PRODUCTION OF MUSK AROMA CHEMICALS AND RISING CONSUMPTION IN PERSONAL CARE AND DETERGENTS IS DRIVING MUSK AROMA CHEMICALS MARKET GROWTH
Musk Aroma Chemicals Market Scenario
Musk aroma chemicals are a kind of aroma chemicals which can be obtained either naturally or synthetically. Natural musk aroma chemicals are obtained from plants and animals which include seeds and roots. Natural musk extracts of animal origin are obtained from rump gland of the male musk deer, civet cat, and Louisiana musk rat. They find wide utilization scope in various application such as household products, soap & detergent, cosmetics & personal care, food, and others.
As per our analysis, some of the prominent market factors and trends identified in the global musk aroma chemicals are increasing awareness, increasing number of working professionals, and growing middle class population. Moreover, the increasing importance of grooming among adults as well as teenagers is predicted to fuel the growth of the market. New product innovation and rising popularity of various types of celebrity fragrances and cosmetic items are expected to propel the demand for musk aroma chemicals in upcoming years.
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Musk Aroma Chemicals Top Key Players:
The major players operating in the Global Musk Aroma Chemicals Market are PFW Aroma Ingredients (the Netherlands), Sigma-Aldrich Co. LLC. , The Good Scents Company , Bell Flavors & Fragrances , International Flavors & Fragrances , Givaudan (Switzerland), Firmenich (Switzerland), Takasago (Japan), Guangzhou Flower Flavours & Fragrances Co., Ltd. (China), A.M. Aromatics Private Limited. (India), and others
The global musk aroma chemicals market is classified into five regions namely– Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Europe emerged as the leading musk aroma chemical market in 2016, driven by the growth of various end use application such as soap & detergent and cosmetics & personal care. Europe region was predicted to amount for around 33% of the overall volume share in 2016, and is estimated to grow with the steady CAGR over the forecast period. European countries such as Russia, Germany, UK, and Italy have emerged as the key contributors in the regional musk aroma chemicals market growth and expected to continue their dominance over the assessment period due to wide utilization of musk aroma chemicals in cosmetics & personal care products.
North America is expected to witness a moderate growth in musk aroma chemicals market on account of strong consumer base for numerous industries combined with the growing investments to regenerate household products sector during the assessment period, during 2017 to 2023. U.S and Canada are among the major contributors in the regional growth of musk aroma chemicals and are estimated to see a momentous demand for the market in the upcoming years. U.S accounted for the largest market share in terms of value and is expected to grow with the steady CAGR due to growth in cosmetics & personal care.
The global musk aroma chemicals market is segmented on the basis of source, application, and region. On the basis of source, musk aroma chemicals market is bifurcated into natural and synthetic. On the basis of application, the market is classified into soap & detergent, cosmetics & personal care, food, household products, and others. On the basis of region, the market is categorized into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
The report covers brief analysis of geographical regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
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