United States Herbal Fragrance Ingredient Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.7 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US herbal fragrance ingredient market has witnessed significant growth in recent years, driven by the increasing consumer demand for natural and eco-friendly products. As industries such as cosmetics, personal care, and aromatherapy continue to evolve, the importance of herbal fragrances has soared. This demand for natural ingredients is not just a passing trend but a reflection of a larger shift towards sustainable and wellness-oriented lifestyles.
Herbal fragrance ingredients, derived from plants like lavender, eucalyptus, and rose, are becoming more prominent in the formulation of various products. The US herbal fragrance ingredient market is thriving as manufacturers seek to offer consumers alternatives to synthetic chemicals, which are often linked to allergies and environmental harm. With an ever-growing demand for transparency in ingredient sourcing, industries are responding by incorporating more herbal fragrances into their products.
Industries such as the cosmetic sector are actively seeking herbal fragrance ingredients to meet the evolving needs of conscious consumers. The personal care market is particularly enthusiastic, with herbal ingredients being used in skin care products, shampoos, and deodorants. Aromatherapy has also played a crucial role in driving the market, as more individuals turn to natural solutions for relaxation and overall well-being. The demand for essential oils and herbal-based products in this space has skyrocketed, further boosting the market's growth.
From a regulatory standpoint, the US herbal fragrance ingredient market is subject to rigorous standards, with companies needing to ensure the quality and safety of the ingredients they use. This has led to an increase in certifications and audits, which in turn strengthens the consumer's trust in the products they purchase. Many of these herbal ingredients are organic, which adds another layer of appeal for environmentally-conscious consumers.
The increasing popularity of natural ingredients in the US is reshaping the fragrance industry, prompting companies to innovate and experiment with new ways to integrate herbal fragrances into their products. Whether through the use of essential oils in home fragrance items or the inclusion of herbal extracts in beauty products, the potential for growth in this sector remains promising.
The US herbal fragrance ingredient market has opened up new avenues for businesses to explore, providing them with the opportunity to tap into a thriving industry that emphasizes health, sustainability, and wellness. As more consumers prioritize products that are both good for them and the planet, the demand for herbal fragrance ingredients is expected to continue rising.
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Symrise AG
Firmenich SA
Givaudan SA
lnternational Flavors & Fragrances Inc.(IFF)
Takasago International Corporation
Mane SA
Robertet SA
Sensient Technologies Corporation
Frutarom Industries Ltd.
Huabao International Holdings Ltd.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Herbal Fragrance Ingredient Market
Essential Oils
Absoute Oils
Concretes
Resinoids
Others
Plant-based
Animal-based
Personal Care & Cosmetics
Home Care & Cleaning
Fine Fragrances
Food & Beverages
Others
Direct Sales
Retail
Online
Fragrance Manufacturers
Cosmetic Companies
Pharmaceutical Companies
Others
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Herbal Fragrance Ingredient Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Herbal Fragrance Ingredient Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Herbal Fragrance Ingredient Market, By Type
6. US Herbal Fragrance Ingredient Market, By Application
7. US Herbal Fragrance Ingredient Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Herbal Fragrance Ingredient Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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