Driving Factors in the U.S. Perfume Ingredient Chemicals Market

The U.S. perfume ingredient chemicals market is projected to grow significantly, increasing from an estimated 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 driven by a rising consumer preference for natural and organic ingredients, as awareness of health and environmental impacts continues to influence purchasing decisions. Key market highlights include the dominance of natural aroma chemicals, which held a substantial 67.8% market share in 2022, and essential oils, anticipated to contribute 59.5% of the market in 2024. The development of sustainable and environmentally friendly perfume ingredient chemicals presents a significant opportunity for further expansion in this sector.