North American Aroma Chemicals Market size is projected to exceed USD 2.25 billion by 2026, according to a latest forecast report by Graphical Research.
Growing utilization of fragrances in personal care products, cosmetics, and foods and beverages should drive the North America aroma chemicals market growth. Consumer consciousness regarding health hazards of chemicals in personal care products and cosmetics is likely to trigger the demand for natural aroma chemicals.
The terpenoids segment is expected to record a CAGR of nearly 6% from 2020 to 2026. Terpenoids are compounds that exist naturally and can be synthesized from chemicals like isoprene and terpenes. Terpenoids are widely utilized in producing fine fragrances, perfumes, and wines as this exhibit characterizing odor and as these can be produced synthetically from isoprene.
Utilization of terpenoids in producing perfumes and fine fragrances has soared pertaining to rising demand for perfumes and fragrances. Consumer spending on personal care and wellbeing has soared owing to rising focus on appearance and luxury lifestyle. This trend has accelerated the demand for pleasant fragrances from perfume and fragrances manufacturers in North America.
Browse detailed statistical insights from the report, “North America Aroma Chemicals Market Size By Application (Food & Beverage, Fine Fragrances, Cosmetics & Toiletries, Soaps & Detergents, Household), By Source (Natural, Synthetic), By Product (Benzenoids, Terpenoids, Musk Chemicals), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026” along with the table of contents (ToC) @
Synthetic fragrances are made from synthetic compounds and are available in variety of fragrances in the market and offer more dense and longer fragrance than their natural counterpart. Synthetic aroma chemicals are utilized in manufacturing of essential oils, soaps, cleaning products, perfumes, and cosmetics. Utilization of synthetic chemicals in manufacturing is driven by low cost, ease of manufacturing, easy availability of synthetic products compared to natural aroma chemicals.
Fine fragrances are applicable in wide range of applications like colognes, perfumes, cosmetics, toiletries, foods, and beverages. The utilization of fine fragrances in cosmetics has soared in recent years as companies use innovative ways to enhance customer experience and attract new customers. Consumer spending on new products that offer pleasant experience and help them stand out.
Rising cosmetics and personal care industry in United States has triggered the demand for aroma chemicals in manufacturing personal care products. Rising consumer spending on luxury and lavish lifestyle is likely to trigger the demand for new products that enhance customer experience and appearance.
The North American aroma chemicals market report for aroma chemicals includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:
North America Market, By Source
North America Market, By Product
- Musk Chemicals
North America Market, By Application
- Food & Beverage
- Fine Fragrances
- Cosmetics & Toiletries
- Soaps & Detergents
The above information has been provided for the following countries: