North America Fragrance Ingredients Market is expected to reach USD 6.15 billion by 2026 from USD 4.90 billion in 2021, growing at a CAGR of 5.68%. Fragrances are an intricate blend of natural and synthetic ingredients. A single scent might contain as low as ten to as high as couple of hundreds of ingredients or aroma chemicals in calibrated but minute amounts. These ingredients are basically used in products such as fine fragrances, soaps, cosmetics, detergents etc.
The Fragrance Ingredients market is predicted to show enormous potential in the forecasting period. The market continues to show momentum with the rise in demand for personal and other consumer products. The trend has gained momentum since the regulation, REACH was legislated in the European Union.
Drivers and Restraints of North America Fragrance Ingredients Market:
The Industry has been witnessing a rise in the demand for natural fragrance ingredients lately, thus catching interest of various companies in the market. Other important factors driving the fragrance ingredients market include, changing consumer preferences, increasing demand for cleaning products, significant advancement in technology. On the other hand, the market faced some challenges and restraints as well, which include, expensive research and development and compliance with quality and regulatory standards. Concerns with Synthetic product have also been one of the major factors holding down the market from reaching its actual potential.
The North America Fragrance Ingredients market is categorized on the basis of
Application
Based on type the market segmentation is done into essentials oils as well as aroma chemicals, which are further classified into Orange, Eucalyptus, Mentha Arvensis, Citronella, Cedarwood and Terpenes, Musk Chemicals, benzenoids respectively. On the basis of Application, the segmentation is done into Cosmetics & Toiletries, Soaps & Detergents, Fine Fragrances. The essential oils accounted for the largest market share in segmentation by type and have a market share of almost twice as that of aroma chemicals. On the basis of application the market is dominated by soaps and detergents, when on the other side cosmetics and toiletries are forecasted to show the highest CAGR in the coming years.
Geographical Analysis:
On the basis of geography, the North America market is analysed under two countries namely
Key Players:
Some of the major companies leading the North America market share include BASF SE, T. Hasegawa Co. Ltd., Firmenich International SA, Givaudan SA, Frutarom Industries Ltd., International Flavors and Fragrances Inc., Robertet SA, Mane SA, Symrise AG, Takasago International Corp.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Type
5.1.1 Introduction
5.1.2 Essential Oils
5.1.2.1 Orange
5.1.2.2 Mentha Arvensis
5.1.2.3 Eucalyptus
5.1.2.4 Cedarwood
5.1.2.5 Citronella
5.1.3 Arora Chemicals
5.1.3.1 Terpenes
5.1.3.2 Benzenoids
5.1.3.3 Musk Chemicals
5.1.4 Others
5.1.5 Y-o-Y Growth Analysis, By Type
5.1.6 Market Attractiveness Analysis, By Type
5.1.7 Market Share Analysis, By Type
5.2 Application
5.2.1 Introduction
5.2.2 Cosmetics & toiletries
5.2.2 Fine Fragrances
5.2.4 Soap & Detergants
5.2.5 Other Applications
5.2.6 Y-o-Y Growth Analysis, By Application
5.2.7 Market Attractiveness Analysis, By Application
5.2.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 BASF SE
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Firmenich International SA
8.3 Frutarom Industries Ltd
8.4 Givuadan SA
8.5 International Flavors & Fragrances Inc
8.6 Mane SA
8.7 Robertet SA
8.8 Symrise AG
8.9 T. Hasegawa Co. Ltd. (Japan)
8.10 Takasago International Corp
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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