 Food and Beverage
    • 5.2.6 Other Applications (Textile, Tobacco, Candles, etc.)

6. COMPETITIVE LANDSCAPE

  • 6.1 Merger & Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 BASF SE
    • 6.4.2 Eternis Fine Chemicals Limited
    • 6.4.3 Hindustan Mint & Agro Products Pvt. Ltd.
    • 6.4.4 International Flavors & Fragrances Inc.
    • 6.4.5 MANE
    • 6.4.6 Oriental Aromatics Ltd.
    • 6.4.7 Privi Speciality Chemicals Limited
    • 6.4.8 Robertet
    • 6.4.9 S H Kelkar And Company Limited
    • 6.4.10 Solvay
    • 6.4.11 Symrise
    • 6.4.12 Takasago International Corporation
    • 6.4.13 The Anthea Group
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Technological Advancement in Extraction of Aroma Chemicals
  • 7.2 Other Opportunities
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India Aroma Chemicals Industry Segmentation

Aroma chemicals are highly volatile, complex aromatic compounds known for enhancing the flavor or fragrance of the formulations into which they are infused.

The Indian aroma chemicals market is segmented by type and application. The market is segmented by terpenes, benzenoids, musk chemicals, and other types (esters, ketones, etc.). The market is segmented by application into soap and detergents, cosmetics and toiletries, fine fragrances, household products, food and beverage, and other applications (textile, tobacco, candles, etc.). For each segment, market sizing and forecasts have been done based on revenue (USD).

Type Terpenes
Benzenoids
Musk Chemicals
Other Types (Esters, Ketones, etc.)
Application Soap and Detergents
Cosmetics and Toileteries
Fine Fragrances
Household Products
Food and Beverage
Other Applications (Textile, Tobacco, Candles, etc.)
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Frequently Asked Questions

What is the current undefined size?

The undefined is projected to register a CAGR of 5.48% during the forecast period (2025-2030)

Who are the key players in undefined?

International Flavors & Fragrances Inc., The Anthea Group, Privi Speciality Chemicals Limited, Eternis Fine Chemicals Limited and S H Kelkar And Company Limited are the major companies operating in the undefined.

What years does this undefined cover?

The report covers the undefined historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the undefined size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

India Aroma Chemicals Industry Report

Statistics for the 2025 India Aroma Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Aroma Chemicals analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.