Who are the Market Leaders in U.S. Perfume Ingredient Chemicals?

The U.S. perfume ingredient chemicals market is poised for significant growth, projected to expand from approximately US$7.2 billion in 2024 to US$10.3 billion by 2031, representing a compound annual growth rate (CAGR) of 5.3%. This growth is largely driven by increasing consumer preference for natural and organic ingredients, reflecting heightened awareness of health and environmental impacts. Key market trends include technological advancements and rising demand for personal care products, with the natural aroma chemicals segment holding a dominant 67.8% market share in 2022. Essential oils are expected to contribute significantly, accounting for 59.5% of the market share in 2024, while fixatives are projected to represent 41.3% of the market share, highlighting the evolving landscape of the perfume ingredient chemicals industry.