North America Aroma Ingredients Market By Type (Natural Ingredients and Synthetic Ingredients) By the Application (Homecare, Personal care, Fine Fragrances & Perfumes and Other Applications)
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Market Report Description
The North America Aroma Ingredients Market would witness market growth of 4.4% CAGR during the forecast period (2019-2025). The North America Aroma Ingredients market is studied across the U.S., Canada, and Mexico. The aroma ingredients are extracted from various natural sources such as fruits, flowers, spice, plants and wood among others. These are also produced using different chemical compounds like aldehydes , esters, alcohols, ketones, terpenes and musk chemicals.
The companies are adopting acquisition as a way to gain access to innovation, spread in regional coverage, widen its product portfolio. In Nov 2018, Firmenich has acquired Senomyx for the development of fragrance solutions. In Dec 2018, IFF has acquired three personal care ingredients from Kemin Industries in order to strengthen and expand the product portfolio of fragrances products; these three ingredients are: Lysofix™, an easy-to-use and cold-process lysophospholipid emulsifier, XFoliPEARL, and MicroCurb. In Aug 2019, Givaudan has acquired Fragrance Oils for enhancing the fragrances solutions for personal care, fine fragrances and home care applications. The aroma ingredients witness the presence of some key players majorly from chemical industry including BASF, Firmenich SA, Givaudan International SA, Robertet SA and Takasago International Corporation among others.
The US market dominated the North America Aroma Ingredients Market by Country 2018, and would continue to be a dominant market till 2025; thereby, achieving a market value of $3,307 million by 2025, growing at a CAGR of 3.7 % during the forecast period. The Canada market is expected to witness a CAGR of 6.7% during (2019 - 2025). Additionally, The Mexico market is expected to witness a CAGR of 5.8% during (2019 - 2025).
Based on Type, the market is segmented into Natural Ingredients and Synthetic Ingredients. Based on the Application, the market is segmented into Homecare, Personal care, Fine Fragrances & Perfumes and Other Applications. Based on Regions, the North America market is segmented into USA, Canada, Mexico and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Mane S.A., Givaudan S.A., Symrise AG, Takasago International Corporation, International Flavors & Fragrances Inc., Firmenich S.A., Kao Corporation, Robertet S.A., Sensient Technologies Corporation and BASF SE.
Scope of the Aroma Ingredients Market Analysis
- Natural Ingredients
- Synthetic Ingredients
- Personal care
- Fine Fragrances & Perfumes
- Rest of North America
- Mane S.A.
- Givaudan S.A.
- Symrise AG
- Takasago International Corporation
- International Flavors & Fragrances Inc.
- Firmenich S.A.
- Kao Corporation
- Robertet S.A.
- Sensient Technologies Corporation and
- BASF SE
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