U.S. aroma chemicals market size has recorded considerable expansion over the years due to the increasing consumer spending on skincare and hair care products to ensure overall well-being. Aroma chemicals are are used to provide different types of fragrances. These chemicals are widely used due to their persuading attributes like volatility, stability, surface activity, and polarity.
Chemicals like terpenoids, muck chemicals, and benzenoids are used to offer odor to perfumery products. These chemicals are used in applications like soaps, fine fragrances, detergents, pharmaceuticals, household items, and food and beverage items.
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Reports estimate that U.S. aroma chemical market size could reach USD 1.5 billion through 2027. Increasing purchasing power on skincare and haircare for complete well-being will complement the consumption of the ingredient.
Musk chemicals have gained considerable demand over the years due to the increasing adoption of synthetic chemicals in the making of perfumes. On the other hand, benzenoids products are also being widely adopted due to their ability to provide high stability in personal care and cosmetics products.
Concerning application spectrum, aroma chemicals have witnessed widespread use in the U.S. food and beverage sector over time to improve their user experience for customers. The increase in expenditure on food due to the high disposable income of the people has steered developments in the U.S. F&B segment.
The cosmetics and toiletries application is expected to witness high adoption of aroma chemicals due to the rising demand for fragrances to manufacture different products such as soaps and other skincare items. It is worth noting that the advent of coronavirus pandemic has largely affected the sale of cosmetics and personal care products due to the temporary closure of stores and shops to restrict public gatherings that may serve as a leading cause for an increase in COVID-19 infections.
It has may have also affected growth in U.S. aroma chemicals market. Although, gradual relaxations announced by the governments in a bid to revive the economy supported by the rapid fall in COVID-19 patients will re-strengthen the demand for the F&B production sector in the forthcoming times.
The growth in U.S. aroma chemicals market size is led by various prominent companies that are entering into partnerships, acquiring, and strategic alliances to meet their escalating demand. In June 2021, Azelis announced that it has inked an agreement to purchase 100% of the shares of Vigon International Inc.- a prominent US specialty distributor and producer of ingredients for fragrances, flavors, and cosmetics market segments. This acquisition aimed at expanding and strengthening their position in the U.S.
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Other leading companies in the industry, that are constantly working towards introducing new products to meet the escalating demand, include Royal DSM, BASF SE, JNC Corporation, and SH Kelkar & Company Ltd., to name a few. Driven by its use in various sectors like household, food and beverage, cosmetics and toiletries, and fine fragrances, U.S. aroma chemicals industry sshareize will witness considerable expansion due to the efforts taken by the companies to increase their production capabilities and to introduce new products.
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