Market Overview:
The United States aroma chemicals market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.8% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 1.6 Billion |
Market Forecast in 2032
|
US$ 2.5 Billion |
Market Growth Rate (2024-2032) |
4.8% |
Aroma chemicals, also known as odorants, refer to a group of molecules that is used to add flavor and fragrance to various products. They can be extracted from plants and animals or manufactured artificially using different oils and fats. Aroma chemicals have gained immense traction in the United States on account of the increasing demand for fast moving consumer goods (FMCG), including cleaning and personal care products that widely employ these chemicals.
The United States aroma chemicals market is primarily driven by the launch of new and innovative personal care products. Furthermore, key manufacturers are investing in research and development (R&D) activities to produce improved products. For instance, the Fragrance Science and Technology teams of the International Flavors & Fragrances (IFF) is developing novel scent molecules, technologies and sensory solutions, which enable its perfumers to create high performing, consumer-preferred fragrances. Along with this, the US Food and Drug Administration (USFDA) has recently launched a survey of safety practices and manufacturing standards that aims at preventing the utilization of any potentially harmful chemicals in the cosmetics industry. The implementation of these stringent regulations has promoted the use of organic or natural fragrances across the country.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the United States aroma chemicals market report, along with forecasts at the country and regional level from 2024-2032. Our report has categorized the market based on type, product and application.
Breakup by Type:
Breakup by Product:
- Benzenoids
- Musk Chemicals
- Terpenoids
- Others
Breakup by Application:
- Soaps and Detergents
- Cosmetics and Toiletries
- Fine Fragrances
- Others
Breakup by Region:
- Northeast
- Midwest
- South
- West
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Billion |
Types Covered |
Natural, Synthetic |
Products Covered |
Benzenoids, Musk Chemicals, Terpenoids, Others |
Applications Covered |
Soaps and Detergents, Cosmetics and Toiletries, Fine Fragrances, Others |
Regions Covered |
Northeast, Midwest, South, West |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the United States aroma chemicals market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States aroma chemicals market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the United States aroma chemicals market and who are the key players?
- What is the degree of competition in the industry?