Home > Pressrelease > U.S. Aroma Chemicals Market size worth over USD 1.5 billion by 2027
U.S. Aroma Chemicals Market size worth over USD 1.5 billion by 2027
- Published Date: April 29, 2021
According to a new research report by Global Market Insights Inc., the U.S. Aroma Chemical Market size is set to surpass USD 1.5 Billion by 2027.
Aroma chemicals are volatile compounds which is perceived by the olfactory nerves. These chemicals are compounds obtained through various sources such as natural extraction, synthetically and through animals. Ingredients including linalool, camphor, benzaldehyde, ethanol and benzyl alcohol are used for various applications including pharmaceutical, cosmetic and personal care.
Growing use of aroma chemicals and consciousness about organic substances should create opportunities for terpenoids market growth
U.S. aroma chemicals market by terpenoids is expected to witness growth over USD 830 million by 2027. Terpenoids are naturally occurring materials that offer pleasant odor and is utilized in natural and herbal products. Terpenoids include Geraniol, linalool, citral, Ambroxan, borneol and methylhyrojasmonate which are used for array of perfumery application. Geraniol are utilized as fragrant ingredient in perfumes and scents. Citral is used as natural flavoring agent in cosmetic, food & beverages owing to its lemon flavor and fragrance. Rising use of terpenoids in medicines and supplements is anticipated to foster market growth in U.S. region.
Rising demand for these natural and herbal medicines should stimulate the U.S. aroma chemical market growth. Terpenoids can be used in herbal oils, fragrances, medicines and supplements. Increasing prevalence of various chronic disorders including hypertension, cardiovascular diseases, and diabetes is likely to trigger the demand for herbal medicines and supplements in U.S. region, which in tun will trigger the demand for terpenoids as aroma chemicals.
“As per industry forecasts, terpenoid product is forecasted to witness a substantial growth of 6.0% by the end of 2027 owing to its naturally occurring source”
Browse key industry insights spread across 160 pages with 64 market data tables and 35 figures & charts from the report, U.S. Aroma Chemicals Market By Product (Benzenoids [2-phenoxyethanol, Vanillin, Benzaldehyde, Anethole, Cinnamaldehyde, Alpha-hexylcinnamaldehyde, Benzyl Salicylate, Benzyl Benzoate, Benzyl Acetate, Methyl Salicylate, Coumarin, Methyl Benzoate, Butylphenyl Methylpropional], Terpenoids [Linalool and Esters, l-Menthol, Geraniol/Nerol and Esters, Citronellol and Esters, Methyl Ionone, Citral, Ionones, Borneol, Isoborneol and Esters, Alpha Terpineol and Esters, Acetylated Cedarwood Terpenes, Methyl Dihydrojasmonate, Ambroxan, Gamma Nonalactone,Gamma Decalactone, Gamma Undecalactone, Methyl Di Jasmonate], Musk Chemicals [Polycyclic musks (Tonalid (AHTN), Galaxolide (HHCB)), Macrocyclic Musks,], By Source (Natural, Synthetic), By Application (Food & Beverage, Fine Fragrances, Cosmetics & Toiletries, Soaps & Detergents, Household), Industry Analysis Report, Country Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Easy availability and low cost have raised demand for synthetic aroma chemical which should augment market growth
Synthetic source segment should witness growth over USD 795 million in 2020 which shows opportunity for market growth. Synthetic aroma chemicals are used in various products including cosmetics, personal care, soaps, detergents and food & beverages. Synthetic chemicals are gaining popularity among manufacturers owing to its easy availability in the market.
Synthetic chemicals show long lasting effect than natural ingredients which should accelerate market growth. Furthermore, rising consumer spending on scented products in U.S. region is likely to fuel U.S. aroma chemical market growth. Scented products enhance consumer experience with the product and offers a sense of uniqueness owing to increased demand for aroma chemicals from various product manufacturers including cosmetics and personal care in U.S. region.
“As per industry forecasts, synthetic source should witness significant gains of 5.5% by the end of 2027 pertaining to its easy availability and low cost”
Improving living standards in urban areas of U.S. region to fuel household product demand which should foster market growth
U.S. aroma chemicals market size by household surpassed USD 165 million in 2020 which shows positive impact for market growth. These chemicals are used in household products to remove foul smell and impart odor to make house smell fresh and good which should stimulate fragrances demand for production of household products. Economic prosperity in urban areas of U.S. region has improved lifestyle and has influenced individual inclination towards healthy and hygienic lifestyles which should fuel market growth.
Key market participants in U.S. aroma chemicals industry are BASF SE, Solvay, Symrise AG, SH Kelkar & Company Ltd, Vigon International Inc, Royal DSM, JNC Corporation, Prinova Group LLC, Takasago International Corp, Kao Corporation and Robertet. Market players are also involved in various strategies and initiatives including mergers & acquisition, product innovation and launch to gain competitive advantage.
Explore More on Related Topics: