PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762578
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762578
US Flavors and Fragrances Market Size, Share, Trends, Industry Analysis Report: By Product (Natural and Aroma Chemicals) and By Application - Market Forecast, 2025-2034
The US flavors and fragrances market size is expected to reach USD 8.43 billion by 2034, according to a new study by Polaris Market Research. The report "US Flavors and Fragrances Market Size, Share, Trends, Industry Analysis Report: By Product (Natural and Aroma Chemicals) and By Application - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market encompasses the formulation, production, and application of compounds that enhance the sensory attributes of consumables and personal care products. This market plays a pivotal role in product differentiation and consumer brand engagement across sectors, including food and beverages, cosmetics, pharmaceuticals, and home care. A notable driver of market growth is the escalating demand for clean-label and wellness-focused formulations, where botanical extracts, fermentation-derived ingredients, and essential oils are replacing synthetic counterparts. Heightened consumer awareness and regulatory pressure around ingredient transparency are compelling manufacturers to invest in natural, traceable, and sustainably sourced raw materials. Advancements in biotechnology, precision fermentation, and green chemistry are also supporting the development of novel compounds, expanding both technical capabilities and product portfolios.
Trends such as sensory branding, mood-enhancing aromas, and multisensory consumption are reinforcing US flavors and fragrances market demand, particularly in premium and niche applications. The increasing convergence of wellness and luxury in personal care and food categories is opening new opportunities for customized scent and flavor experiences. Moreover, innovation in encapsulation, controlled release, and AI-enabled flavor modeling is enabling manufacturers to deliver more consistent, high-performance outcomes. Strategic investments in R&D, formulation platforms, and sustainable sourcing strategies are fueling market expansion, as companies respond to evolving consumer preferences and competitive differentiation imperatives. The market is becoming more innovation-centric, value-driven, and responsive to shifts in lifestyle and consumption patterns, positioning it for resilient long-term growth.
US Flavors and Fragrances Market Report Highlights
Based on product, the US flavors and fragrances market is segmented into natural and aroma chemicals. The natural segment accounted for a larger market share in 2024 due to the surge in demand for botanical and organic inputs across food, beverage, and personal care applications.
In terms of application, the market is segmented into flavors and fragrances. The flavors segment held a larger market share in 2024 due to the ongoing expansion of the processed food and functional beverage sectors.
Alpha Aromatics; Archer-Daniels-Midland Company; BASF SE; doTERRA International; Elevance Renewable Sciences, Inc.; International Flavors & Fragrances Inc.; Ungerer & Company; Vigon International, Inc.; and Young Living Essential Oils are a few key market players.
Polaris Market Research has segmented the market report on the basis of product and application:
By Product Outlook (Revenue, USD Billion, 2020-2034)
Natural
Essential Oils
Oleoresins
Others
Aroma Chemicals
By Application Outlook (Revenue, USD Billion, 2020-2034)
Flavors
Fragrances
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. US Flavors and Fragrances Market Insights
- 4.1. US Flavors and Fragrances Market - Market Snapshot
- 4.2. US Flavors and Fragrances Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Consumer Expenditure
- 4.2.1.2. Rising Sustainability Initiatives
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Stringent Regulatory Compliance
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. US Flavors and Fragrances Market Trends
- 4.6. Value Chain Analysis
5. US Flavors and Fragrances Market, By Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. US Flavors and Fragrances Market, By Product, 2020-2034 (USD Billion)
- 5.3. Natural
- 5.3.1. US Flavors and Fragrances Market, by Natural, 2020-2034 (USD Billion)
- 5.3.2. Essential Oils
- 5.3.2.1. US Flavors and Fragrances Market, by Essential Oils, 2020-2034 (USD Billion)
- 5.3.3. Oleoresins
- 5.3.3.1. US Flavors and Fragrances Market, by Oleoresins, 2020-2034 (USD Billion)
- 5.3.4. Others
- 5.3.4.1. US Flavors and Fragrances Market, by Others, 2020-2034 (USD Billion)
- 5.4. Aroma Chemicals
- 5.4.1. US Flavors and Fragrances Market, by Aroma Chemicals, 2020-2034 (USD Billion)
6. US Flavors and Fragrances Market, By Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. US Flavors and Fragrances Market, By Application, 2020-2034 (USD Billion)
- 6.3. Flavors
- 6.3.1. US Flavors and Fragrances Market, by Flavors, 2020-2034 (USD Billion)
- 6.4. Fragrances
- 6.4.1. US Flavors and Fragrances Market, by Middle-end Services, 2020-2034 (USD Billion)
7. Competitive Landscape
- 7.1. Expansion and Acquisition Analysis
- 7.1.1. Expansion
- 7.1.2. Acquisitions
- 7.2. Partnerships/Collaborations/Agreements/Exhibitions
8. Company Profiles
- 8.1. Alpha Aromatics
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.1.4. Recent Development
- 8.2. Archer-Daniels-Midland Company
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.2.4. Recent Development
- 8.3. BASF SE
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.3.4. Recent Development
- 8.4. doTERRA International
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.4.4. Recent Development
- 8.5. Elevance Renewable Sciences, Inc.
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.5.4. Recent Development
- 8.6. International Flavors & Fragrances Inc.
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.6.4. Recent Development
- 8.7. Ungerer & Company
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.7.4. Recent Development
- 8.8. Vigon International, Inc.
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.8.4. Recent Development
- 8.9. Young Living Essential Oils
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.9.4. Recent Development
List of Tables:
- Table 1 US Flavors and Fragrances Market, By Product, 2020-2034 (USD Billion)
- Table 2 US Flavors and Fragrances Market, By Application, 2020-2034 (USD Billion)
List of Figures:
- Figure 1. US Flavors and Fragrances Market, 2020-2034 (USD Billion)
- Figure 2. Integrated Ecosystem
- Figure 3. Research Methodology: Top-Down & Bottom-Up Price
- Figure 4. Porter's Five Forces
- Figure 5. Market by Product
- Figure 6. US Flavors and Fragrances Market, by Product, 2024 & 2034 (USD Billion)
- Figure 7. Market by Application
- Figure 8. US Flavors and Fragrances Market, by Application, 2024 & 2034 (USD Billion)
