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U.S. Aroma Chemicals Market Share

Report ID: GMI5045
Published Date: Apr 2021
Report Format: PDF

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U.S. Aroma Chemicals Market Share

U.S. aroma chemicals industry is competitive with key players including :

BASF SE
Solvay
Symrise AG
SH Kelkar & Company Ltd
vigon International Inc
Royal DSM
JNC Corporation
Prinova Group LLC
Takasago International Corp
Kao Corporation
Robertet.

In March 2021, DSM acquired fragrance & flavor bio-based intermediates business from Amyris. This acquisition aims at extending DSM’s offering in aroma chemicals with bio-based ingredients and expanding the product portfolio. DSM acquired the business with seven intermediate products which are being added to DSM’s aroma ingredients and personal care.

Authors: Kunal Ahuja, Sarita Bayas

Frequently Asked Questions (FAQ) :

The market revenue of aroma chemicals in the U.S. was recorded at over USD 1 Billion in 2020 and will expand at more than over 5.5% CAGR through 2027.

Natural source segment accounted for a revenue share of USD 515 million and will grow with increasing awareness regarding harmful effects of synthetic products.

With increasing consumer expenditure on personal care products, the regional market share from fine fragrances will surpass USD 355 million in terms of remuneration by 2027.

Driven by the rising demand for benzenoids in cosmetics and personal care products, the segment will account for a revenue share of more than USD 735 million by 2027.